Weather Radar Market Share

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. North America industry is set to dominate majority revenue share by 2036, propelled by high government expenditure on advanced technology in the region. Moreover, higher adoption of technology in the military and defense sector, along with huge budget for security forces in the region, are estimated to boost the market growth.

APAC Market Analysis

The market in the Asia Pacific is estimated to witness highest CAGR during the forecast period, as the region is prone to weather disturbances, owing to its geographical position, especially countries, such as, Indonesia, Singapore, Japan, and India. This is expected to raise the demand for weather radar amongst various end-users. The economic and technological development in the region also plays significant role in the market growth.

Frequently Asked Questions (FAQ)

Rising government concerns to reduce damage backed by increasing incidences of weather disturbances to boost the market growth.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 â€“ 2030.

High competition from other technologies is estimated to hamper the market growth.

The market in the North America is estimated to provide more growth opportunity over the forecast period on the back of increasing government expenditure on military and defense sector.

The major players in the market are Enterprise Electronics Corporation, Furuno Electric Co., Ltd., Collins Aerospace, Beijing Metstar Radar Co., Ltd., LEONARDO Germany GmbH, Gamic mbH, and others.

Weather Radar Market Share