Global Synthetic Aperture Radar Market

Radar refers to a system that emits radio waves and processes their reflections for display. Radar devices are synchronized with radio transmitters and receivers, mainly used for detecting and locating objects. It has an electromagnetic sensor that detects, finds, tracks, and recognizes objects in the atmosphere, such as aircraft, spacecraft, ships, insects, and birds. The main types of radars are detection and search, targeting radars, weather sensing radars, navigational radars, and mapping radars. The radar that searches for targets within a specific volume of a solid angle and within a given slant range in a predetermined amount of time is referred to as a detection and search radar. The detection and search radars are used in aircraft and surveillance applications to search for targets using wide beam antenna patterns. The antenna, transmitter, and receiver are the components of radar. Radar has a long, medium, and short range. Military, aviation, weather forecasting, and ground traffic control are the end uses of the radar. The radar market research report is one of a series of new reports from The Business Research Company that provides radar market statistics, including radar industry global market size, regional shares, competitors with a radar market share, detailed radar market segments, market trends and opportunities, and any further data you may need to thrive in the radar industry. This radar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global radar market size is expected to grow from $32.93 billion in 2022 to $35.41 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The radar market size is expected to grow to $45.55 billion in 2027 at a compound annual growth rate (CAGR) of 6.5%. An increase in seaborne trade globally propels the growth of the radar market. The seaborne business continues to grow, benefiting consumers and companies worldwide through lower freight costs. Through seaborne trade, goods are shipped in containers and tankers via a sea route that enables the shipping of a large volume of goods at a low cost. Due to these dynamic and cheaper transport services, there is an increase in the use of the sea for the trading of goods and services, resulting in the increasing demand for radar which helps in navigating, identifying landmasses, detecting boats, birds, and weather systems. For instance, according to the United Nations Conference on Trade and Development (UNCTD) report published in June 2021, developing economies continued to account for the largest share of global seaborne trade in 2020, both in terms of exports and imports, with goods discharged in 2020 increasing to 69.5% from 65.8% and goods loaded in 2020 rising to 59.5% from 59.3%. Therefore, the increase in seaborne trade will drive the radar market. Technological innovation is a key trend gaining popularity in the radar market. Radars are used today to detect and track aircraft, spacecraft, ships at sea, and insects and birds in the air. The market is witnessing the demand for active electronically scanned array (AESA) radar systems because of their superior target power, spatial resolution, and robustness compared to conventional radars. AESA is a fully active radar array that consists of multiple antennas, each with its phase and gains control. Major companies engaged in the radar market are focused on technological innovation to sustain their marketplace. For instance, in September 2021, Raytheon Intelligence & Space, a US-based aerospace and defense company, launched a new lightweight AESA radar for any platform. It combines the power of a heavyweight AESA fire control radar with a minor possible form factor. This radar combines the power of Gallium Nitride technology with an intelligent packaging of its digital receiver/exciter and processor with a unique air-cooled design to deliver Gen 4-plus performance. In November 2021, Ambarella, a US-based semiconductor company, acquired Oculii for $307.5 million. This acquisition aims to strengthen Ambarella’s radar perception market by adding radar perception to its current edge AI CV perception SoCs for automotive and IoT endpoint applications, such as mobile robotics and security. Oculii is a US-based company engaged in developing and manufacturing AI radar solutions. Major players in the radar market are Lockheed Martin Corporation, BAE Systems, Saab Group, L-3 Communications Holdings, Northrop Grumman Corporation, Dassault Aviation, Thales Group, Harris Corporation, Honeywell International Inc., Raytheon Company, Rockwell Collins Inc., Leonardo SpA, SRC Inc., Infineon Technologies AG, Reutech Radar Systems, Hensoldt and Collins Aerospace. North America was the largest region in the radar market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the radar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The radar market consists of sales of airborne, ground-based, naval and space-based radars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global radar market is segmented - 1) By Type: Detection And Search, Targeting Radars, Weather Sensing Radars, Navigational Radars, Mapping Radars, Other Types 2) By Component: Antenna, Transmitter, Receiver, Other Components 3) By Range: Long, Medium, Short 4) By End Use: Military, Aviation, Weather Forecast, Ground Traffic Control, Others End Uses

