Synthetic Aperture Radar Market Trends, Top Companies, Share, Growth And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Synthetic Aperture Radar Market Size, Growth Rate, And Forecast
The global synthetic aperture radar market size grew from $3.87 billion in 2022 to $4.45 billion in 2023 at a compound annual growth rate (CAGR) of 15.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The synthetic aperture radar market size is expected to grow to $7.4 billion in 2027 at a CAGR of 13.5%.

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Synthetic Aperture Radar Market Drivers
An increase in the investment in the UAVs for surveillance and attacks is contributing to the growth of the synthetic aperture radar market. UAVs are used in numerous occurrences due to their advancement in safety. With their remote-control abilities, drones monitor locations, communicate possible hazards, they notify threatening conditions like oil and gas refineries, pipelines, and flare stacks. Drone Technology is employed in the military during high-risk periods. MILSAR SAR/MTI Radar is designed to be used on airborne platforms for intelligence, surveillance, reconnaissance, deterrence, and attack operations. For instance, according to Hindu data 2021, an Indian national daily agency, India is set to finalize a long-conceived proposal to procure 30 multi-mission armed Predator drones from the U.S. for the three services at a cost of nearly $3 billion (around 22,000 crores). Thus, increase in investments in the UAVs for surveillance will drive the growth of the synthetic aperture radar market.

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Synthetic Aperture Radar Market Segments
• By Component: Receiver, Transmitter, Antenna

• By Platform: Airborne, Ground

• By Mode: Single Mode, Multimode

• By Frequency Band: X Band, L Band, C Band, S Band, K, Ku, Ka Band, UHF/VHF Band

• By Application: Military and Defense, Monitoring and Exploration

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the synthetic aperture radar market.

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Synthetic Aperture Radar Market Key Players
Major competitors in the synthetic aperture radar market include Lockheed Martin Corporation, Airbus Defense and Space, Aselsan A.S., BAE Systems PLC., General Atomics Aeronautical Systems Inc., L3Harris Technologies, Israel Aerospace Industries Ltd., Leonardo SpA, Northrop Grumman Corporation, Raytheon Company, Saab AB, Thales Group, Capella Space, MDA Corporation, SkyGeo, OHB System AG, ICEYE, IMSAR LLC, SAR AERO, SRC Inc., MetaSensing Group, UrtheCast Corp, Sandia National Laboratories, SSTL and EarthDaily Analytics.

The Business Research Company's "Global Synthetic Aperture Radar Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Synthetic Aperture Radar Market Include:
1. Executive Summary
2. Synthetic Aperture Radar Market Characteristics
3. Synthetic Aperture Radar Market Trends And Strategies
4. Synthetic Aperture Radar Market - Macro Economic Scenario
5. Synthetic Aperture Radar Market Size And Growth
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26. Africa Synthetic Aperture Radar Market
27. Synthetic Aperture Radar Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Synthetic Aperture Radar Market
29. Synthetic Aperture Radar Market Future Outlook and Potential Analysis
30. Appendix

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