Press release
Synthetic Aperture Radar Market 2022: Global Analysis of Key Manufacturers, Dynamics & Forecast 2027
The Synthetic Aperture Radar Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Synthetic Aperture Radar market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Synthetic Aperture Radar market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Synthetic Aperture Radar market.The synthetic aperture radar market was valued at USD 3.32 billion in 2020, and it is expected to reach USD 6.47 billion by 2026, at a CAGR of 11.6%, during the forecast period (2021 - 2026).
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Top Leading Companies of Synthetic Aperture Radar Market are - Lockheed Martin Corporation, Airbus Defense and Space, Aselsan A.S., BAE Systems Plc, Cobham Plc, General Atomics Aeronautical Systems Inc., Harris Corporation, IMSAR LLC, Israel Aerospace Industries Ltd, Leonardo SpA, Maxar Technologies Ltd, MetaSensing Group, Northrop Grumman Corporation, Raytheon Company, Saab AB, SAR AERO, SRC Inc., Thales Group and others.
Industry News and Updates:
- Sep 2020 - IMSAR and Primoco UAV successfully performed the integration and preliminary flight testing of the NSP-7 Synthetic Aperture Radar on the Primoco One 150 UAV. The live flight tests in the Czech Republic verified the aircraft performance and confirmed flight endurance of up to 10 hours. With the SAR radar installed on the portside of the fuselage, the payload bay remains unobstructed and it also allows simultaneous installation and operation of the EO/IR surveillance system.
- Sep 2020 - Finnish start-up ICEYE, which has been building and operating a constellation of Synthetic-Aperture Radar (SAR) small satellites, raised another USD 87 million Series C round of financing. The round was led by the existing investor True Ventures and includes participation by OTB Ventures. This brings the total funding for the company to USD 152 million since its founding in 2014. The company has already launched a total of five SAR satellites and is planning to launch an additional four later this year, with a plan to add eight more by 2021.
Key Market Trends:
Military & Defense Sector to Account for a Significant Demand
- In military applications, a synthetic aperture radar is used to detect surface features, like building complexes and missile sites, and topographical features of the surrounding terrain. Thus, it is used in battlefield reconnaissance, weapon guidance, and mission planning for future operations.
- The increase in the military and defense spending is enabling the defense sector to develop missiles with improved precision targeting. Compared to an airborne SAR, missile-borne SAR has various important characteristics, such as high flight speed with straight movement and a large squint angle, which are crucial elements in measuring the precision in real-time.
North America to Occupy the Largest Market Share
- The United States has been a pioneer in the field of advanced technologies and applications across the military, agriculture, construction, and oil and mining exploration sectors. In 2016, the US government eased the laws aimed at allowing drone use for agriculture, construction, research and development, educational and academic use, and power line, and pipeline and antenna inspections, among various others.
- This is further expected to result in increase in commercial drone fleet as well. Owing to this, the Federal Aviation Authority estimates that the commercial drone fleet will grow from 42,000 at the end of 2016 to about 442,000 aircraft by 2021, further driving the demand for SAR in drone deployment.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Synthetic Aperture Radar Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Synthetic Aperture Radar Market (%),2016 - 2026
- Synthetic Aperture Radar Market Share, By Brand
- Synthetic Aperture Radar Market Share, By Company
- Synthetic Aperture Radar Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Synthetic Aperture Radar Market Value Analysis & Forecast
- Promising Synthetic Aperture Radar Development by Major Companies
- Detailed Synthetic Aperture Radar Portfolio of the Major Companies
- Major Deals in the Synthetic Aperture Radar Market
- Major Companies Analysis
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- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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