Weather radar, also known as weather surveillance radar, is an essential tool used extensively for weather monitoring applications such as detection of precipitation, wind shear, storms, and clear air turbulence. Weather radars are used across diverse industries such as aviation, marine, renewable energy, and agriculture for weather forecasting and monitoring purposes. With growing concerns of climate change and extreme weather events, demand for effective weather monitoring systems has increased significantly. In addition, rising adoption of weather radars in new application areas such as airspace management and renewable energy generation resource planning is expected to drive the global weather radar market during the forecast period.
The global weather radar market is estimated to be valued at US$ 157 million in 2024 and is expected to exhibit a CAGR of 3.5% over the forecast period from 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increasing Demand for Weather Monitoring Systems
As mentioned in the heading, demand for effective weather monitoring systems has increased in recent years due to growing concerns of climate change. Weather radars play a vital role in weather monitoring applications and are extensively used across various industries. Growing deployment of weather radars in new sectors such as renewable energy and aviation is expected to propel the weather radar market growth over the forecast period.
Rising Adoption in Renewable Energy Generation Resource Planning
Weather radars are increasingly finding adoption in renewable energy generation resource planning applications. Precise weather monitoring enables efficient renewable energy generation planning by analyzing weather patterns. Weather radars help in detecting wind shear, clear air turbulence, and other weather changes that influence renewable energy generation. This growing adoption of weather radars in the renewable energy industry is expected to provide lucrative opportunities for market growth during the forecast period.
Segment Analysis
Weather radar market is dominated by S-band sub segment with over 55% share of the total market. S-band radars offer high accuracy detection of precipitation, rain quantity measurement as well as hail and wind shear detection which have made them widely used for meteorological applications. C-band sub segment holds around 25% share and remains the second largest segment. While X-band radars have around 15% share, they are preferred for short range urban applications owing to wider beam and accurate readings. K-band weather radars have low market share currently.
PEST Analysis
Political: Weather radars play a crucial role in weather forecasting and monitoring natural disasters. Favorable policies by governments worldwide to strengthen weather monitoring infrastructure will boost adoption.
Economic: Growing GDP levels, increasing natural calamities and changing weather patterns have prioritized meteorological investments. This will fuel weather radar procurement for applications across aviation, maritime and meteorology.
Social: With climate change impacts, societies are seeking accurate weather insights for preparedness. This is raising radar usage in applications involving public safety, disaster management and agriculture.
Technological: Advanced signal processing, dual polarization and phased array technology are enhancing weather radar resolution and detection range. Integrations with IoT and AI are improving data analytics for hyperlocal weather insights.
Key Takeaways
The Global Weather Radar Market Size is expected to witness high growth over the forecast period. The global weather radar market is estimated to be valued at US$ 157 million in 2024 and is expected to exhibit a CAGR of 3.5% over the forecast period from 2024 to 2031.
Regional analysis: North America holds the largest share currently owing to high expenditure on meteorological infrastructure by countries like the US and Canada. Asia Pacific is expected to witness fastest growth led by increasing radar procurements in countries like India, China and Japan.
Key players: Key players operating in the weather radar market are Honeywell International Inc., EWR Weather Radar, Selex ES GmbH, Beijing Metstar Radar Co., Ltd., Vaisala, GAMIC and Cobham plc. Growing demand is encouraging new product launches and capacity expansions by these players.
