Press release
Synthetic Aperture Radar Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2028
The global synthetic aperture radar market size is expected to reach USD 5.51 Billion in 2028 and register a revenue CAGR of 10.7% over the forecast period, according to the latest analysis by Emergen Research. Surge in demand for radar systems for various applications such as surveillance is a key factor driving global synthetic aperture radar market revenue growth. Flexibility of synthetic aperture radar is driving market growth. Synthetic aperture radar satellites, and constellations have capability to capture images from several directions and viewing angles. It further enables more frequent imaging of targets with less number of satellites. Utilizing synthetic aperture radar satellites makes it possible to get detailed images, and it can accurately detect small objects such as vehicles. In addition, synthetic aperture radar has ability to identify topography and surface features in three-dimension and with high accuracy. Moreover, increasing advancements in satellites and radar imaging technologies are also fueling revenue growth of the global synthetic aperture radar market.The latest and updated research report on the Global Synthetic Aperture Radar Market covers a comprehensive overview of the Synthetic Aperture Radar market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Synthetic Aperture Radar market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
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Some Key Highlights from the Report
In September 2020, IMSAR LLC and Primoco UAV SE successfully executed incorporation and initial flight testing of NSP-7 Synthetic Aperture Radar on the Primoco One 150 UAV. NSP-7 is a small-size, low weight, power, and cost (SWaP-C) multi-mode Ku-band radar system. This radar works in various modes such as Magnitude and Coherent Change Detection (MCD / CCD), Ground and Maritime Moving Target Indicator (GMTI / MMTI), and high resolution Synthetic Aperture Radar (SAR) imaging. Furthermore, NSP-7 system can work in day and night as well as in all types of weather conditions. In addition, it functions in low-visibility conditions also, which are caused by fog and smoke.
Multi-mode segment accounted for largest revenue share in 2020. Multi-mode has capability to capture images according to application requirements and also has ability to be used in different operating modes. Multi-mode system offers improved elevation and multiple sub-swaths to capture images. In addition, multi-mode is cost efficient. These factors are driving adoption of multi-mode systems and boosting revenue growth of this segment.
X-band segment is expected to register rapid growth rate during the forecast period owing to benefits of this type such as small size antennas and ability to detect tiny particles in radar, and equipment used in this band is less costly.
In 2020, transmitter segment accounted for significant revenue share attributed to its benefits, such as low maintenance, and high reliability. In addition, they are simply designed and allow remote calibration or repositioning wirelessly. High accuracy and single penetration into the measured cycle are some benefits which are driving growth of this segment.
The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
Prominent Players Analyzed in the Report:
Northern Private Capital, Inc., Raytheon Technologies Corporation, Airbus, Lockheed Martin Corporation, Thales Group, Israel Aerospace Industries, L3Harris Technologies, Inc., BAE Systems plc, Leonardo S.p.A, and Saab AB.
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Furthermore, the report divides the Synthetic Aperture Radar market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
Emergen Research has segmented the global synthetic aperture radar market on the basis of component, platform, frequency band, application, mode, and region:
Component Outlook (Revenue, USD Billion; 2018-2028)
Receiver
Transmitter
Antenna
Platform Outlook (Revenue, USD Billion; 2018-2028)
Airborne
Ground
Frequency Band Outlook (Revenue, USD Billion; 2018-2028)
X Band
L Band
C Band
S Band
K, Ku, Ka Band
UHF / VHF Band
Others
Application Outlook (Revenue, USD Billion; 2018-2028)
Defense
Commercial
Mode Outlook (Revenue, USD Billion; 2018-2028)
Multi-Mode
Single Mode
The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2028. According to the regional analysis, the market is primarily spread over key geographical regions as follows:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter's Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Overview of the Synthetic Aperture Radar Market Report:
Introduction, Product Scope, Market Overview, and Opportunities
Analysis of the Manufacturers with sales, revenue, and price analysis
Comprehensive analysis of the competitive landscape
Extensive profiling of the key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share, and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
In-depth analysis of the risks, restraints, and limitations in the Synthetic Aperture Radar industry
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