by Weather radars are devices used to detect precipitation, detect rainfall, calculate rainfall rate and movements of storms. Weather radars are vital for weather forecasting and used by meteorologists to detect storms, forecast rain rates and amounts, reveal rotations within storms and observe storms’ structures and evolution. Weather radars transmit pulsed beams of radio waves or microwaves which bounce off targets such as rain, snow or ice in the atmosphere. These are used to locate precipitation, measure its motion, and calculate rainfall rate and accummulation amounts. The global weather radar market comprise of weather radar systems used for meteorological applications and atmospheric research, ranging from small, portable units to large phased array Doppler weather radar systems for capturing high-resolution storm data.
The global Weather Radar Market is estimated to be valued at US$ 136.28 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Advancement in weather forecasting technology has enabled more accurate predictions and reduced false alarms. Researchers are developing dual-polarization technology, volumetric imaging capabilities and phased array antenna systems that improves spatial resolution and updates. This will aid real-time automated analysis of complex weather phenomena like tornados which will drive demand for advanced weather radars. The emergence of compact solid-state weather radar systems with fiber-optic interfaces opens up possibilities for unmanned aerial vehicles, ships and other mobile platforms. Increasing use of weather radars on various platforms will fuel growth of the global weather radar market over the forecast period.
Segment Analysis
The weather radar market is dominated by the air traffic control segment which accounts for more than 35% of the overall market share. This segment is dominating as weather radars provide critical weather information to air traffic controllers to ensure safety of aircrafts and passengers. The other prominent segments include military which holds around 25% share and meteorology segment accounting for 20% share. The meteorology segment is growing at a faster pace due to increasing use of weather radars by meteorological departments across the world to issue timely weather warnings and forecast.
PEST Analysis
Political: Governments across the globe are investing heavily in procurement and upgradation of weather radars to issue timely weather warnings and minimize economic losses due to extreme weather events. Various policies support growth of weather radar market.
Economic: Increasing economic cost of natural calamities and need for better preparedness is driving investments in weather radars. growth of aviation and military sectors further augment the market growth.
Social: Rising awareness about safety and preparedness against extreme weather events influences positive growth of the market. Need for accurate weather forecast boosts adoption.
Technological: Advancements in radar technology such as dual polarization, phased array, and Doppler weather radars have improved detection capabilities. Developments in mobile and compact radars widen applications.
Key Takeaways
The Global Weather Radar Market Size is expected to witness high growth. The global Weather Radar Market is estimated to be valued at US$ 136.28 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030.
North America dominates the market with over 40% share owing to large investments in weather radars by National Weather Service and Federal Aviation Administration in the US and Canada. Asia Pacific is the fastest growing region for weather radar market rising at a CAGR of 13% during the forecast period on back of increasing procurement by governments in China, India and Japan to strengthen weather monitoring infrastructure and minimize losses from extreme weather events.
Key players operating in the weather radar market are Diageo PLC, Bacardi Ltd, Asahi Group Holdings Ltd, Pernod Ricard SA, and Suntory Beverage & Food Ltd, among others. Key players focus on new product launches and innovation. For instance, in 2020, Honeywell International Inc. introduced compact dual polarization Doppler weather radar – Windshear Detection and Alert System (WDAS) for general and commercial aviation.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
