Sellbyville, DE -- (SBWIRE) -- 02/11/2019 -- Synthetic Aperture Radar (SAR) In Space Sector Market will witness gains at 11.5% with USD 4 billion by 2024. Research & commercial applications are expected to witness inorganic growth over the forecast timeframe. Significant growth opportunity in the disaster management, weather updates, meteorology, navigation and natural resource exploration are among the dominant end use that will provide the strong growth prospects to the SAR in space sector market. For instance, multiple constellation projects in Canada are expected to largely focus on the maritime navigation and ocean surveillance for tracking the trade and transport in the North Atlantic Ocean.

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Having already secured a commendable proportion of authority, Europe currently stands as one of the most profitable avenues for SAR in space sector industry. As per a market assessment report, with Germany, Russia, UK, and Finland at the forefront, the regional market is slated to cross USD 2 billion by 2024. The widespread proliferation of SAR in space sector market across the European belt is rather validated from the increasing number of ongoing projects related to space sector and the technology interventions in this vertical. In fact, the European manufacturers are emphasizing more on developing multi-satellite constellations for global coverage and continuous updates, which would invariably widen the profitability scope of synthetic aperture radar in space sector industry.

Joint acquisition of DS-SAR by Singapore's DSTA and ST Electronics is an exemplar precedence depicting penetration of synthetic aperture radar in space sector market. Recently announced at this year's Global Space & Technology Convention, the initiative aptly underscores the agonizing attempts made by governmental as well as corporate organizations to unabashedly harness the power of synthetic aperture radar (SAR) in space sector industry.

Reportedly, this absolutely novel earth observation satellite, DS-SAR, would be incorporated with SAR payload that is capable of taking images even in extreme weather conditions. Through this venture, Singapore governmental agencies aim to exploit the potential of DS-SAR for its extensive advanced satellite imagery service requirements for military security and oil detection spills. On the other hand, the satellite would be deployed by ST Electronics for upgrading its commercial imagery services. The deal is touted as one of the major breakthroughs in SAR in space sector industry.

In principle, synthetic aperture radars transmit microwave pulses through an antenna, which are directed toward the earth's surface. When the microwave energy is scattered back to the device, it is measured accordingly, and two or three-dimensional images are formed by using the time delay of the received signals. As microwave consists of electromagnetic radiations that have high cloud penetration, SAR satellites can provide images which, unlike conventional satellites, are not hindered by climatic conditions and also allow night-time operations. These advantages over optical imaging systems will deliver enormous growth to the SAR in space sector industry.

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The SAR in space sector market is constituted of space agencies, IT companies and start-ups working together to produce multi-satellite constellations, which utilize several SAR satellites flying together in a pattern to gather and transmit data. Such endeavors are becoming possible with spacecrafts and programs made for launching multiple satellites at a time, the most notable instance being the 2017 launch of 104 satellites by ISRO in single mission. Recently, the dynamics of the SAR in space sector industry has been impacted by the necessity to reduce the overall size of satellites in conjunction with improving the image resolutions and accuracy.

Europe accounted for the largest share in 2017, is expected to cross USD 2 billion by 2024. This can be credited to the high number of projects in Russia, Germany, the UK, and Finland. Moreover, high emphasis of European Space Agency (ESA) on navigation, earth observation, scientific program, technology support, and situational awareness has significantly contributed to the industry growth. According to the ESA budget for 2018, over 52% of the assigned budget capital was dedicated towards these activities, driving the SAR in space sector market growth.

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Global SAR in space sector market share is highly consolidated owing to the requirement of high initial cost, exceptionally skilled workforce, and multiple regulatory compliances. Major industry participants include Airbus SE, BAE Systems, Capella, Harris Corporation, Iceye, Israel Aerospace Industries, Lockheed Martin Corporation, MDA Information Systems, Northrop Grumman Corporation, Raytheon Company, Thales Group, and Uthercast.

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