|May 2012||133||Frost & Sullivan||ASDR-28166|
In this research service, it is predicted that despite implementation of defence budget reductions in many countries, the military training and simulation market will increase during the forecast period. The market will have an overall growth as training and simulation activities will be increasingly outsourced to private companies during the forecast period. The United States continues to be the most lucrative market for military training and simulator suppliers, particularly for air platforms. However, the highest percentage growth of the market will be noticed in APAC and the Middle East countries.
The global economic crisis is forcing austerity measures on defence budgets in most European and North American countries.