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Need for Joint Training Programmes Boosts European Military Synthetic Training & Simulation Markets - Frost & Sullivan finds that the European Military Synthetic Training and Simulation Markets earned revenues of $1.1 billion in 2006 and estimates this to reach $1.8 billion in 2015
Need for Joint Training Programmes Boosts European Military Synthetic Training & Simulation Markets

 

PRZOOM - /newswire/ - London, United Kingdom, 2007/03/27 - Frost & Sullivan finds that the European Military Synthetic Training and Simulation Markets earned revenues of $1.1 billion in 2006 and estimates this to reach $1.8 billion in 2015.

   
 
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The need for joint military training exercises allied with benefits of time and cost efficiencies are boosting the European markets for military synthetic training and simulation. As the market expands, new entrants are increasingly entering the fray and intensifying competition.

Frost & Sullivan (defence.frost.com) finds that the European Military Synthetic Training and Simulation Markets earned revenues of $1.1 billion in 2006 and estimates this to reach $1.8 billion in 2015.

"As European countries increase cooperation in joint military training programmes to promote improved training efficiency and cost reductions in net-centric warfare (NCW) environments, the markets for military synthetic training and simulation will expand, " explains Frost & Sullivan Research Analyst Marie-France Mann. "The switch to joint training will mean that a series of networked simulation devices will need to be procured even as current systems will have to be upgraded, networked or replaced."

Besides, despite procurement costs, European militaries are likely to acknowledge the time and cost efficiency benefits offered by simulated training equipment. Operation and maintenance expenditures incurred while using simulated training devices for military training purposes are significantly lower than that incurred using actual military equipment.

"Time efficiency is also an important factor as more training can be imparted on simulators compared to actual systems," adds Ms. Mann. "In terms of personnel safety, simulation helps avoid injuries and accidents that can occur during actual training."

Despite the optimistic scenario, contracts are decreasing in number. This situation is compelling subcontractors to win at least a segment of these contracts in order to survive and avoid exiting the market altogether. Also, as the number of participants increases, competition is intensifying and the market is becoming fragmented placing tremendous pressure on small- and medium-sized contractors.

"Manufacturers must aim to design open and highly interoperable architectures to meet next generation synthetic training requirements necessitated by joint training programmes," advises Ms. Mann. "Being proactive on design, delivery and service capabilities together with a focus on innovation will be key to achieving product differentiation and market success."

If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an overview of the latest analysis of the Military Synthetic Training and Simulation Markets in Europe, then send an e-mail to Srividhya Parthasarathy, Corporate Communications, at sparthasarathy[.]frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. We will send you the information via email upon receipt of the above information.

Military Synthetic Training and Simulation Markets in Europe is part of the Aerospace and Defence Subscription. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are also available.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

List of key industry participants: QinetiQ, Thales France, Thales UK - T and S, CAE, KONSGBERG, SAIC, Ruag, Concurrent, BAE SYSTEMS, DASSAULT AVIATION, Boeing, Giat Industries, EADS, Lockheed Martin, L3 Communications, Barco, Agusta Westland, X Sens, Pennwell, Quantum 3D, BlueRidge Simulation, SAAB, Meggitt, Sagem Defense Securite, Military Training ans Simulation News, RS Real Simulator, Simotron, KMW, BVR Systems, 3d Perception.


List of key words in this press release: military training, European markets for synthetic military training and simulation, military, Europe, markets, synthetic military training and simulation, simulation, joint military training programmes, NCW, net-centric warfare, networked simulation devices, European militaries, simulated training equipment, simulators

 
 
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Need for Joint Training Programmes Boosts European Military Synthetic Training & Simulation Markets

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