The weather radar market is gaining traction due to growing need for real-time weather monitoring solutions across several applications. Weather radars are detection systems that use pulsed radio waves to determine the location and intensity of precipitation, along with other types of objects in the atmosphere. They are widely used for meteorological observation and precipitation measurement, and aid in tracking cyclonic storm activity.
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, as highlighted in a new report published by Coherent Market Insights.
Market key trends: The demand for weather radar solutions has been rising due to growing emphasis on real-time weather monitoring across various applications. Weather radars offer precise monitoring of weather conditions from a distance and enable early warnings about storms, cyclones, and other weather calamities. They deliver accurate information about precipitation location, type, and movement. This helps meteorological agencies, aviation sectors, and governments in effective preparedness against extreme weather events. Moreover, technological advancements in radar technology have improved accuracy, resolution, and reliability of weather monitoring systems. Adoption of technologies such as Doppler weather radar and dual polarization is boosting the weather radar market growth.
Segment Analysis
The global weather radar market is dominated by X Band radars sub segment. X Band radars offers high resolution weather surveillance and detection of small sized precipitation particles. Hence it is suited for both research applications and aviation weather forecasting. S Band radars accounts for second largest sub segment owing to its ability to detect heavier precipitation at longer distance. However going forward, C band radar sub segment is expected to witness fastest growth due to its balanced characteristics between S and X band radars. C band radars provides detailed picture of storms evolution along with clear air turbulence and low level winds detection.
Key Takeaways
The Global Weather Radar Market Size is expected to witness high growth over the forecast period of 2024 to 2031. 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.
North American region currently holds the largest share of weather radar market owing to stringent regulatory mandates for weather detection equipment at airports. The Asia Pacific weather radar market is poised to expand at over 4% CAGR during the forecast period. This can be attributed to large number of airport construction projects underway in countries such as India and Indonesia. For instance, the Indian government aims to build over 100 new airports by 2035 which will bolster demand for precision weather monitoring radars. In addition, weather agencies of China and South Korea are implementing advanced phased array radars network for improved cyclone tracking capabilities.
Key players
Key players operating in the weather radar market are Menzel Elektronic, EWR Weather Radar, Selex ES GmbH, Honeywell, and Furuno. Menzel Elektronic is one of the leading suppliers of C band and S band Doppler radar systems globally. EWR Weather Radar offers a broad portfolio of phased array and mechanically scanned weather surveillance radars.
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https://www.newsstatix.com/weather-radar-market-size-share-growth-outlook-2023/
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