May 28, 2020
According to recent study titled ‘Synthetic Aperture Radar Market Size By Frequency Band, By Application, By End-Use, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026’ available with Market Study Report LLC, global synthetic aperture radar market is expected to amass significant gains by the year 2026.
Synthetic aperture radar (SAR) is a remote sensing technology that is capable of producing high resolution images synthetically irrespective of the weather conditions and even in night.
SAR technology is extensively used to provide valuable terrain data to geologists for mineral exploration, oil spill boundaries on water to environmentalists, ice hazard & sea state maps to navigators, and reconnaissance & targeting data to military operators, which in turn is driving the growth of global synthetic aperture radar market.
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Based on frequency type, C Band single frequency segment share is expected to witness a considerable growth over the approaching years, owing to wide-spread use in telecommunication sector as it is relatively cheaper as compared to other frequency bands.
On the other hand, S Band single frequency segment is anticipated to expand at 11% CAGR through 2026. This growth can be credited to its extensive use in airport surveillance and space communication. Moreover, S Band frequency offers air traffic controllers with reliable and clear picture of air traffic within its coverage area.
Elaborating on the component terrain, antenna segment is set to record a CAGR of 11% over the forecast period. Surging demand for rugged antenna that can operate in harsh conditions is fueling the segment growth.
Meanwhile, receiver segment is expected to display strong growth trends over the projection period, primarily due to its use in upgradation of existing systems for commercial as well as military platforms.
Speaking of the end-use spectrum, research & commercial segment includes public safety, natural resource exploration, and environmental monitoring. Synthetic aperture radar market share from public safety application is reckoned to gain decent traction over the forecast duration, owing to the applicability of SAR systems in UAVs for monitoring difficult and remote areas like hill varies, big waters, and risky downtown regions. Advancements like multirotor SAR UAV technologies and their use in reducing the impact of the natural calamities such as earthquakes, floods, or tornadoes, is expected to boost the segment growth.
Meanwhile, natural resource exploration segment is projected to register 11% CAGR through 2026. The use of SAR systems in identification and exploration of new oil & gas reservoirs and geospatial mapping is stimulating the product penetration.
Considering the geographical landscape, synthetic aperture radar industry in Latin America is projected to grow substantially over 2020-2026. Rising investment in aerospace sector for integration of synthetic aperture radars in earth observation satellites is supporting the regional market growth.
Whereas, synthetic aperture radar market in Middle East & Africa is driven by increasing number of collaborations and joint ventures among manufacturers and service providers in the region.
Prominent industry players include Capella Space, Airbus S.A.S, Harris Corporation, Israel Aerospace Industries, ICEYE, OHB Systems AG, Northrop Grumman Corporation, MDA Corporation, Raytheon Company, UrtheCast Corp., Thales Group, BAE Systems, TERRASIGNA, Lockheed Martin Corp., SkyGeo, CGG, TRE ALTAMIRA, and GroundProbe among others.