Synthetic Aperture Radar Market worth $4.21 Bn by 2022

The report "Synthetic Aperture Radar Market - Global Forecast to 2022", The synthetic aperture radar market is projected to grow from USD 2.41 Billion in 2017 to USD 4.21 Billion by 2022, at a CAGR of 11.75% from 2017 to 2022.

With the growing demand for multi-temporal satellite imagery and up-to-date situational awareness in disaster situations, the need for robust change detection methods is constantly increasing. Various building/infrastructure damage detection methods have been introduced in recent years, which are expected to drive the synthetic aperture radar market between 2017 and 2022.

Based on frequency band, the X band segment is expected to lead the synthetic aperture radar market during the forecast period. The X band synthetic aperture radars are used for defense surveillance, weather forecasting, agriculture, and analysis of wind movement on the ocean surface. They also offer medium-resolution mapping as well as ground surveillance, as they are used in unmanned vehicles.

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Synthetic Aperture Radar Market - Global Forecast to 2022

Based on application area, the commercial segment is projected to witness the highest growth during the forecast period. The growth of this segment can be attributed to the use of commercial SAR radars in land applications (geology and agriculture), infrastructure management (such as surface movement monitoring), etc.

Based on mode, the multimode segment of the synthetic aperture radar market is projected to grow at the highest rate during the forecast period. Synthetic aperture radars operate in different imaging modes by controlling the antenna radiation pattern. Synthetic aperture radars using multimode are in huge demand due to their ability to capture images based on application requirement.

The North American region is expected to lead the synthetic aperture radar market during the forecast period. The growth of the North America synthetic aperture radar market can be attributed to the increased demand for radar systems in surveillance activities. In addition, the US military is replacing its legacy radars with highly advanced synthetic aperture radars, which is fueling the growth of the synthetic aperture radar market in the region.

Major companies profiled in the synthetic aperture radar market report are Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Thales Group (France), etc.

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Source: ASDReports - Market Research
Date: Oct 3, 2017