The Coherent Radar Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Coherent Radar Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
1. Executive Summary
2.Coherent Radar Market Characteristics
3.Coherent Radar Market Trends And Strategies
4.Coherent Radar On Market analysis
5.Coherent Radar Market Size And Growth
6. Coherent Radar Segmentation
7. Coherent Radar Regional And Country Analysis
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27. Coherent Radar Competitive Landscape And Company Profiles
28. Coherent Radar Key Mergers And Acquisitions
29.Coherent Radar Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Hensoldt Holding Germany GmbH
- Raytheon Technologies Corp.
- BAE Systems PLC
- Leonardo S.p.A.
- Thales Group
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