SAR in Space Sector Industry Statistics, Analysis & Forecast To 2024

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SAR in Space Sector Market for Europe to cross
USD 2 billion by 2024
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Key Insights from SAR in Space Sector Market

• Remote sensing solutions for developing high
  resolution imagery for applications of earth
  observation, weather monitoring, biomass
  measurement, space exploration, and ocean
  monitoring is expected to provide strong growth
  opportunity for SAR in space sector market.
  Moreover, capability of these systems to perform
  efficiently, even in absence of light and cloudy
  weather conditions will inadvertently propel the
  industry growth.
• Growing commercialization of imagery data
  obtained through these satellites are among the
  major trend gaining traction in the SAR in space
  sector market. Requirement to capitalize on these
  business opportunities has in turn led to intense
  competitive scenario among the industry
  participants.
• High development, deployment costs and complexity
  in proper utilization of the obtained image data
  are expected to remain the prominent growth
  inhibitor of the SAR in space sector market
  through the forecast period. Moreover, large
  space footprint and heavy weight architecture
  also contribute to the overall costing of these
  satellite missions impacting the industry growth
  negatively.

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Continued...

• Single frequency band contributed the largest
  industry share in 2017, owing to its conventional
  applications in the military operations. X band
  was the largest frequency bandwidth in
  utilization in 2017 and is expected to continue
  its dominance over the forecast period. This can
  be attributed to its extensive applications in
  geographical mapping, military surveillance and
  reconnaissance.
• Research commercial applications are expected
  to witness inorganic growth over the forecast
  timeframe. Significant growth opportunity in the
  disaster management, weather updates,
  meteorology, navigation and natural resource
  exploration are among the dominant end use that
  will provide the strong growth prospects to the
  SAR in space sector market.

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Synthetic Aperture Radar in Space Sector Market,
By Frequency Band, 2017 2024 (USD Million)

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Major Companies in SAR in Space Sector Market

• Airbus SE
• BAE Systems
• Capella
• Harris Corporation
• Iceye
• Israel Aerospace Industries
• Lockheed Martin Corporation
• MDA Information Systems
• Northrop Grumman Corporation

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Industry Coverage

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Regional Insights in SAR in Space Sector Market

• Europe accounted for the largest share in 2017,
  is expected to cross USD 2 billion by 2024. This
  can be credited to the high number of projects in
  Russia, Germany, the UK, and Finland. Moreover,
  high emphasis of European Space Agency (ESA) on
  navigation, earth observation, scientific
  program, technology support, and situational
  awareness has significantly contributed to the
  industry growth. According to the ESA budget for
  2018, over 52 of the assigned budget capital was
  dedicated towards these activities, driving the
  SAR in space sector market growth.

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