A growing need for security and countermeasure operations involving UAVs has resulted in major improvements in the electronic component integration of C4IRS (command, control, communications, computers, intelligence, reconnaissance, and surveillance) systems to support military and defense operations. The defense agencies then use these UAVs more frequently for attack and surveillance missions, which in turn fuels the market for synthetic aperture radar (SAR). Applications have risen as a result of the incorporation of cutting-edge control system software tools to enable planning, implementing, seamless communication, data processing, and dissemination. Additionally, there are tremendous chances for industrial expansion due to the substantial potential for these systems' use in commercial applications, such as those in the shipping, agriculture, energy, and financial commodities industries. These have significant uses in satellites and aircraft that help track missiles and produce views of the ground and targets below the flying objects. Large firms controlling the regional industry share and a fragmented market presence are characteristics of the industry.
The Coherent Market Insights estimates that the market size for Synthetic Aperture Radar is anticipated to be USD 4,687.99 million in 2023 and USD 7,924.47 million in 2028, increasing at a CAGR of 11.07% over the forecast period (2023-2028).
Top Companies in the Synthetic Aperture Radar Industry:
1. Airbus Defense and Space
The firm was started in 2014 and is based in Taufkirchen, Germany. The business produces equipment for aviation and spacecraft. In addition to designing, producing, and delivering aerospace products, the company also maintains airplanes. The German-based encryption and communication systems firm, DSI Datensicherheit GmbH, was purchased by Airbus Defence and Space in April 2022.
2. Lockheed Martin
The firm was founded in 1995 and is based in Bethesda, Maryland, United States. The primary functions of the worldwide security firm Lockheed Martin Corporation include research, design, development, manufacturing, and integration of high-tech goods and services. Aerojet Rocketdyne Holdings would be purchased by Lockheed Martin for $4.4 billion on December 20, 2020, according to the announcement.
3. Israel Aerospace Industries (IAI)
The firm was started in 1953 and is located in Lod, Israel. IAI creates, develops, manufactures, and maintains fighter jets, drones, civil aircraft, avionics, and space-based technologies. IAI Aviation Group and Atitech (Italy) have agreed to set up a passenger to cargo conversion facility in Naples for the B737-700/800 in July 2021.
4. Thales
The company was founded in 2000 and is based in Paris, France. The business creates, develops, and produces electrical components as well as tools and gadgets for the transportation, security, aerospace, and military industries. ArianeGroup and Thales Alenia Space inked a contract in June 2023 to begin manufacturing the Ariane 6 range safety system.
5. Northrop Grumman,
The company was started in 1994 and is based in Falls Church, Virginia, United States. Manufacturing aerospace and defense goods is the business of Northrop Grumman Corp. (Northrop Grumman). Northrop Grumman stated in August 2022 that it would transfer from Russia and Ukraine to the United States all of the structures and engines used in its Antares rockets.
6. SSTL
The business was founded in 1985 and is based in Guildford, United Kingdom. It has a variety of uses, including communication, science, and earth observation. The business specializes in the production and use of tiny satellites. For lunar missions, SSTL began developing the Lunar Pathfinder communications spacecraft in 2020.
7. Raytheon
The company was started in 1922 and is based in Waltham, Massachusetts, United States. The Raytheon Company was a significant industrial and defence company in the United States with manufacturing interests in both commercial and military electronics and weapons. In order to become Raytheon Technologies, the business joined with United Technologies Corporation in April 2020.
*Definition: The term "synthetic aperture radar market" refers to the airborne and space-based SAR that works on the idea of sending and receiving reflected signals which communicate with the ground and help with imaging, tracking, detection, and characterization.