The radar system uses electromagnetic signals to detect and locate objects like ships, vehicles, aircraft, and others. Radar systems operate by emitting electromagnetic energy into space and by analyzing an echo that results from the radiated energy getting reflected by an object. The main components of radar system are transmitter, receiver, antenna, other components. Transmitter refers to an electronic device used in telecommunications. The different technologies include continuous wave (CW) radar, pulsed radar with frequency bands such as X-band, S-band, C-band, and other frequencies that are applicable in air traffic control, remote sensing, ground traffic control, space navigation and control, other applications. The different end users include aviation, maritime applications, automotive, and military and defense. The radar system market research report is one of a series of new reports from The Business Research Company that provides radar system market statistics, including radar system industry global market size, regional shares, competitors with a radar system market share, detailed radar system market segments, market trends and opportunities, and any further data you may need to thrive in the radar system industry. This radar system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global radar system market size grew from $29.07 billion in 2022 to $32.25 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The radar system market size is expected to grow to $46.62 billion in 2027 at a CAGR of 9.7%. The rise in the utilization of radar systems for weather monitoring is expected to propel the growth of the radar system market. The radar systems use electromagnetic signals to detect and locate objects. They can be utilized in weather monitoring to provide data to understand weather systems, improved forecasts (especially critical weather), flood warnings, hydrological applications, and climate research. For instance, in January 2022, India Meteorological Department (IMD) launched operations of four new Doppler weather radars that use drone-based observation technology to improve the weather forecast system. These radars will provide improved rainfall monitoring and hydrometeor classification using dual-polarization technology to distinguish between snow, rain, and hail. Therefore, the rise in the utilization of radar systems for weather monitoring drives the growth of the radar system market. 4D electronically scanned array radars is shaping the radar systems market. Many companies operating in radar systems are developing innovative 4D electronically scanned array radars to meet customer demands. For instance, in October 2021, Echodyne, a US-based provider of radar solutions, announced the launch of EchoShield, the newest radar in its market-leading portfolio. EchoShield is a sophisticated software-defined multi-mission radar for a wide range of commercial, defense, and government use cases. It was built from the ground up to redefine the price-performance standard for mid-range radars. EchoShield is a pulse-Doppler cognitive 4D radar that combines real-time dynamic waveform synthesis with ESA beamforming to achieve sub-degree tracking accuracy on hundreds of objects throughout a large 3D field of view. In December 2021, Joby Aviation, a US-based aerospace company acquired Inras GmbH for an undisclosed amount. This acquisition aimed to help Joby to expand its advanced in-house RandD capability supporting the development of radar systems for onboard sensing and navigation. Inras GmbH is an Austria-based company that operates in radar system design. Major players in the radar system market are BAE Systems Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies, Saab AB, Thales Group, Honeywell International Inc., General Dynamics Corporation, Israel Aerospace Industries, Reutech Radar Systems, L3harris Technologies Inc., NXP Semiconductors N.V., Infineon Technologies AG, Reutech Radar Systems, and Elcome integrated. North America was the largest region in the radar systems market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in radar system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the radar system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The radar system market consists of sales of technology such as continuous wave radar and pulsed radar. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global radar system market is segmented - 1) By Component: Transmitter, Receiver, Antenna, Other Components 2) By Technologies: Continuous Wave (CW) Radar, Pulsed Radar 3) By Frequency Band: X-Band, S-Band, C-Band, Other Frequencies 4) By Application: Air Traffic Control, Remote Sensing, Ground Traffic Control, Space Navigation And Control, Other Applications 5) By End-user: Aviation, Maritime Applications, Automotive, Military And Defense

A commercial radar is a detection system used to detect the presence, direction, distance, and speed of an aircraft. The commercial radar includes components such as an array antenna front end, T/R modules, an array antenna backplane, a radar back end, a radar processor and display, and a radar scheduler. The main types of commercial radars are commercial aircraft radars, commercial helicopter radars, business jet radars, and UAV radars. The various technologies deployed include quantum radar, conventional radar, and software-defined radar (SDR), and the different dimension types are 2D, 3D, and 4D. Quantum radar is a high-tech remote sensing technology based on quantum-mechanical effects such as the uncertainty principle and quantum entanglement. The applications include surveillance radars, surface movement radars, precision approach radars, weather radars, and others. The