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Weather Radar Market Trends

  • Report ID: 3413
  • Published Date: Sep 18, 2024
  • Report Format: PDF, PPT

Weather Radar Market Trends

Growth Drivers

  • Increasing Incidences of Weather Disturbances
  • Growing Adoption of Air Travel
  • Rising Government Concerns to Reduce Damage caused in Natural Calamities

Challenges

  • Requirement of Expertise and Technical Outlook
  • High Competition from Alternative Technologies

Weather Radar Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

19.8%

Base Year Market Size (2023)

USD 137.64 million

Forecast Year Market Size (2036)

USD 1.44 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Abhishek Verma


  • Report ID: 3413
  • Published Date: Sep 18, 2024
  • Report Format: PDF, PPT

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 – 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.
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