This report provides an analysis of the Synthetic Aperture Radar Market from 2017 to 2022. It discusses industry and technology trends that are currently prevailing in the synthetic aperture radar market. It analyzes factors that drive and restrain the growth of the synthetic aperture radar market as well as challenges faced by it. The synthetic aperture radar market is projected to grow from USD 2.41 billion in 2017 to USD 4.21 billion by 2022, at a CAGR of 11.75% from 2017 to 2022.
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Target Audience for this Report:
- Original Equipment Manufacturers (OEMs)
- Defense Organizations
- Defense System Manufacturers
- Synthetic Aperture Radar System Component and Material Manufacturers
- Synthetic Aperture Radar Research Centers
Key factors such as increasing demand for technologies providing situational awareness and geopolitical instabilities in the Asia Pacific and the Middle East regions are fueling the demand for synthetic aperture radars for airborne and maritime surveillance applications. These factors are driving the synthetic aperture radar market. Among frequency bands, the UHF/VHF band segment of the synthetic aperture radar market is projected to grow at the highest CAGR during the forecast period. The V/UHF band frequencies are used in early warning radars such as ballistic missile radars to track missiles and satellites. These frequencies are also used for foliage/ground penetration and biomass-penetrating radars. As these frequencies are least affected by rain or cloudburst, they can be used in weather forecasting equipment such as wind profilers.
Among components, the multimode segment is expected to lead the synthetic aperture radar market during the forecast period. The multimode synthetic aperture radar has gained popularity in recent years, owing to its growing applicability in different imaging modes by controlling the antenna radiation pattern.
North America is projected to lead the synthetic aperture radar market during the forecast period. The Asia Pacific synthetic aperture radar market is projected to grow at the highest CAGR from 2017 to 2022. Synthetic aperture radars are mainly used for surveillance purposes on the ground and airborne platforms. In addition, airborne and space-based synthetic aperture radars are also used in various applications such as wide area searching, target tracking, and fire controlling. Advancements in the radio frequency technology and the need for quick identification of targets have driven investments in the field of synthetic aperture radars, thereby leading to the growth of the North America synthetic aperture radar market.
The rise in defense spending of Asia Pacific countries such as China and India has led to the increased procurement of defense equipment by these countries to carry out surveillance activities, thereby contributing to the growth of the synthetic aperture radar market in the Asia Pacific region.
Key Market Players
Major companies profiled in the synthetic aperture radar market report are Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Thales Group (France), etc.
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