- The key vendors in the global military aerospace simulation and training market 2015-2019 are Boeing Defense, Space & Security, CAE Inc., Kratos Defence and Security Solutions, L-3 Communications Holdings Inc. and Rheinmetall Defence Electronics GmbH
London, 03 August 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global military aerospace simulation and training market 2015-2019. LVC-based training is one of the major trends being observed in this market. With the introduction of LVC training, the operator can train the pilot in an environment similar to the challenges that are faced on a battlefield. The use of this training will help train military pilots for combat missions, which includes emergency evacuation and coordination with ground operations. The global military aerospace simulation and training market is expected to grow at a CAGR of -1.46% during the period 2014-2019.
New strategies adopted by the aerospace industry to achieve greater efficiency and reduced costs are increasing OEM’s dependence on tier 1 suppliers. Big players such as Boeing and Airbus focus more on integration and less on internal production capability.
“Military simulators are now moving toward the usage of mobile devices and head up guidance systems,” says Faisal Ghaus, Vice President of Technavio Research.
“For instance, earlier aircraft manuals were only available in a book format, which has been replaced by mobile devices. This enables the pilot to access the flight documentation in a simpler manner.”
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.
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