Mar 10, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Synthetic Aperture Radar Market.
It was estimated prior to this unanticipated outbreak that the Synthetic Aperture Radar Market is likely to witness an impressive CAGR of 12.2% during the forecast period. The escalating deployment of space-based radars, driven by their long-range propagation characteristics of radar signals and intricate information processing capability of modern digital electronics to deliver high-resolution imagery are expected to bolster the global synthetic aperture radar market during the forecast period.
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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 a number of frequency bands.
Synthetic Aperture Radar can make use of a number of components such as 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.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the platform type, the market is segmented as airborne and ground. The airborne segment is estimated to witness a 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.
Based on the mode type, the market is segmented as single mode and multimode. The multimode segment led the market in 2018, 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.
Based on the frequency band type, the market is segmented as X band, C band, S band, L band, VHF/UHF band, K/Ku/Ka 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. Radio frequency waves are transmitted through antennas into the space that are, further, reflected from the target.
In terms of regions, the North American region dominated the market in 2018, 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. The North American region is estimated to maintain its dominance during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Key players operating in the global Synthetic Aperture Radar market are-
- 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
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Synthetic Aperture Radar analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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