Asia Pacific Radar Simulator Market Forecast to 2028

Asia Pacific Radar Simulator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware and Software), System (System Testing and Operator Training), and Application (Military and Commercial)

Report Code : BMIRE00025776 | Region : Asia Pacific | Industry : Aerospace and Defense | Published Date : 07/Sep/2022

The radar simulator market in Asia Pacific is expected to grow from US$ 326.19 million in 2022 to US$ 470.54 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2022 to 2028.

The adoption of artificial intelligence (AI), deep learning, and big data analytics is continuously increasing across various applications in the military & defense sector, making AI increasingly important for developing modern warfare systems. Unmanned aerial vehicles (UAVs) developed by various enterprises have modern capabilities and have extended their reach and operating boundaries. There has been a surge in the development of laser-guided missiles with higher accuracy to hit the locked target. To combat this threat in the future, there would be a rise in the development of radars and radar simulators to train operators to combat the rising modern warfare systems. Edge Computing, AI, and machine learning are expected to speed up the development and adoption of AI-enabled warfare systems, which is anticipated to boost the radar simulator market growth in the coming years. Machine learning and deep learning have increased the computing power of drones, making them smarter and faster. Furthermore, edge computing integrated with AI has enabled military and defense enterprises to detect faults in their warfare systems and proactively avoid unplanned downtime. Additionally, the implementation of 5G is expected to enable massive device connectivity, which increases the capabilities of modern warfare systems due to reducing latency while using AI technology. Thus, the growing development of modern warfare systems is expected to positively impact the growth of the radar simulator market during the forecast period.

Asia Pacific Radar Simulator Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Radar Simulator Market Segmentation

The Asia Pacific 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 Asia Pacific 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 Asia Pacific radar simulator market in 2022. Based on application, the market has been bifurcated into military and commercial. The commercial segment dominated the Asia Pacific radar simulator market in 2022. Based on country, The Asia Pacific radar simulator market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China would dominate the market in 2022.

Key players operating in the Asia Pacific radar simulator market include Adacel Technologies Limited; ARI Simulation; Collins Aerospace; L3Harris Technologies, Inc.; Mercury Systems Inc.; Micro Nav Limited; Textron Systems Corporation; and Ultra Electronics Inc.

At 6.3% CAGR, the Asia Pacific Radar Simulator Market is speculated to be worth US$ 470.54 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Asia Pacific radar simulator market was valued at US$ 326.19 million in 2022 and is expected to reach US$ 470.54 million by 2028, registering an annual growth rate of 6.3% from 2022 to 2028. The rising demand for skilled and trained radar operators and increasing modern warfare systems are the critical factors attributed to the market expansion.

The rise of modern air traffic control towers and advanced military technologies has created an increasing demand for the operators that are capable of operating with modern day on-ground aircraft related equipment and military technology. Radar simulators deals 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 operator to safeguard the airspace, waterways and land borders of countries. Hence, the demand for skilled and trained radar operators across commercial and defense aviation sector coupled with naval forces and military ground forces is anticipated to propel the radar simulator market during the foreseeable future.

On the contrary, high cost and longer lifespan of radar simulators hurdles the growth of Asia Pacific radar simulator market.

The Asia Pacific radar simulator market by component has been segmented into hardware and software. The hardware segment held 65.6% market share in 2022, amassing US$ 214.14 million. It is projected to garner US$ 300.95 million by 2028 to expand at 5.8% CAGR during 2022–2028.

The Asia Pacific radar simulator market is divided on the basis of system as system testing and operator training. The operator training segment held 65.0% market share in 2022, amassing US$ 211.93 million. It is projected to garner US$ 312.19 million by 2028 to expand at 6.7% CAGR during 2022–2028.

By the application, the Asia Pacific radar simulator market is bifurcated into military and commercial. With 60.4% share of the domain, the commercial segment dominated the market in 2022. It accrued US$ 197.02 million in 2022 and is estimated to generate US$ 277.08 million by 2028 to grow at a CAGR of 5.8% over the forecast period.

Based on country, the Asia Pacific radar simulator market is categorizsed into Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. Our regional analysis states that China captured 37.2% market share in 2022. It was assessed at US$ 121.36 million in 2022 and is likely to hit US$ 171.94 million by 2028, exhibiting a CAGR of 6.0% during the forecast period.

