Research Nester published a report titled “Weather Radar Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global weather radar market in terms of market segmentation by installation, components, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global weather radar market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of end-user into aviation, industrial, weather monitoring, military & defense, and others. Among these, the aviation segment is estimated to gain significant share over the forecast period, on the back of increasing number of flights, rising adoption of air travel, and use of airways for delivery of goods. According to the data by the International Civil Aviation Organization, 4.397 billion people travelled through airways in 2019.
The global weather radar market is projected to grow on the back of rising government concerns to reduce damage caused by bad weather conditions, such as, hurricanes, cyclones, storms, and floods, along with increasing incidences of weather disturbances. Moreover, growing adoption of air travel is estimated to boost the market growth, as the aviation industry required weather radar to ensure safe flights. In addition to this, the growing use of weather radars in military bases is estimated to boost the market growth.
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On the basis of geographical analysis, the global weather radar market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America is estimated to gain largest share over the forecast period on the back of increasing government expenditure on reducing damage to life and public property caused by natural calamities. Moreover, growth of the aviation industry in the region, is estimated to boost the regional market growth.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Rising Government Concerns to Reduce Damage caused in Natural Calamities to boost the Market Growth
Over the last few years, there has been a raise in the occurrence of natural disasters, such as, flash floods, cyclones, landslides and others. This has, in turn, raised the government concerns to deploy weather radars to reduce the damage caused by these weather disturbances. This is estimated to boost the market growth.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, high competition from alternative technologies is expected to operate as key restraint to the growth of the global weather radar market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global weather radar market which includes company profiling of Enterprise Electronics Corporation, Furuno Electric Co., Ltd., Collins Aerospace, Beijing Metstar Radar Co., Ltd., LEONARDO Germany GmbH, Gamic mbH, EWR Radar Systems, Inc., Honeywell International Inc., AccuWeather, Inc.and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global weather radar market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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