commercial radars market research report is one of a series of new reports from The Business Research Company that provides commercial radars market statistics, including commercial radars industry global market size, regional shares, competitors with a commercial radars market share, detailed commercial radars market segments, market trends and opportunities, and any further data you may need to thrive in the commercial radars industry. This commercial radar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global commercial radars market size will grow from $5.62 billion in 2022 to $5.98 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global commercial radars market size is expected to grow to $7.54 billion in 2027 at a CAGR of 6.0%. Increasing demand for drone detection systems (DDS) at airports is expected to drive the growth of the commercial radar market. Drones are dangerous for aircraft as they pose hazardous risks such as physical collision and radio frequency interference, which could lead to losing control over the plane, resulting in a crash. The cancellations, diversions, and delays of flights due to drones near airports pose a huge financial impact. In June 2022, Air Services Australia, an Australia-based government-owned organization, selected Thales as its primary system integrator for an Integrated Drone Surveillance System (IDSS) trial at Sydney Kingsford Smith Airport. In 2020, Heathrow International Airport in the UK installed the AARTOS DDS, which uses Aaronia’s latest 3D model for the complete airport area (including buildings, bridges, towers, etc.). ASEAN international airports are also utilising drone detection systems. Thus, the ever-increasing risks posed by drones to the aviation industry are increasing the demand for drone detection systems, which is expected to boost market growth. Runway incursions pose a major challenge to the safety of aircraft and humans, which is expected to hinder the market growth of commercial radars during the forecast period. Runway incursions include the incorrect placement of aircraft, vehicles, humans, and any other objects near the area of landing or taking off the aircraft. To increase safety and reduce the damage caused by runway incursions, aviation authorities across the globe are focused on restricting runway incursions through infrastructure improvements such as lighting, signage, marking, and configuration changes. In 2022, according to a report published by the Federal Aviation Administration (FAA), a US-based government transportation agency, there were 1,469 runway incursions at US airports in 2021. Only 14% of the incursions took place at the 28 busiest airports in the US, with 86% taking place at smaller airports. The FAA classified 15 of the incursions in 2021 as high risk, 12 of which occurred at airports outside the 28 busiest airports in the USA. The majority of the incursions were minor. Two-thirds of the incursions were caused by pilot errors, and general aviation (GA) aircraft were used in 81% of the incursions. Thus, the decreased safety and increased damage caused by the runway incursions are expected to hinder the market's growth during the forecast period. Technological advancements and innovations in surface movement and air surveillance radars are major opportunities for the commercial radar market in the aerospace sector. Improved safety is provided by surface movement radars as they monitor the movement of aircraft and vehicles and provide advice and assistance for the safe and efficient movement of aircraft and vehicles in the manoeuvring area. In November 2021, Thales, a France-based developer, manufacturer, and distributor of electronic equipment and systems, launched the long-range 3D surveillance radar Ground Master 400 Alpha. The three-dimensional (3D) long-range air surveillance radar has a range extension of up to 515 km and advanced artificial intelligence (AI) capabilities. It also has five times more processing power. Built on the field expertise of the GM400, GaN technology, and other surveillance capabilities, the new GM400 Alpha radars enable operators to identify all short-range and long-range threats at all times. Thus, technological advancements and innovations in surface movement and air surveillance radars that keep track of vehicular traffic and human movement are major opportunities for the commercial radar market. In 2020, Raytheon Technologies Corporation, a US-based aerospace and defense company that provides advanced systems and services for commercial, military, and government customers worldwide, merged with United Technologies for an undisclosed amount. The merger is expected to introduce breakthrough technologies at an accelerated pace across areas such as hypersonics, directed energy, avionics, and cybersecurity. This would also create a giant, one-stop shop with products that range from Tomahawk missiles and radar systems to jet engines and passenger planes. United Technologies was a US-based multinational conglomerate. Major players in the commercial radars market are TERMA, Hensoldt Inc., Detect Inc., Raytheon Technologies Corporation, NEC Corporation, Thales Group, Indra Sistemas SA, Easat Radar Systems Limited, Leonardo SpA, Honeywell International Inc., GEM Electronica, Blighter Surveillance Systems Ltd., and FLIR Systems. Asia-Pacific was the largest region in the commercial radar market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global commercial radars market during the forecast period. The regions covered in the global commercial radars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the commercial radar market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The commercial radar market consists of sales of commercial radars of various types, such as monostatic, bistatic, and multistatic, for detection applications in aircraft.  