Global Synthetic Aperture Radar Market to reach USD 7.2 billion by 2027.Global Synthetic Aperture Radar Market is valued approximately at USD 3.32 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 11.6% over the forecast period 2021-2027. Synthetic aperture radar is used to create a two-dimensional or three-dimensional reconstruction of a landscape or an object. Synthetic aperture radar is a space or aerial radar technology that creates high-resolution distant sensory images. A synthetic aperture radar, or SAR, system collects data from the flight path in order to electrically excite an aperture or large antenna. It collects data from a variety of places to create a fully mobile operating system. The market is driven by increasing demand for enhanced imaging technology for remote sensing and growing demand for technologies providing situational awareness. For instance, In May 2021, officials at the US Air Force Research Laboratory in Ohio announced contracts for USD 5.2 million to BAE Systems Electronic Systems and USD 4.1 million to the Utah State University Space Dynamics Laboratory for a moving target detection project (MTR). Furthermore, rise in product launches and collaborations boost the market growth in the upcoming years. Such as, China launched Gaofen-7, an earth observation satellite with synthetic aperture radar, in 2019, while ISRO and NASA are collaborating to launch NISAR, an earth observation satellite, in 2022. However, performance limitations of synthetic aperture radar systems may impede market growth over the forecast period of 2021-2027.

North America is home to some of the major players in the market, such as Lockheed Martin Corporation, Northrop Grumman Corporation, and Raytheon Company. The presence of such major players encourages technical investment in synthetic aperture radar (SAR), resulting in market expansion. The United States has one of the largest defence budgets in the globe and has been spending significantly in research and development. The defence budget is significantly growing each year.

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 product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Military and Defense
Monitoring and Exploration
Other Applications
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