South & Central America Synthetic Aperture Radar Market Forecast to 2030 - Regional Analysis by Component, Frequency Band, Application, Platform, and Mode

The South & Central America synthetic aperture radar market was valued at US$ 237.95 million in 2022 and is expected to reach US$ 443.81 million by 2030; it is estimated to register a CAGR of 8.1% from 2022 to 2030.

Rising Development of Dual-Band SAR Fuels South & Central America Synthetic Aperture Radar Market

Dual-band synthetic aperture radar (SAR) technology operates in two frequency bands simultaneously, allowing for enhanced imaging capabilities and improved image quality compared to single-band SAR systems. The use of dual-band SAR offers several advantages. Firstly, it enables better target discrimination and identification, as the combination of two different frequency bands provides more detailed and accurate imaging. This is particularly valuable in applications such as military surveillance, border control, and maritime monitoring, where the ability to distinguish between objects and detect subtle changes is crucial.

Secondly, dual-band SAR technology enhances the system's ability to penetrate and detect objects under challenging environmental conditions. Utilizing two different frequency bands, SAR systems can overcome limitations posed by factors such as vegetation cover, weather conditions, and surface roughness. This increased robustness allows for reliable imaging even in adverse conditions, expanding the range of applications for SAR technology. Moreover, the improved image quality offered by dual-band SAR systems facilitates better interpretation and analysis of the acquired data.

This is particularly beneficial in applications such as disaster management, environmental monitoring, and infrastructure planning, where accurate and detailed information is vital for decision-making. Thus, dual-band synthetic aperture radar (SAR) technology has emerged as a significant advancement in the synthetic aperture radar market, presenting new opportunities for market growth and expansion.

South & Central America Synthetic Aperture Radar Market Overview

The SAM synthetic aperture radar market is segmented into Brazil, Argentina, and the Rest of SAM. The Caatinga biome is an important environment in Brazil's semi-arid regions. It has substantially degraded as a result of human activity and is now a decertifying region. Thus, monitoring the change in the Caatinga biome has become crucial for its sustainable development. The estimation of aboveground biomass (AGB) using conventional methods is laborious and damaging. Optical and radar remote sensing techniques are capable of estimating and correlating vegetation.

The government of Argentina focuses on the development of SAR to generate important information in several fields, including infrastructure, natural disaster monitoring, and agriculture. For example, in July 2023, Minister of Science, Technology, and Innovation Daniel Filmus signed an agreement on behalf of the Argentine company VENG with Indian company Suhora to commercialize SAOCOM scenes in new markets.

From this agreement, SAOCOM technology reach will expand. Exporting the radar technology of Argentina's satellites will most likely lead to more foreign currency and more work for Argentina. The SAOCOM satellites have a synthetic aperture radar antenna that receives information in Band L. Thus, the rising application of synthetic aperture radar drives the synthetic aperture radar market in SAM.

South & Central America Synthetic Aperture Radar Market Segmentation

• The South & Central America synthetic aperture radar market is categorized into component, frequency band, application, platform, mode, and country.
• Based on component, the South & Central America synthetic aperture radar market is categorized into receiver, transmitter, and antenna. The antenna segment held the largest market share in 2022.
• In terms of frequency band, the South & Central America synthetic aperture radar market is categorized into x band, l band, c band, s band, and others. The x band segment held the largest market share in 2022.
• By application, the South & Central America synthetic aperture radar market is segmented into commercial and defense. The defense segment held a larger market share in 2022.
• Based on platform, the South & Central America synthetic aperture radar market is bifurcated into ground and airborne. The airborne segment held a larger market share in 2022.
• In terms of mode, the South & Central America synthetic aperture radar market is bifurcated into single and multi. The multi segment held a larger market share in 2022.
• By country, the South & Central America synthetic aperture radar market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America synthetic aperture radar market share in 2022.
• BAE Systems Plc, Leonardo SpA, Lockheed Martin Corp, Raytheon Technologies Corp, Thales SA, and Saab AB are some of the leading companies operating in the South & Central America synthetic aperture radar market.

Market Highlights

• Based on component, the South & Central America synthetic aperture radar market is categorized into receiver, transmitter, and antenna. The antenna segment held 68.3% market share in 2022, amassing US$ 162.52 million. It is projected to garner US$ 308.39 million by 2030 to register 8.3% CAGR during 2022-2030.
• In terms of frequency band, the South & Central America synthetic aperture radar market is segmented into x band, l band, c band, s band, and others. The x band segment held 48.8% share of South & Central America synthetic aperture radar market in 2022, amassing US$ 116.18 million. It is anticipated to garner US$ 219.30 million by 2030 to expand at 8.3% CAGR during 2022-2030.
• The defense segment held 63.3% share of South & Central America synthetic aperture radar market in 2022, amassing US$ 150.65 million. It is projected to garner US$ 274.95 million by 2030 to expand at 7.8% CAGR from 2022 to 2030.
• The airborne segment held 89.7% share of South & Central America synthetic aperture radar market in 2022, amassing US$ 213.50 million. It is predicted to garner US$ 403.92 million by 2030 to expand at 8.3% CAGR between 2022 and 2030.
• In terms of mode type, the South & Central America synthetic aperture radar market is bifurcated into single and multi. The multi segment held 84.0% share of South & Central America synthetic aperture radar market in 2022, amassing US$ 199.92 million. It is estimated to garner US$ 376.53 million by 2030 to expand at 8.2% CAGR during 2022-2030.
• This analysis states that Brazil captured 79.0% share of South & Central America synthetic aperture radar market in 2022. It was assessed at US$ 187.93 million in 2022 and is likely to hit US$ 355.49 million by 2030, registering a CAGR of 8.3% during 2022-2030.
• In December 2021, Leonardo conducted the inaugural flight trials of its Osprey 50 Active Electronically Scanned Array (AESA) radar, which is an enhanced version of the successful Osprey surveillance radar. These flight trials were carried out in support of production for a Strategic Intelligence, Surveillance, and Reconnaissance (ISR) platform, as well as Collins Aerospace's Tactical Synthetic Aperture Radar (TacSAR) reconnaissance system.
• In September 2022, BAE Systems is preparing for the launch of its inaugural cluster of multi-sensor satellites into low Earth orbit in 2024. This initiative, named Azalea, aims to provide military customers with real-time access to high-quality information and intelligence derived from space. The satellite cluster will leverage a diverse array of sensors to gather visual, radar, and radio frequency (R.F.) data. These data sets will then be processed and analyzed by onboard machine learning systems using edge processors. The resulting intelligence will be securely delivered from orbit, enabling global accessibility. This strategic move by BAE Systems underscores its commitment to delivering cutting-edge solutions that enhance military capabilities and expand its presence in the space-based intelligence market.

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