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Global Synthetic Aperture Radar (SAR) Market growing at a CAGR of 11.8% from 2023 to 2030

Category : Aerospace and Defence | Published Date : May 2023

Key Market Overview

Consegic Business Intelligence analyzes that the global Synthetic Aperture Radar (SAR) market is predicted to grow at a compound annual growth rate of 11.8% during the period 2023-2030 and is expected to reach USD 9,521.18 Million in 2030 which was valued at USD 3,985.89 Million in 2022.

The report highlights the growing need for high-resolution imaging solutions in defense & surveillance and environmental monitoring applications such as disaster management resulting in the market growth. Consegic Business Intelligence provides an inclusive research report on the medium voltage switchgear market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.

Synthetic Aperture Radar (SAR) Market By Overview

Synthetic Aperture Radar

The report analyses significant segments such as component, platform, frequency band, mode, application, and region, to identify emerging trends and potential opportunities. The component segment is expected to grow due to the growing adoption of SAR technology in industries such as defense, agriculture, forestry, and infrastructure monitoring. The development of innovative and advanced SAR antenna technology for Earth observation applications is contributing to the growth of synthetic aperture radar (SAR) market. Moreover, the advancements in transmitter technology, such as the development of digital-to-analog converters and high-power amplifiers is driving the growth of this segment.

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Market Dynamics

Driver:

 

  • The increasing demand for high-resolution imaging solutions in defense and surveillance and environmental monitoring applications is driving the growth of the market.
  • The advancements in SAR technology such as the development of compact and lightweight systems is propelling the growth of the market.
  • The rising need for disaster management to prevent the damage caused by natural disasters such as earthquakes, floods, and landslides is accelerating the growth of the market.

 

Restraints:

  • The limited coverage area of SAR systems is restraining the growth of the market.
  • The limited availability of frequencies for SAR systems is hindering the growth of Synthetic Aperture Radar (SAR) Market.

Market Segmentation:

Report Attributes Report Details
By Component Receiver, Transmitter, and Antenna
By Platform Airborne and Ground
By Frequency Band Ka, K, Ku, X, C, S, L, and P
By Mode Single-Mode and Multi-Mode
By End-User Aerospace & Defense and Commercial
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The global Synthetic Aperture Radar (SAR) Market is dominated by a large number of key players such as EarthDaily Analytics, Thales Group, SkyGeo, Saab AB, Raytheon Technologies Corporation, OHB System AG, Northrop Grumman, Lockheed Martin Corporation, and Leonardo S.p.A have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Further, the Synthetic Aperture Radar (SAR) market is expected to witness significant growth in coming years due to increased demand for high-resolution imaging in disaster management applications to reduce the impact of floods and earthquakes. Thus, evolving research and developments in Synthetic Aperture Radar (SAR) are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.

  • Airbus
  • BAE Systems
  • Capella Space
  • Cobham Limited
  • EarthDaily Analytics
  • General Atomics
  • ICEYE
  • Leonardo S.p.A
  • Lockheed Martin Corporation
  • Northrop Grumman
  • OHB System AG
  • Raytheon Technologies Corporation
  • Saab AB
  • SkyGeo
  • Thales Group