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Weather Radar Market to Reach USD 261.4 Million by 2027; Rising Usage of Advanced Technology Demonstrator to Bolster Growth

September 22, 2020 | Aerospace & Defense

The global weather radar market size is projected to reach USD 261.4 Million by 2027. The rising adoption of advanced technology demonstrator (ATD) is set to affect growth positively. ATD is used to collect reflections back from the atmosphere and broadcast radio waves. It can hence detect clear air turbulence, snow, and dry hail, thereby helping pilots to avoid harsh climatic conditions. Fortune Business Insights™ provided this information in a new study, titled, “Weather Radar Market Size, Share & COVID-19 Impact Analysis, By Platform (Airborne and Land-Based), By Component (Transmitter, Antennas, Receiver, Display), By Application (Meteorology & Hydrology, Aviation Industry, Military), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 233.1 Million in 2019 and is set to exhibit a CAGR of 4.92% during the forecast period between 2020 to 2027.


Government of Nepal Purchases EEC Defender C350 to Broaden Weather Radar Coverage


In January 2020, Skand and Enterprise Electronics Corporation (EEC) are set to broaden the weather radar network of the Government of Nepal. The Nepalese Department of Hydrology and Meteorology (DHM) recently bought two Defender C350 systems from EEC to extend weather radar coverage in the country. The new radars will help in networking with the pre-existing radars that are present in Surkhet district.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/weather-radar-market-103522


Increasing Demand for Comfortable & Safe Flights to Aid Growth


Since the past few years, passengers and aircraft crew members have been getting injured owing to the extreme turbulence happening during the flight. Hailstorms also damage the fuselage. Therefore, there is a high demand for safe and comfortable flight by preventing and detecting severe weather conditions. Apart from that, the rapid changes in climate often result in the loss of human lives and destruction of infrastructure.


Weather radars aid in analyzing the climatic conditions beforehand. Australia, for instance, is planning to install more such radars in the near future to battle thunderstorms and other similar conditions. At present, it possesses around 60 radars. However, these radars are not always accurate. Thus, people are looking for alternatives. This factor may hinder the weather radar market growth.


Key Players Aim to Bag New Orders from Regulatory Bodies to Intensify Competition


The market houses a large number of prominent companies who are engaging in the strategies of mergers & acquisitions, novel product developments, and bagging of new orders to gain a competitive edge. Honeywell International is the dominant company in the global market owing to its possession of a diversified product portfolio and development of unique technologies.


Fortune Business Insights™ presents a list of all the renowned manufacturers operating in the global market. They are as follows:



  • Collins Aerospace, a Raytheon Technologies company (The U.S.)

  • Honeywell International Inc. (The U.S.)

  • EWR Radar Systems (The U.S.)

  • Enterprise Electronics Corporation (Alabama, the U.S.)

  • LEONARDO Germany GmbH (Germany)

  • Beijing Minstar Radar Co., Ltd. (Beijing, China)

  • Vaisala (Vantaa, Finland)

  • GAMIC mbH (Aachen, Germany)

  • FURUNO ELECTRIC CO., LTD. (Hyogo, Japan)


A Significant Industry Development-



  • June 2018: Selex ES GmbH bagged a new contract from the Norwegian Meteorological Institute (MET Norway) to deliver the former five (5) C-Band magnetron weather radars. The company is likely to provide its in-house METEOR 735C systems.


Further Report Findings-



  • In 2019, North America generated USD 82.8 million in terms of revenue backed by the increasing air travel. It is further surging the demand for new aircraft. The region is set to lead throughout the forthcoming years.

  • Asia Pacific is expected to be the fastest-growing region in the near future on account of the increasing expenditure by the governments of China and India on developing the infrastructure to safeguard aircraft from harsh climates.

  • Based on platform, the land-based segment is anticipated to generate significant weather radar market share in the coming years. This growth is attributable to the high demand for such systems from the military bases worldwide.


The global market can be segmented in the following way:














































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2017



Unit



  Value (USD Million)



By Platform




  • Airborne

  • Land-Based



By Component




  • Transmitter

  • Antenna

  • Receiver

  • Display



By Application




  • Meteorology & Hydrology

  • Aviation Industry

  • Military



By Geography




  • North America



    • By Platform

    • By Component

    • By Application

    • By Country

      • The U.S.

        • By Platform



      • Canada

        • By Platform







  • Europe

    • By Platform

    • By Component

    • By Application

    • By Country

      • The 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

    • By Component

    • By Application

    • By Country

      • China

        • By Platform



      • Japan

        • By Platform



      • India

        • By Platform



      • Australia

        • By Platform



      • Rest of Asia-Pacific

        • By Platform







  • Rest of the World

    • By Platform

    • By Component

    • By Application

    • By Country

      • Latin America

        • By Platform



      • The Middle East & Africa

        • By Platform








Global Weather Radar Market
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