The global Radar Simulator market size was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Radar Simulator Market is projected to grow from an estimated USD 2.51 billion in 2019 to USD 3.52 billion by 2027, at a CAGR 4.36% from 2020 to 2027.Key factors responsible for driving market revenue growth are increasing implementation of these solutions in business models and high demand for automation solutions across various industries worldwide.
Radar simulators are becoming more affordable than live training, a factor that is expected to drive the market. Another key factor that is anticipated to influence this market is the emergence of modern warfare systems.
The market has recorded an upsurge, owing to the increased adaptation of modern technologies for training personnel in commercial and military aircraft & ships. A radar simulator can either be a software solution or a combination of both software and hardware. It emulates various radars and imitates their working to provide users with an artificial and appropriate environment for radar training and functional or system testing.
Major Companies Profiled in The Report:
Adacel Technologies Limited (Australia), ARI Simulation (India), AceWavetech (South Korea), Bualo 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)
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Radar simulator mimics the variety of functions that are present in modern marine radars such as control over waterways, traffic density, sea state and weather conditions. Such factors are expected to accelerate the growth of the radar simulator market during the forecast period. Some features that provide highly realistic environmental features during training such as Target Data Display, Target Data Display, True and Relative Motion Displays, Roll and Pitch Effects, Set, and Drift Effects, among others, are important as they boost the growth of radar simulator market. Radar simulator is used in several applications, which include airborne applications where it is used for training the fighter pilots and radar operators and marine and ground applications
Segments covered in the report:
This report forecasts revenue growth at a global, regional, and country level and provides an analysis of the industry trends in each of the sub-segments from 2020 to 2027. For the purpose of this study, Reports and Data has segmented the market on the basis of type, application, and region:
By Type (Revenue, USD Million; 2017–2027)
- System Testing
- Operator Training
By Application (Revenue, USD Million; 2017–2027)
- Commercial
- Military
By Region (Revenue, USD Million; 2017–2027)
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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