Weather radar, also known as meteorological radar,
is a type of radar specifically designed for meteorological detection. It uses
radio waves to detect and determine the direction, distance, and moving speed
of precipitation, clouds, and other meteorological targets, and is mainly used
for warning and forecasting typhoons, rainstorms, hail, and other disastrous
weather.
Segmented Market Analysis
According to the different installation methods,
weather radars can usually be divided into airborne weather radars and roadbed
weather radars. Among them,the airborne
weather radar segment occupies a larger market share.According to our
research data,the global airborne
weather radar segment market size was $597 million in 2023, with a market share
of 55.59%.
From downstream applications, the application of
weather radar involves fields such as meteorology and hydrology, aviation, and
military. Among them,the aviation
industry was the largest downstream application market, with a market share of
43.30% in 2023.
From the development situation of various regions,the Asia Pacific region is the largest
revenue market for global weather radar.According to our data, the size of
the weather radar market in the Asia Pacific region in 2023 was $341 million,
with a global market share of 31.78%.
Global Weather Radar Market Size and Share by Type, Application, and Region
in 2023
|
|
Market Size (Million USD)
|
Market Share
|
|
Segmented by Type
|
|
Airborne Weather Radar
|
597
|
55.59%
|
|
Land-based Weather Radar
|
477
|
44.41%
|
|
Segmented by Application
|
|
Meteorology & Hydrology
|
374
|
34.82%
|
|
Aviation
|
466
|
43.30%
|
|
Military
|
235
|
21.88%
|
|
Segmented by Region
|
|
North America
|
377
|
35.05%
|
|
Europe
|
268
|
24.92%
|
|
Asia Pacific
|
341
|
31.78%
|
|
South America
|
40
|
3.72%
|
|
Middle East & Africa
|
49
|
4.52%
|
Source: www.globalmarketmonitor.com
Overview of Market Development and Competitive Landscape
The frequent occurrence of global climate change and extreme weather events has brought an increasing demand for meteorological monitoring and early warning systems from governments and institutions around the world. In addition, the rapid development of industries such as aviation, navigation, agriculture, and energy has also put forward higher requirements for the accuracy and stability of weather radar systems. This has led to rapid development and transformation in the global weather radar market.
The data shows that the global weather radar market size reached $1074 million in 2023. In the coming years, with the advancement of technology, the accuracy and coverage of weather radar systems will continue to improve, making the acquisition and analysis of meteorological data more accurate and timely. This will bring huge growth potential to the global weather radar market. It is expected that by 2026, the global weather radar market size will increase to $1226 million.
From the perspective of market competition, the concentration of the global weather radar market is relatively high. Data shows that in 2023, the top 3 companies achieved a total revenue of $596 million in the weather radar market, with a total revenue share of 55.54%. The top three companies were Honeywell, Anhui Sun Create Electronics Co., Ltd., and China Electronic Technology Group Corporation (CETC). In 2023, these three companies accounted for 26.89%, 20.30%, and 8.35% of the global weather radar market revenue, respectively.
Global Weather Radar Market Size Forecast and Competitive Landscape Analysis
Source: www.globalmarketmonitor.com
Market Development Trend Analysis
Technological innovation: With the continuous development of artificial intelligence, big data and other technologies, weather radar systems will become more intelligent and refined. For example, analyzing and mining massive meteorological data through deep learning algorithms can more accurately predict weather changes and trends.
Global layout: With the continuous development of global trade, the global layout of the weather radar market will also become a trend. Through cross-border cooperation and technological exchange, we can promote the common progress and development of global weather radar technology.
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