|
Military Synthetic Training and Simulation Markets in EuropePublished by: Frost & Sullivan Published: Jan. 3, 2007 - 97 Pages Table of Contents
AbstractThis Frost & Sullivan research service titled Military Synthetic Training and Simulation Markets in Europe provides a complete analysis of the key market drivers and restraints. The study includes a competitor analysis and offers recommendations to facilitate decision-making for participants in the synthetic training and software market for military applications.Market Overview Growing Need for Joint Training Creates Growth Opportunities in the Military Synthetic Training and Simulation Markets in Europe Since the last decade, European militaries have been second to the United States in the development of training systems and programmes. While this trend is likely to continue, new challenges have emerged in the European market of synthetic training and simulation for defence. It is undeniable that European countries need to co-operate in joint training programmes for better training efficiency and cost reduction in net-centric warfare (NCW) environments. Given these new requirements, the synthetic training and simulation markets are growing in significance. Accordingly, competition has increased with the foray of several new entrants. "Potential business growth for manufacturers lies in creating innovative capabilities for synthetic training in order to achieve differentiation," states the analyst of this research service. "With joint training programmes, a new set of requirements are likely to emerge that companies will need to be aware of, which will enable them to be proactive on the design, delivery and provision of services for training." Emphasis on Open and Interoperable Architectures Crucial for Manufacturers Militaries will increasingly require interoperable and big joint training programmes, which are expected to transform the outlay of the markets. In 2006, the total market revenues in Europe for 2006 were pegged at about $1.18 billion. As the market potential is huge and business opportunities are numerous, the markets are expected to demonstrate a CAGR of 4.8 per cent from 2006 to 2015. A significant restraint for the markets is the decreasing number of contracts. Nonetheless, contracts continue to be expensive. "Subcontractors will need to win a good proportion of the contracts awarded to remain in competition and not be compelled to exit the market altogether," explains the analyst. "This is a difficult challenge to overcome, since the number of competitors is high and the industry of serious games is also attempting to offer synthetic training." Thus, due to the large number of competitors, the markets are fragmented and companies will need to seek growth opportunities proactively. Medium-sized companies will need to orient their strategies in order to find a solution to become prime contractors. Moreover, the design of simulation systems is crucial for manufacturers. They will need to aim for open and highly interoperable architectures for next generation synthetic training requirements. Get Full Details About This Report >> |
|
|||
|
About MarketResearch.com
|
||||