The global synthetic aperture radar market size is expected to reach USD 5.51 Billion in 2028 and register a revenue CAGR of 10.7% over the forecast period, Surge in demand for radar systems for various applications such as surveillance is a key factor driving global synthetic aperture radar market revenue growth.
Emergen Research has recently published a new report on the Global Synthetic Aperture Radar market that offers key insights about the regional and global scope of the Synthetic Aperture Radar market. It offers key details about the recent product launches, technological advancements, supply and demand ratio, and regulatory framework. The report also offers details about market size, market share, revenue growth, and CAGR during the forecast period of 2021-2028. The report also offers key insights about top companies in the market along with a thorough SWOT analysis, Porter’s Five Forces analysis, and feasibility analysis to offer competitive edge to the readers. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic.
Flexibility of synthetic aperture radar is driving market growth. Synthetic aperture radar satellites, and constellations have capability to capture images from several directions and viewing angles. It further enables more frequent imaging of targets with less number of satellites. Utilizing synthetic aperture radar satellites makes it possible to get detailed images, and it can accurately detect small objects such as vehicles. In addition, synthetic aperture radar has ability to identify topography and surface features in three-dimension and with high accuracy. Moreover, increasing advancements in satellites and radar imaging technologies are also fueling revenue growth of the global synthetic aperture radar market.
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The report also discusses the key players involved in the market such as Private Capital, Inc., Raytheon Technologies Corporation, Airbus, Lockheed Martin Corporation, Thales Group, Israel Aerospace Industries, L3Harris Technologies, Inc., BAE Systems plc, Leonardo S.p.A, and Saab AB. and others as well as new entrants in the market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Synthetic Aperture Radar market
Sales revenue by key players and new entrants
Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight to recent trends and opportunities
The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The report also offers a country wise analysis to impart better understanding of the global Synthetic Aperture Radar market with regards to market share, market size, production and consumption ratio, product launches and R&D activities, investment opportunities, and presence of key players in the region.
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The report further segments the global Synthetic Aperture Radar market on the basis of product types and applications and provides insights into key factors influencing the revenue growth of the segments.
Some Key Highlights From the Report
In September 2020, IMSAR LLC and Primoco UAV SE successfully executed incorporation and initial flight testing of NSP-7 Synthetic Aperture Radar on the Primoco One 150 UAV. NSP-7 is a small-size, low weight, power, and cost (SWaP-C) multi-mode Ku-band radar system. This radar works in various modes such as Magnitude and Coherent Change Detection (MCD / CCD), Ground and Maritime Moving Target Indicator (GMTI / MMTI), and high resolution Synthetic Aperture Radar (SAR) imaging. Furthermore, NSP-7 system can work in day and night as well as in all types of weather conditions. In addition, it functions in low-visibility conditions also, which are caused by fog and smoke.
Multi-mode segment accounted for largest revenue share in 2020. Multi-mode has capability to capture images according to application requirements and also has ability to be used in different operating modes. Multi-mode system offers improved elevation and multiple sub-swaths to capture images. In addition, multi-mode is cost efficient. These factors are driving adoption of multi-mode systems and boosting revenue growth of this segment.
X-band segment is expected to register rapid growth rate during the forecast period owing to benefits of this type such as small size antennas and ability to detect tiny particles in radar, and equipment used in this band is less costly.
Emergen Research has segmented the global synthetic aperture radar market on the basis of component, platform, frequency band, application, mode, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Platform Outlook (Revenue, USD Billion; 2018–2028)
Frequency Band Outlook (Revenue, USD Billion; 2018–2028)
K, Ku, Ka Band
UHF / VHF Band
Application Outlook (Revenue, USD Billion; 2018–2028)
Mode Outlook (Revenue, USD Billion; 2018–2028)
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The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
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