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| Weather Radar Market |
Weather radars are essential systems used for weather monitoring and prediction. They capture vital meteorological parameters like precipitation type, intensity, and distribution. Weather radars effectively detect various types of precipitation, including rain, snow, hail, and analyze incoming storms. They provide crucial information to forecasters and emergency management teams to issue timely warnings. Weather radars help predict hazardous weather conditions, which allows for better preparation and mitigation of risks to human life and property.
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 key trends:
The enhanced capability of weather radars to accurately predict evolving
weather patterns has been a key market trend. Advanced dual polarization
weather radars can distinguish types of precipitation like rain, snow, and
hail. They have dual transmitters that emit horizontal and vertical
electromagnetic waves. This dual transmission and reception of signals provides
comprehensive data on size, shape, and motion of hydrometeors. The extra parameters
obtained via dual polarization help meteorologists analyze storm dynamics in
greater detail. It has significantly improved forecast leads for severe weather
events. The higher resolution scans enabled by new dual polarization radars are
revolutionizing very short-range forecasting and warning capabilities.
Segment Analysis
The global weather radar market is dominated by S-band radars that accounted
for over 30% share in 2023. S-band radars operate in the 2-4 GHz band of the
electromagnetic spectrum and offer all-weather surveillance capability with
high sensitivity. They are preferred for detecting light precipitation and are
useful in monitoring convection initiation and evolution. X-band radars held
the second largest share and are suitable for detecting heavy precipitation
over long ranges. C-band radars find application in medium-scale meteorological
observation networks. Recent technological advancements are expanding the
capabilities ofweather radar systems withdual-polarization, phased array scanning
and other technologies.
Key Takeaways
The global Weather
Radar Market is expected to witness high growth over the
forecast period of 2023 to 2030. 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.
Regional
analysis shows that Asia Pacific emerged as the fastest growing as well as
dominating regional market in 2023. The growth can be attributed to increasing
investments by various governments in developing advanced weather monitoring
infrastructure and fulfilling their metrological organizations' radar network
expansion plans.
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 PLC maintains its leadership position with its
comprehensive portfolio of S-band, C-band and X-band radar solutions for
meteorological and hydrological applications.
Bacardi Ltd has a strong foothold in the America region with its defense and
surveillance radars catering to the demands from national weather service
agencies. Asahi Group Holdings Ltd dominates the Japanese weather radar market
and is expanding its footprint in other Asian countries. Pernod Ricard SA
provides customized radar systems and services to European national
meteorological services and airports. Suntory Beverage & Food Ltd
collaborates with research institutes to develop new dual-polarization scanning
radar technologies.
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