Increased need for technology to advancement situational knowledge is a major driver boosting market expansion. Due to factors such as government disaster management programmes, growing need for cyber security, public safety, and smart infrastructure management, adoption of modern technology in the space sector is boosting situational awareness. For instance, the Disaster Management Act, 2005, which is known for the establishment of the National Disaster Management Authority, was passed by the Indian government in December 2005. (NDMA). By creating a comprehensive, proactive, multi-disaster oriented, and technology driven approach through a culture of prevention, mitigation, preparedness, and response, this act aims to create a safe and disaster-resilient nation.
Global Synthetic Aperture Radar in Space Sector Market was valued at US$ 1,372.5 Mn in 2021 and is expected to reach US$ 4,017.6 Mn by 2030, growing at a CAGR of 9.9% between 2022 and 2030.
Leading Companies in the Synthetic Aperture Radar in Space Sector Industry:
1. Airbus SE
Airbus SE is a company incorporated in 1998 that is active in the aerospace and defence industry. Headquarters are based in Leiden, Netherland. In November, 2022 Airbus announced partnership with Renault to develop a new generation of electric batteries for cars and planes.
2. Lockheed Martin Corporation
Lockheed Martin Corporation was founded in 1912 and headquartered in Bethesda, Maryland. Lockheed Martin Corporation and Sintavia LLC, in December, 2022 announced a collaboration to expand research of metal additive manufacturing (AM) opportunities as an alternative to casting and forging.
3. Israel Aerospace Industries
Israel Aerospace Industries is a world leading aerospace and defence company since 1953. Israel Aerospace Industries (IAI) has unveiled its latest Tactical Electronic System in the month of November, 2022.
4. Thales Group
Thales provides various solution for civilian and military customers in the aeronautics, space, defence and digitals security markets since 1893. The company has headquarters in Courbevoie, France.
5. Northrop Grumman Corporation
Northrop Grumman Corporation was founded in 1939 and since then operates as an aerospace and defence company. The company has headquarters in Falls church, Virginia and is operational in more than 25 countries. In the month of December, 2022 Northrop Grumman Corporation and the US Air force introduced the B-21 Raider.
6. MDA Information Systems
MDA Ltd. was founded in 1969, it designs, manufactures and services space robotics, satellite system and components, and intelligence system worldwide. The company has headquarters in Brampton, Canada. MDA Ltd. in the month of April, 2022 announced that it is working with Lockheed Martin and General Motors to integrate MDA’s commercial robotic arm technology on their planned human rated lunar mobility vehicle.
7. Raytheon Company
The Raytheon Company develops, produces, and sustains integrated air and missile defence system and combat solutions. The company is headquartered in Arlington, Virginia.
8. Harris Corporation
Harris Corporation was founded in 1895 and is an aerospace and defence technology company, provides mission control solution for government and commercial costumer worldwide. The company is headquartered in Melbourne, florida and operated in more than 100 countries. . L3Harris Technologies in December, 2022 announced delivery of the first of more than 100 T7™ explosive ordnance disposal robots to the U.S. Air Force as part of a contract supporting the USAF’s global EOD mission.
9. BAE Systems.
The company was founded in 1970 and is based in Franborough, the United Kingdom. The company operates in more than 90 countries and provides defence, aerospace, and security solutions worldwide. In December, 2022 Sweden Germany, and the United Kingdom have reached an agreement with BAE system to purchase 436 BvS10 all-terrain vehicles.
*Definition- Synthetic aperture radar (SAR) is a technique that is used for producing high-resolution images from a resolution-limited radar system.
