The radar simulator market in Europe is expected to grow from US$ 478.81 million in 2022 to US$ 659.39 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2022 to 2028.
The military & aerospace industry has seen rapid growth over the last decade, and this trend is expected to continue. The increase in investments in modern aircraft fleets by governments, coupled with several other socio-economic factors, has fueled the growth of air traffic control, which ultimately boosted the demand for radar simulators across the region. Air transport plays a critical role in a country’s economic growth. The majority of the governments are emphasizing heavily on the growth of airports in order to catalyze respective aviation sectors. Owing to this, a large number of airports are being constructed or renovated (air traffic control towers, runways, terminals, and others). The development/renovation of air traffic control towers is allowing the radar simulator market players to experience higher demand. For instance, in January 2022, Air Navigation Solutions (ANSL) agreed to a contract with Marshall Aerospace at Cambridge City airport to provide a full air traffic control simulator and essential simulator training for the airport’s trainees. The growing modernization of aircraft and radar systems has driven the need for advances in conventional radar simulators. Airline operators and air traffic control officers demand accurate, real-time radar information that helps pilots and operators to make accurate decisions. Radar simulators are being installed in airports and training centers across all the major airports, which is driving their demand. Moreover, radar simulators enhance the efficiency of air traffic control operations and consequently offer greater and more precise testing of radar systems and accurate training of operators. Thus, this rising demand for air traffic control radar simulators from the airline and airport authorities is driving the radar simulator market.
The military & aerospace industry has seen rapid growth over the last decade, and this trend is expected to continue. The increase in investments in modern aircraft fleets by governments, coupled with several other socio-economic factors, has fueled the growth of air traffic control, which ultimately boosted the demand for radar simulators across the region. Air transport plays a critical role in a country’s economic growth. The majority of the governments are emphasizing heavily on the growth of airports in order to catalyze respective aviation sectors. Owing to this, a large number of airports are being constructed or renovated (air traffic control towers, runways, terminals, and others). The development/renovation of air traffic control towers is allowing the radar simulator market players to experience higher demand. For instance, in January 2022, Air Navigation Solutions (ANSL) agreed to a contract with Marshall Aerospace at Cambridge City airport to provide a full air traffic control simulator and essential simulator training for the airport’s trainees. The growing modernization of aircraft and radar systems has driven the need for advances in conventional radar simulators. Airline operators and air traffic control officers demand accurate, real-time radar information that helps pilots and operators to make accurate decisions. Radar simulators are being installed in airports and training centers across all the major airports, which is driving their demand. Moreover, radar simulators enhance the efficiency of air traffic control operations and consequently offer greater and more precise testing of radar systems and accurate training of operators. Thus, this rising demand for air traffic control radar simulators from the airline and airport authorities is driving the radar simulator market.
Europe Radar Simulator Market Segmentation
The Europe 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 Europe 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 Europe radar simulator market in 2022.
- Based on application, the market has been bifurcated into military and commercial. The commercial segment dominated the Europe radar simulator market in 2022.
- Based on country, The Europe radar simulator market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The UK would dominate the market in 2022.
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Radar Simulator Market Landscape
5. Europe Radar Simulator Market - Key Market Dynamics
6. Radar Simulator Market - Europe Analysis
7. Europe Radar Simulator Market- By Component
8. Europe Radar Simulator Market- By System
9. Europe Radar Simulator Market- By Application
10. Europe Radar Simulator Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
- Adacel Technologies Limited
- ARI Simulation
- Cambridge Pixel Ltd.
- Collins Aerospace
- L3Harris Technologies, Inc.
- Mercury Systems Inc.
- Micro Nav Limited
- Textron Systems Corporation
- Ultra Electronics Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 112 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 478.81 Million |
| Forecasted Market Value ( USD | $ 659.39 Million |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 9 |
