Growth Opportunities in the US Defense Training and Simulation Industry, 2024 2029

Commercial Technology Scaling and Long-term Contracts will Ensure Program Sustainability

In this study, the publisher overviews the United States (US) defense training and simulation industry, highlighting growth drivers, restraints, and opportunities. The study also provides a forecast with future spending estimates and insight into some notable programs. In addition, it analyzes current trends and identifies some companies to watch.

The US Department of Defense’s (DoD) budget for FY2024, approved by the US Congress, will be slightly affected by inflation, which will limit spending capacity for training and simulation technology. However, future investment in this area will be guaranteed by long-term programs and multi-year contracts.

Instead of investing in research and development projects to create products from scratch, the DoD frequently relies on readily available commercial training and simulation solutions. This approach allows it to accelerate procurement and delivery of these solutions to military forces.

However, the 2024 presidential election is likely to impact budget negotiations. Depending on which political party wins, defense spending may change, which, in turn, could create uncertainty within the defense training and simulation industry.