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| Synthetic Aperture Radar (SAR) Market |
Market Overview:
Synthetic Aperture Radar (SAR) is a high-frequency radio waves
instrument that uses an array of radio dishes for generating radio waves for
non-stationary monitoring. Synthetic aperture radar is also referred to as
Synthetic Aperture Radar (SAR) Market. It is based on the Doppler principle
that uses the Doppler effect to generate images of moving sources, such as
aircraft and ships. Unlike conventional radar, which uses a series of radio
stations to receive signals, synthetic-aperture radio uses a single radio dish
for generating high-frequency radio waves that are consistent from one side of
the Earth to the other. Such a technique makes use of narrow-bandwidth and
low-frequency radio transmissions.
Competitive Landscape:
Israel Aerospace Industries (IAI), Airbus Defense and Space,
Lockheed Martin, Northrop Grumman, Thales, SSTL, MDA Information Systems,
Raytheon, and Sandia National Laboratories among others
Key Market Drivers:
On
the basis of product type, the global Synthetic
Aperture Radar (SAR) Market
is classified into: Space based SAR, Air based SAR. Synthetic Aperture Radar (SAR) works by utilizing radio waves to
create detailed images of the Earth's surface.The growing
application of UAVs for security and countermeasures operations is
driving growth of the Synthetic Aperture Radar (SAR) Market. UAVs and UCAVs are
gaining traction in the market as they come with the advanced control system is
again fostering growth of the market. For instance, in September 2020,
ideaForge, the manufacturer of drones for defense, homeland security, and
industrial applications, has launched its new drone RYNO, a micro category
(<2 kg) survey-grade drone designed and specialized for high accuracy
mapping applications.
Increasing spending on defense industry to improve the safety of
homeland and defense personal is stimulating growth of the market. According to
new data published by the Stockholm International Peace Research Institute
(SIPRI), total global military expenditure rose to $1981 billion last year, an
increase of 2.6 percent in real terms from 2019.
Covid-19 Impact Analysis
The Covid-19 pandemic has impacted the Synthetic Aperture Radar (SAR) Market dynamics and supply
chain worldwide. Moreover, the revenues have gone down in 2020 and is expected
to resume an uptrend gradually from 2021 years. Also, key players are
optimizing their operation and strategy to sustain and beat the competition in
the market.
Key Takeaways:
1.
The Synthetic Aperture Radar (SAR) Market is expected to exhibit
a CAGR of 5.6 % over the forecast period, owing to the increasing application
in the military sector for surveillance and safety purpose. For instance, in
July 2021, Grene Robotics’ have developed a 100% indigenous ‘unified,
distributed, and wide-area autonomous drone defense dome called ‘Indrajaal’
which can protect a large area of 1000-2000 sq. km per system against threats
such as Unmanned Aerial Vehicles (UAVs), incoming weapons, loitering munitions
and the like, autonomously.
2.
North America is expected to witness significant growth in the
near future owing to the increased spending in the military sector. According
to the Stockholm International Peace Research Institute (SIPRI), in 2020 US
military expenditure reached an estimated $778 billion, representing an
increase of 4.4 percent over 2019.