South America Radar Simulator Market Forecast to 2028

South 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 : BMIRE00025790 | Region : LAMEA | Industry : Aerospace and Defense | Published Date : 08/Sep/2022

The radar simulator market in South America is expected to grow from US$ 73.35 million in 2022 to US$ 85.10 million by 2028; it is estimated to grow at a CAGR of 2.5% 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. Many countries are procuring radar simulators 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. Thus, the increasing military procurement of radar simulators is driving the market.

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

South America Radar Simulator Market Segmentation

The South 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 South Americaradar 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 South Americaradar simulator market in 2022. Based on application, the market has been bifurcated into military and commercial. The commercial segment dominated the South Americaradar simulator market in 2022. Based on country, The South America radar simulator market is segmented into Brazil and the Rest of South America. Brazil would dominate the market in 2022.

Key players operating in the South America radar simulator market include Adacel, Technologies Limited, ARI Simulation, Collins Aerospace, Micro Nav Limited, and Textron Inc.

At 2.5% CAGR, the South America Radar Simulator Market is speculated to be worth US$ 85.10 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the South America radar simulator market was valued at US$ 73.35 million in 2022 and is expected to reach US$ 85.10 million by 2028, registering an annual growth rate of 2.5% from 2022 to 2028. The rising 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 South America radar simulator market.

The South America radar simulator market by component has been segmented into hardware and software. The hardware segment held 73.2% market share in 2022, amassing US$ 53.66 million. It is projected to garner US$ 61.47 million by 2028 to expand at 2.3% CAGR during 2022–2028.

The South America radar simulator market is divided on the basis of system as system testing and operator training. The operator training segment held 63.2% market share in 2022, amassing US$ 46.35 million. It is projected to garner US$ 52.35 million by 2028 to expand at 2.0% CAGR during 2022–2028.

By the application, the South America radar simulator market is bifurcated into military and commercial. With 77.7% share of the domain, the commercial segment dominated the market in 2022. It accrued US$ 56.99 million in 2022 and is estimated to generate US$ 65.20 million by 2028 to grow at a CAGR of 2.3% over the forecast period.

Based on country, the South America radar simulator market is categorizsed into Brazil and the rest of South America. Our regional analysis states that Brazil captured 86.6% market share in 2022. It was assessed at US$ 63.55 million in 2022 and is likely to hit US$ 72.81 million by 2028, exhibiting a CAGR of 2.3% during the forecast period.

Key players dominating the South America radar simulator market are Adacel, Technologies Limited, ARI Simulation, Collins Aerospace, Micro Nav Limited, and Textron 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. SAM Radar Simulator Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 SAM

4.3 Ecosystem Analysis

5. SAM 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 – SAM Analysis

6.1 SAM Radar Simulator Market Overview

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

7. SAM Radar Simulator Market– By Component

7.1 Overview

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

7.3 Hardware

7.3.1 Overview

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

7.4 Software

7.4.1 Overview

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

8. SAM Radar Simulator Market– By System

8.1 Overview

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

8.3 System Training

8.3.1 Overview

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

8.4 Operation Training

8.4.1 Overview

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

9. SAM Radar Simulator Market– By Application

9.1 Overview

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

9.3 Military

9.3.1 Overview

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

9.4 Commercial

9.4.1 Overview

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

10. SAM Radar Simulator Market – Country Analysis

10.1 Overview

10.1.1 SAM: Radar Simulator Market Breakdown, by Country

10.1.1.1 Brazil Radar Simulator Market: Revenue and Forecast to 2028

10.1.1.1.1 Brazil: Radar Simulator Market, by Component

10.1.1.1.2 Brazil: Radar Simulator Market, by System

10.1.1.1.3 Brazil: Radar Simulator Market, by Application

10.1.1.2 Rest of SAM Radar Simulator Market: Revenue and Forecast to 2028

10.1.1.2.1 Rest of SAM: Radar Simulator Market, by Component

10.1.1.2.2 Rest of SAM: Radar Simulator Market, by System

10.1.1.2.3 Rest of SAM: 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 Micro Nav Limited

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 Collins Aerospace

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 Textron 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

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

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

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

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

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

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

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

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

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

Table 9. List of Abbreviation

LIST OF FIGURES.

Figure 1. SAM Radar Simulator Market Segmentation

Figure 2. SAM Radar Simulator Market Segmentation – By Country

Figure 3. SAM 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. Brazil held the Largest Share in 2021

Figure 7. SAM – PEST Analysis

Figure 8. SAM Radar Simulator Market: Ecosystem Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The List of Companies - South America Radar Simulator Market

● Adacel Technologies Limited

● ARI Simulation

● Collins Aerospace

● Micro Nav Limited

● Textron Inc.

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South 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 South 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 South 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

TOP