by Weather radars have become an integral part of aviation and transportation industries due to their ability to accurately detect and measure precipitation, winds, and weather systems. Weather radars use pulsed radio waves in the microwave spectrum for detection of moisture and precipitation within atmospheric conditions. They are effective tools for observing small-scale weather features and processes across long distances, allowing meteorologists to track storms and forecast weather conditions.
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 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Weather radars provide critical situational awareness to pilots by detecting storms, radar echoes, and hazards along aircraft flight paths. They help air traffic control direct planes around areas of adverse weather and ensure smooth and safe operations. With steady growth in passenger and cargo air traffic worldwide, demand for weather radars from aviation industries continues to rise. In addition, weather radars are finding increasing application in military, oil & gas, renewable energy, and other sectors to monitor changing weather patterns and support decision making. The need for timely and accurate weather information across various industries to minimize hazards and risks drives the global weather radar market.
Market key trends:
One of the major trends witnessed in the weather radar market is technological advancements focused on improving efficiency and accuracy. Ongoing research aims to develop dual-polarization weather radars that transmit radio waves with both horizontal and vertical polarization. This dual-polarization capability provides additional radar signatures of meteorological targets like raindrops, hail, and debris which improves quantitative precipitation estimation. Manufacturers are also introducing compact Doppler weather radars with higher resolution scanning abilities for specialized applications. Furthermore, integration of weather radars with advanced software, artificial intelligence, and Internet of Things is expected to revolutionize weather monitoring and forecasting over the forecast period.
Porter’s Analysis
Threat of new entrants: Low barrier to entry and requirement moderate capital limit threat of new entrants.
Bargaining power of buyers: Large number of existing weather radar players and product differentiation limits bargaining power of buyers.
Bargaining power of suppliers: Essential components are available from multiple suppliers reducing suppliers bargaining power.
Threat of new substitutes: No viable substitutes exist reducing threat from substitutes.
Competitive rivalry: Market dominated by few international players increasing competitive rivalry.
Key Takeaways
The Global Weather Radar Market Size is expected to witness high growth. 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 2024-2031.
Regional analysis focuses on North America dominating with over 35% share followed by APAC. Growing adoption of weather radars for defense and commercial applications will drive APAC market.
Key players operating in the Weather Radar Market are Menzel Elektronic, EWR Weather Radars, Gill Instruments, Selex ES GmbH and Honeywell. The Weather Radar Market is consolidated with top 5 players holding over 50% share.
