Advantages
Because of simplicity, CW radar are inexpensive to manufacture, relatively free from failure, cheap to maintain, and fully automated. Some are small enough to carry in a pocket. More sophisticated CW radar systems can reliably achieve accurate detections exceeding 100 km distance while providing missile illumination.
The FMCW ramp can be compressed providing extra signal to noise gains such one does not need the extra power that pulse radar using a no FM modulation would. This combined with the fact that it is coherent means that Fourier interrogated can be used rather than azimuth integrated providing superior signal to noise and a Doppler measurement.
Doppler processing allows signal integration between successive receiver samples. This means that the number of samples can be increased to extend the detection range without increasing transmit power. That technique can be used to produce inexpensive stealthy low-power radar.
CW performance is similar to Pulse-Doppler radar performance for this reason.
Read more about this topic: Continuous-wave Radar
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