Weather Radar Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Weather Radar Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Global Weather Radar Market

The Global Weather Radar market size was valued at USD 117.29 million in 2022, and the market is now projected to grow from USD 136.28 million in 2023 to USD 486 million by 2030, exhibiting a CAGR of 19.9% during the forecast period 2023-2030.

The COVID-19 pandemic significantly disrupted the global weather radar industry by hindering the supply chain, making it difficult for companies to obtain essential components, raw materials, and equipment, leading to production delays and shutdowns. The World Meteorological Organization (WMO) highlighted that these disruptions affected the maintenance and replacement of weather surveillance radar systems. Reduced demand from the aviation and tourism industries further hindered market growth.

The increasing frequency and severity of natural disasters, such as floods, hurricanes, and wildfires, are expected to boost the weather radar market. In March 2023, the Emergency Event Database (EM-DAT) recorded 387 natural disasters, causing significant loss of life and economic damage. Accurate weather predictions are essential for public safety and economic stability. Weather surveillance radars, which cover large areas, play a crucial role in providing necessary information for predicting severe weather conditions.

Artificial Intelligence (AI) and Machine Learning (ML) algorithms are crucial for processing and analyzing large radar data sets, enhancing the accuracy and reliability of weather forecasts and warnings. These technologies help identify complex patterns and provide insights that are otherwise difficult to detect. For example, in September 2021, DeepMind collaborated with the U.K.'s Met Office to create DGMR, a deep-learning tool that accurately predicts rainfall probability for the next 90 minutes, addressing a significant challenge in weather forecasting. This innovation demonstrates the potential of AI in advancing meteorology.

Comprehensive Analysis of Global Weather Radar Market

The global weather radar market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by platform analysis, by frequency analysis, by component analysis, by Application Analysis . By platform analysis include, land-based and airborne. By frequency analysis include, C-band, S-band, X-band, and others. By component analysis include, transmitter, antenna, receiver, display, and others, by application analysis include, meteorology & hydrology, the aviation industry, and the military.

TheNorth America region lead the global weather radar market share by benefitting a market size of USD 37.84 million in 2022 due toits technological advancements and is an early adopter of various technologies.

The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Collins Aerospace (U.S.) ,Honeywell International Inc. (U.S.),EWR Radar Systems Inc. (U.S.),Enterprise Electronics Corporation (U.S.),LEONARDO Germany GmbH (Germany),Beijing Minstar Radar Co., Ltd. (China),Vaisala Oyj (Finland),GAMIC mbH (Germany), FURUNO ELECTRIC CO., LTD. (Japan) ,Telephonics Corporation (U.S.) these market players provide a level-playing competitive landscape.

In April 2023, Honeywell International Inc. was chosen by the United States Coast Guard to upgrade its Sikorsky MH-60 Jayhawk and Eurocopter MH-65 Dolphin helicopters with the IntuVue RDR-7000 weather surveillance radar system.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 19.9% from 2023 to 2030

Unit Value (USD Million)

Segmentation Platform, Component, Frequency, Application and Geography

By Platform

Land-Based

Airborne

By Component

Transmitter

Antenna

Receiver

Display

Others

By Frequency

C-Band

S-Band

X-Band

Others

By Application

Meteorology & Hydrology

Aviation Industry

Military

By Geography

North America (By Platform, Component, Frequency, Application, and Country)

- U.S. (By Platform)

- Canada (By Platform)

Europe (By Platform, Component, Frequency, Application and Country)

- U.K. (By Platform)

- Germany (By Platform)

- France (By Platform)

- Italy (By Platform)

- Russia (By Platform)

- Rest of Europe (By Platform)

Asia-Pacific (By Platform, Component, Frequency, Application, and Country)

- China (By Platform)

- India (By Platform)

- Japan (By Platform)

- Australia (By Platform)

- Rest of Asia-Pacific (By Platform)

Rest of World (By Platform, Component, Frequency, Application, and Country)

- Latin America (By Platform)

- Middle East & Africa (By Platform)


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