DUBLIN--(BUSINESS WIRE)--The "Synthetic Aperture Radar Market 2017 - Global Forecast to 2022" report has been added to Research and Markets' offering.
The Synthetic Aperture Radar Market is Projected to Grow from USD 2.41 Billion in 2017 to USD 4.21 Billion By 2022, at a CAGR of 11.75% from 2017 to 2022.
The growing demand for technologies providing situational awareness, increasing deployment of space-based radars, and geopolitical instabilities in the Asia Pacific and the Middle East regions are fueling the demand for radars for airborne and maritime surveillance applications. These factors are driving the synthetic aperture radar market. However, the development of dual-band synthetic aperture radars offers growth opportunities for the synthetic aperture radar market.
Based on platform, the airborne segment is estimated to account for the largest share of the synthetic aperture radar market in 2017. The growth of this segment can be attributed to the rise in the use of airborne synthetic aperture radars in the aerospace industry. Civil as well as military aircraft are being equipped with synthetic aperture radars. These radars provide unique information to resolve challenges such as climate change, resource monitoring, disaster management, environmental monitoring, etc.
The North American region is estimated to account for the largest share of the synthetic aperture radar market in 2017. Major factors that are expected to drive the North America synthetic aperture radar market include an increase in the demand for surveillance systems and radars since the US military is in the process of replacing its legacy systems of more than three decades with advanced synthetic aperture radars.
The Asia Pacific synthetic aperture radar market is projected to grow at the highest CAGR during the forecast period. Countries in the Asia Pacific region are upgrading their military capabilities through technological developments in the field of synthetic aperture radars. It serves as an opportunity for synthetic aperture radar manufacturers to enhance their businesses in the Asia Pacific region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Synthetic Aperture Radar Market, By Application Area
8 Synthetic Aperture Radar Market, By Platform
9 Synthetic Aperture Radar Market, By Mode
10 Synthetic Aperture Radar Market, By Frequency Band
11 Synthetic Aperture Radar Market, By Component
12 Regional Analysis
13 Competitive Landscape
14 Company Profiles
- Aselsan A.S.
- Bae Systems
- Cobham Plc
- General Atomics Aeronautical Systems, Inc.
- Harris Corporation
- Israel Aerospace Industries Ltd.
- Leonardo S.P.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Saab Ab
- Thales Group
For more information about this report visit https://www.researchandmarkets.com/research/639g3b/synthetic