Radar Simulator Market is expected to reach US$ 2,428.34 Million by 2028

Increasing Demand for Skilled and Trained Radar Operators to Provide Growth Opportunities for Radar Simulator Market During 2022–2028

According to our latest market study on "Radar Simulator Market Forecast to 2028 –Global Analysis – by Component, System, and Application," the market is expected to grow from US$ 1,769.86 million in 2021 to reach US$ 2,428.34 million by 2028; it is anticipated to grow at a CAGR of 4.9% from 2022 to 2028.

A rise in the number of modern air traffic control towers and advanced military technologies has created a high demand for operators that are capable of operating with modern-day on-ground aircraft-related equipment and other military technology. Radar simulators deal with large volumes of unprocessed radar signal data to uncover unidentified airborne threats, naval threats, or any other objects within the defined perimeters. There has been an increase in the adoption of radar simulators among the military and defense forces across various countries, which has triggered investments in the development and research of radar simulation technology. This also drives the demand for highly skilled and trained radar operators across airports, air force base stations, naval ships, military cargo vessels, and naval ports. With the continuous projected growth of the aerospace and defense sector, the demand for skilled, trained, and experienced radar operators to safeguard the airspace, waterways, and land borders of countries is likely to surge during the forecast period. Hence, the burgeoning demand for skilled and trained radar operators across commercial and defense aviation sectors, and naval forces and military ground forces is anticipated to propel the radar simulator market during the forecast period.

The radar simulator market in Europe further segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Well-established military & defense sectors are driving the demand for radar simulators across this region. According to a report published by SIPRI in 2021, the military spending in Europe was US$ 418 billion, and the funding was implemented for various projects focused on improving defense and radar systems across NATO allies and EU member states.

Government and defense enterprises in Europe are benefitted from the extended reach of advanced military technologies such as cloud computing integrated with software and hardware. In addition to these sectors, large military enterprises and airport authorities are widely deploying adopt radar simulators to manage training and enable periodic radar equipment testing to make critical decisions. Many defense organizations collect data from several radar systems and aircraft surveillance devices powered by the Internet of Things (IoT). Radar simulators are widely adopted for training operators by creating several scenarios that they encounter in real life while operating a radar system across. Government initiatives for the development of advanced military technology platforms are boosting the radar simulator market growth in Europe. Most of the countries in Europe allocated high budgets to defense because of the recent war between Russia and Ukraine; such budgets act as significant opportunities for radar simulator market players operating in European countries. The deployment of radar simulators aid visibility into real-time information from the data collected using simulation software, allowing with assisting in the monitoring of radar equipment and data sharing, thereby enhancing the defense security.

The radar simulator market analysis has been carried out on the basis of component, system, and application. Based on component, the radar simulator market is further segmented into hardware and software. On the basis of system, the radar simulator market is segmented into system testing and operator training. Based on application, the market is segmented into military and commercial.

Radar Simulator Market - by Geography, 2020

Adacel Technologies Limited; ARI Simulation; Buffalo Computer Graphics; Cambridge Pixel Ltd.; L3Harris Technologies, Inc.; Mercury Systems Inc.; Micro Nav Limited; Collins Aerospace; Textron Systems Corporation; and Ultra Electronics Inc. are among the key players profiled during this study on the radar simulator market. In addition, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the global radar simulator market and its ecosystem.

The impact of the COVID-19 pandemic on various industries, such as military, defense, aerospace, and manufacturing, has been severe. They are still trying to recover from the damage it caused. The impact on military, defense and aerospace industry halted the production and procurement of radar systems and its components as well as radar simulators and its components that directly impacted the radar simulator market size. The pandemic was the key reason for supply chain disruptions, loss of production, and declined revenue for several enterprises globally.

A few industries, such as e-commerce and IT & Telecom, were positively impacted by the pandemic. However, other industries, such as aviation, automotive, and hospitality, faced significant consequences from the outbreak. Companies operating in these industries had to make tough choices for sustaining during the pandemic and the post-pandemic recovery period. Since these industries were severely impacted, this further resulted in a negative impact on the radar simulator market.

Military spending decreased worldwide in 2020 due to the outbreak and the budget allotment for COVID-19 recovery programs in various countries. Many countries are still battling the pandemic and are planning strategies to get on the road to recovery.

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