The market includes maintenance services provided by aerospace support and auxiliary equipment manufacturers during the equipment’s warranty period. Values in this market are "factory gate values" that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global commercial radar market is segmented -  1) By Type: Commercial Aircraft Radars, Commercial Helicopters Radars, Business Jets Radars, UAV Radars 2) By Technology: Quantum Radar, Conventional Radar, Software Defined Radar (SDR) 3) By Dimension: 2D, 3D, 4D 4) By Application: Surveillance Radars, Surface Movement Radars, Precision Approach Radars, Weather Radars, Others

Military radar is a detection system used in the military to detect the presence, direction, distance, and speed of air, ground, and sea targets. The military radar includes components such as a transmitter, antenna, receiver, and indicator. The main types of military radars are land radars, naval radars, airborne radars, and space-based radars. Naval radars are X-band or S-band radars installed on ships that detect other ships and land obstacles, providing bearing and distance for collision avoidance and navigation at sea. The various functionality of military radar includes surveillance and airborne early warning radar, tracking, and fire control radar, multi-function radar, synthetic aperture and moving target indicator radar, a ground-penetrating radar that is used for weapon guidance, air and missile defense, navigation, airborne mapping, ground force protection and counter-battery, mine-detection, and underground mapping. The military radars market research report is one of a series of new reports from The Business Research Company that provides military radars market statistics, including global market size, regional shares, competitors with a military radars market share, detailed military radars market segments, market trends and opportunities, and any further data you may need to thrive in the military radars industry. This military radar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global military radars market size will grow from $57.91 billion in 2022 to $62.66 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military radars market size is expected to grow to $79.37 billion in 2027 at a CAGR of 6.1%. The military radar market covered in the military radar market report is segmented by type into land radar, naval radar, airborne radar, and space-based radar, by functionality into surveillance and airborne early warning radar, tracking and fire control radar, multi-function radar, synthetic aperture, and moving target indicator radar, and ground-penetrating radar; by application into weapon guidance, airspace monitoring, and traffic management; ground surveillance and intruder detection, air and missile defense, navigation, airborne mapping, ground force protection; counter-battery, mine detection, and underground mapping. Growth in defense spending by emerging economies has contributed to the growth of the military radar market. Military spending includes operation, maintenance, procurement of weapons and armoured vehicles, and military research and development. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers, and non-proliferation, in 2021, total global military spending was expected to increase by 0.7% in real terms to $2113 billion. This was the seventh straight year that spending increased. Military R&D funding in the United States increased by 24% between 2012 and 2021, while China, the world's second-largest spender, allocated an estimated $293 billion to its military in 2021, a 4.7% increase over 2020. China's military spending has increased for the past 27 years. The growth in defense spending by emerging economies drove the military radar market.  The high cost of radar is expected to restrict the growth of the market for military radar in the forecast period. Fire control systems, command and control systems, missiles, and anti-aircraft systems are some of the systems that are to be integrated with military radars, and maintenance of these systems is also expensive. These high costs are due to the involvement of significant research and development, and modifications to the radar systems. For instance, in January 2021, according to an article published by the Congressional Budget Office, a US-based government agency, according to the 2020 budget request, the cost of the DoD's (Department of Defense) missile defense plans over a ten-year period will be approximately $176 billion (in current dollars) from 2020 to 2029. High maintenance and modification costs are thus limiting the growth of military radar systems.  The MIMO (multiple inputs, multiple outputs) system is increasingly being used in the military radar market. A MIMO radar system is used for simultaneous transmission and reception by multiple antennas or channels. They are also used to gain a low probability of intercepting radar signals. For instance, in November 2020, Advanced Protection Systems Inc., a US-based security system supplier, introduced an advanced FIELDctrl 3D MIMO radar for military, security, and critical infrastructure applications. The advanced radar is large, featuring MIMO, MHT, and micro-doppler capabilities. The advanced radar addresses requirements such as precision of detection and classification, quality of clutter removal, accuracy of tracking, and a super-high refresh rate in military applications.  