Synthetic Aperture Radar Market Revenue Poised for Significant Growth During the Forecast Period of 2020-2028
The Synthetic Aperture Radar Market report considers the COVID-19 pandemic as one of the key influencing factors of the Synthetic Aperture Radar Market. The report discusses in detail the positive and negative impact of the pandemic on the Synthetic Aperture Radar Market. The supply chain disruptions and economic volatility have altered the dynamics of the Synthetic Aperture Radar Market. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
The global synthetic aperture radar market size is expected to reach USD 5.51 Billion in 2028 and register a revenue CAGR of 10.7% over the forecast period, according to the latest analysis by Emergen Research. Surge in demand for radar systems for various applications such as surveillance is a key factor driving global synthetic aperture radar market revenue growth.
High development and production costs is one of the key challenges, which is hindering synthetic aperture radar market growth.
The market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Synthetic Aperture Radar market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Synthetic Aperture Radar industry.
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Some Key Highlights from the Report :
- In September 2020, IMSAR LLC and Primoco UAV SE successfully executed incorporation and initial flight testing of NSP-7 Synthetic Aperture Radar on the Primoco One 150 UAV. NSP-7 is a small-size, low weight, power, and cost (SWaP-C) multi-mode Ku-band radar system. This radar works in various modes such as Magnitude and Coherent Change Detection (MCD / CCD), Ground and Maritime Moving Target Indicator (GMTI / MMTI), and high resolution Synthetic Aperture Radar (SAR) imaging. Furthermore, NSP-7 system can work in day and night as well as in all types of weather conditions. In addition, it functions in low-visibility conditions also, which are caused by fog and smoke.
- Multi-mode segment accounted for largest revenue share in 2020. Multi-mode has capability to capture images according to application requirements and also has ability to be used in different operating modes. Multi-mode system offers improved elevation and multiple sub-swaths to capture images. In addition, multi-mode is cost efficient. These factors are driving adoption of multi-mode systems and boosting revenue growth of this segment.
- X-band segment is expected to register rapid growth rate during the forecast period owing to benefits of this type such as small size antennas and ability to detect tiny particles in radar, and equipment used in this band is less costly.
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Some major companies in the market report include:
Northern Private Capital, Inc., Raytheon Technologies Corporation, Airbus, Lockheed Martin Corporation, Thales Group, Israel Aerospace Industries, L3Harris Technologies, Inc., BAE Systems plc, Leonardo S.p.A, and Saab AB.
Emergen Research has segmented the global synthetic aperture radar market on the basis of component, platform, frequency band, application, mode, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Platform Outlook (Revenue, USD Billion; 2018–2028)
Frequency Band Outlook (Revenue, USD Billion; 2018–2028)
- X Band
- L Band
- C Band
- S Band
- K, Ku, Ka Band
- UHF / VHF Band
Application Outlook (Revenue, USD Billion; 2018–2028)
Mode Outlook (Revenue, USD Billion; 2018–2028)
- Single Mode
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Unfolding the prime factors prompting global market growth:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Synthetic Aperture Radar market into a broad product spectrum.
- The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
- A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
Global Synthetic Aperture Radar Market Geographical Landscape – Synopsis:
- The report closely studies the growth trajectory of the global Synthetic Aperture Radar market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
- The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
- Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
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Elucidating the competitive landscape of the Global Synthetic Aperture Radar Market:
- The global Synthetic Aperture Radar market report offers viable insights into the competitive spectrum of the Synthetic Aperture Radar business sphere.
- The report systematically profiles the company information of each market player.
- It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
- The study showcases the extensive product portfolios of the prominent market contenders.
- It offers critical data & information about the product application scope and the end-user landscape.
- The study provides salient information about the pricing models of the products offered by these companies. Moreover, it determines the gross profits and losses experienced by them throughout their market tenures.
Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
- Business trends
- Regional trends
- Product trends
- End-use trends
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
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