What is the future of Synthetic Aperture Radar Market? Know Covid Impact on Size, Share & Forecasts
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Synthetic Aperture Radar Market.
It was estimated prior to this unanticipated outbreak that the Synthetic Aperture Radar Market was likely to witness an impressive CAGR of 12.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. The escalating deployment of space-based radars, driven by their long-range propagation characteristics of radar signals and intricate information processing capability of modern digital electronics to deliver high-resolution imagery are expected to bolster the global synthetic aperture radar market during the forecast period.
Synthetic Aperture Radar Market Segment Insights:
By Platform Type:
The airborne segment is estimated to witness a higher growth during the forecast period. Manufacturers of airborne synthetic aperture radars are taking enormous efforts to develop specialized airborne synthetic aperture radars for Unmanned Aerial Vehicles (UAVs), as the use of airborne synthetic aperture radars in UAVs empowers easy data collection of fast-changing terrains, such as snow slopes and active volcanoes.
By Mode Type:
The multimode segment led the market in 2018, and is expected to remain dominant during the forecast period. Synthetic aperture radars employing multimode are in high demand, owing to their ability to capture images based on various application requirements.
By Frequency Band Type:
A frequency band is an interval at which a specific radar transmits a signal. These frequency bands are differentiated based on their wavelength, which ranges from 0 GHz to 40 GHz. Radio frequency waves are transmitted through antennas into the space that are, further, reflected from the target.
By Region:
North American region dominated the market in 2018, as various leading manufacturers of synthetic aperture radars, such as Lockheed Martin Corporation (US), Raytheon Company (US), Northrop Grumman Corporation (US), etc., have their headquarters in North America. The North American region is estimated to maintain its dominance during the forecast period. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.