Europe Radar Simulator Market Forecast to 2028

Europe 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 : BMIRE00025779 | Region : Europe | Industry : Aerospace and Defense | Published Date : 07/Sep/2022

The radar simulator market in Europe is expected to grow from US$ 478.81 million in 2022 to US$ 659.39 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2022 to 2028.

The military & aerospace industry has seen rapid growth over the last decade, and this trend is expected to continue. The increase in investments in modern aircraft fleets by governments, coupled with several other socio-economic factors, has fueled the growth of air traffic control, which ultimately boosted the demand for radar simulators across the region. Air transport plays a critical role in a country’s economic growth. The majority of the governments are emphasizing heavily on the growth of airports in order to catalyze respective aviation sectors. Owing to this, a large number of airports are being constructed or renovated (air traffic control towers, runways, terminals, and others). The development/renovation of air traffic control towers is allowing the radar simulator market players to experience higher demand. For instance, in January 2022, Air Navigation Solutions (ANSL) agreed to a contract with Marshall Aerospace at Cambridge City airport to provide a full air traffic control simulator and essential simulator training for the airport’s trainees. The growing modernization of aircraft and radar systems has driven the need for advances in conventional radar simulators. Airline operators and air traffic control officers demand accurate, real-time radar information that helps pilots and operators to make accurate decisions. Radar simulators are being installed in airports and training centers across all the major airports, which is driving their demand. Moreover, radar simulators enhance the efficiency of air traffic control operations and consequently offer greater and more precise testing of radar systems and accurate training of operators. Thus, this rising demand for air traffic control radar simulators from the airline and airport authorities is driving the radar simulator market.

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

Europe Radar Simulator Market Segmentation

The Europe 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 Europe 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 Europe radar simulator market in 2022. Based on application, the market has been bifurcated into military and commercial. The commercial segment dominated the Europe radar simulator market in 2022. Based on country, The Europe radar simulator market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The UK would dominate the market in 2022.

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

At 5.5% CAGR, the Europe Radar Simulator Market is speculated to be worth US$ 659.39 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Europe radar simulator market was valued at US$ 478.81 million in 2022 and is expected to reach US$ 659.39 million by 2028, registering an annual growth rate of 5.5% from 2022 to 2028. The escalating procurement of radar simulator among military forces and rising demand of air traffic control radar simulators are the critical factors attributed to the market expansion.

The concerns regarding security in public places, national borders and on the land, naval ports and air force bases are increasing continuously. In order to effectively manage and control airborne or naval, or ground threats with the help of radar systems have become an important paradigm for the military and security authorities of region. Radar systems and radar simulators are increasingly gaining adoption traction to ensure safety of military operations and personnel as well as efficient training for radar operators. Radar simulators are being procured by many countries such as the Germany, France, and the UK among others to strengthen their respective military forces to train operators to combat the threats from advanced air strikes that occur on a frequent basis. Radar simulators further help the military officials to devise counter plans in case of an 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 to procure more advanced radar systems and radar simulators. Thus, the increasing military procurement of radar simulators are driving the market growth.

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

The Europe radar simulator market by component has been segmented into hardware and software. The hardware segment held 72.8% market share in 2022, amassing US$ 348.80 million. It is projected to garner US$ 472.94 million by 2028 to expand at 5.2% CAGR during 2022–2028.

The Europe radar simulator market is divided on the basis of system as system testing and operator training. The operator training segment held 64.4% market share in 2022, amassing US$ 308.53 million. It is projected to garner US$ 433.19 million by 2028 to expand at 5.8% CAGR during 2022–2028.

By the application, the Europe radar simulator market is bifurcated into military and commercial. With 56.1% share of the domain, the commercial segment dominated the market in 2022. It accrued US$ 268.60 million in 2022 and is estimated to generate US$ 358.24 million by 2028 to grow at a CAGR of 4.9% over the forecast period.

