Ocean View, DE -- (SBWIRE) -- 04/03/2020 -- The synthetic aperture radar market is poised to amass significant gains on account of rising demand for high-resolution SAR images that help achieve more insightful information. As the technological landscape advances, more and more SAR industry players are incorporating new technologies with existing SAR systems to enhance their capabilities. Meanwhile, growing number of government contracts and R&D activities geared towards developing the next-generation SAR technologies are massively aiding industry growth.

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Developing countries like China and India are witnessing a change in their investment trends to promote the development of in-house SAR technologies. These countries are actively helping indigenous manufacturers to improve their production capabilities in efforts to minimize the country's foreign dependency. Considering these trends, Global Market Insights, Inc. forecasts that the synthetic aperture radar market could surpass USD 9 billion by 2026.

Company profiled in synthetic aperture radar market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Airbus
- Capella Space
- Harris Corporation
- ICEYE
- IAI - Israel Aerospace Industries
- OHB SE
- OHB SE
- MDA
- Northrop Grumman
- Raytheon
- Thales
- BAE Systems
- Lockheed Martin
- CGG
- GroundProbe
- Saab
- Aselsan
- Cobham
- General Atomics
Proliferating demand for multi-purpose miniature synthetic aperture radars due to benefits that help them minimize operational costs could fuel the deployment of SAR systems over the projected timeframe. These miniature SAR have played a crucial role in enhancing the system's overall application scope.

Taking April 2018 for instance, SRI International successfully showcased the operation of high-resolution SAR imagery from a small hobby-grade, low-cost UAV. The high resolution, low cost, and small size of SAR facilitates seamless integration with UAVs, thereby, multiplying its frequency of visits over a particular region.

The development of several analytical software that are capable of extracting numerous insights from SAR data will enhance synthetic aperture radar market demand in the commercial sector. Other factors favoring the market growth include change in policies pertaining to operations and disposal of SAR satellites and establishment of international policies by organizations in various countries, such as the U.S. and Europe.

Many key synthetic aperture radar market participants are engaged in developing advanced technologies to strengthen SAR capabilities. Multi-purpose miniature synthetic aperture radars are witnessing heightened demand from end use applications on account of their ability to cut down operation costs. SARs are extensively being integrated with UAVs on account of their low cost, small size, and high resolution, which is a key factor fueling market demand. For example, in April 2018, SRI International successfully demonstrated the operation of high-resolution SAR imagery from economic and small hobby-grade UAV.

Speaking in terms of regional outlook, Asia Pacific is likely to evolve as a pivotal growth ground for synthetic aperture radar market. With favorable government initiatives and private funding, several Asian countries, such as China and India are showcasing positive investment trends in SAR business. Improvement of indigenous production facilities in these countries has resulted in considerable growth of synthetic aperture radar market.

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Elaborating further on regional contribution, North America synthetic aperture radar market is growing due to an increasing number of collaborations with multiple regions to expand geographical reach. For example, in October 2014, ISRO and NASA entered into an agreement to plan, develop, and launch L Band SAR satellite at the International Astronautical Congress (IAC). The project was named NISAR and the estimated budget of the project was almost $1.5 billion. The satellite is anticipated to launch by 2021.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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