Key players dominating the Asia Pacific radar simulator market are Adacel Technologies Limited; ARI Simulation; Collins Aerospace; L3Harris Technologies, Inc.; Mercury Systems Inc.; Micro Nav Limited; Textron Systems Corporation; and Ultra Electronics Inc. among others.

In 2021, Adacel Technologies Limited has announced a new five-year contract with Airservices Australia for Control Tower Simulator (CTS) support services. The contract value is estimated at almost A$1 million.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Radar Simulator Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 APAC

4.3 Ecosystem Analysis

5. APAC Radar Simulator Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Surge in Demand of Air Traffic Control Radar Simulators

5.1.2 Escalating Procurement of Radar Simulator among Military Forces

5.2 Market Restraints

5.2.1 High Cost and Longer Lifespan of Radar Simulators

5.3 Market Opportunities

5.3.1 Rising Demand for Skilled and Trained Radar Operators

5.4 Future Trends

5.4.1 Increasing Modern Warfare Systems

5.5 Impact Analysis of Drivers and Restraints

6. Radar Simulator Market – APAC Analysis

6.1 APAC Radar Simulator Market Overview

6.2 APAC Radar Simulator Market Revenue and Forecast to 2028 (US$ Million)

7. APAC Radar Simulator Market– By Component

7.1 Overview

7.2 APAC Radar Simulator Market, By Component (2021 and 2028)

7.3 Hardware

7.3.1 Overview

7.3.2 Hardware: APAC Radar Simulator Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Software

7.4.1 Overview

7.4.2 Software: APAC Radar Simulator Market – Revenue and Forecast to 2028 (US$ Million)

8. APAC Radar Simulator Market– By System

8.1 Overview

8.2 APAC Radar Simulator Market, By System (2021 and 2028)

8.3 System Training

8.3.1 Overview

8.3.2 System Training: APAC Radar Simulator Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Operation Training

8.4.1 Overview

8.4.2 Operation Training: APAC Radar Simulator Market – Revenue and Forecast to 2028 (US$ Million)

9. APAC Radar Simulator Market– By Application

9.1 Overview

9.2 APAC Radar Simulator Market, By Application (2021 and 2028)

9.3 Military

9.3.1 Overview

9.3.2 Military: APAC Radar Simulator Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Commercial

9.4.1 Overview

9.4.2 Commercial: APAC Radar Simulator Market – Revenue and Forecast to 2028 (US$ Million)

10. APAC Radar Simulator Market – Country Analysis

10.1 Overview

10.1.1 APAC: Radar Simulator Market Breakdown, by Country

10.1.1.1 Australia Radar Simulator Market: Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Australia: Radar Simulator Market, by Component

10.1.1.1.2 Australia: Radar Simulator Market, by System

10.1.1.1.3 Australia: Radar Simulator Market, by Application

10.1.1.2 China Radar Simulator Market: Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 China: Radar Simulator Market, by Component

10.1.1.2.2 China: Radar Simulator Market, by System

10.1.1.2.3 China: Radar Simulator Market, by Application

10.1.1.3 India Radar Simulator Market: Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 India: Radar Simulator Market, by Component

10.1.1.3.2 India: Radar Simulator Market, by System

10.1.1.3.3 India: Radar Simulator Market, by Application

10.1.1.4 Japan Radar Simulator Market: Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 Japan: Radar Simulator Market, by Component

10.1.1.4.2 Japan: Radar Simulator Market, by System

10.1.1.4.3 Japan: Radar Simulator Market, by Application

10.1.1.5 South Korea Radar Simulator Market: Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 South Korea: Radar Simulator Market, by Component

10.1.1.5.2 South Korea: Radar Simulator Market, by System

10.1.1.5.3 South Korea: Radar Simulator Market, by Application

10.1.1.6 Rest of APAC Radar Simulator Market: Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of APAC: Radar Simulator Market, by Component

10.1.1.6.2 Rest of APAC: Radar Simulator Market, by System

10.1.1.6.3 Rest of APAC: Radar Simulator Market, by Application

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

12. Company Profiles

12.1 Adacel Technologies Limited

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 ARI Simulation

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 L3Harris Technologies, Inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Mercury Systems, Inc.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Micro Nav Limited

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Collins Aerospace

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Textron Inc.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Ultra-Electronics Holdings plc.

