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. 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 Sea Training and Simulation Market Assessment, finds that the market will grow at a compound annual growth rate (CAGR) of 6.8 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 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 which can meet the aspirations of the Indian Naval & Maritime forces, advises Ratan Shrivastava, Director, Aerospace & Defence Practice, Frost & Sullivan
“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 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.
Indian Sea Training and Simulation Market Assessment is part of the Defence Growth Partnership Services programme, which also includes research in the following markets: Indian Defence Market, Indian Land-based Training and Simulation Market and, Indian Air 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.
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Indian Sea Training and Simulation Market Assessment M39A 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 www.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
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