Synthetic Aperture Radar Market Size, Share, Growth, Trends And Industry Analysis Report 2023-2032

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

The Business Research Company's Synthetic Aperture Radar Global Market Report 2023 identifies an increase in the investment in the UAVs for surveillance and attacks as the major driver for the synthetic aperture radar market's growth in the forecast period. 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.

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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Major competitors in the synthetic aperture radar market are 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.

A key trend in the synthetic aperture radar market includes technological advancement. Many companies are developing new products to provide and enhanced experience to its users. For instance, in June 2020, PredaSAR Corporation, a US-based synthetic aperture radar solutions company launched advanced 48 Satellite Synthetic Aperture Radar (SAR) Constellation for commercial and government applications. These advanced SARs offer unprecedented image quality, unmatched global persistence, and rapid data delivery. These advanced SARs will offer high-resolution images at any time of day and in any weather condition, overcoming natural limitations of traditional optical satellites.

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The synthetic aperture radar market is segmented -
•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.

The Business Research Company's "Global Synthetic Aperture Radar Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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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
……
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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