Home > Aerospace & Defense > Aviation Technology > Synthetic Aperture Radar (SAR) Market
Synthetic Aperture Radar Market size valued at USD 5.5 Billion in 2022 and is set to register at a 10% CAGR between 2023 and 2032. The need for geospatial information is increasing in many sectors including agriculture, urban planning, infrastructure, and natural resource management. SAR provides the opportunity to make informed decisions and develop resources by providing detailed & accurate geospatial information, thus driving the SAR market statistics.
Synthetic Aperture Radar (SAR) is a remote sensing technique used to acquire high-resolution images and data of the Earth's surface. It works by emitting a microwave signal in the target area and capturing the signal that returns to the radar sensor.
Report Attribute | Details |
---|---|
Base Year: | 2022 |
Synthetic Aperture Radar Market Size in 2022: | USD 5.5 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 10% |
2032 Value Projection: | USD 15 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 320 |
Tables, Charts & Figures: | 352 |
Segments covered: | Frequency Band, Component, Application, End-Use, and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The high cost of SAR technology (including satellite or aerial platforms, radar equipment, and data processing systems) can be a barrier for small organizations or countries with limited capital. Cost considerations may limit the widespread use of SAR systems in some applications. In addition, technological advancements and advancements in SAR satellite missions have helped reduce costs over time. The development of small & low-cost SAR satellites, advancements in radar technology, and the growth of commercial SAR vendors have played a role in developing SAR technology.