Based on country, the Europe radar simulator market is categorizsed into Germany, France, Italy, UK, Russia, and the rest of Europe. Our regional analysis states that the UK captured 22.5% market share in 2022. It was assessed at US$ 107.74 million in 2022 and is likely to hit US$ 145.07 million by 2028, exhibiting a CAGR of 5.1% during the forecast period.

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

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. Europe Radar Simulator Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 Europe

4.3 Ecosystem Analysis

5. Europe Radar Simulator Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising 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 Increasing Demand for Skilled and Trained Radar Operators

5.4 Future Trends

5.4.1 Rising Modern Warfare Systems

5.5 Impact Analysis of Drivers and Restraints

6. Radar Simulator Market – Europe Analysis

6.1 Europe Radar Simulator Market Overview

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

7. Europe Radar Simulator Market– By Component

7.1 Overview

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

7.3 Hardware

7.3.1 Overview

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

7.4 Software

7.4.1 Overview

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

8. Europe Radar Simulator Market– By System

8.1 Overview

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

8.3 System Training

8.3.1 Overview

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

8.4 Operation Training

8.4.1 Overview

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

9. Europe Radar Simulator Market– By Application

9.1 Overview

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

9.3 Military

9.3.1 Overview

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

9.4 Commercial

9.4.1 Overview

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

10. Europe Radar Simulator Market – Country Analysis

10.1 Overview

10.1.1 Europe: Radar Simulator Market Breakdown, by Country

10.1.1.1 France Radar Simulator Market: Revenue and Forecast to 2028

10.1.1.1.1 France: Radar Simulator Market, by Component

10.1.1.1.2 France: Radar Simulator Market, by System

10.1.1.1.3 France: Radar Simulator Market, by Application

10.1.1.2 Germany Radar Simulator Market: Revenue and Forecast to 2028

10.1.1.2.1 Germany: Radar Simulator Market, by Component

10.1.1.2.2 Germany: Radar Simulator Market, by System

10.1.1.2.3 Germany: Radar Simulator Market, by Application

10.1.1.3 Italy Radar Simulator Market: Revenue and Forecast to 2028

10.1.1.3.1 Italy: Radar Simulator Market, by Component

10.1.1.3.2 Italy: Radar Simulator Market, by System

10.1.1.3.3 Italy: Radar Simulator Market, by Application

10.1.1.4 UK Radar Simulator Market: Revenue and Forecast to 2028

10.1.1.4.1 UK: Radar Simulator Market, by Component

10.1.1.4.2 UK: Radar Simulator Market, by System

10.1.1.4.3 UK: Radar Simulator Market, by Application

10.1.1.5 Russia Radar Simulator Market: Revenue and Forecast to 2028

10.1.1.5.1 Russia: Radar Simulator Market, by Component

10.1.1.5.2 Russia: Radar Simulator Market, by System

10.1.1.5.3 Russia: Radar Simulator Market, by Application

10.1.1.6 Rest of Europe Radar Simulator Market: Revenue and Forecast to 2028

10.1.1.6.1 Rest of Europe: Radar Simulator Market, by Component

10.1.1.6.2 Rest of Europe: Radar Simulator Market, by System

10.1.1.6.3 Rest of Europe: 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 Cambridge Pixel Ltd.

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 L3Harris Technologies, 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 Mercury Systems, Inc.

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 Micro Nav Limited

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 Collins Aerospace

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 Textron Inc.

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

12.9 Ultra-Electronics Holdings plc.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 21. List of Abbreviation

LIST OF FIGURES.

Figure 1. Europe Radar Simulator Market Segmentation

Figure 2. Europe Radar Simulator Market Segmentation – By Country

Figure 3. Europe 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. UK held the Largest Share in 2021

Figure 7. Europe – PEST Analysis

Figure 8. Europe Radar Simulator Market: Ecosystem Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The List of Companies - Europe Radar Simulator Market

● Adacel Technologies Limited

● ARI Simulation

● Cambridge Pixel Ltd.

● 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 Europe 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 Europe 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 Europe 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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