Christy Publications Synthetic Aperture Radar In Space Sector Market
Synthetic Aperture Radar In Space Sector Market Reveals
Demand, Industry Dynamics and Forecast to 2026
Synthetic Aperture Radar In Space Sector Market study provides key
insights about market drivers, restraints, opportunities, new product
launches or approval, regional outlook, and competitive strategies
adopted by the leading players.
The global synthetic aperture radar in space sector market was valued at US$ 600.6 Mn in 2016
and is expected to be pegged at US$ 1,714.0 Mn by 2025, registering a CAGR of 12.50% over the
forecast period. Increasing requirement of environment monitoring, public safety, and natural
resource exploration is major factor fueling growth of the industry.
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Increasing Demand for Technology in enhancing Situational Awareness is key factor driving
growth of the market
Adoption for advanced technologies in space sector is fueling situational awareness, owing to
factors such as government initiatives toward disaster management, increasing need for cyber
security, public safety, and smart infrastructure management. For instance, in December 2005,
Indian government took initiative towards disaster management by enacting the Disaster
Management Act, 2005, which envisioned the creation of the National Disaster Management
Authority (NDMA). The objective of this act is to build a safe and disaster resilient country by