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.
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