Posted by IMARC Group, a leading market research company, has recently releases report titled “Synthetic Aperture Radar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global synthetic aperture radar market share, size and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Synthetic Aperture Radar Market?
The global synthetic aperture radar market size reached US$ 3.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.0 Billion by 2028, exhibiting a growth rate (CAGR) of 10.6% during 2023-2028.
What is Synthetic Aperture Radar?
Synthetic aperture radar (SAR) is a device that collects data from radar signals and generates high-resolution remote sensing imagery. It transmits and receives microwave radar signals from the surface of the earth to detect physical properties using active sensors. It is widely used in military systems and environmental monitoring, which require broad area-imaging at high resolutions to detect changes in water levels, habitat, and moisture and analyze the effects of natural or human disturbances after earthquakes or sinkhole openings. As a result, SAR is gaining immense traction in the commercial and defense sectors.
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What are the growth prospects and trends in the synthetic aperture radar industry?
The market is primarily driven by growing situational awareness and the surging need to analyze early warnings against natural disasters. In addition, the increasing investment in surveillance and attack unmanned aerial vehicles (UAVs) due to the increasing threats from potential enemies is contributing to the market growth.
Moreover, the widespread adoption of SAR for biomass estimation, mineral exploration, vegetation cover mapping, and biological water monitoring for research purposes represents another major growth-inducing factor. Besides this, the increasing product applications in the agriculture sector to identify differences in surface roughness and enhance soil tillage, crop harvesting, and field plowing is providing a positive thrust to market growth.
Furthermore, technological advancements, extensive research and development (R&D) activities, and growing environmental concerns regarding disaster monitoring, environmental degradation, and climatic changes are also creating a positive market outlook across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
- Antenna
- Receiver
- Transmitter
Breakup by Mode:
- Single Mode
- Multi-Mode
Breakup by Frequency Band:
- X Band
- L Band
- C Band
- S Band
- K, Ku, Ka Band
- VHF/UHF Band
- Others
Breakup by Platform:
- Airborne
- Ground
Breakup by Application:
- Defense
- Commercial
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Airbus SE, Aselsan A., BAE Systems plc, Cobham Limited, General Atomics, Israel Aerospace Industries, L3Harris Technologies Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB and Thales Group.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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