Business Opportunities for Synthetic Aperture Radar Market | Global Forecast to 2022
Posted: Mar 03, 2019
The Synthetic Aperture Radar Market is estimated to be USD 2.42 Billion in 2017 and is projected to reach USD 4.21 Billion by 2022, and at a CAGR of 11.75% during the forecast period. The objectives of this study are to analyze the synthetic aperture radar market, along with its statistics from 2017 to 2022. The study also aims to define, describe, and forecast the synthetic aperture radar market on the basis of frequency band, component, application area, mode, platform, and region. The year 2016 has been considered as the base year for this study on the synthetic aperture radar market, whereas 2017 to 2022 has been considered as the forecast period.
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The synthetic aperture radar ecosystem component providers such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Thales Group (France), BAE Systems (UK), etc., and manufacturers of synthetic aperture radars such as Harris Corporation (US), SAAB Group (Sweden), Israel Aerospace Industry (Israel), Leonardo S.p.A. (Italy), Aselsan A.S. (Turkey), Cobham Plc. (UK), etc., have been profiled in the report.
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
Based on frequency band, the synthetic aperture radar market has been segmented into X band, L band, C band, S band, VHF/UHF, K/Ku/Ka, and others. A frequency band is an interval at which a particular radar transmits a signal. These frequency bands are distinguished based on their wavelength, which ranges from 0 GHz to 40 GHz. Radio frequency waves are sent through antennas into the space that are then reflected from the target.
Based on mode, the synthetic aperture radar market has been segmented into multimode and single mode. The multimode segment is expected to lead the market in 2017. Synthetic aperture radars using multimode are in huge demand due to their ability to capture images based on application requirement.
Based on platform, the synthetic aperture radar market has been segmented into airborne and ground. The airborne segment of the synthetic aperture radar market is projected to witness the highest growth during the forecast period. Manufacturers of airborne synthetic aperture radars are taking efforts to develop specialized airborne synthetic aperture radars for Unmanned Aerial Vehicles (UAVs), as the use of airborne synthetic aperture radars in UAVs enables easy data collection of fast-changing terrains such as snow slopes and active volcanoes.
The synthetic aperture radar market has been studied for North America, Europe, Asia Pacific, Middle East, and Rest of the World (RoW). The North American region is expected to lead the market in 2017, as several leading manufacturers of synthetic aperture radars, which include Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), etc., have their headquarters in North America.
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