PUBLISHER: Allied Market Research | PRODUCT CODE: 1266557
PUBLISHER: Allied Market Research | PRODUCT CODE: 1266557
The global avalanche radar market is envisioned to garner $64,412.5 million by 2031, growing from $1,501.4 million in 2021 at a CAGR of 46.1% from 2022 to 2031.
Avalanche radar is employed for tracking as well as detecting avalanches in real-time and in any weather conditions. It can also be used to track and detect other natural hazards such as rockfalls, debris flow, and landslides. Avalanche radar gives wide area coverage of up to 5 kilometers for evaluating potential avalanches. Avalanches can cause casualties and also damage to infrastructure. Therefore, early detection of avalanches is crucial. Avalanche radars help in detecting potential avalanches. The significant demand for avalanche radars is mainly attributed to the increase in avalanches in Europe.
Avalanche radars are comparatively more costly than conventional avalanche detection techniques. In addition, less demand from developing nations is some of the major factors that may hinder the avalanche radar market growth during the forecast timeframe.
The consequences of global warming are felt majorly in mountainous areas concerning both water resources and glacierized landscapes. Avalanches are natural disasters and frequently occur in mountainous ranges in Europe. This severely impacts the socio-economic development of such areas and disrupts traffic infrastructure and damages houses. Due to these problems, the demand for advanced avalanche detecting and tracking system such as avalanche radar is expected to increase and offer lucrative business opportunities to major avalanche market players.
The coronavirus pandemic halted many business activities globally, as almost all governments took various strict actions including the restriction on transportation activities, quarantine, social distancing, and lockdowns. Owing to these factors, the demand for avalanche radars declined drastically. Labor and raw material shortages slowed down or completely halted manufacturing operations as well as logistics activities. The avalanche radars are mainly employed in mountain ranges where tourism activities are high. The drop in the level of tourism activities in mountain ranges restricted the market prospects of avalanche radar during the pandemic.
The key players profiled in this report include: Geobrugg AG, Wyssen Avalanche Control AG, GEOPRAEVENT AG, L.B. Foster Company, and others.