RADAR Simulators - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global RADAR Simulators Market is accounted for $2.66 billion in 2019 and is expected to reach $4.35 billion by 2027 growing at a CAGR of 6.4% during the forecast period. Emergence of modern warfare systems and increased investments in R&D by automotive industry are the major factors driving the market growth. However, high cost of these systems is restraining the market growth.
Radar simulators are integrated software and hardware. Hardware simulates the control room of naval ship, aircraft, and ground-based radar stations whereas; software solutions are basically installed on PC to optimize the utilization of the hardware. Simulators recreate real-life radars and dynamics for users to train in an artificial environment for system or functional testing.
Based on component, the hardware segment is likely to have a huge demand due to the increased complexity in simulating different real-time scenarios with the need to provide best learning for operators and demand is the simulation of various warfare situations that requires imitating radar hardware. By geography, North America is going to have a lucrative growth during the forecast period due to presence of countries such as US and Canada and presence of some of the major manufacturers in the region.
Some of the key players profiled in the RADAR Simulators Market include Acewavetech , Adacel Technologies Limited , ARI Simulation, Buffalo Computer Graphics, Cambridge Pixel Ltd, Digilogic Systems Pvt Ltd, Ecs Federal Llc, General Atomics, Harris Corporation, Hi-Tech Bangla Inc, Kongsberg Gruppen, Mercury Systems Inc, Micro Nav Limited, Rockwell Collins, Textron Systems Corporation and Ultra Electronics Inc.
• Operator Training
• System Testing
• Marine Forces
• Commercial Ships and Aircrafts
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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