The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Synthetic Aperture Radar Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Synthetic Aperture Radar Market is no different. Derived from the previous market scenario, the Synthetic Aperture Radar Market is likely to witness an impressive CAGR of 12.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Market Share Analysis
Synthetic Aperture Radar Market Share: By Platform Type
Based on the platform type, the market is segmented as airborne and ground. The airborne segment is estimated to witness a higher growth during the forecast period. Manufacturers of airborne synthetic aperture radars are taking enormous efforts to develop specialized airborne synthetic aperture radars for Unmanned Aerial Vehicles (UAVs), as the use of airborne synthetic aperture radars in UAVs empowers easy data collection of fast-changing terrains, such as snow slopes and active volcanoes.
Synthetic Aperture Radar Market Share: By Mode Type
Based on the mode type, the market is segmented as single mode and multimode. The multimode segment led the market in 2018, and is expected to remain dominant during the forecast period. Synthetic aperture radars employing multimode are in high demand, owing to their ability to capture images based on various application requirements.
Synthetic Aperture Radar Market Share: By Frequency Band Type
Based on the frequency band type, the market is segmented as X band, C band, S band, L band, VHF/UHF band, K/Ku/Ka band, and others. A frequency band is an interval at which a specific radar transmits a signal. These frequency bands are differentiated based on their wavelength, which ranges from 0 GHz to 40 GHz. Radio frequency waves are transmitted through antennas into the space that are, further, reflected from the target.
Synthetic Aperture Radar Market Share: By Region
In terms of regions, the North American region dominated the market in 2018, as various leading manufacturers of synthetic aperture radars, such as Lockheed Martin Corporation (US), Raytheon Company (US), Northrop Grumman Corporation (US), etc., have their headquarters in North America. The North American region is estimated to maintain its dominance during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.