Press release
Airborne Synthetic Aperture Radar Market Status and Business Outlook 2021 to 2027 |Lockheed Martin, Northrop Grumman, Raytheon Technologies
The Airborne Synthetic Aperture Radar Market Report 2021-2027 provides global market size, regional and national level market size, market segment growth, market share, competitive landscape, sales analysis, influence of domestic and global market participants, and value chain Detailed analysis of optimization, trade regulations, latest developments, opportunity analysis, strategic market growth analysis, product launches, regional market expansion and technological innovation.Airborne Synthetic Aperture Radar Market refers to the protection of the economy’s assets, systems and networks, including communications, emergency services, energy, finance, food, government and public services, from threats and damage, which is essential for the operation of the country.
In accordance with the Airborne Synthetic Aperture Radar Market is set to grow at a CAGR of 12.34 % over the forecast period (2021-2027).
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MARKET OVERVIEW
The pandemic has led to the increased demand for satellite imagery, including studying the economic impact of the virus and conducting remote monitoring of facilities and infrastructure. The demand grew from the oil and gas industry; for instance, Ursa Space Systems, which offers satellite data and analytics, observed the impact of COVID-19 on global oil inventories, as the company provides weekly reports on 11,000 oil storage tanks, which are observed with SAR satellites.
In the past, Synthetic Aperture Radar (SAR) systems were used for studying the interaction of electromagnetic waves with the Earth's surface; in recent times, the development of multi-channel SAR systems enabled the development of more sophisticated techniques for surveillance activities. The SAR instrument provides high-resolution data for wide-area surveillance under all weather conditions.
Leading companies in the global Airborne Synthetic Aperture Radar market.
Lockheed Martin, Northrop Grumman, Raytheon Technologies, Thales Group, Saab AB, L3Harris Technologies, BAE Systems, Leonardo, ASELSAN, Cobham, IAI
INDUSTRY NEWS
BAE System has acquired 26 companies, including 8 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 5 assets.
BAE System’s largest acquisition to date was in 2005, when it acquired United Defense Industries for $4.2B. It’s largest disclosed sale occurred in 2012, when it sold Safariland to Palm Beach Capital for $124M. BAE System has acquired in 9 different US states, and 5 countries. The Company’s most targeted sectors include aerospace (16%) and defense (16%).
The report based on the type of Airborne Synthetic Aperture Radar market is broken down:
Single Mode
Multi-Mode
On the basis of segmentation by application, the key Airborne Synthetic Aperture Radar market can be subdivided into:
Defense
Environmental Monitoring
Natural Resource Exploration
Others
Global Airborne Synthetic Aperture Radar Market is further classified on the basis of region as follows:
North America (United States, Canada), Market size, Y-O-Y Growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
REGIONAL ANALYSIS
North America to Occupy the Largest Market Share
North America is home to some of the major players in the market, such as Lockheed Martin Corporation, Northrop Grumman Corporation, and Raytheon Company. The presence of such significant players drives the technological investment for synthetic aperture radar (SAR), leading to the market's growth.
The United States has one of the most significant defense budgets globally and has been proactively investing in R&D activities. The defense budget is increasing each year rapidly. For the fiscal year (FY) 2022, the defense department proposed USD 715 billion for the Pentagon, an increase of about USD 10 billion from what was allocated to the Pentagon in FY 2021.
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Highlights of the Airborne Synthetic Aperture Radar Market
Quantitative market information and forecasts of the global Airborne Synthetic Aperture Radar Market industry by type, end use, and geographic region.
Expert analysis of key technology, demographic, economic and regulatory factors that will promote the development of Airborne Synthetic Aperture Radar Market until 2027.
Market opportunities and new investment proposals.
Growth prospects among emerging countries by 2027.
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The report provides a summary of the important functions and key Airborne Synthetic Aperture Radar market:
Detailed Airborne Synthetic Aperture Radar market overview
The report provides a precise analysis of changing competitive dynamics.
In-depth market segmentation by type, application, etc.
Historical, current and projected market size in terms of volume and value.
Recent industry trends and developments.
The competitive landscape of the cyber security market for key Airborne Synthetic Aperture Radar .
Key players and product strategy.
Potential and segmented markets/regions are showing considerable growth.
Finally, the key Airborne Synthetic Aperture Radar market report is a reliable source of market research that will accelerate your business exponentially. The report also proposes a new task SWOT review, speculative accessibility investigation and risk-reward investigation.
We also provide customized reports based on specific customer requirements:
1- Country/region analysis of any 5 countries/regions you choose.
2- Competitive analysis of any 5 major market participants.
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