Aug 30, 2017, 12:30 ET
PUNE, India, August 30, 2017 /PRNewswire/ --
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", published by MarketsandMarkets™, the 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.
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Browse 49 Market Data Tables and 69 Figures spread through 128 Pages and in-depth TOC on "Radar Simulator Market - Global Forecast to 2022"
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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.
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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.
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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).
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