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Radar Simulator Market – Growth Rate, Revenue, Future Prospect For Business Development, Size, Share and Forecast to 2023

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Radar Simulator Market – Growth Rate, Revenue, Future Prospect For Business Development, Size, Share and Forecast to 2023

September 07
15:54 2019
Radar Simulator Market - Growth Rate, Revenue, Future Prospect For Business Development, Size, Share and Forecast to 2023

Radar Simulator Market
The Report Focuses on Radar Simulator Market in Asia Pacific Market, especially in China, Japan, Korea, Taiwan, Southeast Asia, India, Australia. The report categorizes the market based on Manufacturers Countries/Region, Types and Application

Market Highlights:

The factors driving the growth of the market are the emergence of modern warfare systems and affordability of simulator training. However, the high cost of radar systems is hampering the market growth. The opportunities for this market are increasing R&D activities in the field of military simulation and increasing defense expenditure in emerging economies.

As per a detailed analysis by Market Research Future, the global radar sensors market is predicted to garner USD 19 billion, registering a CAGR of 20% during the forecast period (2017-2023). The surging awareness regarding the passengers and safety of the vehicles is likely to contribute to the market growth. Radar sensors are considered electronic devices which helps to detect the position and the velocity of an object like ship, aircraft, and motor bike that is located at a distance. These devices can detect electromagnetic emissions with a super heterodyne receiver and notifies the person in the vehicle whenever a transmission is noticed. The GPS system is integrated into these systems which further facilitates the storage of locations prompted by the sensors.

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Since World War II, radar has been considered as an integral part of any defense inventory. Radar technology is used for tracking and detecting the movement of intruders from air, land, or sea. These radars assist in providing the range, angle, and velocity of an object. The introduction of 3D radar technology and rise in the use of unmanned aerial vehicles (UAVs) are the major factors boosting the market growth for radar simulator, globally.

Potential and Pitfalls:

With increasing applications of UAVs and drones in the defense and military applications by several economies, the use of radar sensors has increased as they are considered important components in autonomous flying drones. With the use of these sensor obstacles can be identified and it also ensures smooth navigation. Ainstein has recently declared the launch of their latest customizable radar sensors, Ultra Long-Range Ground-Based (ULGB-D1) and Ultra Long-Range Airborne (ULAB-D1) for drone applications. The mammoth demand for UAVs will augment the adoption of radar sensors in drones, which is likely to trigger the demand for radar sensors across the globe.

The radar sensors market has witnessed a tectonic surge over the past few years due to the use of frequency modulated waves which helps in the detection of targets. The radar sensors are perfect for level gauging, collision detection, surveillance, anti-collision, and security. The expansion of the global radar sensors market can be further attributed to the burgeoning automotive sector coupled with the rising awareness for vehicle safety and passengers. The inclination towards improving road safety norms, automated vehicles, and introduction of advanced technological features in automobiles are some of the major factors presumed to dictate the growth trajectory of the market. The rising territorial conflicts and geopolitical instabilities are resulting in the strengthening of the defense sector in developing economies. The integration of advanced technologies in defense strategies is offering the market a sturdy growth. Moreover, the implementation of the GPS technology has enabled the storage of location data which is expected to trigger the demand for radar sensors, thereby impacting the market growth positively.

On the contrary, the high cost of development of the radar sensors is anticipated to be a major concern restricting the growth of the market across the globe. Moreover, the application-specific illegal issues in the military detectors along with the high maintenance cost of these radar sensors installed in the cars is likely to deter the market growth in the long run.

Scope of the Report:

This study provides an overview of the global radar simulator market, tracking four market segments across five regions. The report studies the key players, providing a five-year annual trend analysis that highlights market size, volume, and share in North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years in each region. The study segments the global radar simulator market by product, application, platform, component, and region.

Key Players:

The key players in the radar simulator market are AAI Corporation (US), Acewavetech (South Korea), Adacel Technologies Limited (Australia), ARI Simulation (India), Buffalo Computer Graphics (US), Cambridge Pixel Ltd (US), Harris Corporation (US), Mercury Systems, Inc. (US), Rockwell Collins (US), Ultra Electronics Inc. (UK), Presagis Canada Inc. (Canada), and Micro Nav Limited (UK).

Regional Frontiers:

Geographically, the radar sensors market has been studied under regions namely, Europe, North America, Asia Pacific and the Rest-of-the-World (RoW).

Considering the global scenario, the North American region is considered one of the top regions leading the radar sensors market across the globe. The regional market is drive by the increased proliferation of smartphones, high-end defense application, consumer electronic devices, and autonomous cars. As the region is considered a pioneer in the adoption of latest technologies like smart homes, smart grid, intelligent transport & infrastructure with sensors, and smart water networks that uses the radar sensors technology, the market is likely to boost in this region. Moreover, the surging FMCW applications is gaining momentum in the region especially in short-range applications as North America has the highest expenditure on defense in the world. Such factors are estimated to promote the growth of the regional market in the foreseeable future.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. 

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