MUMBAI, India - The air training and simulation market in India is at a growth stage. The market will experience steady expansion as a result of the modernisation programme of the Indian armed forces, 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.
New analysis from Frost & Sullivan (www.aerospace.frost.com), Indian Air Training and Simulation Market Assessment, finds that the market will grow at a compound annual growth rate (CAGR) of 6.5 per cent from 2009 to 2017.
If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Ravinder Kaur/ Amrita Nandi, Corporate Communications, at ravinder.kaur@frost.com/ amritan@frost.com with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.
“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 Frost & Sullivan Research Analyst Srinivas Sishtla. “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, 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 Armed Forces’ 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 Sishtla. “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 military and paramilitary forces 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.
Indian Air Training and Simulation Market Assessment is part of the Defence Growth Partnership Service programme, which also includes research in the following markets: Indian Defence Market, Indian Land-based Training and Simulation Market and, Indian Sea Training and Simulation Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company’s Growth Partnership Service provides the CEO and the CEO’s Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents. To join our Growth Partnership, please visit www.frost.com.
www.frost.com
Indian Air Training and Simulation Market Assessment M36E
Contact: Ravinder Kaur Corporate Communications - South Asia P: +91-44-42044760 F: +91-44-24314264 E: ravinder.kaur@frost.com Amrita Nandi Corporate Communications - South Asia P: +91-22-4001-3424 F: +91-22-2832-4713 E: amritan@frost.com Tanu Chopra Corporate Communications - Middle East P: +91-22-4001-3437 F: +91-22-2832-4713 E: tanuc@frost.com
Source: Frost & Sullivan (India) Pvt. Ltd.
Contact: Ravinder Kaur, Corporate Communications - South Asia, P: +91-44-42044760, F: +91-44-24314264, E: ravinder.kaur at frost.com; Amrita Nandi, Corporate Communications - South Asia, P: +91-22-4001-3424, F: +91-22-2832-4713, E: amritan at frost.com; Tanu Chopra, Corporate Communications - Middle East, P: +91-22-4001-3437, F: +91-22-2832-4713, E: tanuc at frost.com
Related Press Releases
New Aircraft Procurement Offers Sizeable Potential in the European Air ISR Command and Control Market, Says Frost & SullivanSeptember 6th, 2009 LONDON -
Spurred by EDA (European Defence Agency) and NATO (North Atlantic Treaty Organization) requirements, Europe's armed forces continue to upgrade and expand their defence systems. Because C2 systems are vital troop components that require regular procurement and consistent upgrades, the highly competitive air intelligence, surveillance and reconnaissance (ISR) command and control (C2) market will continue to grow, both in Europe and globally.
Frost & Sullivan Trains Hotel Security Managers to Fend off Terrorist ThreatsAugust 23rd, 2009 LONDON -
Frost & Sullivan, the Growth Partnership Company, has joined forces with international security experts, the SDS Group Ltd., to develop tailor-made hotel training courses for hotel security managers and other staff who may be called upon to respond effectively in the event of a terrorist attack. (Logo: www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)
The training courses build upon and significantly expand the advice generally supplied to hotels by police and government authorities around the world.
Emergence of Newer Drug Classes to Treat Diabetes and Co-morbidities Key to Market Expansion, Reveals Frost & SullivanAugust 18th, 2009 LONDON -
Increasing knowledge related to the pathology of diabetes will support the introduction of improved drugs to treat the disease. As healthcare moves towards the ideal of preventive medicine, there are a few companies conducting research on diabetes vaccines.
Frost & Sullivan: Modernisation Programmes to Swell Opportunities for Overseas and Private Participants in the Indian Sea Training and Simulation MarketAugust 2nd, 2009 MUMBAI, India - 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.
Indian Commercial Vehicle Market Throws up Substantial Opportunities for Telematics, Finds Frost & SullivanJuly 19th, 2009 MUMBAI, India - Although the Indian market for telematics in commercial vehicles, is highly lucrative, it is also a challenging one. Telematics companies must not only figure out a way to successfully bring the product to this highly fragmented market, but will also have to deal with the job of convincing customers to buy them.
Unprecedented Gathering of Renowned Soldier Modernisation Programme Managers and Researchers at Soldier Modernisation Middle East 2009, Abu DhabiJuly 18th, 2009 ABU DHABI, United Arab Emirates - The 2nd Soldier Modernisation Middle East will be held from 18th to 21st October 2009 at the Armed Forces Officers Club in Abu Dhabi. Here, leading programme managers and key experts from renowned science and technology organisations will gather to update the Middle East's key defence stakeholders on the latest findings from their trials and validations as well as innovative strategies to advance the combat capabilities of the modern soldier.
New Opportunities Unfold for Participants in the Indian Airport Infrastructure Market, Finds Frost & SullivanJune 21st, 2009 MUMBAI, India - Large scale improvisation and expansion in the Indian airport infrastructure market coupled with active government support for private participants, particularly in Greenfield projects, has enabled the sector to take huge strides forward. Observations indicate that long term prospects for both private participants and the country look promising.
