Global revenue for Weather Radar is expected to generate revenue of $ 209.74 million by end of 2025
Published Date: 2018/12/12
Global revenue for Weather Radar was valued at $ 164.09 million in 2017, and is expected to generate revenue of $ 209.74 million by end of 2025, growing at a CAGR of slightly above 3.12 % between 2017 and 2025. In terms of volume, global weather radar sales volume was 2716 units in 2017 and is expected to reach 3461 units by the end of 2025, growing at a CAGR of slightly above 3.56 % between 2017 and 2025.
Of the major players of Weather Radar, Honeywell maintained its first place in the ranking in 2017. Honeywell accounted for 23.81% of the Global Weather Radar revenue market share in 2017. Other players accounted for 13.32 % and 5.16 %, including Enterprise Electronics Corporation (EEC) and Selex ES GmbH.
In this study, the consumption region of Weather Radar divided into seven geographic regions: In United States, total Weather Radar accounted for 33.40%. In the Europe 27.55%, In China 17.39 %, In Japan 4.05 %, In Southeast Asia 3.78 %, In India 6.34 %, and in other region 7.49%. Among all regions, United States is estimated to represent the highest share.
On the basis of product type, the Airborne Weather Radar segment is projected to account for the largest volume share during the forecast period; this segment was estimated to account for 96.45 % sales volume share in 2017.
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