According to the new research report on "Radar Simulator Market Forecast to 2028 – COVID-19 Impact and Global Analysis," published by The Insight Partners, the radar simulator market is expected to reach US$ 2,428.34 million by 2028, registering a CAGR of 4.9% from 2022 to 2028.
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 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 radar simulator market is segmented into military and commercial.
The List of Companies - Radar Simulator 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 Corporation, Ultra Electronics Inc.
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Key Findings of Study:
Concerns regarding security of public places, national borders, and land and naval ports as well as air force bases are increasing continuously across the world. Effectively managing and controlling 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 countries across the world. Radar systems and radar simulators are increasingly gaining traction to ensure the safety of military operations and personnel as well as efficient training for radar operators.
In the US, China, India, Japan, Australia, Canada, Germany, France, and the UK, among others, radar simulators are being employed to strengthen military forces for training operators to combat the threats from advanced airstrikes, which may occur frequently. Radar simulators further help military officials to devise counter plans against 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 procure more advanced radar systems, along with radar simulators. This is augmenting the radar simulator market size. For instance, in June 2020, Dynetics, agreed into a deal to manufacture and supply radar simulators to the US Air Force and the Department of Defense. Further, in October 2021, Lockheed Martin signed a contract with the US Air Force to deliver radar threat trainer/simulators. Thus, the increasing military procurement of radar simulators are driving the radar simulator market growth.
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