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Avalanche Radar Market Report 2023 : Comprehensive Research Study By Key Players: Geobrugg AG, Wyssen Avalanche Control AG, L.B. Foster Company, Hexagon AB, Recco AB
Avalanche Radar Market Trends
The Business Research Company's Avalanche Radar Global Market Report 2023 identifies the increased defense funding as the major driver for the Avalanche Radar market's growth in the forecast period. Increased defense funding is when a government or organization allocates a larger budget or resources for defense-related purposes. Avalanche radars give early warning signals that help alert military personnel, defense installations, and government agencies about potential avalanches in advance, allowing them to take appropriate measures to ensure the safety of personnel and infrastructure.
The global avalanche radar market size is expected to grow from $1.50 billion in 2022 to $2.23 billion in 2023 at a compound annual growth rate (CAGR) of 48.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global avalanche radar market size is expected to reach $10 billion in 2027 at a CAGR of 45.5%.
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Major competitors in the Avalanche Radar market are Geobrugg AG, Wyssen Avalanche Control AG, L.B. Foster Company, Hexagon AB, Recco AB, Trimble Inc., Swiss Radar Technologies AG, Technoalpin S.p.A., Vaisala Oyj, Defense Research and Development Organization, Leica Geosystems, ARVA Equipment, IDS GeoRadar, Laser Components Detector Group Inc, and MicroStep-MIS.
A key trend in the Avalanche Radar market includes the introduction of an avalanche radar. Companies operating in the avalanche radar market are introducing new avalanche radars to sustain their position in the market. For instance, in September 2022, the Indian Army and Defense Geoinformatics and Research Establishment (DGRE), an India-based agency providing intelligent solutions to the Armed Forces, jointly installed the avalanche monitoring radar in North Sikkim. This radar can detect an avalanche in less than three seconds by employing a sequence of short microwave pulses scattered at the target.
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The Avalanche Radar market is segmented -
By Type: Long Range, Short Range
By Component: Transmitter, Antennas, Receiver, Display
By End-User: Military And Defense, Government, Weather Monitoring
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Avalanche Radar market.
The Business Research Company's "Global Avalanche Radar Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Avalanche Radar Market Include:
1. Executive Summary
2. Avalanche Radar Market Characteristics
3. Avalanche Radar Market Trends And Strategies
4. Avalanche Radar Market - Macro Economic Scenario
5. Avalanche Radar Market Size And Growth
……
26. Africa Avalanche Radar Market
27. Avalanche Radar Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Avalanche Radar Market
29. Avalanche Radar Market Future Outlook and Potential Analysis
30. Appendix
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