Radar Simulator Market Revenue Analysis and Regional Share, A...

Radar Simulator Market Revenue Analysis and Regional Share, A Detailed Study by 2030

Posted 2023-08-24 10:34:57

Radar Simulator Market

Radar Simulator Market Size was valued at USD 17.2 billion in 2022. The Radar Simulator market industry is projected to grow from USD18.232 Billion in 2023 to USD 25.8624 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023 - 2030).

Since World War II, radar has been considered as an integral part of any defense inventory. Radar technology is used for tracking and detecting the movement of intruders from air, land, or sea. These radars assist in providing the range, angle, and velocity of an object. The introduction of 3D radar technology and rise in the use of unmanned aerial vehicles (UAVs) are the major factors boosting the market growth for radar simulator, globally.

The factors driving the growth of the market are the emergence of modern warfare systems and affordability of simulator training. However, the high cost of radar systems is hampering the market growth. The opportunities for this market are increasing R&D activities in the field of military simulation and increasing defense expenditure in emerging economies.

North America is expected to grow substantially in the global Radar Simulator Market Trends during the forecast period. Since North America is the base for major companies, such as Buffalo Computer Graphics, Cambridge Pixel Ltd, Harris Corporation, Mercury Systems, Inc., the market is expected to grow in this region. Moreover, countries such as the US and Canada are expected to have significant growth during the forecast period. The Middle East & Africa and Europe show prominent growth rate due to the fast-paced growth in the aviation sector. As a result, the market growth for radar simulator will rise during the forecast period.

Key Players

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

Market Segmentation

Product

· System Testing

· Operator Training

Application

· Military

· Commercial

Component

Hardware

Software

Platform

· Airborne

· Marine

· Ground

By Regions

· North America

· Europe

· Asia-Pacific

· Middle East & Africa

· Latin America

Scope of the Report:

This study provides an overview of the global Radar Simulator Market Share, tracking four market segments across five regions. The report studies the key players, providing a five-year annual trend analysis that highlights market size, volume, and share in North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years in each region. The study segments the global radar simulator market by product, application, platform, component, and region.

Table Of Contents

1 Executive Summary

2 Scope of The Report

3 Market Landscape

4 Market Dynamics

5 Global Radar Simulator Market, By Product

6 Global Radar Simulator Market, By Application

7 Global Radar Simulator Market, By Component

8 Global Radar Simulator Market, By Platform

9 Global Radar Simulator Market, By Region

10 Competitive Landscape

11 Company Profiles

Radar Research Report Information By Type (System Testing and Operator Training), By Platform (Military and Commercial), By Component (Hardware and Software), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030

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