June 18, 2024
Weather Radar Market

Weather Radar Market Is Estimated To Witness High Growth Owing To Rising Adoption In Meteorological Applications

Weather radar is an essential component used for weather monitoring across various meteorological applications. It operates by transmitting radio waves in the UHF/microwave bands and receiving the radio waves reflected by precipitation, producing a picture of the precipitation distribution in the atmosphere. Weather radars are capable of detecting rainfall, snowfall, hail, wind shear and clear air turbulence. They help meteorologists study and monitor changes in weather patterns and provide early warnings about severe storms and cyclones.

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 to 2031.

Key Takeaways

Key players operating in the weather radar are Menzel Elektromotoren GmbH, General Electric Company, ATB Austria Antriebstechnik AG, ABB Ltd., Fuji Electric Co. Ltd., Allen-Bradly Co. LLC (Rockwell Automation Inc.), Franklin Electric Co. Inc., Siemens AG, Maxon Motor AG, Amtek Inc., Nidec Corporation, Arc Systems Inc., Toshiba International Corporation, Johnson Electric Holdings Limited, and Emerson Electric Co. They dominate the market with their technologically advanced solutions and global presence.

Key opportunities in the market include increasing focus on integrating weather radars with other atmospheric sensors, UAVs and satellites to provide higher resolution data. This integration would enhance monitoring capabilities and aid in weather forecasting. There is also a notable rise in procurement of weather radar systems from developing economies in Asia Pacific and Latin America for modernizing their meteorological infrastructure.

Global expansion of the Weather Radars Market Demand is driven by growing investments and favourable policies by governments worldwide for establishing national weather services. Weather monitoring and forecasting plays a vital role in disaster management and mitigation. Thus, continuous service and system upgrades are undertaken to improve data interpretation and early warning dissemination. International collaborations also support knowledge exchange and multi-country projects.

Market Drivers

Rising adoption in meteorological applications is a major driver for the Weather Radar Market growth. Weather radars are crucial for tracking severe storms and cyclones, identifying areas at high risk of floods, flash floods and landslides. They assist in assessing damage potential from extreme weather events. This enables governments to issue timely alerts and advisories, helping minimize loss of lives and property damage. Their role in accomplishing weather observation networks outlined by the World Meteorological Organization further stimulates new radar procurement.

PEST Analysis

Political: Weather radar market growth is impacted by government regulations and policies related to safety, weather forecasting and environmental protection. Many countries have implemented strict monitoring of weather patterns to issue early warnings for natural disasters.

Economic: Rising global GDP and purchasing power have increased investments in advanced technologies for accurate weather forecasting and monitoring extreme weather events. This drives demand for weather radars in various industries.

Social: Growing public awareness about climate change is influencing the uptake of weather radars across applications. Their deployment helps analyse changing weather patterns and impacts of global warming. This allows communities to prepare for forecasted weather conditions.

Technological: Advancements in radar technology have improved detection capabilities with higher resolution scans and real-time data analysis. Dual polarization and phased array radar systems offer enhanced monitoring of precipitation types and intensities. Introduction of solid-state components is making radars more compact and affordable.

Geographical regions with high market concentration

The weather radar market in North America accounts for a significant share in terms of value, led by the strong presence of manufacturers and integration of these systems across various sectors in the US and Canada. Asia Pacific is emerging as another lucrative region with increasing demand from Japan, China and India due to heavy investments in modernization of weather forecasting infrastructure and coastal surveillance radar networks.

Fastest growing region

Asia Pacific region is poised to witness the fastest growth in the weather radar market during the forecast period. This can be attributed to the rising frequency and intensity of extreme climatic events due to global warming. Countries like China, India and Japan are expanding their radars networks with technologically advanced systems to strengthen disaster management capabilities. Ongoing coastal surveillance projects further propel the demand. Favorable government policies boost investments towards improving weather prediction accuracy in this high-potential region.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.