Coherent Radar Market: Robust Growth, Key Drivers, and Future Trends

The global coherent radar market is witnessing strong growth due to the rise in air traffic, border security concerns, and advancements in technology. The development of networked radar systems, miniaturization and portability, and the integration of global navigation satellite systems signify key trends in the market.

What Is The Projected Market Size Of The Global Coherent Radar Market And Its Growth Rate?

• The coherent radar market is projected to expand from $8.18 billion in 2024 to $8.97 billion in 2025, growing at a CAGR of 9.8%. The growth in this period can be attributed to various factors such as military modernization initiatives, increased demand in maritime surveillance, and air traffic management needs.
• The market size is expected to reach $12.77 billion in 2029, growing at a CAGR of 9.2%. Factors attributed to this growth include increasing border security concerns, expansion in unmanned systems, and rising demand for counter-drone solutions.

What Is Driving The Growth In The Coherent Radar Market?

The escalation in air traffic worldwide is propelling the growth of the coherent radar market. Coherent radar systems provide high-quality and precise radar data, a crucial need in air traffic control applications, especially given the increasing volume of aircraft traffic. As per the International Air Transport Association, the total air traffic in February 2023 had increased by 55.5% compared to the same month in 2022. Therefore, the surge in air traffic continues to spur the growth of the coherent radar market.

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Who Are the Key Players Driving Coherent Radar Market Growth?

Major players contributing to the coherent radar market growth include:
• Hensoldt Holding Germany GmbH
• Raytheon Technologies Corp.
• BAE Systems plc
• Leonardo S.p.A.
• Thales Group

What Are The Key Trends In The Coherent Radar Market?

Key trends shaping the coherent radar market include:
• Development of enhanced networked radar systems
• Miniaturization and portability of radar systems
• Increasing use of these systems in unmanned aerial vehicles (UAVs)
• Integration with global navigation satellite system (GNSS)

What Are The Segments Of The Global Coherent Radar Market?

The coherent radar market report covers the following segments:
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

Which Region Leads The Coherent Radar Market?

North America was the largest region in the coherent radar market in 2024. The other regions assessed in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.

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What Is Covered In The Coherent Radar Market Global Market Report?

- Market Size Analysis: Analyze the Coherent Radar Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Coherent Radar Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Coherent Radar Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Coherent Radar Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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