Global Radar Simulator Market Poised to Witness an Above-Average Growth over 2023
Radar simulator is a new-age solution which an amalgamation of hardware and software. It is viewed as ground-breaking technology, which finds application in ships, aircraft and ground-based radar station. Simulators help of recreating radars and their dynamic – this enables users to apply predictive analytics on artificial environment. Radar simulator add new dimensions to radar training and functional as well as systems testing. There is a substantial market for radar simulators. As per the report published by Market Research Future (MRFR), the global radar simulator market is projected to exhibit 6% CAGR during the assessment period (2018-2023).
Radar technology is of high importance in modern warfare, its helps in detecting and tracking movement on land, air and sea. Intrusion of any unauthorised vehicle is detected using radar systems. Radar help in mapping the range, velocity and angle of an object. Modern radar systems are highly efficient, the integration of 3D technology is perceived as a crucial development.
Demand for robust radar support has escalated on account of the arrival of unmanned aerial vehicles (UAVs). This is viewed as major market driver. Other factors, that are influencing the market growth include adoption of new-age warfare systems and advances in simulator training. Market players are making headways in product innovation and are emphasising research & development efforts. The market is likely to benefit from the rising the defense outlay in emerging economies. Nevertheless, high cost continues to hinder product penetration.
Global Radar Simulation Market: Segmental Analysis
The segmental analysis of Radar Simulation Market has been conducted based in platform, application, product, and component.
On the basis of platform, the market has been segmented into ground, marine and airborne. On the basis of application, the market has been segmented into commercial and military. The military segment currently commands a considerable share of the market.
Radar simulator finds widespread military application. In addition, modernization of warfare systems coupled with the adoption of network-centric warfare and electronic warfare is fuelling the demand for radar simulators. On the basis of product, the market has been segment operator training and system testing. On the basis of component, the market has been segmented into software and hardware. The hardware segment currently holds the top position in terms of value. The segment is expected to remain highly profitable in the forthcoming years.
Global Radar Simulation Market: Regional Analysis
North America dominates the global radar simulator market. This is mainly owing to the high demand for military grade radar simulators. The US is the leading military spender in the wold and post a strong demand for radar simulator. Moreover, the use of radar simulator for commercial purposes is also increasing in the region. Presence of a large number of radar simulator manufacturer in the region puts it at a favourable position.
In Europe, countries such as the UK, Germany and France are expected to emerge as major contributors to the market during the assessment period. Presence of a vast aeronautics sector in the region offers tremendous market opportunities.
The APAC radar simulator market is also expected to exhibit strong growth during the forecast period. Industrial growth and demand for cost-effective technologies in manufacturing is opening windows of opportunities for the market players operating in the region.
Global Radar Simulation Market: Competition Analysis
Some of the top-notch companies discussed in MRFR’s report include ARI Simulation (India), Buffalo Computer Graphics (US), Adacel Technologies Limited (Australia), Micro Nav Limited (UK), Presagis Canada Inc. (Canada), AAI Corporation (US), Cambridge Pixel Ltd (US), Mercury Systems, Inc. (US), Ultra Electronics Inc. (UK), Acewavetech (South Korea), Rockwell Collins (US) and Harris Corporation (US).
Global Radar Simulator Market: Information by Product (System Testing and Operator Training), Platform (Military and Commercial), Component (Hardware and Software), and Region (North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America)—Forecast till 2025 @ https://www.marketresearchfuture.com/reports/radar-simulator-market-6697