Key Players
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).
As per Market Research Future (MRFR) analysis, the global radar simulators market is expected to register 6% CAGR from 2018 to 2025 (forecast period). The study on the global market for radar simulators offers useful insights into the potential prospects of radar simulators. The study assesses the different parameters expected to affect the growth of the radar simulator market over the forecast period, including current developments, the regulatory environment, and the changing policy structure across regions. The impact of the COVID-19 pandemic on the global market for radar simulators is also reviewed in the study.
Radar simulators are built-in software and hardware. Hardware simulates the control room of aircraft, naval ships, and ground-based radar stations. Software solutions are installed mainly on computer systems to maximize the use of hardware. Simulators replicate real-life radars and dynamics for users to train in an artificial environment for system or functional testing.
Market Dynamics
Significant factors for the global demand for radar simulators include the affordability of simulator training and the advent of modern warfare systems. The complexity of radar simulators and issues related to the development of customer-centric products are expected to hinder the growth of the industry. However, increasing military simulation R&D activities and growing defense spending in emerging economies are expected to generate growth opportunities for market players.
Segmentation
The global market for radar simulators is segmented by product, platform, component, and region.
Based on the product, the global market for radar simulators is segmented into SY stem testing and operator testing.
Depending on the component, the global market for radar simulators is divided into hardware and software. The segment for hardware is estimated to be the largest segment in the forecast period. Growth can be due to increasing complexity in simulating real-time scenarios. Moreover, the demand for skilled and trained military personnel is expected to fuel the market development.
Depending on the platform, the global market is divided into military and commercial markets. The military segment is anticipated to exhibit the highest CAGR during the forecast period, due to the advent of modern warfare systems, such as electronic warfare and network-centric warfare, which require radar simulators for functional testing.
Region-wise, the global market for yoga mat has been segmented into North America, the Asia Pacific, Europe, the Middle East & Africa, and Latin America.
North America dominated the market for radar simulators in 2018 due to the growing usage of military radar simulators in the region. The region is leading the global market in terms of technological advancements and spending on military technologies. The US is estimated to contribute the highest demand for commercial radar simulators. The regional market is dominated by the United States, which is also the largest manufacturer of radar simulator systems. Canada has also made significant investments in the development of radar systems.
Europe is the second-largest revenue market. Countries such as the United Kingdom, Germany, and France have a high presence of key manufacturers, which are expected to push the market growth.
The Asia Pacific is reported to witness the highest CAGR during the forecast period. Manufacturers in the area are using cost-effective manufacturing techniques to build radar simulators. The increasing adoption of radar simulators in countries such as China, India, and Japan are expected to make a significant contribution to regional market development.
Full Report@ https://www.marketresearchfuture.com/reports/radar-simulator-market-6697