SYNTHETIC APERTURE RADAR MARKET ANALYSIS
Incorporation of advanced control system software tools to seamlessly support planning, implementing, seamless communication, data processing and dissemination has led to increased applications. Moreover, substantial potential of utilization for these systems in commercial applications that include agriculture, energy, financial commodities and shipping industries would present significant opportunities for industry growth.
Defense based applications are expected to garner highest revenue margins over the forecast period
These find significant applications in aircrafts and satellites that prove instrumental in tracking missiles, rendering the images of the terrain and targets below the airborne vehicles. For instance, in July 2017, upgraded aircraft by the U.S. Air Force, the F-22 featured a SAR systems. According to Coherent Market Insights, global defense spending projected to increase at a CAGR of 3% over the forecast period is expected to present significant growth potential over the same period.
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