At 10.9% CAGR, North America Synthetic Aperture Radar Market is Projected to be Worth US$ 4,709.34 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America synthetic aperture radar market was valued at US$ 2,064.03 million in 2022 and is anticipated to reach US$ 4,709.34 million by 2030, recording a CAGR of 10.9% from 2022 to 2030. Integration with deep learning (DL) and rising development of dual-band SAR are among the critical factors attributed to drive the North America synthetic aperture radar market growth.

In recent years, deep learning, especially convolutional neural networks (CNNs), has revolutionized computer vision applications such as face recognition, driverless technology, and the Internet of Things (IoT). Deep learning techniques allow computational models to learn complex data representations, leading to significant improvements in performance across various applications. This advancement has also caught the attention of researchers in the field of remote sensing. Researchers have started exploring the potential of deep learning in remote sensing, realizing its value in enhancing remote sensing applications. Deep learning techniques have been successfully applied in various remote sensing applications, including target and oil spill detection, traffic surveillance, topographic mapping, AI-based synthetic aperture radar (SAR) imaging algorithm updates, coastline surveillance, and marine fisheries management.

The integration of deep learning algorithms with remote sensing technologies has yielded promising results. For instance, deep learning-based target detection algorithms have shown improved accuracy and efficiency in identifying specific objects or anomalies in remote sensing imagery. Similarly, deep learning techniques have been applied to SAR imaging algorithms, enabling better image reconstruction and analysis. The adoption of deep learning in remote sensing applications offers significant benefits for businesses operating in this domain. It allows for more accurate and efficient detection and monitoring of targets, such as oil spills or anomalies, enhancing environmental protection efforts. Deep learning-based traffic surveillance systems can improve transportation planning and management, leading to optimized logistics and reduced congestion. Moreover, the use of deep learning in topographic mapping and coastline surveillance can facilitate better land management decisions and coastal protection strategies.

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

Based on component, the North America synthetic aperture radar market is categorized into receiver, transmitter, and antenna. The antenna segment held 54.7% market share in 2022, amassing US$ 1,128.97 million. It is projected to garner US$ 2,691.02 million by 2030 to register 11.5% CAGR during 2022-2030.

In terms of frequency band, the North America synthetic aperture radar market is segmented into x band, l band, c band, s band, and others. The x band segment held 45.9% share of North America synthetic aperture radar market in 2022, amassing US$ 947.47 million. It is anticipated to garner US$ 2,228.28 million by 2030 to expand at 11.3% CAGR during 2022-2030.

By application, the North America synthetic aperture radar market is divided into commercial and defense. The defense segment held 51.4% share of North America synthetic aperture radar market in 2022, amassing US$ 1,061.85 million. It is projected to garner US$ 2,364.99 million by 2030 to expand at 10.5% CAGR from 2022 to 2030.

Based on platform, the North America synthetic aperture radar market is bifurcated into ground and airborne. The airborne segment held 81.6% share of North America synthetic aperture radar market in 2022, amassing US$ 1,683.97 million. It is predicted to garner US$ 3,895.96 million by 2030 to expand at 11.1% CAGR between 2022 and 2030.

In terms of mode type, the North America synthetic aperture radar market is bifurcated into single and multi. The multi segment held 71.0% share of North America synthetic aperture radar market in 2022, amassing US$ 1,465.89 million. It is estimated to garner US$ 3,410.34 million by 2030 to expand at 11.1% CAGR during 2022-2030.

By country, the North America synthetic aperture radar market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 88.3% share of North America synthetic aperture radar market in 2022. It was assessed at US$ 1,821.51 million in 2022 and is likely to hit US$ 4,227.57 million by 2030, registering a CAGR of 11.1% during 2022-2030.

Key players operating in the North America synthetic aperture radar market are Northrop Grumman Corp, BAE Systems Plc, Leonardo SpA, Lockheed Martin Corp, Raytheon Technologies Corp, Thales SA, General Atomics Aeronautical Systems Inc, and Saab AB, among others.

• In June 2022, Northrop Grumman Corporation completed the installation of its AN/APG-83 Scalable Agile Beam Radar (SABR) on Air National Guard F-16s to meet the U.S. Northern Command Joint Emergent Operational Need (JEON) for homeland defense. This upgrade enhances the radar capabilities of the F-16s, providing them with advanced fifth-generation fighter radar capabilities. The AN/APG-83 SABR radar is an active electronically scanned array (AESA) radar that offers improved bandwidth, speed, and agility, enabling the detection, tracking, and identification of multiple targets quickly and at long ranges.
  
  
• In October 2022, Lockheed Martin Corp made a significant investment of $100 million in Terran Orbital, a small satellite maker. This investment is part of a long-term agreement that extends until 2035. Under this agreement, Terran Orbital, based in Florida, will be responsible for constructing synthetic aperture radar (SAR) satellites and other advanced payloads, as well as satellite sub-assemblies, for Lockheed Martin. The advanced payloads include electro-optical, hyperspectral, infrared, and secure communication payloads, as well as components like star trackers and flight computers.
  
  

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