by Synthetic aperture radar (SAR) is an active radar imaging system used for earth observation and for exploration of planetary surfaces. SAR uses the relative motion of an antenna across a stationary target scene to synthesize an antenna array producing coherent radar pulses. SAR finds applications in oil and gas exploration, mineral exploration, infrastructure monitoring, agriculture, forestry, disaster management, land use and land classification. The advantages offered by SAR such as its all-weather operation and round-the-clock imaging capabilities make it suitable for applications in defense. SAR is widely used in defense applications such as reconnaissance, intelligence gathering, and surveillance. Due to rising defense budgets and growing focus on modernizing defense forces worldwide, the adoption of SAR in defense applications is increasing rapidly.
The global Synthetic Aperture Radar (SAR) Market is estimated to be valued at US$ 4.69 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the synthetic aperture radar market is multi-frequency/multi-polarized Synthetic Aperture Radar (SAR). Multi-frequency SAR systems operate at dual or multiple frequency bands with dual or multi-polarized antennas providing enhanced information content. Multi-frequency SAR allows monitoring of changes in crops, forests and terrain. It improves the detection and identification of targets for defense applications. Leading players are focusing on developing SAR systems capable of multi-frequency and dual-polarized configurations to meet the diverse application requirements. For instance, Leonardo launched its Cosmo-SkyMed second generation constellation with multi-band X-band and C-band SAR capability in 2020.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the synthetic aperture radar market is moderate. Significant capital is required to develop new SAR technology and satellites. Established players have technological and financial resources advantages.
Bargaining power of buyers: The bargaining power of buyers in the synthetic aperture radar market is high. Buyers have a wide range of product and technology options from various established manufacturers.
Bargaining power of suppliers: The bargaining power of suppliers in the synthetic aperture radar market is low. Established manufacturers internally develop most SAR technology and components.
Threat of new substitutes: The threat of substitutes in the synthetic aperture radar market is low. SAR technology provides unique benefits over optical and infrared imaging.
Competitive rivalry: Competition in the synthetic aperture radar market is high among established manufacturers. Players compete based on technological innovations, product quality, and cost.
Key Takeaways
The Global Synthetic Aperture Radar (SAR) Market Size is expected to witness high growth. Advancing SAR technology has expanded applications in defense, meteorology, and engineering. The global Synthetic Aperture Radar Market is estimated to be valued at US$ 4.69 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030.
Regional analysis:
North America dominates the synthetic aperture radar market currently due to high defense spending and presence of major players like DuPont de Nemours, Inc. and Roquette Frères. However, the Asia Pacific region is expected to grow at the fastest pace during the forecast period with increasing investments by countries like China and India to develop indigenous defense capabilities.
Key players:
Key players operating in the synthetic aperture radar market are DuPont de Nemours, Inc., Roquette Frères, Ashland Global Holdings Inc., and Innophos Holdings, Inc. DuPont de Nemours and Roquette Frères are established leaders with strong technological capabilities and global presence. New players are focusing on partnerships and collaborations for technology development and market access.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
