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Global Synthetic Aperture Radar Market to reach USD 7.29 billion by 2027.

Global Synthetic Aperture Radar Market Size study by Application (Military and Defense, Monitoring and Exploration, Others) and Regional Forecasts 2021-2027

Product Code: ICTICTI-94466041
Publish Date: 20-01-2023
Page: 200

Global Synthetic Aperture Radar Market is valued approximately at USD 3.38 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 12.73% over the forecast period 2021-2027. Synthetic Aperture Radar are used to provide high resolution digital images in the form of two-dimensional and three-dimensional images of an object or landscape. The global Synthetic Aperture Radar market is being driven by increasing demand for enhanced imaging technology which can be used for different purposes such as environmental monitoring, reconnaissance and surveillance. Another important driving factor is the increasing expenditure on security and defense. According to the Stockholm International Peace Research Institute, there has been significant increase witnessed in the global military expenditure from USD 1842 billion in 2018 to USD 1960 billion in 2020. Furthermore, miniaturization in addition to Automation of Radars for UAVs and Unmanned Combat Vehicles and rapid strategic initiatives by private players in the market will provide new opportunities for the global Synthetic Aperture Radar industry. For instance, in January 2020, in order to build an in-vehicle weather patterns intelligence system, Hitachi Automotive Systems Americas, Inc. and L3Harris Technologies cooperated on a working prototype. Also, in November 2020, According to SpaceNews, the National Reconnaissance Office (NRO) plans to negotiate new partnerships with commercial satellite radar information suppliers. However, synthetic aperture radar systems have performance constraints which may impede market growth over the forecast period of 2021-2027.

The regional analysis for the global Synthetic Aperture Radar Market is based on the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to growth in military expenditure and rising private investments in the region. Whereas Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to growing defense budget, rising public-private partnership and growing deployment by startups in the region.

Major market player included in this report are:
General Atomics Aeronautical Systems Inc
Lockheed Martin Corporation
Israel Aerospace Industries Ltd
L3Harris Technologies
Maxar Technologies Ltd
Northrop Grumman Corporation
Airbus Defense and Space
Leonardo SpA
Aselsan A.S
BAE Systems Plc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Source offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Military and Defense
Monitoring and Exploration
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Synthetic Aperture Radar Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Synthetic Aperture Radar Market, by Region, 2019-2027 (USD Billion)
1.2.2. Synthetic Aperture Radar Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Synthetic Aperture Radar Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Synthetic Aperture Radar Market Dynamics
3.1. Synthetic Aperture Radar Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for enhanced imaging technology
3.1.1.2. Increasing expenditure on security and defense
3.1.2. Market Restraint
3.1.2.1. Synthetic aperture radar systems have performance constraints.
3.1.3. Market Opportunities
3.1.3.1. Miniaturization in addition to Automation of Radars for UAVs and Unmanned Combat Vehicles
3.1.3.2. Rapid strategic initiatives by private players in the market.
Chapter 4. Global Synthetic Aperture Radar Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Synthetic Aperture Radar Market, by Application
5.1. Market Snapshot
5.2. Global Synthetic Aperture Radar Market by Application, Performance – Potential Analysis
5.3. Global Synthetic Aperture Radar Market Estimates & Forecasts by Application2018-2027 (USD Billion)
5.4. Synthetic Aperture Radar Market, Sub Segment Analysis
5.4.1. Military and Defense
5.4.2. Monitoring and Exploration
5.4.3. Others
Chapter 6. Global Synthetic Aperture Radar Market, Regional Analysis
6.1. Synthetic Aperture Radar Market, Regional Market Snapshot
6.2. North America Synthetic Aperture Radar Market
6.2.1. U.S. Synthetic Aperture Radar Market
6.2.1.1. Application breakdown estimates & forecasts, 2018-2027
6.2.2. Canada Synthetic Aperture Radar Market
6.3. Europe Synthetic Aperture Radar Market Snapshot
6.3.1. U.K. Synthetic Aperture Radar Market
6.3.2. Germany Synthetic Aperture Radar Market
6.3.3. France Synthetic Aperture Radar Market
6.3.4. Spain Synthetic Aperture Radar Market
6.3.5. Italy Synthetic Aperture Radar Market
6.3.6. Rest of Europe Synthetic Aperture Radar Market
6.4. Asia-Pacific Synthetic Aperture Radar Market Snapshot
6.4.1. China Synthetic Aperture Radar Market
6.4.2. India Synthetic Aperture Radar Market
6.4.3. Japan Synthetic Aperture Radar Market
6.4.4. Australia Synthetic Aperture Radar Market
6.4.5. South Korea Synthetic Aperture Radar Market
6.4.6. Rest of Asia Pacific Synthetic Aperture Radar Market
6.5. Latin America Synthetic Aperture Radar Market Snapshot
6.5.1. Brazil Synthetic Aperture Radar Market
6.5.2. Mexico Synthetic Aperture Radar Market
6.6. Rest of The World Synthetic Aperture Radar Market
Chapter 7. Competitive Intelligence
7.1. Top Market Strategies
7.2. Company Profiles
7.2.1. General Atomics Aeronautical Systems Inc
7.2.1.1. Key Information
7.2.1.2. Overview
7.2.1.3. Financial (Subject to Data Availability)
7.2.1.4. Source Summary
7.2.1.5. Recent Developments
7.2.2. Lockheed Martin Corporation
7.2.3. Israel Aerospace Industries Ltd
7.2.4. L3Harris Technologies
7.2.5. Maxar Technologies Ltd
7.2.6. Northrop Grumman Corporation
7.2.7. Airbus Defense and Space
7.2.8. Leonardo SpA
7.2.9. Aselsan A.S
7.2.10. BAE Systems Plc
Chapter 8. Research Process
8.1. Research Process
8.1.1. Data Mining
8.1.2. Analysis
8.1.3. Market Estimation
8.1.4. Validation
8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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