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Frost & Sullivan: Military Training, Simulation Market to Reach $20B by 2027

Frost & Sullivan: Military Training, Simulation Market to Reach $20B by 2027 - top government contractors - best government contracting event
Jeff Brody

A Frost & Sullivan report forecasts the military training and simulation market will grow from $9.28B to $19.65B by 2027, National Defense reported Monday.

The research firm predicted that commercial off-the-shelf offerings will potentially lower U.S. military training expenses and transform the market. It also noted that the military will focus on purchasing modern platforms and deploying warfighters in a move to augment combat readiness.

Alexander Clark, a research analyst for aerospace and defense at Frost & Sullivan, said virtual and augmented reality platforms will help expand the defense market's training technologies.

“The U.S. should look abroad where these technologies are rapidly maturing and have a proven track record of implementation within the defense industry and amongst armed forces,“ Clark said.

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