The report provides an in-depth market intelligence regarding market dynamics and major factors such as drivers, restraints, opportunities, and industry-specific challenges that influence the growth of the synthetic aperture radar market, along with analyzing micro markets with respect to individual growth trends, future prospects, and their contribution to the synthetic aperture radar market.
North American region is estimated to account for the largest share of the synthetic aperture radar market in 2017.Major factors that are expected to drive the North America synthetic aperture radar market include an increase in the demand for surveillance systems and radars since the US military is in the process of replacing its legacy systems of more than three decades with advanced synthetic aperture radars. The Asia Pacific synthetic aperture radar market is projected to grow at the highest CAGR during the forecast period.
Countries in the Asia Pacific region are upgrading their military capabilities through technological developments in the field of synthetic aperture radars. It serves as an opportunity for synthetic aperture radar manufacturers to enhance their businesses in the Asia Pacific region.
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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.The growing demand for technologies providing situational awareness, increasing deployment of space-based radars, and geopolitical instabilities in the Asia Pacific and the Middle East regions are fueling the demand for radars for airborne and maritime surveillance applications. These factors are driving the synthetic aperture radar market.
However, the development of dual-band synthetic aperture radars offers growth opportunities for the synthetic aperture radar market.
Based on platform, the airborne segment is estimated to account for the largest share of the synthetic aperture radar market in 2017. The growth of this segment can be attributed to the rise in the use of airborne synthetic aperture radars in the aerospace industry.
Civil as well as military aircraft are being equipped with synthetic aperture radars. These radars provide unique information to resolve challenges such as climate change, resource monitoring, disaster management, environmental monitoring,.
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Target Audience Include Synthetic Aperture Radar Market Report:
- Original Equipment Manufacturers (OEMs)
- Defense Organizations
- Defense System Manufacturers
- Synthetic Aperture Radar System Component and Material Manufacturers
- Synthetic Aperture Radar Research Centers
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Top 12 Companies Analyzed for Synthetic Aperture Radar Market are – Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Thales Group (France), BAE Systems (UK),. Manufacturers of synthetic aperture radars include Harris Corporation (US), SAAB Group (Sweden), Israel Aerospace Industry (Israel), Leonardo S.p.A.
(Italy), Aselsan A.S. (Turkey), Cobham Plc (UK),.
Fundamental Key Point from Table of Content:
Synthetic Aperture Radar Market, By Platform
Synthetic Aperture Radar Market, By Mode
Synthetic Aperture Radar Market, By Frequency Band
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Synthetic Aperture Radar Market, By Component
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