The Coherent Radar Global Market Report 2023, provides comprehensive information on the coherent radar market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global coherent radar market size is expected to grow from $6.85 billion in 2022 to $7.57 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. 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 coherent radar market size is expected to reach $10.90 billion in 2027 at a CAGR of 9.5%.
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Technological advancements are a key trend gaining popularity in the coherent radar market. Companies operating in the coherent radar market are adopting new technologies to sustain their position in the market. For instance, in October 2021, SparkFun Electronics, a US-based electronics retailer, launched the Acconeer A111 60 GHz pulsed coherent radar (PCR) chip, a new revision of its breakout board. The breakout board offers 2.54-mm pin headers for SPI (serial peripheral interface) communication at up to 50 MHz The chip allows up to six and a half feet of measurement distance accurately down below 0.04″. An improvement over the original v1.0 design, the 1.8V part has full logic level translation to the 3.3V required by the Raspberry Pi’s GPIO header.
The coherent radar market 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 2022.
The table of contents in TBRC’s coherent radar market report includes:
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Top Major Players
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