Coherent Radar Market Size (2024 - 2029)

The Coherent Radar Market is projected to experience significant growth over the forecast period, driven by increasing demand in military applications due to rising geopolitical tensions and terrorism. The market's expansion is supported by the modernization of surveillance technologies and the adoption of C4ISR systems, which are enhanced by coherent radar capabilities. Despite challenges such as limited adoption in less technologically advanced countries and potential funding diversions, the market is expected to thrive. Technological advancements, including solid-state radar systems and artificial intelligence integration, are anticipated to further enhance radar performance and efficiency, contributing to the market's growth.

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Market Size of Coherent Radar Industry

Coherent Radar Market Summary
Study Period 2019-2029
Market Size (2024) USD 9.83 Billion
Market Size (2029) USD 15.21 Billion
CAGR (2024 - 2029) 9.10 %
Fastest Growing Market North America
Largest Market North America

Major Players

Coherent Radar Market Major Players

*Disclaimer: Major Players sorted in no particular order

Coherent Radar Market Analysis

The Coherent Radar Market size is estimated at USD 9.83 billion in 2024, and is expected to reach USD 15.21 billion by 2029, growing at a CAGR of 9.10% during the forecast period (2024-2029).

Coherent radar has various applications in the military. It can detect and track fast-moving and stealthy targets and provide high-resolution images of the terrain and objects of interest. The demand for coherent radar in the military is expected to grow in the coming years due to the rise in terrorism and geopolitical tensions in certain regions like the Middle East and Asia-Pacific. This factor has led to a rise in defense expenditure on modernizing surveillance technology, such as coherent radar, to detect any potential threat.

The rapid digitization of the battlefield has fostered the adoption of C4ISR systems to gain a tactical edge over hostile forces. These include the assimilation of data from various sources, including passive detection and monitoring through the use of coherent radars, thereby creating an opportunity for adopting these systems on the battlefield.

However, adopting advanced coherent radar systems is limited to technologically advanced countries. Hence, the diversion of procurement and R&D funds toward other sectors can deleteriously affect market growth. Despite this factor, the market is expected to grow positively during the forecast period due to the demand driven by rising geopolitical tensions and increasing defense expenditures in various economies worldwide.

Continuous advancements in radar technologies, such as the development of solid-state radar systems and the integration of artificial intelligence, are expected to drive the growth of this market as these technological advancements enable improved performance and increased efficiency of radar systems.

Coherent Radar Industry Segmentation

A coherent radar extracts information about a target by measuring the phases of the echoes reflected from the body of the target. While the phase information of the reflected electronic pulses can be used to improve the signal-to-noise ratio, the radar systems can estimate the velocity of the target using the Doppler effect and resolve its location in a synthetic aperture radar.

The coherent radar market is segmented by platform type and geography. By platform type, the market is segmented into airborne, terrestrial, and naval. The report also covers the market sizes and forecasts for the coherent radar market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Platform
Airborne
Terrestrial
Naval
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East and Africa
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Coherent Radar Market Size Summary

The coherent radar market is poised for significant growth, driven by its critical applications in military operations, including air and missile defense, intelligence, surveillance, and reconnaissance. The increasing geopolitical tensions and the rise in defense expenditures globally are propelling the demand for advanced radar systems. Countries are investing heavily in modernizing their military capabilities, with a focus on integrating coherent radar technologies into multirole and stealth fighter aircraft. This trend is further supported by the rapid digitization of the battlefield and the adoption of C4ISR systems, which enhance tactical advantages through improved data assimilation and monitoring capabilities. Despite challenges such as limited adoption in less technologically advanced nations, the market is expected to expand due to continuous advancements in radar technologies, including solid-state systems and artificial intelligence integration.

North America, particularly the United States, plays a pivotal role in the coherent radar market due to its substantial military spending and investment in sophisticated radar technologies. The presence of leading defense technology firms in the region, coupled with ongoing procurement of advanced military aircraft, underscores the region's dominance in the market. The market is characterized by a consolidated landscape with major players like HENSOLDT AG, RTX Corporation, BAE Systems PLC, Leonardo SpA, and Thales holding significant market shares. These companies are focusing on developing cutting-edge radar systems to meet the evolving demands of stealth technology and to maintain long-term partnerships with military end-users. The stringent regulatory environment in the defense sector poses challenges for new entrants, but it also drives innovation and the development of sophisticated radar solutions capable of detecting low radar cross-section targets.

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Coherent Radar Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Platform

      1. 2.1.1 Airborne

      2. 2.1.2 Terrestrial

      3. 2.1.3 Naval

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

      2. 2.2.2 Europe

        1. 2.2.2.1 Germany

        2. 2.2.2.2 United Kingdom

        3. 2.2.2.3 France

        4. 2.2.2.4 Russia

        5. 2.2.2.5 Rest of Europe

      3. 2.2.3 Asia-Pacific

        1. 2.2.3.1 India

        2. 2.2.3.2 China

        3. 2.2.3.3 Japan

        4. 2.2.3.4 South Korea

        5. 2.2.3.5 Rest of Asia-Pacific

      4. 2.2.4 Rest of the World

        1. 2.2.4.1 Latin America

        2. 2.2.4.2 Middle East and Africa

Coherent Radar Market Size FAQs

The Coherent Radar Market size is expected to reach USD 9.83 billion in 2024 and grow at a CAGR of 9.10% to reach USD 15.21 billion by 2029.

In 2024, the Coherent Radar Market size is expected to reach USD 9.83 billion.

Coherent Radar Market Report Snapshots

Coherent Radar Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)