DUBLIN--(BUSINESS WIRE)--The "North America Radar Simulator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component, System, and Application" report has been added to ResearchAndMarkets.com's offering.
The radar simulator market in North America is expected to grow from US$ 793.49 million in 2022 to US$ 1,032.70 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2022 to 2028.
There is a continuous rise in concerns regarding security at public places; national borders; and navy, land, and air force bases. Effective management and control of airborne, naval, or ground threats with the help of radar systems has become an important paradigm for the military and security authorities of the region. There is an increase in the adoption of radar systems and radar simulators to ensure the safety of military operations and personnel and to provide efficient training for radar operators. Radar simulators are being procured by many countries, including the US and Canada, to strengthen their respective military forces and 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 for 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 to help the military and defense sectors procure more advanced radar systems and radar simulators.
For instance, in June 2020, Dynetics agreed to 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 trainers/simulators. Thus, the increasing military procurement of radar simulators is driving the market.
North America Radar Simulator Market Segmentation
The North America radar simulator market is segmented based on component, system, application, and country.
- Based on component, the market has been segmented into hardware and software. The hardware segment would dominate the North America radar simulator market in 2022. In terms of system, the market is divided into system testing and operator training. The operator training segment would dominate the North America radar simulator market in 2022.
- Based on application, the market has been bifurcated into military and commercial. The commercial segment dominated the North America radar simulator market in 2022.
- Based on country, The North America radar simulator market is segmented into the US, Canada, and Mexico. The US would dominate the market in 2022.
Market Dynamics
Market Drivers
- Increasing Demand of Air Traffic Control Radar Simulators
- Escalating Procurement of Radar Simulator among Military Forces
Market Restraints
- High Cost and Longer Lifespan of Radar Simulators
Market Opportunities
- Increasing Demand for Skilled and Trained Radar Operators
Future Trends
- Rising Modern Warfare Systems
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. North America Radar Simulator Market Landscape
5. North America Radar Simulator Market - Key Market Dynamics
6. Radar Simulator Market - North America Analysis
7. North America Radar Simulator Market- By Component
8. North America Radar Simulator Market- By System
9. North America Radar Simulator Market- By Application
10. North America Radar Simulator Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
- Adacel Technologies Limited
- ARI Simulation
- Buffalo Computer Graphics
- Collins Aerospace
- L3Harris Technologies, Inc.
- Mercury Systems Inc.
- Textron Systems Corporation
- Ultra Electronics Inc.
For more information about this report visit https://www.researchandmarkets.com/r/bbm6u7
