Synthetic Aperture Radar (SAR) Market Adopts Innovation to Stay Competitive Forecast 2026
Synthetic
aperture radar market refers to the space and air-based SAR that functions on
the principle of transmission and reception of the reflected signals that
interact with the ground and aid in the imaging, tracking, detection and
characterization. SAR finds significant applications over the conventional
electro optical (EO) imaging systems, primarily owing to microwaves being able
to penetrate through clouds and provide consistent 24 hour, all weather data
efficiency.
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Increasing traction of UAVs and UCAVs is expected to present
considerable market traction through the forecast period
Increasing
application of UAVs and their requirements for security and countermeasure
operations has led to significant advancements in the electronic component
integration that includes command, control, communications computers,
intelligence, reconnaissance and surveillance systems (C4IRS) to support
military and defense operations. This in turn leads to increased utilization of
these UAVs in surveillance and attack missions by the defense agencies and
garner high traction to the synthetic aperture radar (SAR) market.
Incorporation of
advanced control system software tools to seamlessly support planning,
implementing, seamless communication, data processing and dissemination has led
to increased applications. Moreover, substantial potential of utilization for
these systems in commercial applications that include agriculture, energy,
financial commodities and shipping industries would present significant
opportunities for industry growth.
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Defense based applications are expected to garner highest revenue
margins over the forecast period
These find
significant applications in aircrafts and satellites that prove instrumental in
tracking missiles, rendering the images of the terrain and targets below the
airborne vehicles. For instance, in July 2017, upgraded aircraft by the U.S.
Air Force, the F-22 featured a SAR systems. According to Coherent Market
Insights, global defense spending projected to increase at a CAGR of 3% over
the forecast period is expected to present significant growth potential over
the same period.
U.S. dominated the synthetic aperture radar market share in 2016, is
expected to continue its dominance over the forecast period
Collaboration of
the US Department of Defense (DoD) and National Aeronautics and Space
Administration (NASA) has led to significant increase in R&D activities for
space-based SAR satellites. Moreover, the country contributes to over 40% of
the global defense spending. These factors are expected to fuel the regional
demands for the business growth. Growing defense budgets and research
operations in the Asia Pacific that specifically include China, South Korea,
India, and Japan are expected to provide significant growth opportunities.
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Industry is
characterized by the fragmented market presence of large players dominating the
regional industry share. Requirement to strengthen their industry foothold,
players are increasingly investing in product differentiation strategies and
establishing partnerships with the large end users to garner increased
usability in low cost operations. For instance, in June 2017, Pentagon
announced its plans to capitalize on commercial opportunities through
establishing ties with the firms in the U.S. Key participants in the synthetic
aperture radar market include Airbus Defence and Space, Lockheed Martin, Israel
Aerospace Industries (IAI), Thales, Northrop Grumman, SSTL, MDA Information
Systems, Raytheon and Sandia National Laboratories.
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