Military training and simulation market evolving toward LVC and TaaS models, study says
NewsJuly 18, 2019
SAN ANTONIO. The global military training and simulation (T&S) market is witnessing rapid transformation, primarily driven by the adoption of commercial off-the-shelf technologies, demand for interoperable live, virtual, and constructive (LVC) networked architectures and the prevalence of new business models such as Training-as-a-Service (TaaS), according to a new market study by Frost & Sullivan, "Global Military Training and Simulation Market, Forecast to 2027."
This shift away from traditional live methodologies towards a more blended environment and the prevalance of TaaS will combine to drive the military T&S market higher, from today's level of $9.28 billion, upward to a predicted $19.65 billion by 2027.
Study authors note that the militaries of several Western countries have already started implementing LVC visions in T&S, thereby facilitating the evolution of training environments through multiphased projects involving multiple defense and commercial industry participants; the adoption of virtual and constructive simulation is expected to increase during the forecast period. The study period will also see additional emphasis on blended synthetic architectures through LVC solutions and an increasing demand for LVC networked architectures that are interoperable with existing systems.
The Training as a Service (TaaS) model will increasingly become prevalent, especially in the air domain, which will open up market opportunities for new entrants that can leverage these novel business models rather than traditional T&S offerings.
For additional information on this report, visit the Frost & Sullivan website.
