Asia Pacific Doppler Wind Lidar System Market
India, China, Japan, Australia, and South Korea are among prime contributors to the APAC doppler wind lidar system market growth. Due to the high demand for remote sensing services in the identification of turbulence/shear in thunderstorms, air traffic monitoring, observing atmospheric conditions, turbine wake analysis, and many other applications, the market in APAC is projected to grow at a significant rate during the forecast period. Terminal Doppler weather radar systems measure precipitation movements through microwaves to detect wind shear around airports during wet-weather conditions. To enhance safety, the detection of wind shear is crucial under all conditions, which fosters the integration of Lidar and radar technologies. The mentioned technologies are expected to be helpful in large and midsize airports for handling air traffic for handling jet aircraft. China and Japan are the most lucrative markets for doppler wind lidar system providers. In China, Mitsubishi Electric Corporation received a contract from Romanian Air Traffic Services Administration (ROMATSA), a national air traffic and aviation meteorology service provider in Romania. Under this contract, which was signed in April 2019, Mitsubishi Electric Corporation would provide a terminal Doppler lidar system—DIABREZZATM A Series—for their use at Henri Coand? International Airport in Bucharest. Such strategic contracts for deploying doppler wind lidar systems by the manufacturers at airports would bolster the growth of the doppler wind lidar systems market in APAC during the forecast period.
APAC is characterized by many developing countries, a positive economic outlook, high residential and industrial presence, huge population, and rising disposable income. All these factors make it a major growth driving region for various markets, such as doppler wind lidar system market. The lockdown of most of the factories in China adversely affected the global supply chain and negatively impacted the development and delivery schedule of various products and services. As the factories in China are beginning to reopen, businesses have reduced or hit pause on their operations. The region comprises several developing countries, which consist of a large number of manufacturing facilities. The temporary closure of all economic activities announced by the respective government bodies has led to the decline in demand for advanced technological solutions across the industries thereby negatively impacting the growth of the doppler wind lidar system market. Moreover, the travel restriction imposed across the nations disrupted the supply chain of manufacturing components and final products from major economies, such as India and China. These factors have negatively impacted the market amid the COVID-19 outbreak.
Strategic insights for the Asia Pacific Doppler Wind Lidar System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 127.15 Million |
| Market Size by 2028 | US$ 245.02 Million |
| Global CAGR (2021 - 2028) | 9.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Doppler Wind Lidar System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The doppler wind lidar system market in APAC is expected to grow from US$ 127.15 million in 2021 to US$ 245.02 million by 2028; it is estimated to grow at a CAGR of 9.8% from 2021 to 2028. Surge in government initiatives and investments to promote use of wind energy; wind energy is highly adopted as a sustainable alternative to electricity generation. Government bodies worldwide established several windmills projects across their countries to produce electricity and reduce the carbon footprint of the country. In the last couple of decades, the amount of wind energy generated has increased dramatically. Technological advancements in wind energy help reduce the cost of electricity generation from the wind, while government and economic incentives by countries across the world have aided growth in wind power. Thus, the increasing government initiatives for the adoption of wind energy across the world propel the demand for doppler wind lidar systems in wind energy plants.
Based on type the APAC doppler wind lidar system market is segmented into compact doppler lidar and large doppler lidar system. In 2020, the compact doppler lidar segment held the largest share APAC doppler wind lidar system market. Based on installation type the APAC doppler wind lidar system market is segmented into ground based, and airborne. Airborne is expected to the fastest growing segment over the forecast period. Based on application, the APAC doppler wind lidar system market is segmented into air traffic safety monitoring, wind power measurement, and weather and climate. In 2020, the wind power measurement segment held the largest share APAC doppler wind lidar system market.
A few major primary and secondary sources referred to for preparing this report on the wind lidar system market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Deutsche WindGuard GmbH, Everise Technology Ltd., Mitsubishi Electric Corporatio, Vaisala, and Windar Photonics A/S among others.
The Asia Pacific Doppler Wind Lidar System Market is valued at US$ 127.15 Million in 2021, it is projected to reach US$ 245.02 Million by 2028.
As per our report Asia Pacific Doppler Wind Lidar System Market, the market size is valued at US$ 127.15 Million in 2021, projecting it to reach US$ 245.02 Million by 2028. This translates to a CAGR of approximately 9.8% during the forecast period.
The Asia Pacific Doppler Wind Lidar System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Doppler Wind Lidar System Market report:
The Asia Pacific Doppler Wind Lidar System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Doppler Wind Lidar System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Doppler Wind Lidar System Market value chain can benefit from the information contained in a comprehensive market report.
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