Radar Simulator Market to reach $2.85 billion by 2022


Posted September 19, 2019 by razi12

The radar simulator market is projected to grow from USD 2.21 Billion in 2016 to USD 2.85 Billion by 2022, at a CAGR of 4.36% from 2017 to 2022.

 
According to the new research report "Radar Simulator Market by Product (System Testing, Operator Training), Application (Commercial, Military), Component (Hardware, Software), and Region - Global Forecast to 2022", The radar simulator market is projected to reach USD 2.85 billion by 2022, at a CAGR of 4.36% from 2017 to 2022.



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The emergence of modern warfare systems such as electronic warfare and network-centric warfare and affordability against live radar training are going to boost the demand for radar simulators.



Based on product, the operator training segment of the radar simulator market is projected to grow at a higher CAGR from 2017 to 2022, owing to the increasing demand for electronic warfare and network-centric warfare systems. The demand for system testing is also going to increase with the demand for testing the fitness of radars in commercial and military sectors.



On the basis of application, the market has been segmented into military and commercial. The military segment is expected to have a higher CAGR due to the increasing demand for radar operator training with the emergence or modern warfare systems. The need to test radar systems is also expected to drive this segment.



Based on component, the hardware segment is estimated to dominate the radar simulator market in 2017. The hardware segment includes physical parts of a radar simulator. It includes transmitters, antenna, receivers, power supply, waveform generator, amplifier, micro controller, amplitude modulator, attenuator, matched filter, analog to digital converters, and signal processing units, among others. The increased complexity in simulating various real-time scenarios contributes to the dominance of this segment. Moreover, the affordability of simulator training is also an contributing factor in the growth of this market.



The radar simulator market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. The increase in passenger traffic and aircraft deliveries are the major reasons for the increasing need to train radar operators, which, in turn, will drive the market for radar simulator in this region.



Some of the major players operating in the radar simulator market include Adacel Technologies Limited (Australia), ARI Simulation (India), AceWavetech (South Korea), Buffalo Computer Graphics (US), Cambridge Pixel Ltd (US), Harris Corporation (US), Mercury Systems, Inc. (US), Rockwell Collins (US), Ultra Electronics Inc. (UK), Textron Systems (US), Presagis Canada Inc. (Canada), and Micro Nav Limited (UK).



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Categories Aerospace , Defense
Tags radar simulator market
Last Updated September 19, 2019