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| Synthetic Aperture Radar (SAR) Market |
Synthetic Aperture Radar (SAR) Market, by product type (Space
based SAR and Air based SAR), by application (Aerospace & Defense,
Scientific Research, Agriculture, Energy, Financial commodity markets, and
Shipping & transportation), and by Region (North America, Latin America,
Europe, Asia Pacific, Middle East, and Africa) as highlighted in a new report
published by Coherent Market Insights
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). 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:
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 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:
The Synthetic
Aperture Radar (SAR) Market is expected to exhibit a CAGR of 6.9 % 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.
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.