Global Synthetic Aperture Radar Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Synthetic Aperture Radar Market: Overview
“The global Synthetic Aperture Radar Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Synthetic aperture radar, also called as SAR, is used for creation of two-dimensional or three-dimensional reconstruction of a landscape or an object. It is commonly space borne or airborne radar system that generates remote sensory image with high resolution.
This system gathers data of the flight path to stimulate aperture or large antenna electronically. Synthetic aperture radar operates similar to phased array.
But instead of large number of parallel antennas, synthetic aperture radar uses one antenna in time multiplex.
It gathers data from different geographical locations that result into full moving platform. Synthetic aperture radar is used in defense systems for earth resource mapping, environmental monitoring, etc.
Global Synthetic Aperture Radar Market: Dynamics
Increasing use of synthetic aperture radars for proving situational awareness is a key factor driving growth of the global synthetic aperture radar market.
In addition, increasing need for mapping, intelligence data gathering, tracking and detecting in defense sector is another factor fueling growth of the global market.
Increasing adoption of radars for maritime and airborne surveillance is also a factor propelling growth of the target market. Furthermore, growing use of unmanned arial vehicles for tactical operations is a factor expected to support growth of the global synthetic aperture radar market over the forecast period.
However, high development cost for customization of synthetic aperture radar as per requirement is a factor that may hamper growth of the global synthetic aperture radar market.
In addition, limited bandwidth allocated by government is another factor that could affect growth of the global market. Nevertheless, growing deployment of space-based synthetic aperture radar systems can create high revenue opportunities for existing key players in the global market.
Global Synthetic Aperture Radar Market: Segment Analysis
Among the mode segments, the multimode segment is expected to register high growth in terms of revenue in the global market.
Among the application segments, the commercial segment is expected to register lucrative growth in terms of revenue over the forecast period. Increasing application of synthetic aperture radar in infrastructure management as well as for agriculture and geology applications is a factor propelling growth of this segment in the global market.
Global Synthetic Aperture Radar Market: Regional Analysis
Currently, market in North America is expected to dominate in the global market in terms of revenue, and is projected to register high growth over the forecast period. High military budget and increasing investments in R&D activities in defense sector are factors expected to support growth of the target market in this region.
In addition, increasing demand of radar systems for surveillance is a key factor driving growth of the synthetic aperture radar market in North America. Market in Asia Pacific is anticipated to register lucrative growth in terms of revenue in the next ten years, followed by markets in Europe, and Middle East & Africa and Latin America.
Global Synthetic Aperture Radar Market Segmentation:
Segmentation by Component:
Segmentation by Mode:
- Single Mode
Segmentation by Platform:
- Unmanned Aerial Vehicle (UAV)
Segmentation by Application:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Northrop Grumman Corporation
- Lockheed Martin Corporation
- Raytheon Company
- Israel Aerospace Industries Ltd.
- Thales Group
- Saab AB
- BAE Systems plc
- Cobham plc
- Harris Corporation
- Leonardo S.p.a.
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