Press release
Synthetic Aperture Radar Market Anticipated To Witness Robust Growth, Surpassing $9.16 Billion By 2029
Synthetic Aperture Radar
What Is the Projected Growth of the Synthetic Aperture Radar Market?
In recent times, the synthetic aperture radar market has experienced fast-paced growth. The market is estimated to expand from $4.87 billion in 2024 to $5.53 billion in 2025, at a compound annual growth rate (CAGR) of 13.7%. The surge in the previous years is due to its usage in military and defense operations, earth supervision and tracking, infrastructure evolution, satellite inaugurations, and management of natural resources.
The market size for synthetic aperture radar is projected to experience a substantial increase in the coming years, reaching $9.16 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 13.4%. Several factors contributing to this upcoming growth include the monitoring of climate change, urban planning and smart cities, precision agriculture, and the management of disasters and response. The forecast period also sees key trends such as the focus on continuous surveillance and monitoring, the use of SAR in climate studies and environmental monitoring, the application of SAR for emergency response and disaster management, the expansion of SAR for maritime surveillance, and partnerships for global coverage and SAR data sharing.
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What Are the Different Synthetic Aperture Radar Market Segments?
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 Or VHF Band
5) By Application: Military And Defense, Monitoring And Exploration
Subsegments:
1) By Receiver: Analog Receivers, Digital Receivers, Frequency-Selective Receivers
2) By Transmitter: Solid-State Transmitters, Magnetron Transmitters, Traveling Wave Tube (TWT) Transmitters
3) By Antenna: Phased Array Antennas, Parabolic Antennas, Aperture Antennas
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What Are the Primary Drivers Shaping the Synthetic Aperture Radar Market?
The surge in capital allocation towards UAVs for surveillance and attack purposes is fuelling the expansion of the synthetic aperture radar market. UAVs, due to their enhanced safety features, find use in countless scenarios. Their remote operation capabilities allow them to keep an eye on various locales, flag potential risks, and alert about dangerous situations like those at oil and gas refineries, pipelines, and flare stacks. In times of elevated risk, the military puts drone technology to use. The MILSAR SAR/MTI Radar is specifically designed for aerial platforms to carry out intelligence, surveillance, reconnaissance, deterrence, and attack operations. For example, in February 2024, The UK Ministry of Defense rolled out a fresh drone strategy, which involves an investment of at least 4.5 billion pounds ($5.7 billion) in new unmanned aerial systems over the coming decade. Hence, the surge in capital allocation towards UAVs for surveillance is set to bolster the growth of the synthetic aperture radar market.
Which Companies Are Leading in the Synthetic Aperture Radar Market?
Major companies operating in the synthetic aperture radar market include 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, SRC Inc., MetaSensing B.V., MetaSensing Group
What Are the Major Trends Shaping the Synthetic Aperture Radar Market?
Prominent firms in the synthetic aperture radar market are innovating advanced solutions like drone-based synthetic aperture radar (SAR) to expand their consumer reach and boost overall sales and revenue. Drone-based SAR involves combining synthetic aperture radar technology with drone or unmanned aerial vehicles (UAVs) technology. A case in point is GalaxEye Space, an Indian space technology start-up that launched its drone-based synthetic aperture radar (SAR) system in August 2023. This groundbreaking technology can deliver significantly detailed, high-resolution imagery in any weather type, even in tough weather conditions. With this successful launch, GalaxEye etched its name as India's first private firm to hit this landmark. The SAR system encompasses exclusive data fusion technology, marking a significant stride in harnessing space-based insights. This distinct capability allows satellite constellations to carry out all-weather imaging without hindrance from the atmospheric restrictions usually encountered by traditional single-sensor satellites. Thanks to its trailblazing technology, GalaxEye sets a new precedent for creating highly detailed images through a streamlined satellite constellation, totally transforming the realm of aerial drone-based synthetic aperture radar systems.
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What Are the Top Revenue-Generating Geographies in the Synthetic Aperture Radar Market?
North America was the largest region in the synthetic aperture radar market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the synthetic aperture radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Synthetic Aperture Radar Market?
2. What is the CAGR expected in the Synthetic Aperture Radar Market?
3. What Are the Key Innovations Transforming the Synthetic Aperture Radar Industry?
4. Which Region Is Leading the Synthetic Aperture Radar Market?
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