Synthetic Aperture Radar (SAR) In Space Sector Market 2018 By Key Industry Players Airbus, BAE Systems, Harris Corporation, Lockheed Martin, Northrop Grumman, Raytheon, Thales

Europe Synthetic Aperture Radar (SAR) In Space Sector Market is expected to cross USD 2 billion by 2024. This can be credited to the high number of projects in Russia, Germany, the UK, and Finland. Moreover, high emphasis of European Space Agency (ESA) on navigation, earth observation, scientific program, technology support, and situational awareness has significantly contributed to the industry growth. According to the ESA budget for 2018, over 52% of the assigned budget capital was dedicated towards these activities, driving the SAR in space sector market growth.

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Synthetic Aperture Radar (SAR) In Space Sector Market size is estimated to exceed USD 4 billion by 2024; according to a new research report by Global Market Insights, Inc.

Remote sensing solutions for developing high resolution imagery for applications of earth observation, weather monitoring, biomass measurement, space exploration, and ocean monitoring is expected to provide strong growth opportunity for SAR in space sector market. Moreover, capability of these systems to perform efficiently, even in absence of light and cloudy weather conditions will inadvertently propel the industry growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Airbus SE
2. BAE Systems
3. Capella
4. Harris Corporation
5. Iceye
6. Israel Aerospace Industries
7. Lockheed Martin Corporation
8. MDA Information Systems
9. Northrop Grumman Corporation
10. Raytheon Company
11. Thales Group
12. Uthercast

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Growing commercialization of imagery data obtained through these satellites are among the major trend gaining traction in the SAR in space sector market. Requirement to capitalize on these business opportunities has in turn led to intense competitive scenario among the industry participants. For instance, in October 2015, U.S. Department of Commerce (DoC) provided the license to XpressSAR Inc. to operate commercial and private space based synthetic aperture radar sensing system. It was the first wholly U.S. owned company approved to operate constellation of four commercial X-Band radar satellites.

Research & commercial applications are expected to witness inorganic growth over the forecast timeframe. Significant growth opportunity in the disaster management, weather updates, meteorology, navigation and natural resource exploration are among the dominant end use that will provide the strong growth prospects to the SAR in space sector market. For instance, multiple constellation projects in Canada are expected to largely focus on the maritime navigation and ocean surveillance for tracking the trade and transport in the North Atlantic Ocean.

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Global SAR in space sector is consolidated in nature with limited presence of the participants contributing the significant share of the industry. This can be attributed to the high initial capital requirement, skilled workforce, and the heavy procedural government approvals required for the projects. Some of the major players in the SAR in space sector market include Airbus SE, Capella, BAE Systems, Iceye, Harris Corporation, Lockheed Martin Corporation, Israel Aerospace Industries, Northrop Grumman Corporation, MDA Information Systems, Thales Group, Raytheon Company, and Uthercast.

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