Radar Simulator Market Growth & Share by 2031
The radar simulator market size is projected to reach US$ 3.48 billion by 2031 from US$ 1.91 billion in 2023. The market is expected to register a CAGR of 7.8% during 2023–2031. Increasing deployment of advanced warfare systems is likely to remain a key trend in the market.
Radar Simulator Market Analysis
The major stakeholders in the global radar simulator market ecosystem include raw material & component providers, radar simulator manufacturers and developers, system integrators, and end users. Component and hardware providers offer numerous parts and components for radar simulator manufacturers. Different types of components are used to manufacture radar simulators, including antenna, receivers, waveform generators, and microcontrollers. The timely supply of all these components is crucial for efficient operation across radar simulator manufacturing plants. Thus, any operational impact on these component providers directly impacts the radar simulator market.
Radar Simulator Market Overview
The major stakeholders in the value chain are the radar simulator manufacturers and software developers. They offer the final integrated product to the end-use sectors. The major players operating in the market include Collins Aerospace; L3Harris Technologies, Inc.; Mercury Systems, Inc.; Ultra Electronics Holdings plc; and ARI Simulation. The system integrators operating in the market integrate the hardware and software solutions to offer the end-product to the end-users in the global radar simulator market.
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Radar Simulator Market: Strategic Insights
Market Size Value in US$ 1769.86 Million in 2021 Market Size Value by US$ 2428.34 Million by 2028 Growth rate CAGR of 4.9% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
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Radar Simulator Market: Strategic Insights
| Market Size Value in | US$ 1769.86 Million in 2021 |
| Market Size Value by | US$ 2428.34 Million by 2028 |
| Growth rate | CAGR of 4.9% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
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Radar Simulator Market Drivers and Opportunities
Escalating Procurement of Radar Simulator among Military Forces
The concerns regarding security in public places, national borders, and on the land, naval ports and air force bases are increasing continuously across the world. To effectively manage and control airborne or naval, or ground threats with the help of radar systems have become an important paradigm for the military and security authorities of every region across the globe. Radar systems and radar simulators are increasingly gaining adoption traction to ensure the safety of military operations and personnel as well as efficient training for radar operators. Radar simulators are being procured by many countries such as the US, China, India, Japan, Australia, Canada, Germany, France, and the UK among others to strengthen their respective military forces to train operators to combat the threats from advanced air strikes that occur on a frequent basis. Radar simulators further help military officials devise counter plans in case of attacks from unidentified threats. Radar simulator procurement has increased in the military sectors across various countries and governments in these countries are proposing higher military spending budgets to help the military and defense sectors to procure more advanced radar systems and radar simulators.
The Demand for Skilled and Trained Radar Operators
The rise of modern air traffic control towers and advanced military technologies has created an increasing demand for operators that are capable of operating with modern-day on-ground aircraft-related equipment and 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 high investment for the development and research of radar simulation technology. This has given rise to the demand for highly skilled and trained radar operators across airports, air force base stations, naval ships, military cargo vessels, and naval ports. The fact that this demand is expected to increase in the coming years presents a huge growth opportunity for the key market players as well as the overall radar simulator market in the coming years. As the aerospace and defense sectors are expected to grow during the forecast period, this is expected to further boost the demand for skilled, trained, and experienced radar operators to safeguard the airspace, waterways, and land borders of countries. Hence, the demand for skilled and trained radar operators across commercial and defense aviation sectors coupled with naval forces and military ground forces is anticipated to propel the radar simulator market during the foreseeable future.
Radar Simulator Market Report Segmentation Analysis
Key segments that contributed to the derivation of the radar simulator market analysis are component, system, and application.
- Based on component, the radar simulator market is segmented into hardware and software. The hardware segment held a larger market share in 2023.
- Based on system, the radar simulator market is segmented into system testing and operator training. The operator training segment held a larger market share in 2023.
- Based on application, the radar simulator market is segmented into military and commercial. The commercial segment held a larger market share in 2023.
Radar Simulator Market Share Analysis by Geography
The geographic scope of the radar simulator market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the market in 2023 followed by Europe and Asia Pacific regions. Further, Asia Pacific is also likely to witness highest CAGR in the coming years. The US dominated the North America radar simulator market in 2023. This is mainly due to the early adoption of the radar simulator technology. Additionally, the US has the largest defense budget in the world and a large amount of budget is contributed towards the adoption and procurement of upgraded weapons systems. This contributes towards the demand for radar simulators across the country. The rising number of aircrafts across the US air force and military also acts as a supporting factor for the market growth in the country. Growing utilization of radar simulators for accurately simulating real-world terrain as well as weather patterns and targets across the US is also driving the market growth in the country. The rising demand for new and advanced radar simulators in the US is a major factor driving the growth of the market. Also, radar simulators that offer the capabilities for weather radar simulation are also gaining popularity in the US. Widespread use of radar simulators for commercial training and teaching purpose of pilots and air support staff has been on the rise in the country. Further, the adoption of radar simulators for creating complex multi-radar, multi-target simulations, thereby allowing systems to be tested of RADAR data also boosts the market growth in the US. The presence of various key market players such as Cambridge Pixel Ltd (US), Harris Corporation (US), Buffalo Computer Graphics (US), Mercury Systems, Inc. (US), Textron Systems (US), and Rockwell Collins (US) helps the market growth in the country.
Radar Simulator Market Report Scope
Radar Simulator Market News and Recent Developments
The radar simulator market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the radar simulator market are listed below:
- The COBRA Radar Environment Simulator (CRES) Contract has been signed between HENSOLDT Sensors GmbH and OCCAR on behalf of Germany and France. (Source: OCCAR, Press Release, Jun 2021)
- Micro Nav is proud to announce the award of a contract from NATS to provide BEST Tower and Radar simulation capabilities across Aberdeen, Glasgow, and Southampton airports. The contract includes upgrading the existing BEST 2D Tower systems at Aberdeen and Glasgow airports to 3D tower simulator capability and providing a completely new BEST 3D Tower simulator at Southampton airport. (Source: Micro Nav, Press Release, Aug 2023)
Radar Simulator Market Report Coverage and Deliverables
The “Radar Simulator Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Radar simulator market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Radar simulator market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed porter’s five forces analysis
- Radar simulator market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the radar simulator market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, System, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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
North America region dominated the radar simulator market in 2023.
Increasing demand of air traffic control radar simulators and escalating procurement of radar simulator among military forces are some of the factors driving the growth for radar simulator market.
Increasing deployment of advanced warfare systems is one of the major trends of the market.
Adacel Technologies Limited, ARI Simulation, Buffalo Computer Graphics, Cambridge Pixel Ltd, L3Harris Technologies Inc, Mercury Systems Inc, Micro Nav Limited, Collins Aerospace, Textron Systems Inc, and Ultra Electronics Inc, are some of the key players profiled under the report.
The estimated value of the radar simulator market by 2031 would be around US$ 3.48 billion.
The radar simulator market is likely to register of 7.8% during 2023-2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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.
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