For an undisclosed amount, SRC, a New York-based defense research and development company, acquired SAZE, a US-based company that works on research and development of radar. The acquisition is expected to bring new capabilities to the SRC’s extensive radar knowledge base. The SRC will focus on leveraging SAZE’s technology to develop life-saving systems for the armed forces. SAZE was established in 2012 and is involved in the research and development of radars. Major players in the military radar market are Lockheed Martin, Raytheon Technologies, Thales Group, BAE Systems, Israel Aerospace Industries, Leonardo, SAAB, ASELSAN, Hensoldt, Airbus, General Dynamics, Northrop Grumman, Finmeccanica, Honeywell International, Harris Corporation, L3 Harris Technologies, and TERMA. North America was the largest region in the military radar market in 2022. North America is expected to be the fastest-growing region in the global military radars market during the forecast period. The regions covered in the global military radars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the military radars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The military radar market consists of sales of military radars such as simple pulse radar, moving-target indication (MTI) radar, high-range resolution radar, and imaging radars. Values in this market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organisations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global military radars market is segmented - 1) By Type: Land Radar, Naval Radar, Airborne Radar, Space-Based Radar  2) By Functionality:  Surveillance and Airborne Early Warning Radar, Tracking and Fire Control Radar, Multi-Function Radar, Synthetic Aperture and Moving Target Indicator Radar, Ground Penetrating Radar  3) By Application: Weapon Guidance, Airspace Monitoring and Traffic Managent, Ground Surveillance and Intruder Detection, Air and Missile Defense, Navigation, Airborne Mapping, Ground Force Protection and Counter-Battery, Mine-Detection and Underground Mapping

Automotive radar refers to several sensor systems that contain a transmitter and a receiver, which help to transfer data to camera-sensing systems. These radars operate on frequency-modulated continuous-wave (FMCW) radar technology. The automotive radar can detect the speed and range of objects in the vicinity of the car. The main types of vehicles in automotive radar are passenger cars and commercial vehicles. The passenger car market involves the use of automotive radar added into passenger car cabins to track passengers and objects inside the car. Automotive radars are used in passenger cars to enable essential safety and comfort features. The various ranges include long-range radar (LRR) and short and medium-range radar (S&MRR), which are available in several frequencies such as 24 GHz, 77 GHz, and 79 GHz. The various applications are adaptive cruise control (ACC), autonomous emergency braking (AEB), blind-spot detection (BSD), forward-collision warning system, intelligent park assist, and others. The automotive radar market research report is one of a series of new reports from The Business Research Company that provides automotive radar market statistics, including automotive radar industry global market size, regional shares, competitors with an automotive radar market share, detailed automotive radar market segments, market trends and opportunities, and any further data you may need to thrive in the automotive radar industry. This automotive radar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global automotive radar market size grew from $5.05 billion in 2022 to $6.05 billion in 2023 at a compound annual growth rate (CAGR) of 19.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive radar market size is expected to grow to $11.94 billion in 2027 at a CAGR of 18.5%. The rising number of road accidents is expected to propel the growth of the automotive radar market going forward. Accidents caused due to traffic collisions, negligence, or other reasons leading to injury or death of persons involved are referred to as road accidents. Automotive radar is one of the several sensor systems for collision avoidance, and pedestrian and cyclist detection, and it complements vision-based cameras, which help to detect vehicles and help to reduce accidents. For instance, according to data by the National Crime Records Bureau (NCRB), an India-based government agency, India recorded 3,54,796 cases of road accidents in 2020, of which 1,33,201 people died and another 3,35,201 were injured. Also, according to a report by the World Health Organization, a Switzerland-based agency of the United Nations responsible for international public health, in the year 2021, approximately 1.3 million people died as a result of road accidents. Therefore, the rising number of road accidents is driving the growth of the automotive radar market in the upcoming years. Technological innovations are the key trend gaining popularity in the automotive radar market. Major companies operating in the market are introducing new technologies to increase their market share. For instance, in March 2022, Under, a US-based manufacturer of digital automotive radar-on-chip for automated systems, launched the industry's first 4G digital imaging radar-on-chip that helps to provide