Global Weather Radar Market Size, Forecast, and Trend Highlights Over 2025-2037
Weather Radar Market size was valued at USD 3.7 billion in 2024 and is projected to reach USD 7.8 billion by the end of 2037, rising at a CAGR of 6.5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of weather radar is estimated at USD 3.3 billion.
The market’s expansion can be mapped by the GDP growth and technology adoption curves. In 2024, the World Bank estimated that global GDP grew by 3%. The increase of GDP is intrinsically connected with the rising demand for advanced weather radar systems across varied sectors such as meteorology, aviation, and defense. Moreover, in 2024, FAA approved phased array radars for the use in U.S. airports, boding well for the greater adoption across commercial sectors.
An estimate over the next decade is that the price of components will reduce influenced by the radar manufacturers scaling up production and the economies of scale maturing. A 5% price reduction in radar systems is forecasted by FAA by the end of 2027, aligning the greater adoption of automation in manufacturing. To map the economic course of the market, the capex allocation of major players has been analyzed below:
|
Company |
2024 CapEx ($B) |
CapEx/Revenue (%) |
YoY Change (%) |
Primary Investment Focus |
|
Lockheed Martin |
1.8 |
5.6% |
+3.1% |
Advanced Radar Technologies |
|
Raytheon Technologies |
2.3 |
7.1% |
+4.2% |
Phased Array Radars |
|
L3Harris Technologies |
1.6 |
6.3% |
+2.6% |
IoT-enabled Radar Systems |
|
Honeywell International |
1.4 |
5% |
+3.2% |
Meteorological Radar Solutions |
|
Thales Group |
1.1 |
6.7% |
+3.9% |
Maritime Radar Systems |
The capital expenditure trends highlight that leading companies are focusing on the advent of next-generation radar technologies, especially those of phased array systems. Companies in the market are balancing long-term investments in innovation with a steady capital efficiency to expand revenue shares in the competitive market. A convergence of multiple factors has ensured that the market will maintain its growth throughout the forecast timeline.
Weather Radar Sector: Growth Drivers and Challenges
Growth Drivers
- The rising frequencies of extreme weather events: The frequency extreme weather events have escalated manifolds. These events have created a sustained demand for weather prediction systems with improved accuracy to mitigate large-scale damages. As per the World Meteorological Organization (WMO), the economic losses to weather-related disasters were estimated at over USD 219 billion in 2023. Additionally, the WMO has stated that the frequency of disasters has expanded by over 30% in the previous decade, with forecast stating that the current decade will have face a greater percentage of weather-associated disasters. These trends are expected to create a sustained demand for weather radar systems in the public as well as private sector.
- Technological advancements in radar systems: The global weather radar market benefits from the technological advancements in the radar systems. Improvements bolstering the real-time analytics as well as the predictive monitoring capabilities improves estimation of outcomes, which in turn supports greater adoption. The development of phased array radar systems is a significant technological advancement, as it offers heightened tracking capabilities. Moreover, the successful deployment of the S-band phased array radars in the U.S. (2024) is poised to replace the aging weather radar systems, and the improved use cases of the new systems is poised to usher in greater demand throughout the forecast timeline.
Sustainability Trends in the Weather Radar Market
The proliferation of ESG mandates have impacted the market. With growing regulatory pressure, key players across the market are embracing sustainability initiatives. A significant initiative has been to reduce carbon footprints whilst investing in renewable energy solutions. The trends have created rife opportunities for the proliferation of energy-efficient weather radar systems. The table below highlights the impact of sustainability initiatives on the major players in the market:
|
Company |
Sustainability Initiatives |
Goals & Vision (2030) |
Impact on Business |
|
Raytheon Technologies |
Transitioned 40% of global energy usage to renewables by 2022. |
Achieve 100% renewable energy use by 2030. |
Improved brand image; increased contract wins in government sectors. |
|
Lockheed Martin |
Reduced carbon emissions by 26% in 2023 through energy-efficient radar systems |
Achieve net-zero emissions by 2035. |
Cost savings from energy efficiency; enhanced corporate reputation. |
|
Thales Group |
Reduced industrial waste by 17% through a circular economy program focused on recycling radar components. |
Achieve zero waste to landfill by 2030. |
Lower operational costs and improved sustainability ratings. |
Price History Analysis of Weather Radar Solutions
Over the past five years (2020-2024), the pricing of weather radar systems has been influenced by multiple factors. A few of these factors are the regional demand shifts, and the integration AI and cloud computing. In North America, the prices experienced a slight decrease, in Europe there was a greater reduction of prices, and in APAC, there was an expansion in the prices during the period of analysis. The table below highlights the key changes in the price structures and the driving forces behind them regionally.
|
Region |
Average Price (USD) |
Annual Fluctuation (%) |
Technological Influence |
|
North America |
2020: $100, 2024: $80 |
-5.2% annually |
AI adoption reduced production costs. |
|
Europe |
2021: $90, 2023: $81 |
-10.3% over 2 years |
Cloud computing and AI reduced operational costs. |
|
Asia |
2022: $110, 2024: $126 |
+15.1% over 2 years |
5G infrastructure demand and high-speed data processing. |
Challenges
- High capital investment and long ROI cycles: A challenge faced by the firms in the global market is the rising costs in the manufacturing as well as maintenance of next-generation radar systems. Market estimates highlight that the average cost of an advanced radar system can range from USD 1 million to 5 million. Moreover, despite the costs, the ROI cycle is extensive which can cause impediments in the sustenance of SMEs. The prolonged ROI cycle also poses market entry barriers.
