At 11.8% CAGR, Europe Synthetic Aperture Radar Market is Projected to be Worth US$ 3,649.12 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Europe synthetic aperture radar market was valued at US$ 1,498.08 million in 2022 and is anticipated to reach US$ 3,649.12 million by 2030, recording a CAGR of 11.8% from 2022 to 2030. Rising development of dual-band SAR and growing demand for earth observation and remote sensing capabilities are among the critical factors attributed to drive the Europe synthetic aperture radar market growth.

Dual-band synthetic aperture radar (SAR) technology operates in two frequency bands simultaneously, allowing for enhanced imaging capabilities and improved image quality compared to single-band SAR systems. The use of dual-band SAR offers several advantages. Firstly, it enables better target discrimination and identification, as the combination of two different frequency bands provides more detailed and accurate imaging. This is particularly valuable in applications such as military surveillance, border control, and maritime monitoring, where the ability to distinguish between objects and detect subtle changes is crucial.

Secondly, dual-band SAR technology enhances the system's ability to penetrate and detect objects under challenging environmental conditions. Utilizing two different frequency bands, SAR systems can overcome limitations posed by factors such as vegetation cover, weather conditions, and surface roughness. This increased robustness allows for reliable imaging even in adverse conditions, expanding the range of applications for SAR technology. Moreover, the improved image quality offered by dual-band SAR systems facilitates better interpretation and analysis of the acquired data. This is particularly beneficial in applications such as disaster management, environmental monitoring, and infrastructure planning, where accurate and detailed information is vital for decision-making. Thus, dual-band synthetic aperture radar (SAR) technology has emerged as a significant advancement in the synthetic aperture radar market, presenting new opportunities for market growth and expansion.

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

Based on component, the Europe synthetic aperture radar market is categorized into receiver, transmitter, and antenna. The antenna segment held 58.4% market share in 2022, amassing US$ 874.73 million. It is projected to garner US$ 2,192.92 million by 2030 to register 12.2% CAGR during 2022-2030.

In terms of frequency band, the Europe synthetic aperture radar market is segmented into X band, L band, C band, S band, and others. The X band segment held 46.8% share of Europe synthetic aperture radar market in 2022, amassing US$ 701.82 million. It is anticipated to garner US$ 1,745.55 million by 2030 to expand at 12.1% CAGR during 2022-2030.

By application, the Europe synthetic aperture radar market is divided into commercial and defense. The defense segment held 55.3% share of Europe synthetic aperture radar market in 2022, amassing US$ 827.85 million. It is projected to garner US$ 1,949.80 million by 2030 to expand at 11.3% CAGR from 2022 to 2030.

Based on platform, the Europe synthetic aperture radar market is bifurcated into ground and airborne. The airborne segment held 84.7% share of Europe synthetic aperture radar market in 2022, amassing US$ 1,268.65 million. It is predicted to garner US$ 3,123.16 million by 2030 to expand at 11.9% CAGR between 2022 and 2030.

In terms of mode type, the Europe synthetic aperture radar market is bifurcated into single and multi. The multi segment held 73.8% share of Europe synthetic aperture radar market in 2022, amassing US$ 1,105.78 million. It is estimated to garner US$ 2,746.26 million by 2030 to expand at 12.0% CAGR during 2022-2030.

By country, the Europe synthetic aperture radar market is categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the UK captured 26.0% share of Europe synthetic aperture radar market in 2022. It was assessed at US$ 388.90 million in 2022 and is likely to hit US$ 1,078.68 million by 2030, registering a CAGR of 13.6% during 2022-2030.

Key players operating in the Europe 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 September 2023, as part of its expansion plan in the United Kingdom, Saab has established a new radar production facility. This new radar operation in Fareham will provide 100-150 employees as it expands. This expands Saab's production capability for its Giraffe 1X Deployment Set, with the first units now in production at the Fareham facility.
  
  
• 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.
  
  
  

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