Global Weather Radar Market to Grow Gradually; Greater Financial Support for R&D Activities and Rising Adoption of Cutting-edge Technologies to Spur Market Growth

The global weather radar market size is estimated to display strong growth by reaching USD 486 million by 2030. Fortune Business Insights™ in its report titled “Weather Radar Market Size, Share & COVID-19 Impact Analysis, By Platform (Airborne and Land-Based), By Component (Transmitter, Antenna, Receiver, Display, and Others), By Frequency (C-Band, S-Band, X-Band, and Others), By Application (Meteorology & Hydrology, Aviation Industry, and Military), and Regional Forecast, 2023-2030” observes that the market size in 2022 stood at USD 117.29 million and is expected to reach USD 136.28 million in 2023. The market is expected to witness a strong CAGR of 19.9% during 2023-2030 due to the growing usage of AI and ML algorithms to provide more accurate and reliable weather forecasts and warnings.

Ontic Engineering & Manufacturing Inc., comes into Acquisition for supporting Business Operations 

For the RDR4A/B Weather Surveillance Radar Systems, a U.S.-based manufacturer and distributer of air transportation equipment and supplies, Ontic Engineering & Manufacturing Inc., signed an exclusive license agreement with Honeywell for optimization of the business operations by adopting various strategies.

Disruption in the Supply Chain Operations Obstructed the Market Growth

The fallouts of the COVID-19 pandemic has had a telling impact on the global weather radar market growth. The border closures, supply chain disruptions, and raw material procurement hindrances due to stringent lockdowns and curfews affected the demand for the product. Declined revenues and profit margins due to closed production plants worsened the situation. However, key players implemented cloud-based solutions to reduce risks of infection spread and continue their operations.

Growing Need for Weather Radars Systems to Foster Industry Growth

To support weather forecasting and warning systems, military operations, and disaster management, the governments of several nations are investing in the deployment of weather surveillance radars. The growing need for weather radar systems to assist and accurately predicting severe weather conditions to provide public safety and supporting local economies will likely fuel market progress. To ensure safe and efficient air travel, radars are also widely implemented in the aviation industry, which has surged the demand for the product. All such factors are likely to contribute to the growth of the product during the forecast period. Meanwhile, high maintenance costs associated with such equipment are poised to limit the industry’s progress during the forthcoming years.

Key Players Have Been Investing and Developing Advanced New Technologies

Prominent companies such as Honeywell International Inc., EWR Radar Systems Inc., Enterprise Electronics Corporation, LEONARDO Germany GmbH, Collins Aerospace, and others are operating in the market for weather radar devise acquisition strategies to boost their brand image. For instance, LEONARDO Germany GmbH, in March 2021, signed multiple contracts to supply weather surveillance radars in regions including the Asia-Pacific, Europe and Middle East, and Americas. By launching SKIRON3D®, a state-of-the-art Doppler lidar system that can detect hazardous wind-based phenomena and measure winds. Furthermore, company’s partnerships, acquisitions, product launches, collaborations, devise mergers, and other strategies to boost their market position globally.

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Key Industry Development

• July 2021: GAMIC, a Germany-based radar system manufacturing company, joined hands with Enterprise Electronics Corporation (EEC) to explore more solutions for weather surveillance radar projects in Europe with an aim to specialize in radar hardware and software services.

List of Key Companies Profiled in the Market Report:

•          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.)

Further Report Findings

• The market in North America stood at USD 37.84 million in 2022 and captured the maximum part of the global weather radar market share. The dominance is attributed to the increasing demand for commercial and military aircraft.


• The market in Asia Pacific holds the second largest share in the market and is also set to be the fastest growing region in the market for weather radar during the forecast period. This is due to increase in the number of research activities in the hydrology and meteorology sectors to predict the climate conditions.   

• Europe is expected to have a significant CAGR owing to the surging demand for weather surveillance radar systems to provide real-time information about weather conditions.

Global Weather Radar Market Scope