Synthetic Aperture Radar Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis
The Synthetic Aperture Radar Market was estimated at USD 2.77 billion in 2021 and is likely to grow at a CAGR of 10.96% during 2022-2028 to reach USD 5.77 billion in 2028.
Market Drivers:
The market is being hampered by the development cost of synthetic aperture radar. However, the ever-increasing deployment of space-based radars and many other factors are driving the market. Below given are a few growth factors –
Increasing demand for technologies providing environment awareness.
Growing demand for effective surveillance & communication network.
Increasing utilization of UAVs in surveillance and attack missions by defense agencies.