Growth Opportunities in the US Defense Training and Simulation Industry, 2024 2029

Growth Opportunities in the US Defense Training and Simulation Industry, 2024 2029

Commercial Technology Scaling and Long-term Contracts will Ensure Program Sustainability

RELEASE DATE
21-May-2024
REGION
North America
Deliverable Type
Market Research
Research Code: K9C2-01-00-00-00
SKU: AE_2024_737
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SKU
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$4,950.00
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Description

In this study, Frost & Sullivan overviews the United States (US) defense training and simulation industry, highlighting growth drivers, restraints, and opportunities. The study also provides a forecast with future spending estimates and insight into some notable programs. In addition, it analyzes current trends and identifies some companies to watch.

The US Department of Defense’s (DoD) budget for FY2024, approved by the US Congress, will be slightly affected by inflation, which will limit spending capacity for training and simulation technology. However, future investment in this area will be guaranteed by long-term programs and multi-year contracts.

Instead of investing in research and development projects to create products from scratch, the DoD frequently relies on readily available commercial training and simulation solutions. This approach allows it to accelerate procurement and delivery of these solutions to military forces.

However, the 2024 presidential election is likely to impact budget negotiations. Depending on which political party wins, defense spending may change, which, in turn, could create uncertainty within the defense training and simulation industry.

Table of Contents

Key Questions This Study Will Answer

Analysis Factsheet

Analysis Factsheet (continued)

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the US Defense Training and Simulation Industry

Scope of Analysis

Definitions: Training Types

Definitions: Training Methodologies

Segmentation

Competitive Environment

Key Competitors

Growth Metrics

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Growth Restraint Analysis (continued)

Forecast Considerations

Forecast Considerations (continued)

Total Spending Forecast

Spending Forecast by Account Title

Spending Forecast by Service

Spending Forecast Analysis

Spending Forecast Analysis (continued)

Trend Analysis

Contract Award Share and Analysis

Contract Award Share and Analysis (continued)

Companies to Watch

Growth Metrics

Spending Forecast

Spending Forecast by Account Title

Spending Forecast Analysis

Competitive Environment

Notable Programs and Opportunities

Growth Metrics

Spending Forecast

Spending Forecast by Account Title

Spending Forecast Analysis

Competitive Environment

Notable Programs and Opportunities

Growth Metrics

Spending Forecast

Spending Forecast by Account Title

Spending Forecast Analysis

Competitive Environment

Notable Programs and Opportunities

Growth Metrics

Spending Forecast

Spending Forecast by Account Title

Spending Forecast Analysis

Competitive Environment

Notable Programs and Opportunities

Growth Opportunity 1: Signal and Network Modeling and Simulation—US Air Force

Growth Opportunity 1: Signal and Network Modeling and Simulation—US Air Force (continued)

Growth Opportunity 2: Digital Twins for Maintenance—US Navy

Growth Opportunity 2: Digital Twins for Maintenance—US Navy (continued)

Growth Opportunity 3: Training Tracker Cloud-based Platform—US Army

Growth Opportunity 3: Training Tracker Cloud-based Platform—US Army (continued)

Growth Opportunity 4: AI for Training and Simulation—Joint Agencies

Growth Opportunity 4: AI for Training and Simulation—Joint Agencies (continued)

Best Practices Recognition

Frost Radar

Benefits and Impacts of Growth Opportunities

Next Steps

Take the Next Step

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

In this study, Frost & Sullivan overviews the United States (US) defense training and simulation industry, highlighting growth drivers, restraints, and opportunities. The study also provides a forecast with future spending estimates and insight into some notable programs. In addition, it analyzes current trends and identifies some companies to watch. The US Department of Defense s (DoD) budget for FY2024, approved by the US Congress, will be slightly affected by inflation, which will limit spending capacity for training and simulation technology. However, future investment in this area will be guaranteed by long-term programs and multi-year contracts. Instead of investing in research and development projects to create products from scratch, the DoD frequently relies on readily available commercial training and simulation solutions. This approach allows it to accelerate procurement and delivery of these solutions to military forces. However, the 2024 presidential election is likely to impact budget negotiations. Depending on which political party wins, defense spending may change, which, in turn, could create uncertainty within the defense training and simulation industry.
More Information
Deliverable Type Market Research
Author Sol Ipuche
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Podcast No
Predecessor K406-01-00-00-00
WIP Number K9C2-01-00-00-00