Synthetic Aperture Radar (SAR) in Space Sector Market Emerging Growth by Top Players Airbus SE, Capella, BAE Systems, Iceye, Harris Corporation, Lockheed Martin Corporation, Israel Aerospace Industries, Northrop Grumman Corporation, MDA Information System

The study on the global market for Synthetic Aperture Radar (SAR) in Space Sector evaluated the historical and current performance of this market, especially highlighting the key trends and growth opportunities. According to the study, the rising demand for this product is driving the global market for Global Synthetic Aperture Radar (SAR) in Space Sector significantly. The expansion in the various related industry is also expected to reflect positively on the sales of Global Synthetic Aperture Radar (SAR) in Space Sector product over the next few years.

R&D activities to reduce the size and weight of the overall systems is expected to remain the prime focus of the industry participants. For instance, in January 2018, Iceye deployed its first micro-SAR satellite in the orbit with the ability to generate two and three-dimensional images for different applications. Such technological innovations are expected to present strong growth platform for the SAR in space sector from 2018 to 2024.

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In 2015, U.S. Department of Commerce (DoC) approved the license of XpressSAR Inc., to operate private and commercial synthetic aperture radars. It was the first 100% U.S. owned company approved to operate a constellation of four X band radars for commercial applications. Utilization of the imagery data for commercial applications is to be among the prominent trend gaining traction across the globe. Moreover, revenue generation opportunities presented by these solutions is expected to leverage the competitive scenario and SAR in space sector market growth.

High costs associated with the designing, development, deployment, and high complexity in developing usable image from the reflected microwaves is expected to be the major factor hampering the overall business growth. Requirement of large space and heavy weight of the systems, in conjunction with the necessity of support systems is expected to restrain the growth of the SAR in space sector market share.

Single frequency band is expected to continue its dominance in the global SAR in space sector market share. High utilization of single frequencies for appropriate missions, specifically for military surveillance and reconnaissance will drive the segment growth. In 2017, X band synthetic aperture radar dominated the single frequency band. This can be credited to its extensive applications in military surveillance, geographical mapping and reconnaissance.
Research & commercial application segment is projected to witness significant gains over the forecast limeline. High growth opportunity through its commercial applications for disaster management, natural resource exploration, meteorology, and navigation will strengthen the segment growth prospects.

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Requirement for high resolution remote sensing and imaging solutions development for earth observation, biomass measurement, weather monitoring, ocean monitoring, and space exploration is expected to be the prominent factor fueling the SAR in space sector market. Requirement of optimum lighting conditions and absence of cloud cover for efficient operations of optical imaging solutions are expected to leverage the radar solutions demand over the forecast period.

Europe SAR in space sector market contributed the largest industry share in 2017 and is expected to surpass USD 2.3 billion by 2024. Multiple planned and ongoing missions in the region, including multi-constellation satellites and follow on missions in Russia, Germany, Finland and the UK will drive the industry growth. Moreover, according to ESA budget for 2018, 52% of the assigned budget capital was dedicated towards navigation, scientific program, earth observation, situational awareness, and technology support. These operations will require increased utilization of microwave-based radars, inadvertently propelling the regional growth.
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.

High emphasis on the deployment of multi-constellation satellite for regular information updates on the global level is expected to fuel the industry competition for commercial space. For instance, Capella Space has announced the plans for deploying constellation of 31 satellites by 2020 for hourly updates on the earth observation data.

There are 14 Chapters to deeply display the Synthetic Aperture Radar (SAR) in Space Sector market

Chapter 1: To describe Synthetic Aperture Radar (SAR) in Space Sector Market Overview, Introduction, product scope, market opportunities, Application.

Chapter 2: To analyze the Top Manufacturers of Synthetic Aperture Radar (SAR) in Space Sector, with sales, capacity, production, revenue, and price of Synthetic Aperture Radar (SAR) in Space Sector, in 2014 and 2019.

Chapter 3: Synthetic Aperture Radar (SAR) in Space Sector, to display the competitive situation among the top manufacturers with capacity, production, share by region, sales, revenue, gross margin and market share in 2014 and 2019.

Chapter 4: To show the market by regions, supply, consumption, with sales, export-import, revenue and market share of Synthetic Aperture Radar (SAR) in Space Sector, for each region, from 2014 Synthetic Aperture Radar (SAR) in Space Sector to 2019.

Chapter 5, 6, 7, 8 and 9 To analyze the market by countries, by type, by application and by manufacturers, with sales, analysis by application, revenue and market share by key countries in these regions.

Chapter 10 and 11 To show the market by type and application, with sales market share and growth rate by type, strategy analysis and factor analysis from 2016 Synthetic Aperture Radar (SAR) in Space Sector to 2019.

Chapter 12 Synthetic Aperture Radar (SAR) in Space Sector market forecast, by regions, type, with sales and revenue, growth rate, price Forecast from 2019 to 2025 Synthetic Aperture Radar (SAR) in Space Sector.

Chapter 13: Connected Synthetic Aperture Radar (SAR) in Space Sector market.

Chapter 14: To describe Synthetic Aperture Radar (SAR) in Space Sector market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

Complete report titled at https://www.marketstudyreport.com/reports/synthetic-aperture-radar-sar-in-space-sector-market

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