The Synthetic Aperture Radar Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Synthetic Aperture Radar Global Market Report 2024, The synthetic aperture radar market size has grown rapidly in recent years. It will grow from $4.36 billion in 2023 to $4.97 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to military and defense applications, earth observation and monitoring, infrastructure development, satellite launches, natural resource management.
The synthetic aperture radar market size is expected to see rapid growth in the next few years. It will grow to $8.29 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to climate change monitoring, smart cities and urban planning, precision agriculture, disaster response and management, GNSS augmentation. Major trends in the forecast period include focus on persistent surveillance and monitoring, application of SAR in environmental monitoring and climate studies, utilization of SAR for disaster management and emergency response, expansion of SAR for maritime surveillance, collaborations for SAR data sharing and global coverage.
An increase in the investment in the UAVs for surveillance and attacks is contributing to the growth of the synthetic aperture radar market. UAVs are used in numerous occurrences due to their advancement in safety. With their remote-control abilities, drones monitor locations, communicate possible hazards, they notify threatening conditions such as oil and gas refineries, pipelines, and flare stacks. Drone Technology is employed in the military during high-risk periods. MILSAR SAR/MTI Radar is designed to be used on airborne platforms for intelligence, surveillance, reconnaissance, deterrence, and attack operations. For instance, according to Hindu data 2021, an Indian national daily agency, India is set to finalize a long-conceived proposal to procure 30 multi-mission armed Predator drones from the U.S. for the three services at a cost of nearly $3 billion (around ₹22,000 crores). Thus, increase in investments in the UAVs for surveillance will drive the growth of the synthetic aperture radar market.
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The synthetic aperture radar market covered in this report is segmented –
1) By Component: Receiver, Transmitter, Antenna
2) By Platform: Airborne, Ground
3) By Mode: Single Mode, Multimode
4) By Frequency Band: X Band, L Band, C Band, S Band, K, Ku, Ka Band, UHF/VHF Band
5) By Application: Military and Defense, Monitoring and Exploration
Major companies operating in the synthetic aperture radar market are developing advanced technologies, such as SAR (Synthetic Aperture Radar) satellites, to meet larger customer bases, increase sales, and increase revenue. A SAR (Synthetic Aperture Radar) satellite is a type of Earth observation satellite equipped with synthetic aperture radar technology. For instance, in April 2023, Singapore Technologies Engineering Ltd., a Singapore-based engineering company, launched TeLEOS-2, a polarimetric synthetic aperture radar (PolSAR) satellite. TeLEOS-2 distinguishes itself with a Singaporean-made Synthetic Aperture Radar (SAR) payload, enabling the acquisition of high-resolution day and night images in all-weather conditions and incorporating full polarimetry for diverse satellite data applications. Developed by ST Engineering, this commercial satellite boasts multi-modal capabilities and high responsiveness, elevating its role in providing advanced satellite imagery solutions. Positioned in a near-equatorial orbit at a 10-degree inclination, TeLEOS-2 delivers 1 m of high-resolution imagery through approximately 14 daily passes, significantly enhancing coverage over major shipping routes, disaster-prone areas, and forest-fire regions. This unique feature opens opportunities for applications such as disaster monitoring, environmental surveillance, natural resource exploration, and climate change studies.
The synthetic aperture radar market report table of contents includes:
1. Executive Summary
2. Synthetic Aperture Radar Market Characteristics
3. Synthetic Aperture Radar Market Trends And Strategies
4. Synthetic Aperture Radar Market – Macro Economic Scenario
5. Global Synthetic Aperture Radar Market Size and Growth
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26. South America Synthetic Aperture Radar Market
27. Brazil Synthetic Aperture Radar Market
28. Middle East Synthetic Aperture Radar Market
29. Africa Synthetic Aperture Radar Market
30. Synthetic Aperture Radar Market Competitive Landscape And Company Profiles
Top Major Players:
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