Radar Simulator Market estimated to grow at a CAGR of 5.2% in the forecast period (2020-2025)

The report on the Radar Simulator Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2020-2025. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Radar Simulator Market is expected to inflate at a CAGR of 5.2% by the forecast period (2020 – 2025).

Radar Simulator Market - Snapshot
Growth 5.2% for the next five years
Major Product Type Operator training
Major Application Type Military
Dominant Component Type Hardware
Region with the highest demand North America
Key Players 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.

Table Of Contents: https://www.stratviewresearch.com/toc/582/radar-simulator-market.html

Highlights of the Report:
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.

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.

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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Key Players of the 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.

Features of the Report
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.