Report ID: UCMIG25F2004
Report ID:
UCMIG25F2004 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for synthetic aperture radar was valued at USD 2.21 billion in 2019 and is expected to grow at a CAGR of 10.7% from 2020 to 2027. Synthetic aperture radar is a remote sensing technology used to generate high-resolution two- and three-dimensional images of objects on earth. Conventional radar systems require longer antennas to produce high-resolution images, resulting in increased weight and costs for satellites. For instance, a spatial resolution of 10m would require an antenna of approximately 4,250 m long for a space satellite operating at a wavelength of 5 cm, equivalent to 47 football fields.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Cable & Satellite by segment aggregation, the contribution of the Cable & Satellite in Media and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25F2004