Synthetic Aperture Radar (SAR) Market to Witness Expansion at 12.3% CAGR with Top Key players, Business Value, Industry Dynamic by 2030

Synthetic Aperture Radar (SAR) Market  Overview

Synthetic Aperture Radar Market is expected to reach USD 13.4 billion by 2030 and Grow at a CAGR of 12.3% during the forecast, 2024–2030.

Market Dynamics

The global synthetic aperture radar market is expected to grow at a double-digit CAGR over the forecast period on the back of rising demand for technologies that increase environmental awareness, rising demand for an efficient surveillance and communication network, and rising use of space-based radars. However, the high cost of development of synthetic aperture radar is limiting the market’s expansion within the anticipated time frame.

The global synthetic aperture radar market is anticipated to expand as a result of the increasing development of dual-band synthetic aperture radars and the automation and miniaturization of radars for unmanned aerial vehicles and unmanned combat vehicles. SAR is being used in novel ways that expand the scope of reconnaissance. It sparked the innovation behind systems like foliage penetration and ground moving target indicator, both of which are likely to find wider use in military operations as a result. To further improve targeting and pointing accuracy, nations have increased military investment on developing and integrating missiles with SAR.

One of the main factors holding back the synthetic aperture radar market is the high price tag associated with creating one. Each link in the value chain of the synthetic aperture radar business requires substantial investment. The market for synthetic aperture radar will be hampered during the predicted time frame by concerns about space deorbiting and debris.

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Competitive Analysis

As a result of so many businesses competing in the same space, the industry is very splintered. A company’s ability to expand into this sector is heavily reliant on both governmental and investor backing. Various market participants are actively investing in new technologies and developing new collaborations in order to maintain their current market standing.

The key players in the global synthetic aperture radar market are UrtheCast Corp., Thales Group, SkyGeo, Saab AB, Raytheon Company, OHB Systems AG, Northrop Grumman Corporation, Lockheed Martin Corporation, Leonardo S.p.A., ICEYE, General Atomics, Cobham plc, Capella Space, BAE Systems, and Airbus S.A.S

Market Segmentation

The market for synthetic aperture radar has been broken down into the following sections based on the three main components: receivers, transmitters, and antennas.

The global market has been broken down into two main types: airborne and ground. The aviation subset is further subdivided into the spacecraft, airplane, and UAV categories (UAV).

The global market is broken down into submarkets for X Band, L Band, C Band, S Band, K Band, Ku Band, Ka Band, UHF/VHF Band, and Others based on the range of frequencies used.

The market has been broken down into many subsets based on different end uses, such as military, commercial, public safety, environmental monitoring, and resource discovery.

The market has been divided into the multimode and single mode categories, depending on how signals travel.

Regional Analysis

In 2019, North America held a notable market share. This is because of the region’s abundance of synthetic aperture radar producers and the military’s willingness to invest more money into technology upgrades. Additionally, the investment in space-based SAR satellite projects has expanded thanks to collaboration between the U.S. Department of Defense (DOD) and the National Aeronautics and Space Administration (NASA).

China and India will be the primary drivers of growth in Asia Pacific over the predicted period. China launched their synthetic aperture radar earth observation satellite Gaofen-7 in 2019, while India’s ISRO and NASA are collaborating on the launch of their earth observation satellite NISAR in 2022. In addition, the Asia Pacific region is anticipated to drive market expansion due to rising need for border security surveillance.

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