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Radar simulator market: current trends and future opportunities by 2022 detailed in new research report

Industrial Market Research

The emergence of modern warfare systems such as electronic warfare and network-centric warfare and affordability against live radar training are going to boost the demand for radar simulators.

The market is projected to grow from USD 2.27 Billion in 2016 to USD 2.93 Billion by 2022, at a CAGR of 4.42% from 2017 to 2022. 

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The report also focuses on the competitive landscape of this market by profiling companies based on their financial position, product portfolio, growth strategies, and analyzing their core competencies and market share to anticipate the degree of competition prevailing in the market. This report also tracks and analyzes competitive developments, such as partnerships, mergers & acquisitions, new product developments, and Research & Development (R&D) activities in the radar simulator market. The base year considered for this study is 2016 and the forecast period is from 2017 to 2022.

The research methodology used to estimate and forecast the radar simulator market includes the study of data and revenue of key market players through secondary resources, such as annual reports, Federal Aviation Administration (FAA), International Air Transport Association (IATA), and Stockholm International Peace Research Institute (SIPRI). The bottom-up procedure was employed to arrive at the overall size of the radar simulator market from the revenue of key market players. After arriving at the overall market size, the radar simulator market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry experts, such as CEOs, VPs, directors, executives, and engineers.

These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

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