At 8.1% CAGR, South & Central America Synthetic Aperture Radar Market is Projected to be Worth US$ 443.81 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America synthetic aperture radar market was valued at US$ 237.95 million in 2022 and is anticipated to reach US$ 443.81 million by 2030, recording a CAGR of 8.1% 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 South & Central 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 South & Central America synthetic aperture radar market. 

Based on component, the South & Central America synthetic aperture radar market is categorized into receiver, transmitter, and antenna. The antenna segment held 68.3% market share in 2022, amassing US$ 162.52 million. It is projected to garner US$ 308.39 million by 2030 to register 8.3% CAGR during 2022-2030.

In terms of frequency band, the South & Central America synthetic aperture radar market is segmented into x band, l band, c band, s band, and others. The x band segment held 48.8% share of South & Central America synthetic aperture radar market in 2022, amassing US$ 116.18 million. It is anticipated to garner US$ 219.30 million by 2030 to expand at 8.3% CAGR during 2022-2030.

By application, the South & Central America synthetic aperture radar market is divided into commercial and defense. The defense segment held 63.3% share of South & Central America synthetic aperture radar market in 2022, amassing US$ 150.65 million. It is projected to garner US$ 274.95 million by 2030 to expand at 7.8% CAGR from 2022 to 2030.

Based on platform, the South & Central America synthetic aperture radar market is bifurcated into ground and airborne. The airborne segment held 89.7% share of South & Central America synthetic aperture radar market in 2022, amassing US$ 213.50 million. It is predicted to garner US$ 403.92 million by 2030 to expand at 8.3% CAGR between 2022 and 2030.

In terms of mode type, the South & Central America synthetic aperture radar market is bifurcated into single and multi. The multi segment held 84.0% share of South & Central America synthetic aperture radar market in 2022, amassing US$ 199.92 million. It is estimated to garner US$ 376.53 million by 2030 to expand at 8.2% CAGR during 2022-2030.

By country, the South & Central America synthetic aperture radar market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 79.0% share of South & Central America synthetic aperture radar market in 2022. It was assessed at US$ 187.93 million in 2022 and is likely to hit US$ 355.49 million by 2030, registering a CAGR of 8.3% during 2022-2030.

Key players operating in the South & Central America synthetic aperture radar market are BAE Systems Plc, 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.
  
  
• In September 2022, BAE Systems is preparing for the launch of its inaugural cluster of multi-sensor satellites into low Earth orbit in 2024. This initiative, named Azalea, aims to provide military customers with real-time access to high-quality information and intelligence derived from space. The satellite cluster will leverage a diverse array of sensors to gather visual, radar, and radio frequency (R.F.) data. These data sets will then be processed and analyzed by onboard machine learning systems using edge processors. The resulting intelligence will be securely delivered from orbit, enabling global accessibility. This strategic move by BAE Systems underscores its commitment to delivering cutting-edge solutions that enhance military capabilities and expand its presence in the space-based intelligence market.
  
  
  

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