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Synthetic Aperture Radar In Space Sector Market New Edition, Latest Update and Technology Prospective 2021-2027

02-23-2021 11:48 AM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Synthetic Aperture Radar In Space Sector Market

Synthetic Aperture Radar In Space Sector Market

The global synthetic aperture radar in space sector market was valued at US$ 600.6 Mn in 2016 and is expected to be pegged at US$ 1,714.0 Mn by 2025, registering a CAGR of 12.50% over the forecast period. Increasing requirement of environment monitoring, public safety, and natural resource exploration is major factor fueling growth of the industry.
Synthetic Aperture Radar (SAR) systems are very important for the Earth Observation (EO) business. Synthetic aperture radar satellites system are typically more expensive to develop, and despite distinct advantages, the images are more complex, raising processing costs.

Conventional synthetic aperture radars can balance tens of thousands of pounds and as large as a school bus. This are additionally responsible for providing significant capabilities for remote sensing, communication and science, but this costs hundreds of millions of dollars per satellite and may require years to build and launch.  Owing to this huge investment required to construct, promotion and operation is expected to restraint the growth of the global synthetic aperture radar market during forecast period.

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Which are the prominent synthetic aperture radar in space sector market players across the globe?
Major players operating in the global synthetic aperture radar in space sector market include Airbus SE, Lockheed Martin Corporation, Israel Aerospace Industries, Thales Group, Northrop Grumman Corporation, MDA Information Systems, Raytheon Company, Harris Corporation, and BAE Systems.
Which segment based on application, accounted for the highest demand in the synthetic aperture radar in space sector market?
Among applications, defense application segment accounted for largest share in the global SAR in space sector market in 2016.

What are the key factors driving growth of the synthetic aperture radar in space sector market?
Increasing demand for technology in enhancing situational awarenessis one of the major factors that is expected to propel growth of the market over the forecast period.

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Email: sales@coherentmarketinsights.com

About Coherent Market Insights:-
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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