By 2024, Synthetic Aperture Radar in Space Sector Market Growth will be Driven by Its Extensive Application in Military Surveillance

Single frequency band is expected to continue its dominance in the global Synthetic Aperture Radar in Space Sector Market share. High utilization of single frequencies for appropriate missions, specifically for military surveillance and reconnaissance will drive the segment growth. In 2017, X band synthetic aperture radar dominated the single frequency band. This can be credited to its extensive applications in military surveillance, geographical mapping and reconnaissance.

Europe Synthetic Aperture Radar in Space Sector Market contributed the largest industry share in 2017 and is expected to surpass USD 2.3 billion by 2024. Multiple planned and ongoing missions in the region, including multi-constellation satellites and follow on missions in Russia, Germany, Finland and the UK will drive the synthetic aperture radar in space sector market growth. Moreover, according to ESA budget for 2018, 52% of the assigned budget capital was dedicated towards navigation, scientific program, earth observation, situational awareness, and technology support. These operations will require increased utilization of microwave-based radars, inadvertently propelling the regional growth.

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As per the United Nations Office for Outer Space Affairs (UNOOSA), around 357 objects were launched into space in 2017, indicating the progress of space tech worldwide. Advancements in satellite technology have opened avenues for the use of imaging tools to monitor tectonic movements, ocean currents, groundwater levels and forest conditions from outside the atmosphere. Touted as being a “cloudless” image sourcing technique, SAR has emerged as an ideal integration into satellites and in 2017 the synthetic aperture radar in space sector market earned more than USD 1.4 billion in remuneration globally.

In principle, synthetic aperture radars transmit microwave pulses through an antenna, which are directed toward the earth’s surface. When the microwave energy is scattered back to the device, it is measured accordingly, and two or three-dimensional images are formed by using the time delay of the received signals. As microwave consists of electromagnetic radiations that have high cloud penetration, SAR satellites can provide images which, unlike conventional satellites, are not hindered by climatic conditions and also allow night-time operations. These advantages over optical imaging systems will deliver enormous growth to the synthetic aperture radar in space sector market.

The synthetic aperture radar in space sector market is constituted of space agencies, IT companies and start-ups working together to produce multi-satellite constellations, which utilize several SAR satellites flying together in a pattern to gather and transmit data. Such endeavors are becoming possible with spacecrafts and programs made for launching multiple satellites at a time, the most notable instance being the 2017 launch of 104 satellites by ISRO in single mission. Recently, the dynamics of the synthetic aperture radar in space sector market has been impacted by the necessity to reduce the overall size of satellites in conjunction with improving the image resolutions and accuracy.

Global SAR in space sector is consolidated in nature with limited presence of the participants contributing the significant share of the synthetic aperture radar in space sector market. This can be attributed to the high initial capital requirement, skilled workforce, and the heavy procedural government approvals required for the projects. Some of the major players in the SAR in space sector market include Airbus SE, Capella, BAE Systems, Iceye, Harris Corporation, Lockheed Martin Corporation, Israel Aerospace Industries, Northrop Grumman Corporation, MDA Information Systems, Thales Group, Raytheon Company, and Uthercast. 

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Glimpse of Table of Content (ToC)

Chapter 3.  Synthetic Aperture Radar In Space Sector Market Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2024

3.3. Industry ecosystem analysis

3.3.1.  Manufacturers/Contractors

3.3.2.   Operators

3.3.3.   Profit margin trends

3.3.4.  Vendor matrix

3.4. Technology landscape

3.5. Regulatory landscape

3.5.1.1. North America

3.5.1.2. Europe

3.5.1.3. Asia Pacific

3.5.1.4. Latin America

3.5.1.5. MEA

3.6. Key projects and multi-SAR constellations

3.6.1.  North America

3.6.2.   Europe

3.6.3.   Asia Pacific

3.6.4.   Latin America

3.6.5.   MEA

3.7. Industry impact forces

3.7.1.    Growth drivers, by region

3.7.1.1. North America

3.7.1.2. Europe

3.7.1.3. Asia Pacific

3.7.1.4. Latin America

3.7.1.5. MEA

3.7.2. Industry pitfalls & challenges

3.8. Innovation & sustainability

3.9. Growth potential analysis, 2017

3.10.   Competitive landscape, 2017

3.10.1.  Top players overview

3.10.2.  Key stakeholders

3.10.3.  Strategy dashboard

3.11. Porter’s analysis

3.12. PESTEL analysis 

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