PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1251562
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1251562
Global Avalanche Radar Market is valued at approximately USD 1.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 46.1% over the forecast period 2022-2029. When a layer of snow moves downhill and collapses, it triggers an avalanche. Avalanche Radar is a device that provides early warning or alert of avalanches. This helps in taking necessary precautions to save people in the area. The avalanche radar detects avalanches within 3 seconds of their triggering. Avalanche radar works in all weather conditions during the day as well as at night. A camera that is part of the system is activated by the radar, and the camera automatically takes pictures or videos of the event. The surge in the incidents of avalanches, Rise in global warming, and Rise in deforestation are the factors driving the growth of the market.
According to National Geographic Organisation, about 100,000 avalanches occur every year in the United States and Globally around 150 people are the bait of avalanches every year. According to Erin Duffin (Research Expert), in the last decade, an average of 24 people died due to avalanches each year in the United States. In India, there were around 8 deaths due to avalanches in 2021. Additionally, in 2020, the planet's surface was about 0.98 Celsius degrees warmer than it was on average during the 20th century. Global warming effect the quality of mountain snow covers, which increases the risk of avalanches. The surge in the incidents of avalanches and thereby deaths of persons and the Rise in global warming are the major factors driving the growth of the market. Another important component driving market increase is a rise in deforestation. Furthermore, increasing awareness of avalanche radar and increasing government initiatives for the installation of avalanche radar are the factors creating major market opportunities in the forecast period. However, the high cost of Avalanche Radar stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Avalanche Radar Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the rising number of avalanches and the dominance of key market players in the region. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising incidence of avalanches and increasing government support regarding the installation of avalanche radar.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable