MilSim Asia: Simulation growth slow in Asia Pacific
The Asia-Pacific market for military training and simulation is predicated to change significantly in coming years, although its value will only grow gradually.
In 2014 the region accounted for 12.5% of global spending on military simulation and training, or approximately $1.001 billion. This is expected to grow slowly to 14.3% of the international market by 2023, or $1.157 billion. It must be noted that China and North Korea are absent from these figures due to a paucity of reliable data from these countries.
Wayne Plucker, director of the North America aerospace and defence segment of Frost & Sullivan, observed: ‘The
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