Avalanche Radar Market 2022 | Growing Demand for Short Range Radar Systems

According to Precision Business Insights (PBI), the latest report, the avalanche radar market is expected have a significant CAGR of 45.6% over 2022-2028. The primary drivers of the expansion of the global avalanche radar market include increasing demand for the avalanche radar system in the military and defense industry, government initiatives, and technological advancement in this sector.

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Aluminum Segment to Dominate the Avalanche Radar Market:
Based on the product type, the global avalanche radar market is segmented into two types: Long-range Radar Systems and Short-range Radar Systems. The short-range radar segment is expected to account for a larger revenue share in the global avalanche radar market, with a value share worldwide. It provides better and more accurate signals in the short-range area than long-range radar system. Hence, the use of short-range radars is increasing at a faster rate and is also expected to increase in the forecasted years.

Europe Avalanche Radar Market:
The Europe market is expected to increase in the global avalanche radar market over the forecast period. The European market is expanding as a result of the increasing number of avalanches and landslides and government initiatives. North America held considerable market share during the estimated period owing to the advanced technology in the avalanche radar market and global players in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global avalanche radar market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In Sept 2022, GEOBRUGG and INOVECO are platinum sponsors for the 16th edition of the congress that will take place in Timisoara, from the 21st to the 24th of September, 2022. In May 2022, L.B. Foster hosted delegates from 20 Countries at ILCAD 22.

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The avalanche radar market is segmented based on product type, component, end-user, and geography.
Based on the product type, the market is segmented into the following:
• Long-range Radar Systems
• Short-range Radar Systems

Based on the component, the market is segmented into the following:
• Transmitter
• Antennas
• Receiver
• Display

Based on the end user, the market is segmented into the following:
• Military & Defense
• Government
• Weather Forecasting
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the avalanche radar market report are Geopraevent, Wyssen Avalanche, Geobrugg, and L.B. Foster.

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This release was published on openPR.