Synthetic Aperture Radar Market Evolving Technology, Segmentation and Industry Analysis 2020-2026 |Airbus, BAE Systems, Harris Corporation, Lockheed Martin, Thales, Raytheon, IAI - Israel Aerospace Industries, Northrop Grumman

The synthetic aperture radar market is poised to amass significant gains on account of rising demand for high-resolution SAR images that help achieve more insightful information. As the technological landscape advances, more and more SAR industry players are incorporating new technologies with existing SAR systems to enhance their capabilities. Meanwhile, growing number of government contracts and R&D activities geared towards developing the next-generation SAR technologies are massively aiding synthetic aperture radar market growth.

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Developing countries like China and India are witnessing a change in their investment trends to promote the development of in-house SAR technologies. These countries are actively helping indigenous manufacturers to improve their production capabilities in efforts to minimize the country's foreign dependency. Considering these trends, Global Market Insights, Inc. forecasts that the synthetic aperture radar market could surpass USD 9 billion by 2026.

Company profiled in synthetic aperture radar market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Airbus SE
2. Capella
3. BAE Systems
4. Iceye
5. Harris Corporation
6. Lockheed Martin Corporation
7. Israel Aerospace Industries
8. Northrop Grumman Corporation
9. MDA Information Systems
10. Thales Group
11. Raytheon Compan

Over the years, prominent players and government organizations have developed a significant interest in synthetic aperture radar technologies, and are actively investing in numerous SAR R&D activities. These programs mainly focus on curbing manufacturing as well as operational costs. Whereas, other key technological advancements involve improved identification and resolution capabilities, which could scale the overall output of SAR solutions.

Citing an instance, in January of 2020 ICEYE launched a product, which is capable of identifying ships and numerous different dark vessels in the ocean, which could not be detected by Automatic Identification System (AIS) transponders previously.

Proliferating demand for multi-purpose miniature synthetic aperture radars due to benefits that help them minimize operational costs could fuel the deployment of SAR systems over the projected timeframe. These miniature SAR have played a crucial role in enhancing the system's overall application scope.

Taking April 2018 for instance, SRI International successfully showcased the operation of high-resolution SAR imagery from a small hobby-grade, low-cost UAV. The high resolution, low cost, and small size of SAR facilitates seamless integration with UAVs, thereby, multiplying its frequency of visits over a particular region.

Largescale private investments and government initiatives to develop the abilities of indigenous SAR manufacturers are expected to expand the Asia Pacific synthetic aperture radar market over the coming years. Meanwhile, growing prevalence of strategic regional collaboration in order to broaden their geographical reach could fuel the demand for SAR technologies in North America.

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In fact, back in October of 2014, ISRO and NASA inked a deal at the International Astronautical Congress (IAC) to design, develop, and rollout L band SAR satellites. Reportedly, the project was called NISAR and had an estimated budget of more than USD 1.5 billion. The satellite developed under this project is anticipated to go live by 2021.

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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