Synthetic Aperture Radar In Space Sector Market

1. Synthetic Aperture Radar In Space Sector Market Competitive Intelligence and Tracking Report Till 2026 Synthetic Aperture Radar In Space Sector Market research provides industry analysis by type, manufacturer, application along with key factors influencing the growth of the market which include growth drivers, restraints, opportunities and challenges, strategically profile key players and comprehensively analyze their market share and core competencies. The global synthetic aperture radar in space sector market was valued at US$ 600.6 Mn in 2016 and is expected to be pegged at US$ 1,714.0 Mn by 2025, registering a CAGR of 12.50% over the forecast period. Increasing requirement of environment monitoring, public safety, and natural resource exploration is major factor fueling growth of the industry. Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/1383 Increasing Demand for Technology in enhancing Situational Awareness is key factor driving growth of the market Adoption for advanced technologies in space sector is fueling situational awareness, owing to factors such as government initiatives toward disaster management, increasing need for cyber security, public safety, and smart infrastructure management. For instance, in December 2005, Indian government took initiative towards disaster management by enacting the Disaster Management Act, 2005, which envisioned the creation of the National Disaster Management Authority (NDMA). The objective of this act is to build a safe and disaster resilient country by developing a holistic, proactive, multi-disaster oriented and technology driven strategy through a culture of prevention, mitigation, preparedness, and response. Situation awareness is a model of decision making by observing, understanding, and forecasting scenarios. The arena of situation awareness consist of various products, components, and

2. technologies to improve the perception of environmental factors within a specific space and time. Also, it aims in providing information associated with the location of critical assets, along with the state, location, and status of potential threats facing such assets. The key solutions available in the situation awareness systems include human-machine interface (HMI), physical security information management, fire and flood alarm systems, and access control. These solutions have potential application in disaster response, bio-surveillance, smart infrastructure management, and environmental impact tracing. High Development Cost of SAR due to Frequent Customization is the key factor expected to restrain growth of the market Synthetic Aperture Radar (SAR) systems are very important for the Earth Observation (EO) business. Synthetic aperture radar satellites system are typically more expensive to develop, and despite distinct advantages, the images are more complex, raising processing costs. Conventional synthetic aperture radars can balance tens of thousands of pounds and as large as a school bus. This are additionally responsible for providing significant capabilities for remote sensing, communication and science, but this costs hundreds of millions of dollars per satellite and may require years to build and launch. Owing to this huge investment required to construct, promotion and operation is expected to restraint the growth of the global synthetic aperture radar market during forecast period. Browse Complete Report @ https://www.coherentmarketinsights.com/market-insight/synthetic-aperture-radar-in-space-sector-market-1383 Single-frequency band segment dominated the market in 2016 and expected to retain its dominance during the forecast period Among the frequency band segment, single-frequency band accounted for the largest share of 84.73% in the global SAR in space sector market in 2016. This growth is attributed to the growing requirement of the data generated by SARs for various defense, research, and commercial applications, including natural resource exploration and tracking ship movements in areas with bad weather conditions. According to Coherent Market Insights analysis, ongoing marine trade relations between Canada and North of Russia are highly prone to extreme weather conditions and icebergs, which in turn propels demand for technologies ensuring safety of the ships and commodities necessitating the requirement of SARs. Defense application accounted for largest share in global SAR in space sector market in 2016 Among application segment defense application is expected to witness a CAGR of 11.43% over the forecast period. This growth is attributed to the growing requirement of the data generated by SARs for various defense applications that include surveillance, reconnaissance, and environmental monitoring in areas with bad weather conditions. North America accounted for the largest market share in 2016 On the basis of geography, global SAR in space sector market is segmented into North America, Europe, Asia Pacific, Middle East, and Africa. The market in North America accounted largest share

3. in global SAR market for space sector application. The North America SAR market in Space Sector was valued at about US$ 246.3 million in 2016. The U.S. and Canada are the major economies driving the market of SAR in space sector in North America region, prominently owing to the growing number of SAR constellation deployments in space. Chief instances of ongoing developments in this industry include the Capella (U.S.), OptiSAR (Canada), Radarsat (Canada), and SMAP (U.S.) projects. Furthermore, requirement of SAR imagery in commercial application for environmental monitoring specifically to monitor the ships and sea trade in North Atlantic Ocean and parts of Arctic Ocean are expected to provide key growth opportunities to the SAR in space sector market. Key companies Major players operating in the global synthetic aperture radar in space sector market include Airbus SE, Lockheed Martin Corporation, Israel Aerospace Industries, Thales Group, Northrop Grumman Corporation, MDA Information Systems, Raytheon Company, Harris Corporation, and BAE Systems. Get Discount on this Report @ https://www.coherentmarketinsights.com/insight/request-discount/1383 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com