Stratview Research has published a new report titled “Synthetic Aperture Radar Market” which is segmented by Application Area Type (Defense, Commercial), by Platform Type (Airborne, Ground), by Mode Type (Single Mode, Multimode), by Frequency Band Type (X Band, C Band, S-Band, L Band, K/Ku/Ka-Band, VHF/UHF Band, and Others), by Component Type (Receiver, Transmitter, and Antenna), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market is expected to reach USD 5.77 billion by 2028 from USD 2.77 billion in 2021 at a healthy CAGR of 10.96% during the forecast period of 2022-2028.
A synthetic aperture radar system is a radar system that collects surface images of high-resolution, using the vehicle’s motion. In the process, the microwave pulses are sent to the surface of the earth by an antenna, which is then measured to get the image.
They can be of a single mode or also of multiple modes and make use of several frequency bands. Synthetic aperture radar can make use of many components such as an antenna, receiver, and transmitter. It is used from the ground as well as through airborne means and is highly useful for defense and commercial purposes.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Platform Trends
The market is segmented as airborne and ground.
The Airborne segment is holding the largest market with a share of >82.2% in 2021 and is estimated to witness higher growth during the forecast period. Manufacturers of airborne synthetic aperture radars are taking enormous efforts to develop specialized airborne synthetic aperture radars for Unmanned Aerial Vehicles (UAVs), as the use of airborne synthetic aperture radars in UAVs empowers easy data collection of fast-changing terrains, such as snow slopes and active volcanoes.
Mode Trends
The market is segmented as single mode and multimode.
The Multimode segment led the market with a share of >70.7% in 2021 and is expected to remain dominant during the forecast period. Synthetic aperture radars employing multimode are in high demand, owing to their ability to capture images based on various application requirements.
Frequency Band Trends
The market is segmented into X band, C band, S band, L band, K/Ku/Ka band, VHF/UHF band, and others. A frequency band is an interval at which a specific radar transmits a signal.
These frequency bands are differentiated based on their wavelength, which ranges from 0 GHz to 40 GHz. Radiofrequency waves are transmitted through antennas into space that is, further, reflected from the target.
Which Region is expected to remain the largest market?
North American region dominated the market with a share of >31.2% in 2021 and is estimated to maintain its dominance during the forecast period, as various leading manufacturers of synthetic aperture radars, such as Lockheed Martin Corporation (US), Raytheon Company (US), Northrop Grumman Corporation (US), etc., have their headquarters in North America.
Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, enabling strategic decision-making for the existing market players and those willing to enter the market.
The following are the key players active in the Synthetic Aperture Radar Market:
- ASELSAN A.
- BAE Systems plc
- Cobham PLC
- Harris Corporation
- Leonardo S.P.A.
- Northrop Grumman Corporation
- The Raytheon Company
- Thales Group
- Israel Aerospace Industries Ltd.
- Saab AB
Key questions answered by the report.
- What is the projected CAGR for revenue from the Synthetic Aperture Radar Market during the forecast period?
- What would the market be valued at by 2028?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Synthetic Aperture Radar Market?
- Which are the major market players?
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