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Advanced Technologies Will Produce Cost and Time Efficiencies by Providing High-Quality Training When and Where Needed
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The US armed services are beginning to see the benefits of mixed reality training; however, more funding needs to be dedicated to researching and developing the optimal mix of virtual and live training to maximize cost efficiencies. Demand for increasingly complex and realistic virtual environments, immersive virtual training, and distributed learning programs to provide required training in the right place and at the right time continues to drive innovation. US defense contractors must strive to innovate through research investments or synergistic partnerships, especially with commercial companies that specialize in software development, to maintain an edge on competitors. As technology advances, especially in the area of virtual training, competition will continue to increase. This study provides a wealth of information about current and future trends that will shape tomorrow’s military training processes and programs.Research Scope:The total Department of Defense (DoD) training and simulation market size, based on the 2017 President’s budget (PB), is provided for the fiscal year 2016. In addition, estimates for the addressable portion of the DoD training and simulation through 2021 are calculated and presented due to the fact that a large portion of funding pays for training personnel and infrastructure. Estimates and competitive landscape information includes:• Factors driving demand for training and simulation products and services• Factors restraining demand for training and simulation products and services• Training and simulation product and services trends• Training and simulation contract obligations by market segment• Leading defense contractors and programs in each DoD training and simulation market segment• Strengths, weaknesses, opportunities, and threats (SWOT) evaluations of the leading companies in the market• Perspectives on various market issues that provide insights for executive level decision-makingQuestions this study will answer:• Is the DoD training and simulation market growing, how long will it continue to grow, and at what rate will it grow?• What segments, programs, and services make up the market?• What are the most significant drivers, restraints, and trends?• What companies are leading the DoD training and simulation market and in which segments?• What are the top programs in the DoD training and simulation market?• What technologies will be emphasized as the market continues to mature?This study also contains an evaluation of significant growth opportunities within the DoD training and simulation market based on trends and supported by a collection of market insights. Strategic imperatives, for executives to consider when deciding whether to act on the listed growth opportunities, are highlighted as well.
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