At 12.0% CAGR, Asia Pacific Synthetic Aperture Radar Market is Projected to be Worth US$ 2,823.14 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific synthetic aperture radar market was valued at US$ 1,140.44 million in 2022 and is anticipated to reach US$ 2,823.14 million by 2030, recording a CAGR of 12.0% from 2022 to 2030. Rising preference for integrated C4ISR ecosystem and growing demand for earth observation and remote sensing capabilities are among the critical factors attributed to drive the Asia Pacific synthetic aperture radar market growth.

The synthetic aperture radar market is driven by the increasing preference for an integrated Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) ecosystem. Traditionally, C4ISR systems have relied on separate stand-alone units, each equipped for specific functions and mission requirements. This approach often leads to the use of separate systems and displays for collecting and analyzing information, resulting in a rigorous and time-consuming process. To address these challenges, defense agencies are now leaning toward adopting an enterprise integration approach. This approach advocates for the integration of secure and interoperable C4ISR networks and systems, streamlining the entire process. In this integrated C4ISR approach, governments take responsibility for designing enterprise blueprints and intersystem interfaces. At the same time, vendors deliver individual systems and sub-components that can be seamlessly integrated into the overall C4ISR environment.

The adoption of an integrated C4ISR approach offers several benefits. Firstly, it simplifies the process for Original Equipment Manufacturers (OEMs) and prime integrators, as they do not have to upgrade existing systems. This results in cost advantages and process simplifications for these stakeholders. Secondly, the integration of C4ISR networks and systems enhances operational efficiency by enabling parallel planning and decision-making abilities, enhancing situational awareness, and staying ahead of adversaries in accelerated operational environments. This trend represents a paradigm shift from the traditional acquisition approach and is expected to have a positive impact on the synthetic aperture radar market. The integration of C4ISR systems improves the overall efficiency and effectiveness of military operations and contributes to cost savings and process simplifications. As a result, the demand for SAR systems, which play a crucial role in the integrated C4ISR ecosystem, grows, thereby positively favoring the market.

On the contrary, satellite launch delays hamper the growth of Asia Pacific synthetic aperture radar market. 

Based on component, the Asia Pacific synthetic aperture radar market is categorized into receiver, transmitter, and antenna. The antenna segment held 60.2% market share in 2022, amassing US$ 687.07 million. It is projected to garner US$ 1,765.85 million by 2030 to register 12.5% CAGR during 2022-2030.

In terms of frequency band, the Asia Pacific synthetic aperture radar market is segmented into x band, l band, c band, s band, and others. The x band segment held 47.1% share of Asia Pacific synthetic aperture radar market in 2022, amassing US$ 537.69 million. It is anticipated to garner US$ 1,349.21 million by 2030 to expand at 12.2% CAGR during 2022-2030.

By application, the Asia Pacific synthetic aperture radar market is divided into commercial and defense. The defense segment held 55.0% share of Asia Pacific synthetic aperture radar market in 2022, amassing US$ 626.75 million. It is projected to garner US$ 1,503.21 million by 2030 to expand at 11.6% CAGR from 2022 to 2030.

Based on platform, the Asia Pacific synthetic aperture radar market is bifurcated into ground and airborne. The airborne segment held 83.7% share of Asia Pacific synthetic aperture radar market in 2022, amassing US$ 954.20 million. It is predicted to garner US$ 2,386.22 million by 2030 to expand at 12.1% CAGR between 2022 and 2030.

In terms of mode type, the Asia Pacific synthetic aperture radar market is bifurcated into single and multi. The multi segment held 75.8% share of Asia Pacific synthetic aperture radar market in 2022, amassing US$ 864.75 million. It is estimated to garner US$ 2,177.75 million by 2030 to expand at 12.2% CAGR during 2022-2030.

By country, the Asia Pacific synthetic aperture radar market is categorized into Australia, Japan, India, China, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 46.7% share of Asia Pacific synthetic aperture radar market in 2022. It was assessed at US$ 532.70 million in 2022 and is likely to hit US$ 1,442.91 million by 2030, registering a CAGR of 13.3% during 2022-2030.

Key players operating in the Asia Pacific synthetic aperture radar market are Northrop Grumman Corp, ASELSAN AS, BAE Systems Plc, Israel Aerospace Industries Ltd, Leonardo SpA, Lockheed Martin Corp, Raytheon Technologies Corp, Thales SA, and Saab AB, among others.

• In December 2021, Leonardo conducted the inaugural flight trials of its Osprey 50 Active Electronically Scanned Array (AESA) radar, which is an enhanced version of the successful Osprey surveillance radar. These flight trials were carried out in support of production for a Strategic Intelligence, Surveillance, and Reconnaissance (ISR) platform, as well as Collins Aerospace's Tactical Synthetic Aperture Radar (TacSAR) reconnaissance system.
  
  

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com