Christy Publications Synthetic Aperture Radar In Space Sector Market | Page 3

and icebergs, which in turn propels demand for technologies ensuring safety of the ships and
commodities necessitating the requirement of SARs.
Defense application accounted for largest share in global SAR in space sector market in 2016
Among application segment defense application is expected to witness a CAGR of 11.43% over
the forecast period. This growth is attributed to the growing requirement of the data generated
by SARs for various defense applications that include surveillance, reconnaissance, and
environmental monitoring in areas with bad weather conditions.
North America accounted for the largest market share in 2016
On the basis of geography, global SAR in space sector market is segmented into North America,
Europe, Asia Pacific, Middle East, and Africa. The market in North America accounted largest
share in global SAR market for space sector application. The North America SAR market in Space
Sector was valued at about US$ 246.3 million in 2016. The U.S. and Canada are the major
economies driving the market of SAR in space sector in North America region, prominently
owing to the growing number of SAR constellation deployments in space. Chief instances of
ongoing developments in this industry include the Capella (U.S.), OptiSAR (Canada), Radarsat
(Canada), and SMAP (U.S.) projects. Furthermore, requirement of SAR imagery in commercial
application for environmental monitoring specifically to monitor the ships and sea trade in
North Atlantic Ocean and parts of Arctic Ocean are expected to provide key growth
opportunities to the SAR in space sector market.
Key companies
Major players operating in the global synthetic aperture radar in space sector market include
Airbus SE, Lockheed Martin Corporation, Israel Aerospace Industries, Thales Group, Northrop
Grumman Corporation, MDA Information Systems, Raytheon Company, Harris Corporation, and
BAE Systems.
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