- The key vendors in the US DoD training and simulation market 2015-2019 include General Dynamics, L-3 Link, Lockheed Martin, Raytheon and Saab.
London, 02 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the US DoD training and simulation market 2015-2019. Emergence of mobile tablet and smartphone training is one of the key trends upcoming in this market. Mobile technologies have enabled army training in more realistic environments, as military simulators shift toward usage of mobile devices and heads-up guidance systems. The US DoD training and simulation market is expected to decline at a CAGR of (0.14%) during the forecast period of 2014-2019.
The US DoD training and simulation market can be classified by application area: the US Army, the US Air Force, and the US Navy. The US DoD navy training and simulation account for around 44% of the overall market share. The major factor attributed to this segment’s growth is the wide procurement of F-35, P-8A, and T-6 training aircraft and simulators.
“Simulators have implemented Curved Cobra Display for flight simulators allow operators to develop high-fidelity sensor applications for pilots and artillery operators to familiarize themselves with enemy targets in a virtual environment,” says Faisal Ghaus, Vice President of Technavio Research.
“These displays are already in use with the US military for joint terminal attack controllers (JTAC) training, tank simulation, flight simulation, and vehicle training.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the US DoD Training and Simulation Market 2015-2019, please send an e-mail to media@TechNavio.com
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