digital radar solutions and deliver better accuracy and enhanced sense for standing or moving objects for both short and long distances. The advanced driver assistance systems help to provide accuracy irrespective of the weather and lighting conditions, whilst also mitigating interference with other readers. In September 2021, Analog Devices, a US-based semiconductor company, acquired Maxim Integrated for a deal amount of $20.8 billion. Through this acquisition, Analog Devices expands the company's analog and mixed-signal portfolio and would reach newer markets. Maxim Integrated is a US-based company that develops analog and mixed-signal semiconductor products including automotive radars. Major players in the automotive radar market are Analog Devices Inc., Autoliv Inc., Continental AG, DENSO Corporation, NXP Semiconductors, BorgWarner Inc., Robert Bosch GmbH, Texas Instruments, Valeo, Infineon Technologies AG, ZF Friedrichshafen AG, HELLA GmbH & Co. KGaA, TE Connectivity Ltd., Aptiv plc, Onsemi, Veoneer Inc., Asia-Pacific was region with the largest share in the automotive radar market in 2022. The regions covered in the automotive radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive radar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive radar market consists of sales of antenna, transmitter, receiver, and a high-speed digital interface. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global automotive radar market is segmented - 1) By Vehicle Type: Passenger Car, Commercial Vehicle 2) By Range: Long-Range Radar (Lrr), Short And Medium-Range Radar (S&Mrr) 3) By Frequency: 24 Ghz, 77 Ghz, 79 Ghz 4) By Application: Adaptive Cruise Control (Acc), Autonomous Emergency Braking (Aeb), Blind Spot Detection (Bsd), Forward Collision Warning System, Intelligent Park Assists, Other Applications

Synthetic biology is a field of biological science that involve engineering principles to redesign organisms to give them new abilities. It is possible to think of synthetic biology as the culmination or the prescriptive, deliberate stage of biology. The main product types of synthetic biology are oligonucleotides, enzymes, cloning and assembly kits, xeno-nucleic acids (XNA), and chassis organisms. Oligonucleotides are small single-stranded DNA segments that, when internalized by the cell, can specifically suppress the expression of a single protein. The various technologies include nucleotide synthesis and sequencing, bioinformatics, microfluidics, and genetic engineering that are applied in pharmaceuticals and diagnostics, chemicals, biofuels, bioplastics, and others. The synthetic biology market research report is one of a series of new reports from The Business Research Company that provides synthetic biology market statistics, including synthetic biology industry global market size, regional shares, competitors with a synthetic biology market share, detailed synthetic biology market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic biology industry. This synthetic biology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global synthetic biology market will grow from $13.11 billion in 2022 to $17.07 billion in 2023 at a compound annual growth rate (CAGR) of 30.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global synthetic biology market is expected to grow to $39.12 billion in 2027 at a CAGR of 23.0%. DNA sequencing is important in the development of the synthetic biology in many ways. DNA sequencing finds its use in many synthetic biology applications, therefore the availability of the DNA sequencing technique at low cost drives the production of products based on the applications of synthetic biology. DNA sequencing allows the researchers to determine the DNA sequences in genes and helps a researcher to create a repository of entire genomes. These repositories form the basis for the implementation of synthetic biology applications such as protein expression, directed evolution, and metabolic engineering. According to the Human Genome Research Institute, in 2021,, costs per genome sequenced have decreased from $3 billion to approximately $300 million over the past 17 years and are projected to be gradually lowered by 10 times over the next five years. The bio-safety risks involved in synthetic biology restrains the synthetic biology market. Synthetic biology involves researches on micro-organism to perform the desired function or produce a biological desired substance. Such processes possess health risks such as illness, and allergies in humans as well as environmental risks such as toxicity and risk of new micro-organisms affecting living creatures in the ecosystem. Such potential risks pose as a deterrent to possible innovative research that could be done in certain fields such as combating epidemics such as Ebola and life-threatening diseases such as cancer. The new technological advances in the field of DNA sequencing has enabled the researchers to use DNA to store non-genetic information. With the rise in the demand to store quantum of data, DNA data storage offers a solution where one DNA strand can store about 455 Exabyte of data (455 billion gigabytes). Thus, the concept has received huge investments from the entities in the market. The binary data (data coded in 0O and 1) is converted into DNA strings of four potential base units of unique sequences of A, G, C, T (DNA is made up of four base components: Adenine, Guanine, Cytosine, and Thymine (known as AGCT)). The information coded in DNA lasts for thousands of years when compared to