Generic Pharmaceuticals Offer Exciting Growth Opportunities in Tanzania, Reveals Frost & SullivanApril 15th, 2009 CAPE TOWN, South Africa - The pharmaceuticals market in Tanzania presents significant growth opportunities for local companies. Generic drug production is driving prices down, resulting in higher uptake.
Waste Management in India Gets a Leg up From Government Policies, Finds Frost & SullivanApril 9th, 2009 MUMBAI - The availability of skilled resources has powered industrial expansion, and consequently, has fuelled consumerist lifestyles across all income groups in India. The hospitality, electrical, and electronics sectors have also grown at a fast clip, generating large amounts of waste that must be tackled in an environmentally sound manner.
Current Power Crisis in West Africa Presents a Lucrative Market for IPPs, Finds Frost & SullivanApril 5th, 2009 CAPE TOWN, South Africa - West Africa urgently needs additional power generation capacities to meet the rising and suppressed demand for power. The region has abundant natural resources, which power producers can easily transform into energy.
Related News
Robust growth seen in Indian aviation supplies marketMay 6th, 2009 NEW DELHI - India's civil aviation suppliers market, including components and maintenance, is seen growing annually at 16.1 percent over the next five years to top $3.89 billion, says a new research by a global consultancy. 'Low manufacturing and labour costs are expected to boost outsourcing to India.
Government committed to modernising armed forces: PresidentFebruary 11th, 2009 NEW DELHI - Saluting India's armed forces for 'their sense of commitment, sacrifice and professionalism', President Pratibha Patil Thursday said the government 'stands committed' to provide financial support for their modernisation. 'Our armed forces have made the country proud with their sense of commitment, sacrifice and professionalism.
IIT Delhi to hone marketing skills at tourism ministryAugust 3rd, 2009 NEW DELHI - The tourism ministry has, for the first time, organised a three-day training programme for its overseas officials by experts at the Indian Institute of Technology (IIT) Delhi in an effort to sharpen their marketing skills. Talking about the programme, Tourism Minister Kumari Selja said Monday that the ministry's officials will be trained to promote India better.
Antony takes charge as defence ministerMay 25th, 2009 NEW DELHI - A.K. Antony Monday took charge as defence minister for the second time amid increasing security concerns in the country's neighbourhood and cited infrastructure development in the northeast and border areas, modernisation of the armed forces and welfare of the troops as his priority.
Antony hopes for hike in 2009-10 defence budgetFebruary 10th, 2009 BANGALORE - Defence Minister A.K. Antony Wednesday hoped that the defence budget for fiscal 2009-10 beginning April 1 would rise despite the recession the Indian economy was going through.
Malaysian army wives urged to join slimming programmeMarch 24th, 2009 KUALA LUMPUR - The wives of Malaysian Armed Forces' officers were urged to join a slimming programme to draw the attention of their husbands, a news report said Tuesday. The recently launched programme, which roughly translates to 'From fat, frumpy and lumpy to slim, fashionable and glamorous', was aimed at giving make-overs to the women, organiser Rositah Mohamad Mawi was quoted as saying by the official Bernama news agency.
Blacklisting of firms to hit artillery modernisation: Army chiefJune 12th, 2009 NEW DELHI - Blacklisting of Singapore Technology along with six other defence firms on charges of bribery would delay the process of artillery modernisation in the Indian Army, Gen Deepak Kapoor admitted Friday. The development is of particular concern as the army has not been able to purchase a single gun in the last 23 years.
UAE foundation trains entrepreneurs in BahrainAugust 15th, 2009 DUBAI - An educational foundation in the United Arab Emirates (UAE) has launched a training programme for young entrepreneurs in Bahrain to help them identify market needs and understand best business practices, WAM news agency reported Saturday. The Mohammed bin Rashid Al Maktoum Foundation has launched the programme in collaboration with the Bahrain Development Bank and its affiliate Bahrain Business Incubator Centre.
Kolkata airport modernisation to be launched on MondayDecember 28th, 2008 KOLKATA - Civil Aviation Minister Praful Patel will inaugurate the modernisation project of the Netaji Subhash Chandra Bose International Airport here Monday evening. The total cost of the project is around Rs.16.02 billion (Rs.1,602 crore).
Israeli firm's blacklisting impacts Indian armed forces' modernisationJune 10th, 2009 NEW DELHI - The blacklisting of an Israeli armaments' firm and six other companies on corruption charges will adversely impact the modernisation drive of the Indian armed forces as finding alternative suppliers could prove difficult, officials say. All dealings with Israeli Military Industries (IMI) were temporarily put on hold June 5 after its name surfaced in a Central Bureau of Investigation (CBI) case against the retired chairman of the Ordnance Factory Board Sudipta Ghosh.
