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Indian Sea Training and Simulation Market Assessment
Frost & Sullivan, Feb 2009, Pages: 43
The sea training and simulation market in India is in a growing stage. The major participants operating in the market are CAE-Macmet, Thales, ARI, BMT Consultants and Rheinmetall. There are other smaller companies operating in this market along with a number of software companies that cater to the software requirements of simulators. Simulators are available for different types of naval operations like tactics and command, ship/submarine navigation, weapon systems operations, engine room training, etc. The market for computerised wargaming and live training by non-state participants is yet to emerge.
Research Overview
This Frost & Sullivan research service titled Indian Sea Training and Simulation Market Assessment provides an overview of the total Indian sea training and simulation market. It provides an in-depth examination of the top three competitors in addition to tracking the progress of other market participants.
Market Overview
Modernisation Programmes Create Sea of Opportunity in the Indian Sea Training and Simulation Market
The sea training and simulation market in India is at the growth stage. The market will experience steady expansion as a result of the modernisation programme of the Indian Navy and Coast Guard, providing more opportunities to overseas as well as private participants. Policies for FDI and private sector participation will be more favourable over the long term. To gain greater market share, companies should design easily upgradeable and interoperable simulators.
“Currently, cost/safety/time benefits coupled with the modernisation programme of the Indian Armed Forces are the two most important factors driving this market,” notes the analyst of this research. “These factors will continue to be the most important drivers for the market over the long-term.”
The need for cost savings in terms of original equipment wear and tear, fuel and man-hours and soldier safety during training will boost market prospects. Moreover, the need for training arising as a result of the procurement of new military equipment under the modernisation programme of the Indian Armed Forces will have a significant impact on this market.
With the Indian Navy’s requirement of no cost–no commitment trials on full fledged simulators for technical evaluation and the lowest price preference, the biggest challenge is to manufacture low-cost, yet technologically advanced, simulators.
“For overseas as well as indigenous companies, strategic alliances like joint ventures, Memorandum Of Understandings/agreements, offset partnership are very significant,” advises the analyst. “Choosing the right company to forge an alliance with in terms of technical know-how, local market knowledge, brand image and past relations with the Indian Navy and Coast Guard will be a vital success factor.“ Indian software companies will also have a major role to play in this market. Their role will be as partners in designing and supplying software for simulators.
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