the data in traditional hard drives which gets corrupted or damaged within 30 years. For instance, according to a journal published by Nature Publishing Group, Microsoft and University of Washington researchers stored 35 distinct digital files in DNA—more than 200 megabytes of data and plans to increase future investment to improve the technology. In March 2020, Zymergen, a California-based material innovation company rethinking biology and reimagining the world acquired enEvolv, Inc. for an undisclosed amount. This acquisition speeds Zymergen delivery of high performance and sustainable products to customers and further cements Zymergen leadership position in the bio-manufacturing space. enEvolv, Inc., a next-generation synthetic biology company that has developed an enzyme and strain development platform to harness the power of evolution and create unique, commercial products by engineering the genomes of microbes. Major players in the synthetic biology market are Thermo Fischer Scientific, Genscript, Integrated DNA Technologies, Amyris, Twist Bioscience Corporation, Novozymes, New England Biolabs, Synthetic Genomics, Ginkgo Bioworks, Intrexon, E. I. Du Pont De Nemours and Company, Koninklijke DSM N.V., Codexis, Merck KGaA, Danaher Corporation, EnBiotix, Evonetix, Prokarium, Eurofins Scientific, Origene technologies, Pareto Biotechnologies, Blue heron, Syntrox, ATUM, and DNA2.0. North America was the largest region in the synthetic biology market in 2022. Western Europe was the second largest region in the global synthetic biology market. The regions covered in the global synthetic biology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the synthetic biology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The synthetic biology market includes revenue earned by synthetic compound, technology and related services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global synthetic biology market is segmented - 1) By Technology: Nucleotide Synthesis And Sequencing, Bioinformatics, Microfluidics, Genetic Engineering 2) By Application: Pharmaceuticals And Diagnostics, Chemicals, Biofuels, Bioplastics, Other Applications 3) By Product Type: Oligonucleotides, Enzymes, Cloning and Assembly Kits, Xeno-nucleic Acids (XNA), Chassis Organism

The synthetic rubber and fiber refer to artificial elastomers that are produced via the polymerization of a variety of petroleum-based monomers. The synthetic rubber and fibers have superior elastic properties and greater durability. The main types of synthetic rubber and fibers are synthetic fibers, styrene-butadiene rubber (sbr), polybutadiene (BR), ethylene propylene (EPDM), and other types of synthetic rubber and fibers. Synthetic fibers are man-made textile fibers, including those made from natural materials (such as rayon and acetate from cellulose or regenerated protein fibers from zein or casein) and fully synthetic fibers (such as nylon or acrylic fibers). The applications involved are non-tire automotive, footwear, tire, construction, and other applications. The distribution channels are offline and online. The synthetic rubber and fibers market research report is one of a series of new reports from The Business Research Company that provides synthetic rubber and fibers market statistics, including synthetic rubber and fibers industry global market size, regional shares, competitors with a synthetic rubber and fibers market share, detailed synthetic rubber and fibers market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic rubber and fibers industry. This synthetic rubber and fibers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global synthetic rubber and fibers market grew from $285.65 billion in 2022 to $307.6 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The synthetic rubber and fibers market is expected to grow to $403.27 billion in 2027 at a CAGR of 7.0%. Technology is expected to be a continued driver of market growth during this period. Industries that involve technology, such as this one, benefited from this trend during this period. For example, technologies such as Green Tires, where 20–30% of a vehicle's fuel consumption is related to tire performance, took off during this period. Green tires offer wet grip, durability, and low rolling resistance, reducing fuel consumption by 5–7%. Thus, technological advances that enabled improved performance and reduced fuel consumption contributed to the market growth. Rising geopolitical tensions had a negative impact on the synthetic rubber and fiber markets during the historic period. Repercussions of geopolitical tensions include sanctions on Russia, trade protectionism, and heightened military tensions in the Middle East. Many countries place trade restrictions, especially on imports, to boost local production. