Synthetic Aperture Radar

Synthetic Aperture Radar

Global Synthetic Aperture Radars Market to Reach $6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Synthetic Aperture Radars estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$6 Billion by 2027, growing at a CAGR of 10.6% over the analysis period 2020-2027. X Band, one of the segments analyzed in the report, is projected to record a 12.7% CAGR and reach US$2.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the L Band segment is readjusted to a revised 11.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $854.1 Million, While China is Forecast to Grow at 9.7% CAGR

The Synthetic Aperture Radars market in the U.S. is estimated at US$854.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 9.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.3% and 8.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.

C Band Segment to Record 10% CAGR

In the global C Band segment, USA, Canada, Japan, China and Europe will drive the 10% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$387.7 Million in the year 2020 will reach a projected size of US$762.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 41 Featured) -

• Aselsan A.S.
• BAE Systems PLC
• Cobham PLC
• General Atomics Aeronautical Systems, Inc.
• Harris Corporation
• Israel Aerospace Industries (IAI)
• Leonardo SpA
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Company
• SAAB AB
• Thales Group

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