Demand For Synthetic Aperture Radar Is On The Rise

By  | September 20, 2017 | Filed under: Float Switch, Level Sensors, Wireless Sensors

MarketsandMarkets report titled ‘”Synthetic Aperture Radar Market by Frequency Band, Component, Platform , Application Area , Mode , and Region, seems to indicate that the Synthetic Aperture Radar market will grow from $2.41 Billion in 2017 to $4.21 Billion by 2022, at a CAGR of 11.75% from 2017 to 2022. With the growing demand for multi-temporal satellite imagery and up-to-date situational awareness in disaster situations, the need for robust change detection methods is constantly increasing. Various building/infrastructure damage detection methods have been introduced in recent years, which are expected to drive the synthetic aperture radar market between 2017 and 2022.

 

Findings include:

  • Based on frequency band, the X band segment is projected to lead the synthetic aperture radar market during the forecast period.
  • Based on application area, the commercial segment of the synthetic aperture radar market is projected to witness the highest growth during the forecast period.
  • Based on mode, the multimode segment of the synthetic aperture radar market is projected to witness the highest growth during the forecast period.
  • The North American region is expected to lead the synthetic aperture radar market during the forecast period.
  • Major companies profiled in the synthetic aperture radar market report are Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Thales Group (France), etc. 

For more details, contact MarketsandMarkets, Seattle, WA. 1-888-600-6441

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Demand For Synthetic Aperture Radar Is On The Rise
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