North America Radar Simulator Market Forecast to 2028

North America 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 : BMIRE00025786 | Region : North America | Industry : Aerospace and Defense | Published Date : 07/Sep/2022

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 Revenue and Forecast to 2028 (US$ Million)

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.

Key players operating in the North America radar simulator market are Adacel Technologies Limited; ARI Simulation; Buffalo Computer Graphics; Collins Aerospace; L3Harris Technologies, Inc.; Mercury Systems Inc.; Textron Systems Corporation; and Ultra Electronics Inc.

At 4.5% CAGR, the North America Radar Simulator Market is speculated to be worth US$ 1,032.70 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the North America radar simulator market was valued at US$ 793.49 million in 2022 and is expected to reach US$ 1,032.70 million by 2028, registering an annual growth rate of 4.5% from 2022 to 2028. The increasing demand of air traffic control radar simulators and escalating procurement of radar simulator among military forces are the critical factors attributed to the market expansion.

The aerospace and military industry has seen rapid growth over the last decade and this trend is expected to continue. Increasing investments in modern aircraft fleet by governments coupled with several other socio-economic factors have fueled the growth of the air traffic control, which ultimately boosted the radar simulators across the region over the years. Air transport play a critical role in a country’s economic growth. Majority of the governments are emphasizing heavily on the growth of airports in order to catalyze respective aviation sector. Owing to this, a number of airports are being constructed or renovated (air traffic control tower, runway, terminal, and others). The growth/renovation in air traffic control tower is allowing the radar simulator market players to experience higher demand. This parameter is propelling the air traffic control radar simulator market. The growing modernization of aircrafts and radar systems has driven the need for advances in the conventional radar simulators. Airline operators and air traffic control officers demand accurate, real-time radar information that that helps pilots and operators to make accurate decisions. Radar simulators are being installed in airports and training centers across all the major airports, further driving the demand for radar simulators in the market. Moreover, radar simulators enhance the efficiency of the air traffic control operations and consequently offer greater and accurate testing of radar systems and accurate training of operators. Thus, this rising demand for air traffic control radar simulator from the airline and airport authorities is driving the radar simulator market.

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

The North America radar simulator market by component has been segmented into hardware and software. The hardware segment held 75.1% market share in 2022, amassing US$ 595.98 million. It is projected to garner US$ 750.34 million by 2028 to expand at 3.9% CAGR during 2022–2028.

The North America radar simulator market is divided on the basis of system as system testing and operator training. The operator training segment held 66.0% market share in 2022, amassing US$ 524.08 million. It is projected to garner US$ 698.96 million by 2028 to expand at 4.9% CAGR during 2022–2028.

By the application, the North America radar simulator market is bifurcated into military and commercial. With 59.4% share of the domain, the commercial segment dominated the market in 2022. It accrued US$ 471.53 million in 2022 and is estimated to generate US$ 603.33 million by 2028 to grow at a CAGR of 4.2% over the forecast period.

Based on country, the North America radar simulator market is categorizsed into the US, Canada, and Mexico. Our regional analysis states that the US captured 61.9% market share in 2022. It was assessed at US$ 491.33 million in 2022 and is likely to hit US$ 623.34 million by 2028, exhibiting a CAGR of 4.0% during the forecast period.

Key players dominating the North America radar simulator market are Adacel Technologies Limited; ARI Simulation; Buffalo Computer Graphics; Collins Aerospace; L3Harris Technologies, Inc.; Mercury Systems Inc.; Textron Systems Corporation; and Ultra Electronics Inc. among others.

In 2019, The United States Air Force (USAF) has given Collins Aerospace Systems a 10-year contract extension to supply vital services for the E-8C Joint Surveillance Target Attack Radar System (JSTARS) aircraft's training system. The system is housed at Robins Air Force Base and features full flight simulators and navigator training terminals. United Technologies Corp.'s Collins Aerospace division.

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. North America Radar Simulator Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.3 Ecosystem Analysis

5. North America Radar Simulator Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing 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 – North America Analysis

6.1 North America Radar Simulator Market Overview

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

7. North America Radar Simulator Market– By Component

7.1 Overview

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

7.3 Hardware

7.3.1 Overview

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

7.4 Software

7.4.1 Overview

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

8. North America Radar Simulator Market– By System

8.1 Overview

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

8.3 System Training

8.3.1 Overview

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

8.4 Operation Training

8.4.1 Overview

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

9. North America Radar Simulator Market– By Application

9.1 Overview

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

9.3 Military

9.3.1 Overview

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

9.4 Commercial

9.4.1 Overview

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

10. North America Radar Simulator Market – Country Analysis

10.1 Overview

10.1.1 North America: Radar Simulator Market Breakdown, by Country

10.1.1.1 US Radar Simulator Market: Revenue and Forecast to 2028

10.1.1.1.1 US: Radar Simulator Market, by Component

10.1.1.1.2 US: Radar Simulator Market, by System

10.1.1.1.3 US: Radar Simulator Market, by Application

10.1.1.2 Canada Radar Simulator Market: Revenue and Forecast to 2028

10.1.1.2.1 Canada: Radar Simulator Market, by Component

10.1.1.2.2 Canada: Radar Simulator Market, by System

10.1.1.2.3 Canada: Radar Simulator Market, by Application

10.1.1.3 Mexico Radar Simulator Market: Revenue and Forecast to 2028

10.1.1.3.1 Mexico: Radar Simulator Market, by Component

10.1.1.3.2 Mexico: Radar Simulator Market, by System

10.1.1.3.3 Mexico: 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 BUFFALO COMPUTER GRAPHICS

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 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. North America Radar Simulator Market – Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

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

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

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

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

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

Table 12. List of Abbreviation

LIST OF FIGURES.

Figure 1. North America Radar Simulator Market Segmentation

Figure 2. North America Radar Simulator Market Segmentation – By Country

Figure 3. North America 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. US held the Largest Share in 2021

Figure 7. North America- PEST Analysis

Figure 8. North America Radar Simulator Market: Ecosystem Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The List of Companies - North America Radar Simulator Market

● Adacel Technologies Limited

● ARI Simulation

● Buffalo Computer Graphics

● Collins Aerospace

● L3Harris Technologies, Inc.

● Mercury Systems Inc.

● 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 North America 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 North America 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 North America 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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