Frost & Sullivan Projects Stable Growth for Global Military Training and Simulation Market Despite Defence Budgets Cuts

Frost & Sullivan Projects Stable Growth for Global Military Training and Simulation Market Despite Defence Budgets Cuts PR Newswire LONDON, June 14, 2012 - Training and Simulation of Unmanned Systems Operators Represents New Growth Area in Global Military Training and Simulation Market LONDON, June 14, 2012 /PRNewswire/ -- Cost efficiency is one of the main factors that will support stable growth in the military training and simulation (T&S) market. Ministries of Defence (MoDs) are trying to make military T&S more efficient, and balance cost savings with the availability of simulators. New analysis from Frost & Sullivan (http://www.aerospace.frost.com), Global Military Training & Simulation Market Assessment, finds that the market earned revenues of $6,689.2 million in 2011 and estimates this to reach $7,272.4 million by 2020. The research covers fifteen countries including the United States, the United Kingdom, France, Germany, India, South Korea, Australia, Brazil, Turkey, Saudi Arabia and the United Arab Emirates. Despite defence budget reductions in many of the fifteen countries analysed, Frost & Sullivan still projects the military T&S market to expand during the forecast period. Stable market revenue will be mainly due to the need to maintain highly professional armies in these countries. "Troops of these countries need permanent and customised training," notes Frost & Sullivan Industry Analyst Dominik Kimla.