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| Weather Radar Market |
The Weather Radar Market has witnessed significant growth over the past few years owing to the increasing demand for weather monitoring systems across various industries for applications ranging from meteorology to aviation. Weather radars are detection systems that use radio waves to identify the location, movement, and intensity of precipitation like rain or snow within the Earth's atmosphere. They are highly beneficial for tracking severe storms and squalls and provide critical data needed for weather forecasting and research. The weather radar scans the atmosphere and detects areas of precipitation, making it possible to track their movement and growth. They also detect wind shear, gust fronts, and other features too small to be seen from weather satellites or surface weather observations.
The Global Weather Radar Market is
estimated to be valued at US$ 157 Mn in 2024 and is expected to exhibit a CAGR
of 3.5% over the forecast period 2024 to 2031.
The rising need for improved weather
monitoring and forecasting systems across the aviation, marine, and
meteorological industries is a major factor driving market growth. Weather
radars allow constant monitoring of storms and transmit live data that helps
detect hazardous weather conditions in real-time and aid decision making.
Furthermore, advancing radar technologies have enabled high-resolution observations
of precipitation and storm features, thereby enhancing forecasting accuracy.
Additionally, increasing investments by governments worldwide to develop
advanced weather infrastructure is also supplementing the weather radar market
expansion.
Key players operating in the Weather Radar Market are Menzel Elektromotoren GmbH, General Electric Company, ATB Austria Antriebstechnik AG, ABB Ltd., Fuji Electric Co. Ltd., Allen-Bradly Co. LLC (Rockwell Automation Inc.), Franklin Electric Co. Inc., Siemens AG, Maxon Motor AG, Amtek Inc., Nidec Corporation, Arc Systems Inc., Toshiba International Corporation, Johnson Electric Holdings Limited, and Emerson Electric Co. These players are focusing on new product launches and mergers & acquisitions to strengthen their market position. For instance, in 2021, NEC Corporation announced the launch of its next-generation weather radar system NeXtrace 8000 to support improved weather forecasting services.
The key opportunities in the market include growing demand for dual polarization Weather Radars Market Demand Development of compact and portable weather radars as well as increasing focus on advanced weather monitoring networks. The growing technological advancements are leading to the development of compact and portable weather radars with excellent accuracy which can find wide applications in tourism and other sectors.
The Global expansion of major players through partnerships and collaborations. To tap the potential growth opportunities, market players are focusing on geographic and capacity expansions through partnerships with regional weather service providers. They are also engaging in mergers and acquisitions to strengthen their global footprints. For instance, in 2019, Selex ES, a Finmeccanica Company, partnered with Dubai Municipality to supply advanced weather radars and develop an early warning weather monitoring infrastructure across Dubai.
Market Drivers
Growing aviation industry: The increasing air traffic worldwide is driving the demand for advanced weather radars from the aviation industry. Weather radars are critical for enabling safe flights by tracking storms, windshear, and other weather patterns. They help avoid hazardous weather conditions and enable real-time rerouting.
Increasing investments in weather forecasting: Governments across developed and developing nations are significantly increasing their investments and focus on developing high-quality weather forecasting systems. This is positively impacting the adoption of advanced weather radars for improved weather monitoring capabilities.
Market Restraints
High initial investment: The installation and deployment of modern weather radars require huge capital investments. This high upfront cost acts as arestraining factor, particularlyfor meteorological organizations and authorities in price-sensitive developing markets.
Technical challenges: Adverse weather conditions like heavy rain, snow, and fog
also pose technical challenges in obtaining clear radar images. Harsh
environmental conditions can reduce radar accuracy and effectiveness over time
requiring high maintenance costs.
Segment Analysis
The Doppler weather radar segment has historically been the dominant
sub-segment of the weather radar market, and its dominance is expected to
continue over the forecast period. Doppler radars offer highly accurate wind
mapping and velocity tracking capabilities that are crucial for studying
storms, predicting weather phenomena accurately, and providing early warnings
to communities. These advantages have led Doppler radars to be adopted by most
national meteorological services across the world as their primary weather
monitoring systems.
The Asia Pacific region is estimated to witness the fastest growth in the
weather radar market over the forecast period. Rapid industrialization and
urbanization in densely populated countries such as India and China have
increased investments towards developing advanced weather forecasting
infrastructure. Additionally, the occurrence of extreme weather events has
highlighted the need for early detection systems. At the same time, developed
regions such as North America and Europe will continue dominating market
revenue due to well-established weather radar networks and
replacement/upgradation projects undertaken by government agencies. Most major
players also have strong business presence across these regions to address
weather monitoring needs of various industries.
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Radar Market
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