Coherent Radar Market Growth Outlook Through 2024-2033

Overview and Scope
Coherent radar refers a type of radar system that uses coherent electromagnetic waves to detect and locate objects. A coherent radar system emits a continuous wave that maintains a constant frequency and phase relationship, which allows it to measure the phase shift of the reflected signal accurately.

Sizing and Forecast
The coherent radar market size has grown rapidly in recent years. It will grow from $7.57 billion in 2023 to $8.34 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to military modernization initiatives, air traffic management needs, increased demand in maritime surveillance, weather monitoring and prediction, critical infrastructure protection.

The coherent radar market size is expected to see strong growth in the next few years. It will grow to $11.95 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing border security concerns, expansion in unmanned systems, rising demand for counter-drone solutions, space surveillance requirements, infrastructure development in emerging markets. Major trends in the forecast period include enhanced networked radar systems, miniaturization and portability, development of coherent synthetic aperture radar (csar), increased use in unmanned aerial vehicles (uavs), global navigation satellite system (gnss) integration.

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Segmentation & Regional Insights
The coherent radar market covered in this report is segmented –

1) By Type: Surveillance And Airborne Warning Radar, Tracking And Fire Control Radar, Multi-Function Radar, Aircraft Traffic Control Radar, Weather Radar
2) By Technology: Software-Defined Radar, Conventional Radar, Quantum Radar
3) By Application: Commercial and Civil, Defense And Security
4) By End User: Navy, Army, Air Force, Space

North America was the largest region in the coherent radar market in 2023. The regions covered in the coherent radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increase in air traffic is expected to propel the growth of the coherent radar market going forward. Air traffic refers to aircraft movement in the airspace, including all types of flights, such as commercial airliners, private planes, helicopters, and military aircraft. Coherent radar is a radar system that uses a continuous wave signal and advanced signal processing techniques to provide high-quality and precise radar data. It is particularly useful in air traffic control applications as it can detect and track aircraft accurately, even in challenging weather conditions. As air traffic has increased over the years, there has been a growing need for more advanced radar systems to manage the increased volume of aircraft. For instance, in April 2023, according to the International Air Transport Association, a Canada-based trade association, in February 2023, the total traffic (measured in RPKs) increased by 55.5% compared to the same month in 2022, while the domestic traffic for February 2023 increased by 25.2% compared to February 2022. Therefore, the increase in air traffic is driving the growth of the coherent radar market.

Key Industry Players

Major companies operating in the coherent radar market report are Hensoldt Holding Germany GmbH, Raytheon Technologies Corp., BAE Systems PLC, Leonardo S.p.A., Thales Group, Lockheed Martin Corporation, Honeywell International Inc., Bharat Electronics Limited, L&T Defense solutions, GEM Electronics Inc., IAI Group, Saab AB, L3 Harris Technologies Inc., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., ASELSAN A.S., Mitsubishi Electric Corporation, Harris Corporation, Rheinmetall AG, Terma A/S, ELTA Systems Ltd., SRC Inc., RADA Electronic Industries Ltd., Telephonics Corporation, Exelis Inc., Cobham PLC, Rockwell Collins Inc., Selex ES S.p.A., Echodyne Corporation, Cambridge Pixel Ltd., Blighter Surveillance Systems Ltd., Kelvin Hughes Limited, Reutech Radar Systems (Pty) Ltd., DeTect Inc., ELBIT Systems Ltd.

The coherent radar market report table of contents includes:

1. Executive Summary
2. Coherent Radar Market Characteristics
3. Coherent Radar Market Trends And Strategies
4. Coherent Radar Market – Macro Economic Scenario
5. Global Coherent Radar Market Size and Growth
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31. Global Coherent Radar Market Competitive Benchmarking
32. Global Coherent Radar Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Coherent Radar Market
34. Coherent Radar Market Future Outlook and Potential Analysis
35. Appendix

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