Global Avalanche Radar Market Anticipated to Garner $22,481.1 Million in Revenue, Growing at a CAGR of 47.2% during the Forecast Timeframe from 2021-2028 [180-Pages] | Research Dive

The global avalanche radar market is expected to observe striking growth by 2028, owing to the increasing growth in the demand for avalanche radars worldwide. Regionally, the Europe region is expected to dominate over the analysis period.

NEW YORK, July 4, 2022 /PRNewswire/ -- Research Dive has added a new report to its offering titled, "Avalanche Radar Market by Type (Long-range Radar Systems and Short-range Radar Systems), Component (Transmitter, Antennas, Receiver, and Display), End-user (Military & Defense, Government, and Weather Forecasting), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028."

According to the report, the global avalanche radar market is envisioned to generate a revenue of $22,481.1 million and rise at a noteworthy CAGR of 47.2% during the analysis timeframe from 2021-2028.

Dynamics of the Avalanche Radar Market

The increasing demand for the avalanche radars mostly in defense and military sectors worldwide, is the main factor expected to bolster the growth of the market during the estimated period. Besides, the rising use of avalanche radars to improve avalanche predictions and to avoid extreme weather circumstances is further expected to foster the growth of the avalanche radar market over the analysis timeframe. Moreover, the increasing technological improvements in the weather monitoring sectors such as to predict and detect avalanches is projected to create huge growth opportunities for the market during the forecast time period. However, the high expenses in delivering training to the workers and shortage of skilled labors may hinder the growth of the market throughout the analysis period.

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Covid-19 Impact on the Avalanche Radar Market

The rise of the novel coronavirus has devastated global avalanche radar market, similarly to other several industries. This is mainly due to the closure of manufacturing sectors and disruption in the supply chain networks. In addition, due to the strict government guidelines and restrictions on transportation, there is a halt and delay in the supply of raw materials which has badly impacted manufacturing segments in delivering the final product. All these factors have caused the downfall of the market during the period of crisis.