Market Overview

Synthetic aperture radar market refers to the space and air-based SAR that functions on the principle of transmission and reception of the reflected signals that interact with the ground and aid in the imaging, tracking, detection and characterization. SAR finds significant applications over the conventional electro optical (EO) imaging systems, primarily owing to microwaves being able to penetrate through clouds and provide consistent 24 hour, all weather data efficiency.

Increasing application of UAVs and their requirements for security and countermeasure operations has led to significant advancements in the electronic component integration that includes command, control, communications computers, intelligence, reconnaissance and surveillance systems (C4IRS) to support military and defense operations. This in turn leads to increased utilization of these UAVs in surveillance and attack missions by the defense agencies and garner high traction to the synthetic aperture radar (SAR) market.

Incorporation of advanced control system software tools to seamlessly support planning, implementing, seamless communication, data processing and dissemination has led to increased applications. Moreover, substantial potential of utilization for these systems in commercial applications that include agriculture, energy, financial commodities and shipping industries would present significant opportunities for industry growth.

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Market Dynamics

Collaboration of the US Department of Defense (DoD) and National Aeronautics and Space Administration (NASA) has led to significant increase in R&D activities for space-based SAR satellites. Moreover, the country contributes to over 40% of the global defense spending. These factors are expected to fuel the regional demands for the business growth. Growing defense budgets and research operations in the Asia Pacific that specifically include China, South Korea, India, and Japan are expected to provide significant growth opportunities.

Industry is characterized by the fragmented market presence of large players dominating the regional industry share. Requirement to strengthen their industry foothold, players are increasingly investing in product differentiation strategies and establishing partnerships with the large end users to garner increased usability in low cost operations. For instance, in June 2017, Pentagon announced its plans to capitalize on commercial opportunities through establishing ties with the firms in the U.S. Key participants in the synthetic aperture radar market include Airbus Defence and Space, Lockheed Martin, Israel Aerospace Industries (IAI), Thales, Northrop Grumman, SSTL, MDA Information Systems, Raytheon and Sandia National Laboratories.

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Key participants in the global synthetic aperture radar (SAR) market include Airbus Defense and Space, Lockheed Martin, Israel Aerospace Industries (IAI), Thales, Northrop Grumman, SSTL, MDA Information Systems, Raytheon and Sandia National Laboratories among others.

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