Select Language
According to the latest report by IMARC Group, titled " Synthetic Aperture Radar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global synthetic aperture radar market reached a value of US$ 3.42 Billion in 2021. Synthetic aperture radar (SAR) refers to a technology that is generally utilized for collecting data, which is usually mounted over a spacecraft or aircraft. It involves the usage of radio waves, which are transmitted on the target and the echo of each pulse is recorded. It is widely used as a preferred alternative for conventional stationary beam-scanning radars as it provides a finer spatial resolution of the object. As a result, it offers various benefits, including accurate characterization of surface features and topography while offering a high-resolution image in 3D. The rising utilization of SAR systems for monitoring oil spillage and exploration activities across the oil and gas industry is providing a boost to the market growth.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Synthetic Aperture Radar Market Trends:
The global market is primarily driven by the increasing product demand across the defense sector. This is supported by the rising utilization of SAR for monitoring missile sites, battlefield surveillance and weapon guidance. In line with this, the increasing adoption of SAR in the manufacturing of missiles for improving precision is also creating a positive outlook for the market. Moreover, the rising utilization of SAR devices for studying the economic impact of the coronavirus disease (COVID-19) and conducting remote monitoring of healthcare infrastructure and facilities has further propelled the market growth. Along with this, various technological advancements and the widespread integration of high-performance computing systems with SAR are acting as major growth-inducing factors. Furthermore, the increasing adoption of SAR instruments for identifying the differences in surface roughness for crop harvesting across the agriculture industry is positively influencing the market growth. Other factors, including the increasing defense budget, the rising security concerns due to geopolitical conflicts on the global level and extensive research and development (R&D) activities conducted by key players, are also contributing to the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 6.64 Billion in 2027, growing at a CAGR of 11.20%?during 2022-2027.
Market Summary:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com