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What is the Impact of the COVID-19 Crisis on the Synthetic Aperture Radar Market?

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What is the Impact of the COVID-19 Crisis on the Synthetic Aperture Radar Market?

July 01
18:20 2021

The technology of remote sensing satellite involves gathering information, observing and monitoring about the ocean and land with the help of sensors that are incorporated into airborne platforms such as aircraft and balloons among others. Based on product types, the Synthetic Aperture Radar Market is segmented into space-based synthetic aperture radar and airborne synthetic aperture radar. In 2016, among the various product types, space-based SAR segment dominated the market followed by airborne synthetic aperture radar. In addition, space-based SAR is also expected to grow at the highest rate for the coming years. These radars employ operating frequencies or microwave illuminators and this keeps the radar imaging unaffected even in bad weather conditions. These satellite-based SARs can broadcast and acquire images of various strategic areas during complete darkness or worst weather conditions and are the only resource available to various defense agencies.

Increase in the investment in the UAVs for surveillance and attacks is major driver driving the market for the synthetic aperture radar globally. Preference for integrated C4ISR ecosystem is one of the key factor fuelling the demand of synthetic aperture radar market during the forecast period of 2017 – 2025. However, issues of space deorbiting and debris is major restraint factor restraining the market for the synthetic aperture radar during the forecast period of 2017 – 2025.

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Transformation of commercial aircraft to MPA through synthetic aperture radar integration and use of synthetic aperture radar in mapping forest biomass are some of the major key trends analysis for the synthetic aperture radar globally.

The geographical split of the market includes North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. In 2016, North America dominated the market for the synthetic aperture radar followed by Europe. In 2016, the U.S. was the major market for North America. The increase in the investment in space-based SAR satellites due to collaboration of the US Department of Defense (DoD) and the National Aeronautics and Space Administration (NASA) is major driver driving the market for the synthetic aperture radar during the forecast period. Increase in the research and development activities is one of the major developing factor for the synthetic aperture radar which in turn helping the market for synthetic aperture radar during the forecast period of 2017 -2205.

Europe is expected to grow at the stable rate for the forecast period. The U.K. is expected to be the major market for the Europe synthetic aperture radar market. Frequent terror attacks and border security are some of the key factor fuelling the demand of the synthetic aperture radar in Europe. Asia Pacific is expected to grow at the highest CAGR for the forecast period of 2017 – 2025. China is expected to be the major market for Asia Pacific synthetic aperture radar market. India is expected to be the most attractive market in Asia Pacific. Increase in demand for border security is one of the major factor fuelling the demand of the market in Asia Pacific. The developments in Asia Pacific will mostly be driven by the need to counter the growing dominance and threat of China and North Korea. In addition, China has been staking new boundary claims which have intruded on the territorial rights of countries such as Indonesia, Japan and Philippines.

The APAC region is projected to expand greatly during the forecast period. Countries in the region such as India and China have upgraded their military budgets and are steadily acquiring synthetic aperture radar which is likely to fuel the synthetic aperture radar market during the forecast period 2017 – 2025. Latin America and Middle East & Africa are expected to grow at the healthy rate for the forecast period. Increase in the investment in attacks and surveillance UAVs is one of the key factor fuelling the demand of the synthetic aperture radar market in Middle East and Africa market. Brazil is the most attractive market for the Latin America region.

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The major players in the synthetic aperture radar market are Israel Aerospace Industries (IAI) (Israel), Airbus Defense and Space (France), Northrop Grumman (United States), Lockheed Martin (United States), Thales (France), Sandia National Laboratories (Mexico), Raytheon (United States), SSTL (United Kingdom) and MDA Information Systems (United States) among others. Due to the presence of several players, the synthetic aperture radar market appears to be fragmented. The growth of the players depends on various factors such as industry development, government support and market conditions.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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