Global RADAR Simulator Industry was valued at USD 2.30 Billion in the year 2017. Global Radar Simulator Industry is further estimated to grow at a CAGR of 4.51% from 2019 to reach USD 3.23 Billion by the year 2025. North America region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecast period. At a country level, the U.S is projected to grow strongly in the coming years.
Major market players in RADAR Simulator Industry are Ultra Electronics Group, Buffalo Computer Graphics, Textron, Inc., ARI Simulation, Cambridge Pixel Ltd., Mercury Systems Inc., Harris Corporation, Micro Nav Limited, Rockwell Collins, ROHDE & SCHWARZ, Link Microtek Ltd UK, and brief overview of 13 companies is also provided in the report. Rising research and development expenses to cater changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of RADAR Simulator:
An innovation of Automotive Advanced Driver Assistance Systems (ADAS)
Manufacturing and Maintenance cost is high
Implementation in the automotive sector
Availability of skilled operator
The major shares of the Industry come from Hardware type in Global Radar Simulator Industry. On the other hand, Military, by application for this Industry is expected to grow at highest CAGR during the year 2018-2025.
RADAR Simulator Industry Segmentation:
• System Testing
• Operating Training
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa