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Weather Radar Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™

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Weather Radar Market will exhibit a CAGR of 5.36% during the forecast period and reach USD 495.94 million by 2027,and the Market value as per 2019 was USD 663.45 million.

Fortune Business Insights™ in a new report, titled, “Weather Radar Market Size, Share & Industry Analysis, By Platform (Airborne Weather Radar, Land-Based Weather Radar), By Component (Transmitter, Antennas, Receiver, Display), By Application (Meteorology & Hydrology, Aviation Industry, Military), and Regional Forecast, 2020-2027.”

Weather Radar Market Drivers and Restraint:
Increasing Aircraft Deliveries to Accelerate Growth
There is a surging demand for airborne weather radars as they help in assisting the passengers, crew, and pilots regarding the weather conditions. This way, they can avoid entering in the harsh weather zones. Also, the increasing aircraft deliveries would drive the weather radar market growth in the near future. This would mainly occur on account of the improvements of economic conditions in various developing nations. It is, in turn, set to increase the demand for air travel. Reputed airliners are therefore looking for broadening their fleet. However, these radars are only capable of detecting the presence of liquid. This drawback may hinder growth.
List of Key Players Covered in the Weather Radar Market Report:
• Collins Aerospace, a Raytheon Technologies company (The U.S.)
• Honeywell International Inc. (The U.S.)
• EWR Radar Systems (The U.S.)
• Enterprise Electronics Corporation (Alabama, The U.S.)
• LEONARDO Germany GmbH (Germany)
• Beijing Minstar Radar Co., Ltd. (Beijing, China)
• Vaisala (Vantaa, Finland)
• GAMIC mbH (Aachen, Germany)
• FURUNO ELECTRIC CO., LTD. (Hyogo, Japan)
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/weather-radar-market-103522
Some of the key industry developments in the Weather Radar Market Include:
• March 2020: The U.S. Air Force awarded a contract to EWR Radar Systems, a provider of radar technology-based in Kirkwood. As per the contract, the company will deliver 22 portable Doppler weather radar systems. The contract is worth USD 20.7 million.
• June 2018: The Agency for Air Navigation Security in Africa and Madagascar gave a contract to Selex ES GmbH for providing five X-Band weather radar systems. They will soon be installed at five airports in Africa.
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