The radar simulator market is estimated to register a CAGR of more than 6% during the forecast period from 2018 to 2023.
Since World War II, radar has been considered as an integral part of any defense inventory. Radar technology is used for tracking and detecting the movement of intruders from air, land, or sea. These radars assist in providing the range, angle, and velocity of an object. The introduction of 3D radar technology and rise in the use of unmanned aerial vehicles (UAVs) are the major factors boosting the market growth for radar simulator, globally.
The factors driving the growth of the market are the emergence of modern warfare systems and affordability of simulator training. However, the high cost of radar systems is hampering the market growth. The opportunities for this market are increasing R&D activities in the field of military simulation and increasing defense expenditure in emerging economies.
North America is expected to grow substantially in the global radar simulator market during the forecast period. Since North America is the base for major companies, such as Buffalo Computer Graphics, Cambridge Pixel Ltd, Harris Corporation, Mercury Systems, Inc., the market is expected to grow in this region. Moreover, countries such as the US and Canada are expected to have significant growth during the forecast period. The Middle East & Africa and Europe show prominent growth rate due to the fast-paced growth in the aviation sector. As a result, the market growth for radar simulator will rise during the forecast period.
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The key players in the radar simulator market are AAI Corporation (US), Acewavetech (South Korea), Adacel Technologies Limited (Australia), ARI Simulation (India), Buffalo 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).
Scope of the Report:
This study provides an overview of the global radar simulator market, tracking four market segments across five regions. The report studies the key players, providing a five-year annual trend analysis that highlights market size, volume, and share in North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years in each region. The study segments the global radar simulator market by product, application, platform, component, and region.