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. The US is also implementing several trade restrictions, especially with China, to boost its local production. For instance, the US imposed tariffs on $550 billion worth of Chinese goods, including chemicals and plastics, as of January 2020. Continued violence and terrorism in the Middle East and other parts of the world are also expected to have a negative impact on the market. Many manufacturers have started to use more synthetic than natural rubber because falling crude oil prices have led to lower prices. Synthetic rubber prices dropped 15% in Europe and 5% in the USA in the second quarter compared to a year earlier. The synthetic rubber supply was consistent and more affordable than natural rubber during the studied period. According to estimates, European manufacturers now use 60% synthetic rubber and 40% natural rubber for manufacturing products associated with rubber. For instance, according to a report by the Rubber World, the global synthetic rubber market is expected to reach 21.2 million metric tons by 2024. Major companies in the synthetic rubber and fibers market include Sinopec Limited, Mitsubishi Chemical Holdings Corp, Exxon Mobil, Lotte Chemical Corp, Odebrecht Engenharia E Construcao Sa, Teijin Ltd., Asahi Kasei Corporation, SK Innovation Co, GS Caltex Corporation, and Lenzing AG. Asia-Pacific was the largest region in the synthetic rubber and fibers market in 2022. Western Europe was the second-largest region in the synthetic rubber and fibers market. The regions covered in the synthetic rubber and fibers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the synthetic rubber and fibers market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The synthetic rubber and fiber market consists of the sales of neoprene, buna rubbers, and butyl rubbers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global synthetic rubber and fibers market is segmented - 1) By Type: Synthetic Fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Ethylene Propylene (EPDM), Other Synthetic Rubber and Fibers 2) By Application: Non-Tire Automotive, Footwear, Tire, Construction, Other Applications 3) By Distribution Channel: Offline, Online

Aerospace is the design and manufacture of aircraft, rockets, missiles, and spacecrafts that operate in the space. Defense equipment refers to weapons, arms and equipment that are used for military purposes. The main aerospace and defense types are aerospace and defense. The aerospace industry consists of companies involved in developing prototypes and the manufacturing or assembling of complete aircraft and aircraft parts for commercial purposes. The aircraft are operated through autonomous and manual modes. The different components include weapon systems, fire control systems, command and control systems, and others. The aerospace and defense market research report is one of a series of new reports from The Business Research Company that provides aerospace and defense market statistics, including aerospace and defense industry global market size, regional shares, competitors with an aerospace and defense market share, detailed aerospace and defense market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace and defense industry. This aerospace and defense market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global aerospace & defense market grew from $795.92 billion in 2022 to $855.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace & defense market is expected to grow to $1076.56 billion in 2027 at a CAGR of 5.9%. During the forecast period, developed countries will experience low interest rates as monetary authorities are reducing interest rates to stimulate economic growth and prevent deflation. This led to the flow of cheap money for investment in these economies. Low interest rates encouraged borrowing for investment and helped drive spending. For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. Major countries that had low-interest rates in the historic period included the USA, Germany, and Japan. Low interest rates will boost the growth of the aerospace and defense markets in the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the aerospace and defense market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing was affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Defense equipment manufacturers depend on the supply of raw materials and parts from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and raw materials. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the aerospace & defense market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. 8K video capture technology is being integrated with drones to enhance the picture and video quality captured by these aircraft. 8K technology offers greater horizontal display resolution and offers images that show more details than standard HD. 8K cameras integrated with drones offer higher precision and provide high-resolution footage in autonomous flights. For instance, Autel is offering its EVO series of drones with 8K cameras. Major companies in the aerospace & defense market include Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Raytheon Co, Northrop Grumman Corp, Bae Systems plc, General Dynamics, General Electric Company, and Safran SA. North America was the largest region in aerospace & defense market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the aerospace and defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aerospace & defense market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The aerospace and defense market consists of sales of aircraft, aircraft components, weapons, artillery tanks, and radar equipment for aerospace and defense purposes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aerospace and defense market is segmented - 1) By Type: Aerospace, Defense 2)By Operation: Autonomous, Manual 3) By Component: Weapon System, Fire Control System, Command and Control System, Others Subsegments Covered: Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support and Auxiliary Equipment, Air based Defense Equipment, Sea based Defense Equipment, Land based Defense Equipment, Defense Equipment Maintenance, Repair and Overhauling Services, Defense Support and Auxiliary Equipment