Report : Asia Pacific Doppler Wind Lidar System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Compact Doppler Wind Lidar and Large Doppler Wind Lidar), Installation Type (Ground-Based and Airborne), and Application (Air Traffic Safety Monitoring, Wind Power Measurement, and Weather and Climate)
Wind Power Measurement Segment to Dominate APAC Doppler Wind Lidar System Market during 2020–2028
According to a new market research study on “APAC Doppler Wind Lidar System Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Installation type, and Application is expected to reach US$ 245.02 million by 2028 from US$ 127.15 million in 2021. The market is estimated to grow at a CAGR of 9.8% from 2021 to 2028. The report provides trends prevailing in the APAC doppler wind lidar system market along with the drivers and restraints pertaining to the market growth. Strategic initiatives by major players is the major factor driving the growth of the APAC doppler wind lidar system market. However, low adoption of doppler wind lidar system may hinder the growth of APAC doppler wind lidar system market.
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.
The market for doppler wind lidar system market is segmented into type, installation type, application, and country. 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. Based on country the APAC doppler wind lidar system market is segmented Australia, China, India, Japan, South Korea, and rest of APAC. In 2020, Japan held the largest share APAC doppler wind lidar system market
Deutsche WindGuard GmbH, Everise Technology Ltd., Mitsubishi Electric Corporatio, Vaisala, and Windar Photonics A/S are among the leading companies in the APAC doppler wind lidar system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, The "Romanian Air Traffic Services Administration (ROMATSA)," Romania's national air traffic and aviation meteorology service provider, has awarded Mitsubishi Electric Corporation a contract to supply a terminal Doppler lidar system (DIABREZZATM A Series) for use at Henri Coand International Airport in Bucharest, Romania's busiest international airport.