Radar Simulator Market to offer a healthy CAGR of 5.2% during 2020-25
February 13, 2020
Radar Simulator Market Overview:
Radar simulator market is likely to witness an impressive CAGR of 5.2% during the forecast period. The growing affordability of radar simulators over live training, along with the emergence of modern warfare systems is bolstering the global radar simulator market.
Report Overview:
This new report from Stratview Research analyses the Radar Simulator Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Radar Simulator Market Segment Insights:
Operator Training: The Market Leader
Based on the product type, the market is segmented as system testing and operator training. The operator training segment is estimated to lead the market, driven by the rising claim in various applications, such as navigation, search, weather monitoring, surveillance, fire control, and mission rehearsal, among a host of others.
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https://www.stratviewresearch.com/toc/582/radar-simulator-market.html
Dominance of: Military and Hardware
Based on the application type, the market is segmented as military and commercial. The military segment is anticipated to be the faster-growing segment in the coming five years. This growth can be majorly attributed to the development of modern warfare systems, such as electronic warfare and network-centric warfare, which call for radar simulators for their functional testing. Another significant factor that has influenced the high growth of this segment is the claim for skilled and trained military personnel.
Based on the component type, the market is segmented as hardware and software. The hardware segment is projected to be the faster-growing segment during the forecast period. The growing intricacies in simulating different real-time scenarios with the purpose to deliver best learning for operators signify the dominance of this segment. Another factor that is bolstering the growth of the segment is the simulation of different warfare scenarios, which needs imitating radar hardware.
A highly/moderately/fragment consolidated Market
Some of the major players in the radar simulator market are Adacel ASX, Acewavetech, ARI Simulation, Buffalo Computer Graphics, Cambridge Pixel Ltd., Harris Corporation, Mercury Systems, Inc., Micro Nav Limited, Presagis Canada Inc., and Rockwell Collins.
Regional Hegemony of North America
In terms of regions, the North American region was estimated to account for the largest share of the radar simulator market in 2018. The US and Canada are the growth engines of the region. North America is expected to maintain its dominance during the forecast period, owing to the regional presence of some of the giant radar simulator manufacturers, such as Cambridge Pixel Ltd (US), Harris Corporation (US), Buffalo Computer Graphics (US), Mercury Systems, Inc. (US), Textron Systems (US), Rockwell Collins (US), and Presagis Canada Inc. (Canada), among a host of others. Europe and Asia-Pacific are also expected to offer considerable growth opportunities in the coming five years.
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