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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.
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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:
A Significant Industry Development-
Further Report Findings-
The global market can be segmented in the following way:
Value (USD Million)