The Avalanche Radar Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Avalanche Radar Global Market Report 2024, The avalanche radar market size has grown exponentially in recent years. It will grow from $2.23 billion in 2023 to $3.3 billion in 2024 at a compound annual growth rate (CAGR) of 48.1%. The growth in the historic period can be attributed to safety concerns, tourism industry growth, government initiatives, research and development, infrastructure development.
The avalanche radar market size is expected to see exponential growth in the next few years. It will grow to $14.19 billion in 2028 at a compound annual growth rate (CAGR) of 44.0%. The growth in the forecast period can be attributed to climate change impact, market expansion in developing regions, technological innovations, government investments, growing adventure tourism.. Major trends in the forecast period include expansion of avalanche monitoring networks, integration with geographic information systems (gis), focus on communication and alert systems, development of compact and portable systems, collaborations for research and innovation.
The increased defense funding is expected to propel the growth of the avalanche radar market going forward. Increased defense funding is when a government or organization allocates a larger budget or resources for defense-related purposes. Avalanche radars give early warning signals that help alert military personnel, defense installations, and government agencies about potential avalanches in advance, allowing them to take appropriate measures to ensure the safety of personnel and infrastructure. For instance, in May 2021, according to the U.S. Department of Defense, a US-based executive branch department of the federal government, the budget for the defense sector increased by 1.6% in the FY 2022 President’s Budget Request, rising from the FY 2021 enacted amount of $703.7 billion to $715 billion. Therefore, increased defense funding is driving the growth of the avalanche radar market.
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The avalanche radar market covered in this report is segmented –
1) Avalanche Radar Market By Type: Long Range, Short Range
2) Avalanche Radar Market By Component: Transmitter, Antennas, Receiver, Display
3) Avalanche Radar Market By End-User: Military And Defense, Government, Weather Monitoring
Top Major Players
The introduction of an avalanche radar is a key trend gaining popularity in the avalanche radar market. Companies operating in the avalanche radar market are introducing new avalanche radars to sustain their position in the market. For instance, in September 2022, the Indian Army and Defense Geoinformatics and Research Establishment (DGRE), an India-based agency providing intelligent solutions to the Armed Forces, jointly installed the avalanche monitoring radar in North Sikkim. This radar can detect an avalanche in less than three seconds by employing a sequence of short microwave pulses scattered at the target. The radar is an all-weather solution that covers a two sq/km area and can see through snow, fog, and nighttime conditions, eliminating the need to install additional instruments in risky avalanche-prone areas. Additionally, the radar’s capability to detect landslides further enhances its usefulness in assessing and mitigating multiple regional natural hazards.
The avalanche radar market report table of contents includes:
1. Executive Summary
2. Avalanche Radar Market Characteristics
3. Avalanche Radar Market Trends And Strategies
4. Avalanche Radar Market – Macro Economic Scenario
5. Global Avalanche Radar Market Size and Growth
…….
31. Global Avalanche Radar Market Competitive Benchmarking
32. Global Avalanche Radar Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Avalanche Radar Market
34. Avalanche Radar Market Future Outlook and Potential Analysis
35. Appendix
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