Synthetic Aperture Radar (SAR) Market will exhibit Negative impact during 2020-2024|Rising Preference for the Integrated C4 to improve the Market Growth | Technavio
Technavio has been monitoring the synthetic aperture radar (SAR) market, operating under the industrials sector. The latest report on synthetic aperture radar (SAR) market, 2020-2024 estimates it to register an incremental growth of USD 878.07 million, 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)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Airbus SE, ASELSAN AS, BAE Systems Plc, Israel Aerospace Industries Ltd., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Raytheon (News - Alert) Technologies Corp., Saab AB, and Thales Group are among some of the major market participants.
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Rising preference for the integrated c4 has been instrumental in driving the growth of the market.
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Synthetic Aperture Radar (SAR) Market 2020-2024: Segmentation
Synthetic Aperture Radar (SAR) Market is segmented as below:
Based on geographic segmentation, over 38% of the market growth originated from North America during the forecast period. In addition, space-based SAR led the growth under the types division. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.
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. The synthetic aperture radar (SAR) market report covers the following areas:
This study identifies the increasing investments in surveillance and attack UAVs as one of the prime reasons driving the Synthetic Aperture Radar (SAR) Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Synthetic Aperture Radar (SAR) Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Integration Type
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