Radar Simulator Market Size, Growth Report & Forecast to 2028

Radar Simulator Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware and Software), System (System Testing and Operator Training), and Application (Military and Commercial)

Publication Month : May 2022

  • Report Code : TIPRE00005422
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 152
Inquire Before Buy

PRICING

$4550

$3640

The radar simulator market is projected to reach US$ 2428.34 million by 2028 from US$ 1769.86 million in 2021; it is expected to grow at a CAGR of 4.9% from 2022 to 2028.

The aerospace and military sector has seen rapid growth over the last. Increasing investments in modern aircraft fleets by governments, coupled with several other socioeconomic factors, is fueling the demand for  air traffic control systems, which ultimately boosts the adoption of radar simulators. Air transport plays a critical role in a country’s economic growth. Most governments are emphasizing on the expansion of airports to catalyze their respective aviation sectors. Owing to this, several airports are being constructed or renovated (air traffic control tower, runway, terminal, and others). The growth/renovation of air traffic control towers is triggering the demand for radar simulators. For instance, in January 2022, the Air Navigation Solutions (ANSL) agreed to a contract with Marshall Aerospace at Cambridge City airport to provide a full Air Traffic Control Simulator and essential simulator training for the airport’s trainees. The growing modernization of aircraft and radar systems has driven the need for advancements in conventional radar simulators. Airline operators and air traffic control officers demand accurate, real-time radar information that helps pilots and operators to make accurate decisions.

Radar simulators are being installed at airports and training centers at all major airports across the world. In February 2019, the Qatar Civil Aviation Authority (QCAA) signed a contract with Micro Nav to design and deliver a 3D air traffic control tower simulator for Hamad International Airport. Radar simulators help enhance the efficiency of air traffic control operations, and consequently offer greater and the accurate testing of radar systems; they can also be used to conduct effective training of operators. Thus, this rising demand for air traffic control radar simulators from the airline and airport authorities is driving the radar simulator market

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Radar Simulator Market: Strategic Insights

radar-simulator-market
Market Size Value inUS$ 1769.86 Million in 2021
Market Size Value byUS$ 2428.34 Million by 2028
Growth rateCAGR of 4.9% from 2022 to 2028
Forecast Period2022-2028
Base Year2021
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst
– Radar Simulator Market

Impact of COVID-19 Pandemic on Radar Simulator Market 

The European military and defense sectors were hit hard by the high number of COVID-19 cases during 2020–2021. The pandemic also triggered a drop in the demand for civil aviation, which resulted in reduced air traffic and limited airport infrastructure growth in 2020. However, the radar simulator providers in Europe managed to acquire contracts related to radar simulators from various military forces worldwide. This enabled the market players to generate revenues and contribute to the radar simulator market growth. Nonetheless, the revenue generated in 2020 was less than that generated in 2019. In addition, there was a massive disruption in the supply chain across the region due to the lockdown measures, which further triggered a huge backlog of orders, and resulted in the loss of revenue for many large and small enterprises operating in the European radar simulator market. According to a report by the EU, the demand for aircraft and aerospace products decreased by 43% in 2020. Airlines have been struggling to recover from it ever since. This drop in demand has hampered the radar simulator market growth in the region.

Lucrative Regions for Radar Simulator Market

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Market Insights – Radar Simulator Market

North America dominated the radar simulator market in 2021 and is also expected to continue its dominance throughout the forecast period. The growth of the radar simulator market in North America is attributed to the rise in investments in radar simulator technologies owing to the increasing illicit activities. L3Harris Technologies, Inc.; Mercury Systems Inc.; Collins Aerospace; and Textron Systems Corporation are among the well-established players in the radar simulator market in North America.

Application-Based Insights

The radar simulator market, by application, is segmented as military and commercial. The military segment is expected register a highest CAGR during the forecast period. The development of new combat systems, such as electronic warfare and network-centric warfare, which require radar simulators for functional testing, is largely responsible for this expansion. The demand for qualified and trained military people is another important aspect contributing to the growth of the market for military applications. Radar simulators can be used to train fighter pilots and radar operators for handling airborne matters. They can also be used in training electronic warfare professionals in training centers for marine and ground combats.

The United States Air Force (USAF) has given Collins Aerospace Systems a 10-year contract extension to supply vital services for the E-8C Joint Surveillance Target Attack Radar System (JSTARS). This aircraft training system is housed at Robins Air Force Base and features full flight simulators and navigator training terminals.

The radar simulator market size is segmented based on component, system, application, and geography. Based on component, the radar simulator market size is segmented into hardware and software. Based on system, the radar simulator market is categorized into system testing and operator training. By application, the market is bifurcated into military and commercial. Based on geography, the radar simulator market is primarily segregated into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America. Collins Aerospace; Bae Systems plc.; TEXTRON Systems, L3Harris Technologies, Inc., and Leonardo SpA are among the key radar simulator market players.

Players operating in the radar simulator market are mainly focused on the development of advanced and efficient products.

  • In 2022, CLEARWISDOM SDN BHD (CLEARWISDOM) selected Micro Nav Limited to install its BEST (i.e., Beginning for End for Simulation & Training) ATC 3D tower and radar simulator at a new air traffic controller training center in Malaysia.
  • In 2022, Adacel Technologies Limited (Adacel), a global leader in advanced air traffic management solutions, and simulation and training systems, announced the completion of the acquisition of a new virtual Air Traffic Control (ATC) tower solution on February 24, 2022. Adacel achieved this significant milestone by entering into the rapidly expanding virtual ATC tower sector.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, System, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are the reasons behind radar simulator market growth?

Radar simulators are also placed at air force base stations to train pilots as well as operators to detect and report any threats to the air force and military base stations. Thus, the military forces , along with border security forces and paramilitaries, are procuring technologically advanced radar simulators various manufacturers. This factor is catalyzing the radar simulator market.

What are market opportunities for radar simulator market?

The rise in commercial as well as air force aircrafts along with military land clearance operations is driving the need for radar simulator market. Terrorists are using UAVs and targeting general civilians and public infrastructure. Restricting these terrorists is a challenge for the air force authorities, homeland security teams and defense forces. The installation of radar simulators for training police officers and homeland security force to operate radar system has become the priority of various governments across the globe. These factors are expected to create market opportunities for the market

Which component segment is expected to dominate the market in terms of 2021 market share?

The hardware segment led the radar simulator market with a significant share in 2020. It is further expected to dominate the market share over the forecast period.

Which region has dominated the radar simulator market in terms of 2021 market share?

The radar simulator market was dominated by North America, with more than 40% share in 2021 and will continue to dominate the market till 2028.

Which are the major companies in the radar simulator market?

The major companies in radar simulator market includes 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.

Which application segment is expected to dominate the market in terms of 2021 market share?

The commercial segment led the radar simulator market with more than 50% share in 2021. It is further expected to dominate the market over the forecast period.

The List of Companies - Radar Simulator Market

  1. Adacel Technologies Limited
  2. ARI Simulation
  3. Buffalo Computer Graphics
  4. Cambridge Pixel Ltd.
  5. L3Harris Technologies, Inc.
  6. Mercury Systems Inc.
  7. Micro Nav Limited
  8. Collins Aerospace
  9. Textron Systems Corporation
  10. Ultra Electronics Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Radar Simulator Market