Rising aviation weather RADAR market, driven by the rising air traffic to increase product demand and deliver improved services while ensuring the safety of aircraft and passengers, is expected to drive market expansion in the near future at a CAGR of 4.63% during the forecast period 2023 to 2032.
Market Research Future (MRFR) has published a cooked research report on the “Global Aviation Weather RADAR Market” that contains information from 2018 to 2032. The Aviation Weather RADAR market is estimated to register a CAGR of 4.63% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Aviation Weather RADAR market— SKYDIO Inc., DSLRPros, L3Harris Technologies Inc., DJI, Elistair, Guangzhou Walkera Technology Co. Ltd., Dronefly Amplified, Yuneec Holding Ltd., Company, Vimal Fire, Lockheed Corporation, BSS Holland B.V, Draganfly Inc., EHang, AeroVironment Inc., Teledyne Technologies Incorporated.
Aviation Weather RADAR Market Highlights
The global Aviation Weather RADAR market is accounted to register a CAGR of 4.63% during the forecast period. It is estimated to reach USD 0.30 billion by 2032.
The rising air traffic to increase the product demand and rising demand for weather RADAR in the military and defense sector are driving the market growth. The increasing technical challenges and high installation and maintenance costs are restraining the market. Additionally, the rising geographical presence, product innovations and technological advancements are anticipated to spur the use of Aviation Weather RADAR, which is expected to promote the growth of the global Aviation Weather RADAR market.
Segment Analysis
The global Aviation Weather RADAR market has been segmented based on type, application, and end-user.
On the basis of type, the market is segmented into doppler weather radar and wind profiler. The doppler weather radar segment was attributed to holding the largest market share in 2022 due to its features of forecasting velocity and direction of rain, hail, snow, and other types of precipitation.
Based on application, the global Aviation Weather RADAR market has been segmented into commercial aviation, military aviation, and general aviation. The military aviation segment was expected to hold the largest market share in 2022 due to increasing geopolitical tensions worldwide and rising demand for aircraft in this sector.
Based on end-users, the global Aviation Weather RADAR market has been segmented into airports and aircraft. The aircraft segment was expected to hold the largest market share in 2022 due to the rising demand for improved situational awareness and safety in the aviation sector.
Regional Analysis
The global Aviation Weather RADAR market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Aviation Weather RADAR market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Aviation Weather RADAR market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Aviation Weather RADAR market comprises the Middle East, Africa, and Latin America.
The largest market share for Aviation Weather RADAR was maintained by the North American regional sector. The increasing demand for military and commercial aircraft. Additional factors promoting market growth include an increased need for enhanced situational awareness and safety in the area. The implementation of stringent rules, the government initiatives focused on decreasing loss of lives and damage to property, and the considerable presence of significant technology providers and major production companies all have an impact on the US market.
Moreover, the European market has been persistently growing over the forecast period. The rising demand for enhanced situational awareness and safety in aviation for commercial, military, and civilian operators in the region drives the need for Aviation Weather RADAR. The market expansion is supported by an upsurge in the deployment of advanced technology as a result of a rise in demand for aviation weather radar products.
Additionally, due to the increasing emphasis on aircraft weather radar systems from commercial, military, and civilian operators and government support, Asia Pacific is anticipated to experience the quickest growth over the forecast period. For instance, in January 2022, China is undergoing a new round of airport construction and development projects. The expansion of airport infrastructure in the Asia-Pacific, together with airline fleet acquisition plans, are also contributing to an increase in the purchase of commercial aviation radars by airports and airlines.
Furthermore, the rest of the world's Aviation Weather RADAR market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of technological readiness and development. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global Aviation Weather RADAR market is expected to reach USD 0.30 billion by 2032, at a CAGR of 4.63% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market owing to the growing demand for aircraft weather radar systems from military, civilian, and commercial operators in the area.
- Based on application, the military aviation segment was attributed to holding the largest market in 2022.
- Vaisala, Garmin Ltd., Collins Aerospace (United Technologies Corporation), Telephonics, EWR Weather Radar, Honeywell International Inc., Rockwell Collins, L3Harris Technologies Inc., Leonardo SpA, Selex ES GmbH.
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Base Year | 2022 |
Companies Covered | 15 |
Pages | 128 |
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