Future of Coherent Radar Market: Size, Share & Forecasts to 2029

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What Is the Projected Market Size Valuation of the Coherent Radar Market by 2025?
There has been a significant expansion in the coherent radar market size in the past few years. The market is set to escalate from a worth of $8.18 billion in 2024 to a higher value of $8.92 billion in 2025, registering a compound annual growth rate (CAGR) of 9.2%. The past growth in this market can be linked to initiatives aimed at modernizing military practices, requirements for air traffic management, heightened needs in maritime surveillance, the necessity for monitoring and predicting weather conditions, and the protection of critical infrastructure.

What Is the Estimated Market Growth Value for the Coherent Radar Industry in 2029?
In the forthcoming years, the coherent radar market is projected to experience significant expansion, with an estimated value of $12.66 billion in 2029, growing at a compound annual growth rate (CAGR) of 9.1%. Factors such as heightened concerns about border security, the growth of unmanned systems, increased need for counter-drone solutions, prerequisites for space surveillance, and infrastructural advancements in evolving markets will contribute to this growth. Future trends within this timeframe will include improved networked radar systems, miniaturization and portability, the evolution of coherent synthetic aperture radar (CSAR), greater utilization in unmanned aerial vehicles (UAVs), and integration with the global navigation satellite system (GNSS).

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What Are the Growth Drivers and Opportunities in the Coherent Radar Market?
The projected progression of the coherent radar market is anticipated to be driven by the rise in air traffic. When referring to air traffic, it encompasses all movements of various aircraft in the airspace, which includes commercial airlines, private jets, helicopters, and military planes. Coherent radar is a specific type of radar system that utilizes a continual wave signal and sophisticated signal processing approaches to deliver high-quality and precise radar data. This system is especially beneficial in air traffic control settings because of its ability to accurately detect and track aircraft amidst complex weather conditions. The steady increase in air traffic over recent years has led to an escalated demand for more advanced radar mechanisms to handle the growing aircraft volume. For example, the International Air Transport Association, based in Canada, reported that in February 2023, there was a 55.5% rise in total traffic (measured in RPKs) compared to the same month the previous year, with domestic traffic for February 2023 showing a 25.2% increase compared to February 2022. Hence, this surge in air traffic has been a primary factor in stimulating the growth of the coherent radar market.

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What Are the Primary Segments Covered in the Global Coherent Radar Market Report?
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

Subsegments:
1) By Surveillance And Airborne Warning Radar: Ground-Based Surveillance Radar, Airborne Early Warning Radar
2) By Tracking And Fire Control Radar: Target Tracking Radar, Fire Control Radar Systems
3) By Multi-Function Radar: Air Defense Multi-Function Radar, Naval Multi-Function Radar
4) By Aircraft Traffic Control Radar: Primary Surveillance Radar (PSR), Secondary Surveillance Radar (SSR)
5) By Weather Radar: Doppler Radar, Dual-Polarization Radar

What Are the Top Growth Trends in the Coherent Radar Market?
Key players in the coherent radar market are concentrating on the creation of A121 sensor-based radar solutions, used in various applications such as detecting human presence, motion detection and level measurement in different settings. The A121 sensor operates with a 60 GHz radar system that employs pulsed coherent radar (PCR) technology, which is renowned for its excellent accuracy, extremely low power usage and small size. For example, in March 2023, Acconeer AB - a Sweden-originated innovator in small scale, low cost and energy-efficient mmWave radar sensors - introduced the XM125 Entry+ Module, the pioneering radar module with an A121 sensor. The module was created keeping low system costs in mind and for easy incorporation into large-scale production solutions, backed by the XE125 evaluation kit for swift product development.

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Which Companies Are Shaping the Future of the Coherent Radar Market?
Major companies operating in the coherent radar market include 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.

Which Region Holds the Largest Market Share in the Coherent Radar Industry?
North America was the largest region in the coherent radar market in 2024. 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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