Global Synthetic Aperture Radar Market: Growth, Trends and Forecast (2018-2023) - ResearchAndMarkets.com

The "Global Synthetic Aperture Radar Market - Segmented by Application (Military and Defense, Monitoring and Exploration), and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global Synthetic Aperture Radar Market was valued at USD 2.24 billion in 2017 and is expected to reach USD 4.24 billion by 2023, at a CAGR of 11.6%, during the forecast period (2018-2023). The report profiles synthetic aperture radar (SAR) providers for various applications, such as military and defense, monitoring, and exploration.

The sector is still biased toward electro-optically derived imagery. However, increasing levels of acceptance and usage of satellite-derived synthetic aperture radar data were observed, during the last few years.

Moreover, factors such as increasing demand for enhanced imaging technologies for remote sensing and security concerns, specifically to counter terrorism in the Middle East and Asia-Pacific, and the need for continuous awareness of the environment, are expected to drive the synthetic aperture radar market, during the forecast period.

Key Highlights

• The Monitoring & Exploration Segment is Expected to Register a Significant Growth Rate
• North America is Expected to Register Highest Market Share

Developments in the Market

• June 2018 - Airbus announced a data-sharing agreement with Thailand-based satellite imagery purveyors, Planet Labs. The deal also comprises a project to deliver a geo-information platform and pipeline for the Thai government.
• March 2018 - ICEYE signed an agreement with Kongsberg Satellite Services to acquire SAR satellite tasking and data from ICEYE. The maritime and ice monitoring data will be collected with ICEYE-X1, its first satellite in orbit.

Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Insights

5. Market Dynamics

6. Global Synthetic Aperture Radar Market Segmentation

7. Competitive Intelligence

8. Investment Analysis

9. Future of the Market

Companies Profiled

• Lockheed Martin Corporation
• Airbus Defence and Space
• ASELSAN AS
• BAE Systems
• Cobham PLC
• General Atomics Aeronautical Systems Inc.
• Harris Corporation
• IMSAR LLC
• Israel Aerospace Industries Ltd
• Leonardo SpA
• Maxar Technologies Ltd
• MetaSensing Group
• Northrop Grumman Corporation
• Raytheon Company
• Saab AB
• SAR AERO
• SRC Inc.
• Thales Group

For more information about this report visit https://www.researchandmarkets.com/research/swvjqb/global_synthetic?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20181217005714/en/