Global Avalanche Radar Market to Experience Noteworthy Growth by 2031 with Surge in Occurrences of Avalanches
Early warning of avalanches is crucial for the safety of individuals as well as infrastructure in avalanche-prone locations. Hence, accurate and timely avalanche forecasts are becoming more and more important as mountainous areas develop and rise in population. One of the technologies that can help in providing early warning of avalanches is avalanche radar.
The avalanche radar market is a constantly expanding industry that focuses on the research and production of innovative technology for avalanche detection and monitoring. The avalanche radar is designed to provide early warning of avalanches and to sound an alarm. Roads and railway tracks are automatically closed in the case of an avalanche, and individuals in the danger zone are reliably alerted. Avalanche radar is also employed in avalanche control operations to verify the success of an artificially generated avalanche. It is very difficult to identify avalanches without radar in the dark or during severe conditions such as fog, snow, and rain.
Recent Trends in the Avalanche Radar Market
The rise in government activities and legislation to ensure safety in avalanche-prone areas is propelling the growth of the avalanche radar market. Several countries, particularly those with mountainous terrain, have implemented rules for the installation of avalanche protection devices in high-risk locations. Moreover, the popularity of backcountry skiing and snowboarding is significantly rising. Skiing and snowboarding require individuals to carry their own avalanche safety gear. As a result, manufacturers are working on designing portable and lightweight avalanche radars that are easier to transport.
Newest Insights in the Avalanche Radar Market
As per a report by Research Dive, the global avalanche radar market is expected to grow at a CAGR of 5.0% and generate revenue of $64,412.5 million by 2031. The primary factors driving the growth of the market are the rising uses of avalanche radars in the military and defense industry and the increasing use of radar by weather forecasters to enhance avalanche prediction. However, the high expense of training employees and a lack of qualified and experienced staff are expected to hinder the market growth. The avalanche radar market in Europe is expected to remain dominant in the coming years. The region's high revenue in 2021 was driven by the presence of major players and the rising number of avalanches in this region.
How are Market Players Responding to the Rising Demand for Avalanche Radar?
Market players are responding to the rising demand for avalanche radar by investing in research and development to create more advanced and efficient avalanche radar systems. Military radars improve detection, monitoring, tracking, ground mapping, and warning against stealth aircraft and armament, resulting in increased security.
In addition, market players are increasingly focusing on strategic partnerships and collaborations with other players in the industry to leverage their strengths and expand their reach. Some of the foremost players in the avalanche radar market are Wyssen Avalanche Control AG, Geobrugg AG, L.B. Foster Company, GEOPRAEVENT AG, and others. These players are focused on implementing strategies such as mergers and acquisitions, novel developments, collaborations, and partnerships to reach a leading position in the global market.
For instance:
- In May 2021, Onsemi, a leading American provider of semiconductors, announced its partnership with LeddarTech. With this partnership, the firms hope to concentrate on the development and commercialization of LiDAR technology for efficiently detecting the environment around cars, as well as improve and promote the automation and safety of LiDAR systems.
- In August 2022, the Colorado Department of Transportation (CDOT), a primary department of the Colorado state government in charge of state transportation obligations in Colorado, announced the installation of a remote-controlled avalanche mitigation system on CO 145 Lizard Head Pass.
- In September 2022, the Indian Army and Defence Geoinformatics and Research Establishment (DGRE) joined forces to set up India’s first avalanche monitoring radar in North Sikkim.
COVID-19 Impact on the Global Avalanche Radar Market
The COVID-19 pandemic made an adverse impact on the global avalanche radar market. This is primarily owing to restrictions in the industrial sector and disruptions in supply chains. Furthermore, due to severe federal controls and transportation constraints, raw material transportation has been halted and delayed, affecting industrial segments' ability to offer the final product. All of these factors contributed to the market's downfall throughout the crisis. The uncontrollable spread of the coronavirus led to the closure of several companies. As a result, the industry's output and supply networks got hampered, resulting in a decline in market growth during the pandemic. However, the avalanche radar market is expected to recover soon after the post-pandemic period.
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