COVID-19 Impacts: Synthetic Aperture Radar (SAR) Market Will Accelerate at a CAGR of Almost 5% Through 2020-2024 | Increasing Investments in Surveillance and Attack UAVs to Boost Growth | Technavio
Technavio has been monitoring the synthetic aperture radar (SAR) market and it is poised to grow by USD 878.07 million during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Synthetic Aperture Radar (SAR) Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Airbus SE, ASELSAN AS, BAE Systems Plc, Israel Aerospace Industries Ltd., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman (News - Alert) Corp., Raytheon Technologies Corp., Saab AB, and Thales Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing investments in surveillance and attack UAVs has been instrumental in driving the growth of the market. However, complexity in data management might hamper market growth.
Synthetic Aperture Radar (SAR) Market 2020-2024: Segmentation
Synthetic Aperture Radar (SAR) Market is segmented as below:
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Synthetic Aperture Radar (SAR) Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our synthetic aperture radar (SAR) market report covers the following areas:
This study identifies the rising preference for the integrated C4ISR ecosystem as one of the prime reasons driving the synthetic aperture radar (SAR) market growth during the next few years.
Synthetic Aperture Radar (SAR) Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the synthetic aperture radar (SAR) market, including some of the vendors such as Airbus SE, ASELSAN AS, BAE Systems (News - Alert) Plc, Israel Aerospace Industries Ltd., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Saab AB, and Thales Group. Backed with competitive intelligence and benchmarking, our research reports on the synthetic aperture radar (SAR) market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Synthetic Aperture Radar (SAR) Market 2020-2024: Key Highlights
Table Of Contents :
Five Forces Analysis
Market Segmentation by Integration Type
Market Drivers - Demand led growth
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