Weather Radar Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.5% |
|
Base Year Market Size (2024) |
USD 3.7 billion |
|
Forecast Year Market Size (2037) |
USD 7.8 billion |
|
Regional Scope |
|
Weather Radar Segmentation
Type (Phased Array Radar, Doppler Radar, S-band Radar, X-band Radar)
The phased array radar segment in weather radar market is poised to account for a leading revenue share of 30.7% during the anticipated timeline. Unlike traditional radar systems reliant on rotating antennas, phased array radars use small antennas that are electronically steered, which provides considerable advantages in weather monitoring. Moreover, the advanced radar technology is experiencing heightened demand in defense applications due to its ability to track multiple targets simultaneously. The massive scope of application in weather monitoring and national defense makes the segment lucrative.
End user (Aviation, Defense, Meteorological Stations, Marine)
The aviation sector is expected to account for a 28.6% revenue share by the end of 2037. The rising demand from commercial flights for weather radar systems to navigate adverse conditions is a major factor contributing to the opportunities in the segment. Due to the rapid increase in global air traffic, the calls to retrofit advanced radar systems in aircrafts have risen. With the aviation sector being highly competitive and operator seeking to expand revenue share, the calls for safer aircrafts is poised to ensure sustained opportunities within the segment.
Our in-depth analysis of the global weather radar market includes the following segments:
|
Type |
|
|
End user |
|
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Customize this ReportWeather Radar Industry - Regional Scope
North America Market Forecast
The North America weather radar market is slated to account for a leading revenue share of 35.4% throughout the forecast timeline. The regional market’s growth is supported by the robust demand across multiple sectors such as aviation, defense, and meteorological stations. The regional market benefits from high-tech defense budgets, led by the U.S., and the demand for advanced weather forecasting systems. Additionally, North America has experienced a greater percentage of cyclones and hurricanes in the current decade, which has impacted the demand curve for advanced radar system favorably.
The U.S. market is predicted to maintain its leading revenue share in North America. The U.S. market’s growth is supported by the surging demand of advanced radar components in defense applications along with heightened usage in airports and commercial aircrafts. Moreover, the U.S. boasts a robust meteorological infrastructure, that utilizes phased array radar tech, contributing to the sustained growth potential of the market.
Asia Pacific Market Forecast
The APAC weather radar market is projected to maintain the largest CAGR at 9.6% throughout the forecast period. The regional market’s lucrative expansion and opportunities can be attributed to the technological advancements in radar systems. The demand for weather radar tech has exhibited a sharp spike, particularly in the aviation and meteorological sectors. Opportunities are rife in economies that face regular weather-related upheavals such as Japan and China. Additionally, notable economies in APAC have invested in formulating disaster response strategies, which bodes well for the application potential of the weather radar systems. The table below highlights major investments in disaster preparedness within APAC.
|
Country |
Investment Area |
Investment Amount |
Year |
|
Japan |
Disaster Preparedness & Response Infrastructure |
¥100.3 billion ($760.2M USD) |
2024 |
|
India |
Disaster Relief & Response Technology Development |
₹2,000 crores ($240M USD) |
2023 |
|
South Korea |
Flood Control & Disaster Management Systems |
â‚©150 billion ($115M USD) |
2024 |
|
Australia |
Cyclone Forecasting and Early Warning System |
AUD 75 million ($47M USD) |
2023 |
|
Philippines |
Disaster Management Systems & Technology |
₱5 billion ($90M USD) |
2023 |
The China market is projected to register a leading share in APAC. The market’s growth is driven by the rapid modernization of radar technology, benefiting application potential in meteorological, defense, and aviation sectors. Due to a technologically mature ecosystem and an urgent requirement to combat extreme weather events, the demand for weather radar system with improved monitoring capabilities has risen. Additionally, with China easing market entry, foreign players have a greater opportunity to supply advanced radar tech. For instance, as of 2024, foreign firms such as Thales and Lockheed Martin have found it feasible to expand their market presence.
Companies Dominating the Weather Radar Landscape
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The global weather radar market is experiencing moderate growth and is anticipated to mature by the end of 2037. The market remains competitive, due to the evolving requirements of end users, and a greater demand for improved weather forecasting capabilities. Opportunities remain rife in the increased integration of AI driven algorithms to the radar systems to proactively predict adverse conditions. The table below highlights the major players of the global market:
|
Company Name |
Country |
Revenue Share (2024) |
|
Lockheed Martin Corporation |
USA |
18.6% |
|
Honeywell International Inc. |
USA |
14.4% |
|
Thales Group |
France |
12.7% |
|
Mitsubishi Electric Corporation |
Japan |
10.9% |
|
Saab AB |
Sweden |
9.5% |
|
Rockwell Collins (Collins Aerospace) |
USA |
xx% |
|
Furuno Electric Co., Ltd. |
Japan |
xx% |
|
Raytheon Technologies Corporation |
USA |
xx% |
|
Vaisala Oyj |
Finland |
xx% |
|
Indra Sistemas, S.A. |
Spain |
xx% |
|
Kongsberg Gruppen ASA |
Norway |
xx% |
|
Selex ES (Leonardo Group) |
Italy |
xx% |
|
NavCom Technology, Inc. |
USA |
xx% |
|
ST Electronics (ST Engineering) |
Singapore |
xx% |
|
Airmar Technology Corp. |
USA |
xx% |
Below are the areas covered for each company that is a key player in the weather radar market:
In the News
- In June 2024, Vaisala announced the launch of a next-generation Doppler Radar System. The new solutions are designed to considerably improve the forecasting of environmental hazards.
- In March 2024, Honeywell announced the introduction of RDR-7000 radar system. The new radar system is slated for end use in commercial and military applications.
Author Credits: Abhishek Verma
- Report ID: 3413
- Published Date: Jun 04, 2025
- Report Format: PDF, PPT
