What’s driving SAR in space sector market trends? | Key Players are Harris Space and Intelligence Systems, Terra SAR-X, OptiSAR and startups like ICEYE and Capella Space.

In an age where information is power, the synthetic aperture SAR in space sector market has permitted governments and organizations access to high resolution imagery for supporting advanced sensing and monitoring systems.

With the ability to gather data efficiently even in the most challenging weathers, SAR is a significant tool for surveillance and remote detection especially in the tropical regions that are covered under clouds for most of the year. The growing adoption of SAR in environmental screening and military applications is particularly expected to bolster the global SAR in space sector market.

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In 2015, U.S. Department of Commerce (DoC) approved the license of Xpress SAR 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.

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 Synthetic Aperture Radar market in space sector from 2018 to 2024.

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Single frequency band is expected to continue its dominance in the global SAR in 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.

Having already secured a commendable proportion of authority, Europe currently stands as one of the most profitable avenues for SAR in space sector market. As per a market assessment report, with Germany, Russia, UK, and Finland at the forefront, the regional market is slated to cross USD 2 billion by 2024. The widespread proliferation of SAR in space sector market across the European belt is rather validated from the increasing number of ongoing projects related to space sector and the technology interventions in this vertical.

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Global SAR in in space sector market 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 Synthetic Aperture Radar market 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.

The agreement is indicative of the groundbreaking innovations brought forth by European manufacturers, which are in turn proliferating the regional SAR in space sector market trends. Allegedly, the European Space Agency’s 2018 budget allocated around 52% of the overall capital on space exploration activities.

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