Radar Simulator

Radar Simulator

Global Radar Simulators Market to Reach $2.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Radar Simulators estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$2.2 Billion by 2027, growing at aCAGR of 4.3% over the period 2020-2027. Operation Training, one of the segments analyzed in the report, is projected to record 4.3% CAGR and reach US$1.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the System Training segment is readjusted to a revised 4.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $476.7 Million, While China is Forecast to Grow at 4% CAGR

The Radar Simulators market in the U.S. is estimated at US$476.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$390.8 Million by the year 2027 trailing a CAGR of 4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Select Competitors (Total 43 Featured) -

• Acewavetech
• Adacel Technologies Ltd.
• ARI Simulation
• Buffalo Computer Graphics
• Cambridge Pixel Ltd.
• Harris Corporation
• Mercury Systems, Inc.
• Rockwell Collins, Inc.
• Textron Systems Corporation
• Ultra Electronics

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