Research Nester published a report titled “Weather Radar Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global weather radar market in terms of market segmentation by installation, components, end-user, and by region.Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.The global weather radar market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 – 2030.
According to the data by the International Civil Aviation Organization, 4.397 billion people travelled through airways in 2019.The global weather radar market is projected to grow on the back of rising government concerns to reduce damage caused by bad weather conditions, such as, hurricanes, cyclones, storms, and floods, along with increasing incidences of weather disturbances.
Moreover, growing adoption of air travel is estimated to boost the market growth, as the aviation industry required weather radar to ensure safe flights.
In addition to this, the growing use of weather radars in military bases is estimated to boost the market growth.On the basis of geographical analysis, the global weather radar market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market in the North America is estimated to gain largest share over the forecast period on the back of increasing government expenditure on reducing damage to life and public property caused by natural calamities.
Moreover, growth of the aviation industry in the region, is estimated to boost the regional market growth.The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).