Radar Simulator Market Research Report - Global Forecast till 2027

Radar Simulator Market: Information by Product (System Testing and Operator Training), Platform (Military and Commercial), Component (Hardware and Software), and Region (North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America) - Global Forecast till 2028

ID: MRFR/A&D/5234-HCR | February 2023 | Region: Global | 100 Pages         

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Radar Simulator Market

Radar Simulator Market Is Estimated To Reach USD 24 Billion By 2028 It Is Projected To Grow at a CAGR Of 5% From 2022 To 2028.

Segmentation
By Product System Testing and Operator Training
By Platform Military and Commercial
By Component Hardware and Software
Key Players
Companies Profiled   AAI Corporation (US)    ARI Simulation (India)    Acewavetech (South Korea)    Buffalo Computer Graphics (US)    Cambridge Pixel Ltd (US)    Adacel Technologies Limited (Australia)    Harris Corporation (US)    Mercury Systems    Inc. (US)    Micro Nav Limited (UK)    Rockwell Collins (US)    Presagis Canada Inc. (Canada)    and Ultra Electronics Inc. (UK).
Drivers
Market Driving Forces   Market drivers    opportunities    trends    restraints    Porter’s five forces    supply chain    and value chain analysis
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Radar Simulator Market Scenario



Radar Simulator Market Is Estimated To Reach USD 24 Billion By 2028 It Is Projected To Grow at a CAGR Of 6% From 2022 To 2028. 


Radar simulators are integrated software and hardware. Hardware simulates the control room of naval ship, aircraft, and ground-based radar stations. Software solutions are primarily installed on computer systems to optimize the use of the hardware. Simulators recreate real-life radars and dynamics for users to train in an artificial environment for system or functional testing.



The radar simulator market is segmented based on product, platform, component, and region. Based on component, the market is divided into hardware and software. The hardware segment is expected to be the largest segment during the forecast period. The growth can be attributed to rising complexity in simulating real-time scenarios. Moreover, the demand for skilled and trained military personnel is expected to fuel market growth. Based on platform, the market is bifurcated into military and commercial. The military segment is expected to register highest CAGR during the forecast period, owing to the emergence of modern warfare systems, such as network-centric warfare and electronic warfare, which require radar simulators for functional testing.


The major drivers for the radar simulator market include the affordability of simulator training and the emergence of modern warfare systems. The complexity of radar simulators and issues in development of customer-centric products are expected to restrain the growth of the market. The increasing R&D activities in military simulation and growing defense expenditure in developing economies are expected to create growth opportunities for the players in the market.


 


Segmentation of the Global Radar Simulator Market 


North America dominated the radar simulator market in 2018, owing to the increased use of military radar simulators in the region. The region leads the global market in terms of technological advancements and expenditure towards military technologies. The US is expected to generate the highest demand for radar simulators for commercial purposes. The regional market is dominated by the US, which is also the largest manufacturer of radar simulator systems. Canada also made considerable investments in development of radar systems. Europe is the second-largest market in terms of revenue. Countries such as the UK, Germany, and France have a high presence of key manufacturers, which is expected to contribute towards market growth. Asia-Pacific is expected to register the highest CAGR during the forecast period. Manufacturers in the region are adopting cost-effective manufacturing technologies to develop radar simulators. The growing adoption of radar simulator in countries, such as China, India, and Japan, is expected to contribute significantly towards the regional market growth. Thus, the radar simulator market is estimated to witness a CAGR of more than 6% during the forecast period, 2018 to 2025.


Intended Audience of Radar Simulator Market



  • Airforce authorities

  • Radar component suppliers

  • Component providers

  • Regulatory bodies

  • Government authorities

  • Research institutes

  • Regulatory bodies


Key Players Included in Radar Simulator Market 


The key players operating in the global radar simulator market are AAI Corporation (US), ARI Simulation (India), Acewavetech (South Korea), Buffalo Computer Graphics (US), Cambridge Pixel Ltd (US), Adacel Technologies Limited (Australia), Harris Corporation (US), Mercury Systems, Inc. (US), Micro Nav Limited (UK), Rockwell Collins (US), Presagis Canada Inc. (Canada), and Ultra Electronics Inc. (UK).


Radar Simulator Market Research Methodology


The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.


Secondary Research


In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.


Primary Research


In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.


Key Insights



  • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments

  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region

  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis

  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook

  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions

  • Regional attractiveness and related growth opportunities


Report Customization MRFR offers report customization to valued customers. Below are the options available for customization: 

Company Profiles In-depth profiling of additional market players (3 to 4 companies) 


Country-Level Analysis Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)



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Frequently Asked Questions (FAQ) :

Radar Simulator Market Is Estimated To Reach USD 24 Billion By 2028 It Is Expected To Grow at a CAGR Of 6%

key players operating in the global radar simulator market are AAI Corporation (US), ARI Simulation (India), Acewavetech (South Korea), Buffalo Computer Graphics (US), Cambridge Pixel Ltd (US), Adacel Technologies Limited (Australia), Harris Corporation (US), Mercury Systems, Inc. (US), Micro Nav Limited (UK), Rockwell Collins (US), Presagis Canada Inc. (Canada), and Ultra Electronics Inc. (UK).

North America dominated the radar simulator market in During The Year