HOME Press Releases Radar Simulator Market worth 2.85 Billion USD by 2022

Radar Simulator Market worth 2.85 Billion USD by 2022

According to the new market 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 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. 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.

Browse 69 Market Data Tables and 45 Figures spread through 137 Pages and in-depth TOC on "Radar Simulator Market - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.

Operator training segment is projected to lead during the forecast period.

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.

Military segment is projected to grow at a higher CAGR during the forecast period.

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 expected to dominate the radar simulator market in 2017.

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.

Asia Pacific is projected to be the fastest-growing market for radar simulators during the forecast period.

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.

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).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Rohan
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support

US : 1-888-600-6441

Search reports