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Research and Markets: Indian Sea Training and Simulation Market Assessment

Thursday July 2, 05:40 AM

Research and Markets (http://www.researchandmarkets.com/research/93add6/indian_sea_trainin) has announced the addition of Frost & Sullivan's new report "Indian Sea Training and Simulation Market Assessment" to their offering.
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.
Key Topics Covered:
Executive Summary
Market Engineering Research Methodology
Market Segmentation
Industry Challenges, Market Drivers and Market Restraints
Market Forecasts
Market Analysis
Indian Navy Projects and Procurement Scene
Strategic Conclusions and Recommendations
About Frost & Sullivan
For more information visit http://www.researchandmarkets.com/research/93add6/indian_sea_trainin.

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