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1. APAC Radar Simulator Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. APAC Radar Simulator Market: Revenue and Forecast to 2028 – By Country (US$ Million)

Table 3. Australia Radar Simulator Market: Revenue and Forecast to 2028 – By Component (US$ Million)

Table 4. Australia Radar Simulator Market: Revenue and Forecast to 2028 – By System (US$ Million)

Table 5. Australia Radar Simulator Market: Revenue and Forecast to 2028 – By Application (US$ Million)

Table 6. China Radar Simulator Market: Revenue and Forecast to 2028 – By Component (US$ Million)

Table 7. China Radar Simulator Market: Revenue and Forecast to 2028 – By System (US$ Million)

Table 8. China Radar Simulator Market: Revenue and Forecast to 2028 – By Application (US$ Million)

Table 9. India Radar Simulator Market: Revenue and Forecast to 2028 – By Component (US$ Million)

Table 10. India Radar Simulator Market: Revenue and Forecast to 2028 – By System (US$ Million)

Table 11. India Radar Simulator Market: Revenue and Forecast to 2028 – By Application (US$ Million)

Table 12. Japan Radar Simulator Market: Revenue and Forecast to 2028 – By Component (US$ Million)

Table 13. Japan Radar Simulator Market: Revenue and Forecast to 2028 – By System (US$ Million)

Table 14. Japan Radar Simulator Market: Revenue and Forecast to 2028 – By Application (US$ Million)

Table 15. South Korea Radar Simulator Market: Revenue and Forecast to 2028 – By Component (US$ Million)

Table 16. South Korea Radar Simulator Market: Revenue and Forecast to 2028 – By System (US$ Million)

Table 17. South Korea Radar Simulator Market: Revenue and Forecast to 2028 – By Application (US$ Million)

Table 18. Rest of APAC Radar Simulator Market: Revenue and Forecast to 2028 – By Component (US$ Million)

Table 19. Rest of APAC Radar Simulator Market: Revenue and Forecast to 2028 – By System (US$ Million)

Table 20. Rest of APAC Radar Simulator Market: Revenue and Forecast to 2028 – By Application (US$ Million)

Table 21. List of Abbreviation

LIST OF FIGURES.

Figure 1. APAC Radar Simulator Market Segmentation

Figure 2. APAC Radar Simulator Market Segmentation – By Country

Figure 3. APAC Radar Simulator Market Overview

Figure 4. Hardware Segment held the Largest Share in 2021

Figure 5. Commercial Segment held the Largest Share in 2021

Figure 6. China held the Largest Share in 2021

Figure 7. APAC – PEST Analysis

Figure 8. APAC Radar Simulator Market: Ecosystem Analysis

Figure 9. APAC Radar Simulator Market: Impact Analysis of Drivers and Restraints

Figure 10. Radar Simulator Market Revenue and Forecast to 2028 (US$ Million)

Figure 11. APAC Radar Simulator Market Revenue Share, by Component (2021 and 2028)

Figure 12. Hardware: APAC Radar Simulator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Software: APAC Radar Simulator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. APAC Radar Simulator Market Revenue Share, by System (2021 and 2028)

Figure 15. System Training: APAC Radar Simulator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Operation Training: APAC Radar Simulator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. APAC Radar Simulator Market Revenue Share, by Application (2021 and 2028)

Figure 18. Military: APAC Radar Simulator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Commercial: APAC Radar Simulator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. APAC: Radar Simulator Market, by key Country, Revenue (2021) (US$ Million)

Figure 21. APAC: Radar Simulator Market Breakdown, by Country, 2021 & 2028 (%)

Figure 22. Australia Radar Simulator Market: Revenue and Forecast to 2028 (US$ Million)

Figure 23. China Radar Simulator Market: Revenue and Forecast to 2028 (US$ Million)

Figure 24. India Radar Simulator Market: Revenue and Forecast to 2028 (US$ Million)

Figure 25. Japan Radar Simulator Market: Revenue and Forecast to 2028 (US$ Million)

Figure 26. South Korea Radar Simulator Market: Revenue and Forecast to 2028 (US$ Million)

Figure 27. Rest of APAC Radar Simulator Market: Revenue and Forecast to 2028 (US$ Million)

The List of Companies - Asia Pacific Radar Simulator Market

● Adacel Technologies Limited

● ARI Simulation

● Collins Aerospace

● L3Harris Technologies, Inc.

● Mercury Systems Inc.

● Micro Nav Limited

● Textron Systems Corporation

● Ultra Electronics Inc.

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific Radar Simulator Market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Radar Simulator Market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Radar Simulator Market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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