PUBLISHER: The Business Research Company | PRODUCT CODE: 1436728
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436728
Synthetic aperture radar (SAR) acts as an active sensor, emitting microwave signals and capturing backscattered signals from the Earth's surface to generate high-resolution images.
The synthetic aperture radar (SAR) market comprises key components: receiver, transmitter, and antenna. The receiver pertains to the radar system responsible for capturing electrical signals. SAR operates across different platforms including airborne and ground-based systems. Modes for SAR encompass single mode and multimode functionalities. Various frequency bands are employed such as X band, L band, S band, C band, K band, Ku band, Ka band, and UHF/VHF band. These SAR systems find application in military and defense sectors, as well as monitoring and exploration purposes.
The synthetic aperture radar market research report is one of a series of new reports from The Business Research Company that provides synthetic aperture radar market statistics, including synthetic aperture radar industry global market size, regional shares, competitors with a synthetic aperture radar market share, detailed synthetic aperture radar market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic aperture radar industry. This synthetic aperture radar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 growth observed in the historic period can be attributed to various factors, including the utilization of satellite technology in military and defense applications, satellite-based Earth observation and monitoring systems, infrastructure development aided by satellite data, increased satellite launches for various purposes, and the use of satellite technology in natural resource management. These elements collectively contributed to the growth and advancements witnessed in the satellite industry during that period.
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%. The anticipated growth in the forecast period is expected due to increased emphasis on climate change monitoring using satellite-based SAR technology, applications of SAR in facilitating smart city planning and urban development, its role in enhancing precision agriculture practices, aiding disaster response and management, and the augmentation of Global Navigation Satellite Systems (GNSS).
The synthetic aperture radar market is experiencing growth due to increased investment in Unmanned Aerial Vehicles (UAVs) for surveillance and attacks. Drones equipped with Synthetic Aperture Radar (SAR) technology play a crucial role in monitoring and notifying potential hazards, especially in high-risk areas. For instance, in 2021, India announced plans to procure 30 multi-mission armed Predator drones from the U.S., demonstrating a significant investment in UAVs for surveillance. This is expected to contribute to the growth of the synthetic aperture radar market.
The escalation in natural disasters is expected to bolster the synthetic aperture radar (SAR) market. SAR technology plays a pivotal role in disaster management by monitoring floods, ground movements, and predicting landslides with remarkable precision. The National Centers for Environmental Information reported 18 weather-related disasters in the United States alone in 2022, emphasizing the critical role of SAR in disaster response. This increasing frequency of natural disasters highlights the imperative role of SAR technology, consequently driving market growth.
Significant players within the synthetic aperture radar (SAR) market are steering towards advanced product development, notably drone-based SAR systems, to capture a wider market, drive sales, and augment revenue. Drone-based SAR amalgamates SAR technology with unmanned aerial vehicles (UAVs) or drones. GalaxEye Space, an India-based space tech startup, in August 2023, introduced an aerial drone-based SAR system delivering high-resolution all-weather imaging under challenging conditions. GalaxEye's innovative system integrates proprietary data fusion technology, marking a significant leap in space-based insights, enabling satellite constellations to conduct all-weather imaging unhindered by atmospheric constraints.
Top contenders in the synthetic aperture radar (SAR) market are focusing on pioneering technologies, such as SAR satellites, to cater to broader customer bases, enhance sales, and augment revenue. SAR satellites, equipped with synthetic aperture radar technology, stand out as Earth observation satellites. In April 2023, Singapore Technologies Engineering Ltd. debuted TeLEOS-2, a polarimetric synthetic aperture radar (PolSAR) satellite. TeLEOS-2 boasts a Singaporean-developed SAR payload enabling high-resolution day and night imaging under all weather conditions. Incorporating full polarimetry, it diversifies satellite data applications and offers multi-modal capabilities and swift responsiveness. Positioned in a near-equatorial orbit, TeLEOS-2's high-resolution imagery, acquired through approximately 14 daily passes, broadens coverage over crucial regions, facilitating disaster monitoring, environmental surveillance, and more.
In February 2021, Veritas Capital Fund Management, L.L.C., a US-based private equity company, acquired the IT and mission support services businesses of Northrop Grumman Corporation for a deal of $3.4 billion. The closure of the first of two acquisitions marks a substantial expansion of Veritas Capital's portfolio company, Peraton, increasing its size by approximately sevenfold. Northrop Grumman's IT and mission support services business is now integrated into Peraton because of this acquisition. Northrop-Grumman Corporation is a US-based synthetic aperture radar (SAR) technology company.
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
North America was the largest region in the synthetic aperture radar market in 2023. 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.
The countries covered in the synthetic aperture radar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The synthetic aperture radar market consists of sales of airborne or spaceborne side looking radar systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Synthetic Aperture Radar Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on synthetic aperture radar market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for synthetic aperture radar ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The synthetic aperture radar market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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