Synthetic Aperture Radar Market is expand at a CAGR of 11.5% between 2023 and 2031. Synthetic aperture radar offers one of the most accurate methods for producing highly detailed scans of targets from space and air. By using radar antenna moving over the targeted region, synthetic aperture radar offers fine resolution compared to conventional beam scanning systems. Synthetic aperture radar is typically used onboard moving platforms such as military aircraft or spacecraft. Increasing investment in surveillance and other defense is the major factor for synthetic aperture radar market growth.
In defense, synthetic aperture radar enables to detect missile sites as well as to map territory of the opponent to plan further operations. Synthetic aperture radar attached with military aircraft offers easy collection of crucial information to resolve situational problems such as sudden changes in climate, disaster management, resource monitoring and few others. On the other hand, escalating demand for multipurpose satellite imagery, earth scanning application, need for change in conventional disaster detection methods is constantly increasing. These factors are showing great potential for synthetic aperture radar market.
Seawater motion signatures imaging is one of the most vital and traditional applications of synthetic aperture radar; whereas, digital elevation model is among the emerging applications. In 2010, data from synthetic aperture radar of satellite named Cassini was used to produce digital model of hydrocarbon lake on Titan. Furthermore, synthetic aperture radar is finding new applications including shipping & transportation, agriculture, natural resources and others. With advancement in radar technology, geosynchronous synthetic aperture radar have been developed that is used to inspect area under rapidly moving format. Application such as atmospheric phase measurement, ground motions & geo hazards monitoring and others are going to gain traction due to geosynchronous SAR. Such vital applications of this advancement makes it important for the future development of synthetic aperture radar market.
North America is the most prominent geographic region for synthetic aperture radar market. Heavy expenditure over defense and surveillance systems along with prolonged penetration of synthetic aperture radar are major factors responsible for market growth. Nevertheless, growing scientific research operations and defense budget in Asia Pacific region are showing significant potential for synthetic aperture radar market.
DRIVER
Increasing demand for synthetic aperture radar from military and defense sector
OPPORTUNITY
Rising development of dual-band synthetic aperture radars
RESTRAINT
The Cost Involved in The Development of a Synthetic Aperture Radar
Key Players Identified in Synthetic Aperture Radar Market include but are not limited to:
Israel Aerospace Industries (IAI), Northrop Grumman Corporation, Airbus S.A.S, Raytheon Technologies Corporation, Leonardo S.p.A, MDA Corporation, Capella Space and Others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Synthetic Aperture Radar market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report