Weather Radar Market Size

Weather Radar Market size was over USD 137.64 million in 2023 and is poised to exceed USD 1.44 billion by the end of 2036, witnessing over 19.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of weather radar is estimated at USD 159.44 million.

 The growth of the market can be attributed to the growing government concerns to minimize damage caused by harsh weather conditions, which increases the demand for weather radars in the weather stations. There have been several natural calamities in the recent past which created havoc for the human and other organisms. Incidences, such as, wild forest fires of Australia and Amazon, hurricane Laura in the U.S., Cyclone Amphan in South Asia, and flash floods in regions of India and Indonesia occurred in 2020 alone. Governments of various nations are focusing on efficient prediction of climatic conditions, to reduce the damage caused by such weather conditions, which is estimated to be the primary growth driver for the market. Moreover, increasing air travels and use of aircrafts for transport of goods, has raised the need for weather radars, which, in turn, is projected to boost the market growth.