Visiongain Publishes Radar Simulator Market Report to 2031
26 March 2021
Visiongain has published a new report on Radar Simulator Market Report to 2031: Forecasts by Component (Hardware and Software) by Product Type (System Testing, Operator Training) by Application (Military and Commercial). PLUS, Profiles of Leading Radar Simulator Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Radar Simulator market was valued at US$ xx billion in xx and is projected to reach at a market value of US$ xx billion by 2031.
COVID-19 Impact on Radar Simulator Market
Owing to the widespread impact of COVID-19 pandemic, all major businesses, including defence manufacturing has seen a sharp decline over the months. The use of radar simulator permits inexpensive training for army personnel, but due to the imposition of lockdowns, the manufacturing, and hence the supply of training equipment has suffered a huge blow. The world is witnessing a huge gap in supply-demand for necessary tools and equipment. This has affected the market for radar simulators across the world.
Emergence of Modern Warfare Systems
The war that is waged these days has become fully data and technology-based. With the military globally using intelligent technologies to tackle any unprecedented attacks, the role of radar simulator becomes inevitable. In the near future, robots will become the dominant category in armies. Long-range precision fires and a sophisticated command network powered by artificial intelligence will make use of radar simulators to accomplish their task.
The need for the military to modernize its capabilities on advanced technology fronts to keep up with other countries already pursuing these technologies is anticipated to support the growth of the global radar simulator market over the forecast timeframe.
Affordability of Simulator Training
The simulation software has become a helpful training tool for the armed forces, which offers the personnel an exceptional and all-inclusive simulation-based training skill while saving the armed forces both time and money involved in the actual equipment. Procedures which include events such as ground warfare, vehicle training, and command centre training, among others benefit using simulation-based training.
Increasing R&D Activities in the Field of Military Simulation
Owing to the rising challenges such as rapidly shrinking training areas and firing ranges due to exponential urbanisation and population increase, growing complexity in the nature of warfare in a joint environment; and ever reducing time for training due to escalating operational commitments, the simulator training holds great scope. The quick technological advances that are happening in the arena of Modelling and Simulations (M&S) have resulted in the advent of numerous opportunities to push the inclusion of technology to fulfil the training of any modern-day army. This factor is anticipated to bolster the growth of the global radar simulator market over the forecast timeframe.
Military expenditure accounts for a significant share of the global GDP and it has been growing over time in developing countries. For instance, in India, the defence expenditure has witnessed a steady increase since 2014. The growth of defence expenditure is to equip the army with the modern warfare and training systems.
Various companies are focusing on growth strategies such as product launches, product approvals and others such as patents and events. Some of the companies profiled in the report include Adacel Technologies Limited, ARI Simulation, Acewavetech, BUFFALO COMPUTER GRAPHICS, Cambridge Pixel Ltd., Harris Corporation, Mercury Systems, Inc., Rockwell Collins, Textron Systems Corporation, and Ultra Electronics Inc., among others.
In October 2018, Kratos announced partnership with Harris Corporation to bring advanced hand held radios. In April 2017, Embraer subsidiaries Bradar and Savis announced beginning of global cooperation with Rockwell Collins on the opening day of the Latin American Aerospace and Defence (LAAD) in Rio de Janeiro on 4 April.
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