The Synthetic Aperture Radar Global Market Report 2023 by The Business Research Company, provides synthetic aperture radar market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Synthetic Aperture Radar Global Market Report 2023, the global synthetic aperture radar market size grew from $3.87 billion in 2022 to $4.45 billion in 2023 at a compound annual growth rate (CAGR) of 15.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The synthetic aperture radar market size is expected to grow to $7.4 billion in 2027 at a CAGR of 13.5%.
An increase in the investment in the UAVs for surveillance and attacks is contributing to the growth of the synthetic aperture radar market. UAVs are used in numerous occurrences due to their advancement in safety. With their remote-control abilities, drones monitor locations, communicate possible hazards, they notify threatening conditions like oil and gas refineries, pipelines, and flare stacks. Drone Technology is employed in the military during high-risk periods. MILSAR SAR/MTI Radar is designed to be used on airborne platforms for intelligence, surveillance, reconnaissance, deterrence, and attack operations.
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The synthetic aperture radar market is segmented:
1) By Component: Receiver, Transmitter, Antenna
2) By Platform: Airborne, Ground
3) By Mode: Single Mode, Multimode
4) By Frequency Band: X Band, L Band, C Band, S Band, K, Ku, Ka Band, UHF/VHF Band
5) By Application: Military and Defense, Monitoring and Exploration
Technological advancement is a key trend gaining popularity in the synthetic aperture radar market. Many companies are developing new products to provide and enhanced experience to its users. For instance, in June 2020, PredaSAR Corporation, a US-based synthetic aperture radar solutions company launched advanced 48 Satellite Synthetic Aperture Radar (SAR) Constellation for commercial and government applications. These advanced SARs offer unprecedented image quality, unmatched global persistence, and rapid data delivery. These advanced SARs will offer high-resolution images at any time of day and in any weather condition, overcoming natural limitations of traditional optical satellites.
The synthetic aperture radar market report table of contents includes:
1. Executive Summary
2. Synthetic Aperture Radar Market Characteristics
3. Synthetic Aperture Radar Market Trends And Strategies
4. Synthetic Aperture Radar Market – Macro Economic Scenario
5. Synthetic Aperture Radar Market Size And Growth
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26. Africa Synthetic Aperture Radar Market
27. Synthetic Aperture Radar Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Synthetic Aperture Radar Market
29. Synthetic Aperture Radar Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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