Radar Simulator Market Size, Opportunities, Trends, Products, Revenue Analysis, For 2020–2028
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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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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