SAR Satellite Service Trends and Forecast
The future of the global SAR satellite service market looks promising with opportunities in the agriculture, oil & gas. and mining markets. The global SAR satellite service market is expected to grow with a CAGR of 8.3% from 2024 to 2030. The major drivers for this market are increasing demand for accurate & timely earth observation data, rising investments in defense & security surveillance systems, and growing application of this service in disaster management & emergency response.
• Lucintel forecasts that L-band is expected to witness the highest growth over the forecast period.
• Within this market, agriculture is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Capella Space announced the launch of new SAR satellites, aiming to expand their constellation for enhanced global coverage and higher resolution imaging.
Canada: MDA Ltd. received a government contract to develop next-generation SAR technology for environmental monitoring and national security applications, targeting completion by 2025.
United Kingdom: Surrey Satellite Technology Limited (SSTL) unveiled plans to collaborate with European partners on a new SAR satellite mission, focusing on climate change monitoring and disaster response.
India: The Indian Space Research Organisation (ISRO) announced an initiative to deploy advanced SAR satellites for improved agricultural monitoring and disaster management, with targets set for 2024.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
SAR Satellite Service by Segment
The study includes a forecast for the global SAR satellite service by type, application, and region.
SAR Satellite Service Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• L-band
• C-band
• X-band
SAR Satellite Service Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Agriculture
• Oil & Gas
• Mining
• Others
SAR Satellite Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of SAR Satellite Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies SAR satellite service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the SAR satellite service companies profiled in this report include-
• CONAE
• JAXA
• ESA
• CSA
• DLR
• ISRO
• SAOCOM
• ASI
• INTA
• KARI
Recent Development in the SAR Satellite Service Market
Capella Space: Announced the launch of new SAR satellites to expand their constellation, enhancing global coverage and providing higher resolution imaging. This initiative aims to meet the growing demand for real-time, high-quality Earth observation data across various sectors, including agriculture, defense, and disaster management.
MDA Ltd.: Secured a government contract to develop next-generation SAR technology focused on environmental monitoring and national security applications. The project, set for completion by 2025, aims to advance CanadaÄX%$%Xs capabilities in precise Earth observation and support critical decision-making processes in environmental and security domains.
Surrey Satellite Technology Limited (SSTL): Unveiled plans to collaborate with European partners on a new SAR satellite mission. This initiative aims to enhance climate change monitoring and disaster response capabilities, leveraging advanced SAR technology to provide timely and accurate data for global environmental challenges.
ICEYE: Expanded its SAR satellite constellation with additional launches, targeting improved flood monitoring and rapid response services. This development aims to provide near-real-time data for disaster management agencies and enhance global flood monitoring systems, mitigating the impact of natural disasters.
Indian Space Research Organisation (ISRO): Announced an initiative to deploy advanced SAR satellites by 2024, focusing on agricultural monitoring and disaster management. This effort aims to improve crop yield predictions and enhance the countryÄX%$%Xs ability to respond to natural disasters with more accurate and timely data.
Features of the Global SAR Satellite Service Market
Market Size Estimates: Sar satellite service market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Sar satellite service market size by type, application, and region in terms of value ($B).
Regional Analysis: Sar satellite service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the SAR satellite service market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the SAR satellite service market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for SAR satellite service market?
Answer: The global SAR satellite service market is expected to grow with a CAGR of 8.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the SAR satellite service market?
Answer: The major drivers for this market are increasing demand for accurate & timely earth observation data, rising investments in defense & security surveillance systems, and growing application of this service in disaster management & emergency response.
Q3. What are the major segments for SAR satellite service market?
Answer: The future of the SAR satellite service market looks promising with opportunities in the agriculture, oil & gas. and mining markets.
Q4. Who are the key SAR satellite service market companies?
Answer: Some of the key SAR satellite service companies are as follows:
• CONAE
• JAXA
• ESA
• CSA
• DLR
• ISRO
• SAOCOM
• ASI
• INTA
• KARI
Q5. Which SAR satellite service market segment will be the largest in future?
Answer: Lucintel forecasts that L-band is expected to witness the highest growth over the forecast period.
Q6. In SAR satellite service market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the SAR satellite service market by type (L-band, C-band, and X-band), application (agriculture, oil & gas, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to SAR Satellite Service Market, SAR Satellite Service Market Size, SAR Satellite Service Market Growth, SAR Satellite Service Market Analysis, SAR Satellite Service Market Report, SAR Satellite Service Market Share, SAR Satellite Service Market Trends, SAR Satellite Service Market Forecast, SAR Satellite Service Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.