April 15, 2024
Weather Radar Market

Weather Radar Market Poised To Expand Rapidly With Significant Growth In Unmanned Aerial Systems By 2023

Weather radar, also known as weather surveillance radar, is an important technology used in meteorology to locate precipitation, calculate its motion, and estimate its type. It is mounted on fixed stations or mobile platforms, such as ships, aircraft and satellites, to observe atmospheric conditions from a distance. Weather radars send out pulses of microwave energy which illuminate atmospheric water and dust particles. The reflection of these pulses is detected, measured and used to infer the distance and size of particles, showing the location and movement of precipitation, along with other important meteorological data. Over the past few decades, weather radars have evolved significantly with technological innovations, enabling better spatial resolution and accuracy as well as additional modes like dual polarization. They are now playing a critical role in weather forecasting and severe storm tracking to issue timely warnings.

The global Weather Radar Market is estimated to be valued at US$ 136.28 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

Rising Demand for Unmanned Aerial Systems (one driver referred from heading): The growing adoption of unmanned aerial systems or drones is expected to boost demand for miniaturized weather radars in the coming years. UAS integrated with miniature weather radars can acquire critical meteorological data from hard to reach areas to support weather forecasting and disaster management operations. They offer distinct advantages over conventional manned aircraft like lower operational costs and ability to perform tasks in hazardous conditions. As UAS adoption gains momentum across industries, weather radar manufacturers are developing specialized compact sensors customized for drones.

Growing Investments in Meteorological Infrastructure (additional driver): Meteorological organizations globally are investing substantial amounts in modernizing and expanding their weather observation networks. This includes upgrading existing radar systems, deploying new generation dual polarization radars as well as establishing additional radar stations especially in data scarce regions. Favorable regulations and funding schemes by governments and international bodies are encouraging such initiatives to enhance weather monitoring capabilities and forecast accuracy.

Segment Analysis

The weather radar market is segmented into dual polarization, single polarization and Doppler. The dual polarization segment dominates the market and accounts for over 60% share. Dual polarization radars provide higher resolution images with distinction between rain, snow, hail and other particles. They have become a standard now for weather monitoring agencies owing to enhanced detection capabilities.

PEST Analysis

Political: Governments across the world are increasingly investing in advanced weather monitoring systems to study climate change impact and improve forecasting accuracy of extreme weather events. This is driving demand for weather radars.
Economic: Growth in air travel and shipping industries necessitates accurate weather forecasting. Emerging economies are also investing in national weather agencies to boost preparedness against natural disasters.
Social: Increased public awareness about climate change is prompting governments to invest more in monitoring infrastructure. Social media further raises concerns around weather events.
Technological: Advancements in solid-state transmitter technology, dual polarization, Doppler capabilities and integrated digital signal processing have enhanced weather radar functionalities. Strategic partnerships promote continuous innovation.

Key Takeaways

The global weather radar market is expected to witness high growth. The global Weather Radar Market is estimated to be valued at US$ 136.28 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023-2030.

Regional analysis related content comprises The North America region currently dominates the market owing to high replacement demand and investments by agencies like NOAA and NASA. The Asia Pacific region is expected to grow at the fastest pace during the forecast period led by countries like China, India and Vietnam ramping up investments in weather monitoring.

Key players related content comprises Key players operating in the weather radar market are Diageo PLC, Bacardi Ltd, Asahi Group Holdings Ltd, Pernod Ricard SA, and Suntory Beverage & Food Ltd, among others. Diageo and Bacardi have significant market share in the premium spirits category.

Key players are focusing on product innovations through R&D and integrating latest technologies like AI and machine learning for advanced applications. Partnerships with technology companies are also driving new product development activities.

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