The Synthetic aperture radar in space sector market was valued at US$ 600.6 Mn in 2016 and is expected to be pegged at US$ 1,714.0 Mn by 2025, registering a CAGR of 12.50% over the forecast period, according to Synthetic aperture Radar In Space Sector Market Report, by Platform (Space Platform and Ground Platform), by Frequency Band (Single Frequency Band, and Multi-Frequency Band), by Application (Defense Application and Research & Commercial Application) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa).
Synthetic Aperture Radar (SAR) has the capability to meet the requirement of military and defense industry. It can provide precise images in any weather condition or even limited visibility conditions. It can also provide fine resolution images for a large area in short time span making synthetic aperture radar sensor system important for several military applications. Defense-based applications are expected to gain highest revenue margins over the forecast period. Synthetic aperture radars find significant applications in aircrafts and satellites that prove instrumental in tracking missiles, rendering the images of the terrain, and targets below the airborne vehicles. For instance, in July 2017, upgraded aircraft by the U.S. Air Force, the F-22 featured a SAR systems. According to , global defense spending is projected to increase at a CAGR of 3% over the forecast period and it is expected to drive growth of the market over the forecast period. However, large complex size of these radars and high cost expenditure are key factors that are expected to hamper usage in military application. Moreover they are implemented for special purpose operations. To change this situation, Loral has developed a small and modular synthetic aperture radar that is suitable of military applications. This radar is called Miniature Synthetic Aperture Radar (MSAR). It can be mounted on Unmanned Aerial Vehicles (UAV) or on multi-mission aircraft such as the F-16, F/A-18, or on the F-14.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 150 market data tables* and 90 figures* on “Synthetic Aperture Radar in Space Sector Market” - Global forecast to 2025.
Key Trends and Analysis of the Global Synthetic Aperture Radar in Space Sector Market:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.