The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Coherent Radar Global Market Report 2024 offers crucial insights into the coherent radar market help businesses analyse and build stronger strategies.

The coherent radar market has seen substantial growth in recent years, and its expansion is set to continue. This article explores the factors driving this growth, the trends shaping the market, and future projections.

Current Market Size and Growth

• Recent Growth: The coherent radar market grew from $7.57 billion in 2023 to $8.34 billion in 2024, marking a compound annual growth rate (CAGR) of 10.2%.
• Historical Growth Drivers: The key drivers include military modernization initiatives, air traffic management needs, increased demand in maritime surveillance, weather monitoring and prediction, and critical infrastructure protection.

Future Market Projections

• Expected Expansion: The market size is projected to reach $11.95 billion by 2028, growing at a CAGR of 9.4%.
• Future Growth Drivers: Anticipated growth will be driven by increasing border security concerns, expansion in unmanned systems, rising demand for counter-drone solutions, space surveillance requirements, and infrastructure development in emerging markets.

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Key Trends Shaping the Future

• Enhanced Networked Radar Systems: The development of more sophisticated, interconnected radar systems will improve data sharing and operational efficiency.
• Miniaturization and Portability: Advances in technology are leading to smaller, more portable radar systems that maintain high performance.
• Coherent Synthetic Aperture Radar (CSAR): This innovation provides higher resolution imaging and better target detection capabilities.
• Increased Use in UAVs: Unmanned aerial vehicles (UAVs) are becoming more prevalent, and their integration with coherent radar systems is expanding their operational scope.
• GNSS Integration: The integration of global navigation satellite systems (GNSS) enhances the accuracy and functionality of radar systems.

Surge in Air Traffic Boosts Demand for Advanced Coherent Radar Systems

• Air Traffic Growth: The increase in air traffic is significantly driving the demand for advanced radar systems. Coherent radar systems are crucial for accurate aircraft detection and tracking, especially in challenging weather conditions.
• IATA Data: According to the International Air Transport Association, total traffic increased by 55.5% in February 2023 compared to February 2022, with domestic traffic up by 25.2% in the same period.
• Application in Air Traffic Control: These advanced radar systems are essential for managing the increasing volume of aircraft, ensuring safety and efficiency in airspace management.

Major Players in the Market

• Key Companies: 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, and more.
• Innovative Solutions: For instance, SparkFun Electronics launched the Acconeer A111 60 GHz pulsed coherent radar (PCR) chip, enhancing distance measurement and SPI communication.

Technological Advancements

• Innovation in PCR Chips: Technological advancements such as the Acconeer A111 PCR chip improve measurement accuracy and communication speed.
• Enhanced Capabilities: These new technologies enable precise distance measurement and advanced functionality, supporting a range of applications from consumer electronics to advanced military systems.

Market Segmentation

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

Regional Insights

• Largest Market: North America was the largest region in the coherent radar market in 2023.
• Growth in Emerging Markets: Infrastructure development in emerging markets is expected to drive significant growth, enhancing market opportunities.

Conclusion

The coherent radar market is experiencing rapid growth, driven by technological advancements, increasing air traffic, and strategic industry developments. With innovations in radar systems, miniaturization, and GNSS integration, the market is set for substantial expansion, meeting the evolving demands of various sectors from defense to commercial applications.

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The Coherent Radar Global Market Report 2024  provides a comprehensive outlook of the coherent radar market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The coherent radar market forecast offers a thorough analysis on coherent radar market size, coherent radar market share, prominent players and their strategies.

The Table Of Content For The Coherent Radar Market Include:
1. Coherent Radar Market Executive Summary
2. Coherent Radar Market Segments
3. Coherent Radar Market Size And Coherent Radar Market Growth Rate
4. Key Coherent Radar Market Trends
5. Major Coherent Radar Market Drivers
……
25. Key Mergers And Acquisitions In The Coherent Radar Market
26. Top Coherent Radar Companies
27. Coherent Radar Market Opportunities And Strategies
28. Coherent Radar Market, Conclusions And Recommendations
29. Appendix

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