Market Is Estimated To Witness High Growth Owing To Increasing Meteorological Applications And Technological Advancements In Weather Radar Systems

 
Weather Radar Market

The Weather Radar Market is estimated to be valued at US$ 117.29 million in 2023 and is expected to exhibit a CAGR of 19.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Weather radar, also known as weather surveillance radar (WSR), is a type of radar used by meteorologists to locate precipitation, calculate its motion, and estimate its type (rain, snow, hail etc.). Modern weather radars are mostly pulse-Doppler radars that can detect the motion of raindrops in addition to the intensity of the precipitation. They are used for both research and operational applications, including monitoring current weather conditions, tracking the progress and behavior of storms, and modeling their development.

Market Dynamics:
The growth of the weather radar market is majorly driven by increasing meteorological applications of weather radar systems. Weather radars help in getting critical weather data about approaching storms, which aids in issuing timely weather warnings and forecasts. They play a vital role in monitoring natural disasters like hurricanes, cyclones, floods etc. Technological advancements are also fueling the market growth. Manufacturers are developing sophisticated dual polarization and phased array weather radars with improved accuracy, coverage, and ability to detect different types of hydrometeors. These advanced systems provide higher resolution scans to detect hazardous weather phenomena like tornadoes and hail more precisely.

SWOT Analysis

Strength: Weather radar technology has significantly advanced over the past years allowing for more accurate weather monitoring and forecasting. The growing need for enhanced situational awareness during extreme weather events also strengthens the market. Furthermore, rising deployment of weather radars at airports boosts market growth.

Weakness: High maintenance and installation costs of weather radars pose major challenges. Additionally, technological limitations can restrict the range and detection capability of some radars.

Opportunity: Increasing investments by governments worldwide in modernizing national weather monitoring networks present lucrative opportunities. There is also scope for upgrading older radar systems. Further, the market is expected to gain from the rising adoption of dual-polarization technology.

Threats: Lack of trained professionals to operate sophisticated weather radars can hamper operations. Additionally, budget constraints of some nations may limit radar procurement.

Key Takeaways

The Global Weather Radar Market is expected to witness high growth, exhibiting CAGR of 19.9% over the forecast period, due to increasing investments in weather monitoring infrastructure by governments worldwide.

Regional analysis: North America dominates the weather radar market, accounting for over 30% share, due to large-scale installations across the US, Canada and Mexico for civilian and military uses. Asia Pacific exhibits the fastest growth on account of ongoing meteorological modernization programs in major countries like China and India.

Key players analysis: Key players operating in the weather radar market are Furuno Electric Co., Ltd, EWR Weather Radar, Honeywell International Inc, Selex ES Gmbh, Beijing Metstar Radar Corporation Ltd., Vaisala, Garmin International Ltd, Glarun Technology Co, Ltd., AERODATA, Inc, and Anhui Sun Create Electronics Co. Ltd. Industry leaders are focusing on product launches and partnerships to strengthen their positions.

Read More - https://www.dailyprbulletin.com/weather-radar-market-poised-to-register-rapid-growth-with-increasing-investment-in-weather-forecasting-infrastructure-outlook/

 

Comments

Post a Comment

Popular posts from this blog

Optical Transport Network Market Is Estimated To Witness High Growth Owing To Opportunity In Deployment Of 400G Systems

Image
Optical Transport Network Market  Optical transport network (OTN) refers to the transport of data, voice and video traffic over long distances using optical technologies. OTN solutions facilitate transmission bandwidth rates ranging from 10Gbit/s to over 100Gbit/s over existing fiber infrastructure. They deploy advanced multiplexing techniques such as dense wave division multiplexing (DWDM) and time-division multiplexing (TDM) that boost transmission and switching capabilities. OTN solutions deliver reduced latency and enhanced reliability for meeting rising bandwidth demands. The global Optical Transport Network Market is estimated to be valued at US$ 22.32 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The rising deployment of 400G networks across internet data centers and telecom backbones is estimated to present lucrative growth opportuniti...
Read more

Ostomy Care Accessories Market Is Estimated To Witness High Growth Owing To Opportunity In Improving Patient Lifestyles

Image
Ostomy Care Accessories Market Ostomy accessories are medical devices used along with an ostomy appliance or pouching system to help improve the quality of life of people who have had ostomy surgery. Some common ostomy accessories include belt or pants/undergarment clips, skin barriers, moisture-collecting bags, adhesive removers, and protecting sheets. The growing number of patients suffering from inflammatory bowel disease, colorectal cancer, and other gastrointestinal disorders have resulted in increasing demand for ostomy care accessories. These accessories play a crucial role in providing security, discretion, and comfort to ostomates while performing regular activities. The global Ostomy Care Accessories Market is estimated to be valued at US$ 3.69 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Improving patient lifestyles is one of the major...
Read more

Schmallenberg Virus Treatment Is Estimated To Witness High Growth Owing To Opportunity Of Development Of New Drugs And Vaccines

Image
Schmallenberg Virus Treatment Market Schmallenberg virus (SBV) is an orthobunyavirus that affects domestic and wild ruminants such as cattle, sheep and goats. The virus causes fever, diarrhea and decreased milk production in adult animals. In newborn animals, the virus can lead to arthrogryposis-hydranencephaly syndrome, which causes malformations of the limbs and heads. While there is currently no treatment for SBV infection, supportive treatment measures such as nutritional supplements can help address symptoms such as diarrhea and reduced milk production. Researchers are developing preventive drugs and vaccines to control the spread of the virus. The global Schmallenberg Virus Treatment Market is estimated to be valued at US$ 110 Mn in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The key opportunity for growth in the Schmallenberg virus treatment marke...
Read more