Synthetic Aperture Radar Market to Grow from $4.36 Billion in 2023 to $8.29 Billion in 2028 at 13.7% CAGR

The new report published by The Business Research Company, titled ""Synthetic Aperture Radar Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the synthetic aperture radar market size has grown rapidly in recent years. It will grow from $4.36 billion in 2023 to $4.97 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The synthetic aperture radar market size is expected to see rapid growth in the next few years. It will grow to $8.29 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%.

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Surveillance UAV Investments Propel Growth In The Synthetic Aperture Radar Market
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 such as 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.

Innovative Products In The Synthetic Aperture Radar Market
Major companies operating in the synthetic aperture radar market are developing advanced products, such as drone-based synthetic aperture radar (SAR), to meet larger customer bases, increase sales, and increase revenue. Drone-based synthetic aperture radar (SAR) refers to the integration of synthetic aperture radar technology with unmanned aerial vehicles (UAVs) or drones. For instance, in August 2023, GalaxEye Space, an India-based space tech startup, launched an aerial drone-based synthetic aperture radar (SAR) system. This state-of-the-art technology offers the capability of delivering remarkably detailed and high-resolution all-weather imaging, even under challenging weather conditions. GalaxEye's successful development and demonstration of this innovation establish it as the first private company in India to achieve such a milestone. The SAR system incorporates proprietary data fusion technology, representing a significant advancement in space-based insights. This unique feature enables satellite constellations to conduct all-weather imaging without being impeded by the atmospheric constraints that traditional single-sensor satellites encounter. GalaxEye's pioneering technology sets the stage for generating highly detailed images through a compact satellite constellation, revolutionizing aerial drone-based synthetic aperture radar systems.

The synthetic aperture radar market covered in this report is segmented -
1) By Component: Receiver, Transmitter, Antenna
2) By Platform: Airborne, Ground
3) By Mode: Single Mode, Multimode
4) By Frequency Band: X Band, L Band, C Band, S Band, K, Ku, Ka Band, UHF/VHF Band
5) By Application: Military and Defense, Monitoring and Exploration

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Major companies operating in the synthetic aperture radar market report are Raytheon Technologies Corporation, Airbus Defence and Space S.A.S., Lockheed Martin Corporation, German Aerospace Center, Northrop Grumman Corporation, BAE Systems plc, Thales Group, L3Harris Technologies Inc., Leonardo S.p.A., General Atomics Aeronautical Systems Inc., Israel Aerospace Industries Ltd., Saab AB, SAR Aero Inc., Cobham plc, Aselsan A.S., OHB SE, MacDonald Dettwiler and Associates Ltd., ICEYE Oyj, Intellisense Systems Inc., Capella Space Corporation, IMSAR LLC, Azavea Inc., EarthDaily Analytics Corporation, Orbital Insight Inc., SRC Inc., MetaSensing B.V., MetaSensing Group

Contents of the report:
1. Executive Summary
2. Synthetic Aperture Radar Market Report Structure
3. Synthetic Aperture Radar Market Trends And Strategies
4. Synthetic Aperture Radar Market - Macro Economic Scenario
5. Synthetic Aperture Radar Market Size And Growth
…..
27. Synthetic Aperture Radar Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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