According to Stratistics MRC, the Global Synthetic Aperture Radar Market is accounted for $4.79 billion in 2023 and is expected to reach $11.76 billion by 2030 growing at a CAGR of 13.7% during the forecast period.
Synthetic Aperture Radar (SAR) is a remote sensing technology that employs radar to generate high-resolution images of the Earth’s surface. By transmitting radar pulses and capturing the reflected signals, SAR can create detailed images regardless of weather conditions or time of day. It’s widely used in applications such as terrain mapping, environmental monitoring, agriculture, and surveillance due to its ability to penetrate clouds and vegetation.
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Asia Pacific is expected to witness highest CAGR over the projection period, owing to rapid growth driven by increasing demand for Earth observation data, infrastructure development, and national security initiatives. Asia Pacific’s diverse geography and varying environmental conditions create a robust demand for SAR applications across multiple sectors. Moreover, the increasing adoption of SAR technology by commercial entities for activities thereby drives this market expansion.
Some of the key players in the Synthetic Aperture Radar Market include Lockheed Martin Corporation, Thales Group, Raytheon Company, Saab AB, Israel Aerospace Industries Ltd., Northrop Grumman Corporation, Leonardo S.P.A., Harris Corporation, Cobham PLC, BAE Systems, Aselsan A and General Atomics Aeronautical Systems, Inc.
Key Developments:
In February 2024, BAE Systems has acquired Malloy Aeronautics – a leading company in innovative heavy lift drone and aeronautical technologies to invest in breakthrough technologies which augment our existing capabilities and provide our customers with the innovation they need in response to evolving requirements.
In February 2024, Leonardo and Metro Aviation, a prime privately-owned HEMS operator and service provider in the US, have announced the signing of a Distributor Agreement for the AW09 next generation single engine helicopter.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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