Global Coherent Radar Market Size 2024, Forecast To 2033

The coherent radar market has experienced rapid growth in recent years, with its size projected to increase from $7.57 billion in 2023 to $8.34 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 10.2%. This growth in the historical period can be attributed to various factors including military modernization initiatives driving investments in defense technologies, the increasing demand for air traffic management systems to ensure safe and efficient airspace utilization, heightened requirements for maritime surveillance solutions to monitor and secure maritime borders, advancements in weather monitoring and prediction capabilities, and the need for critical infrastructure protection against emerging threats. Looking ahead, the coherent radar market is poised for strong growth, expected to reach $11.95 billion by 2028, with a compound annual growth rate (CAGR) of 9.4%. The anticipated growth drivers include escalating concerns regarding border security necessitating the deployment of advanced radar systems, the expanding utilization of unmanned systems across defense and commercial sectors, rising demand for counter-drone solutions to mitigate security risks, increasing requirements for space surveillance capabilities to safeguard space assets, and the ongoing infrastructure development activities in emerging markets. Major trends expected in the forecast period encompass the development of enhanced networked radar systems facilitating collaborative sensing and data fusion, the miniaturization and portability of radar systems enabling deployment in diverse environments, the evolution of coherent synthetic aperture radar (CSAR) systems for enhanced imaging capabilities, the integration of coherent radar technologies in unmanned aerial vehicles (UAVs) for improved situational awareness, and the incorporation of global navigation satellite system (GNSS) data for enhanced navigation and tracking functionalities.