North America Doppler Wind Lidar System Market is expected to reach US$ 278.28 million by 2028


PRESS RELEASE BY The Insight Partners 04 Oct 2021

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Compact Doppler LiDAR Segment to Dominate North America Doppler Wind Lidar System Market during 2020–2028

According to The Insight Partners market research study on “North America 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$ 278.28 million by 2028 from US$ 192.01 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the North America doppler wind lidar system market along with the drivers and restraints pertaining to the market growth. Rising adoption of technologically advanced systems among airports is the major factor driving the growth of the North America doppler wind lidar system market. However, low adoption of doppler wind lidar system may hinder the growth of North America doppler wind lidar system market.

North America, especially the US and Canada, is one of the most important regions for adopting and developing new technologies owing to the favorable government policies to encourage innovation, presence of a large industrial base, and high purchasing power. As a result, any influence on industry growth can have a negative influence on the region's economic growth. Businesses in the region have been significantly impacted by the COVID-19 pandemic in four key areas: supply chain/operations, personnel, 2020 investments, and product offering. Due to the adoption of extreme measures during the pandemic, overhead expenditures such as expenditure for sales and research & development (R&D), and administration of various providers, declined unfavorably. The sudden COVID-19 outbreak pandemic led to the stand still of all wind energy plant construction across the region leading to low investments by them in advanced technologies. Similarly, due to travel restrictions imposed by the government bodies across the region, the airports across developed countries experienced temporary shutdown leading to decline in investments in advanced wind measurement solutions, such as doppler wind lidar systems. On the other hand, the manufacturing sector of the region is also highly impacted owing to the COVID-19 outbreak. As a result of the pandemic-related manufacturing closure, US industrial production (-16.5% year over year) and total factory orders (-22.7% year over year) fell sharply in April, followed by a slow recovery. In December 2020, the US Industrial Production Index was 105.7, a significant drop from its pre-pandemic level of 110. Although production and order levels remain below those of 2019, the rate of reduction has eased. Thus, the market is negatively impacted due to the outbreak pandemic in the region.

The market for doppler wind lidar system market is segmented into type, installation type, application, and country. Based on type the North America 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 North America doppler wind lidar system market. Based on installation type the North America 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 North America 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 North America doppler wind lidar system market. Based on country the North America doppler wind lidar system market is segmented into US, Canada, Mexico. In 2020, the US held the largest share North America doppler wind lidar system market

Deutsche WindGuard GmbH, HALO Photonics, Mitsubishi Electric Corporation, NRG Systems, Platform Aerospace, Vaisala, and Windar Photonics A/S are among the leading companies in the North America 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 2021, Hexagon's Micro Pulse Lidar has signed a deal with NRG Systems, Inc. to become a Value Added Reseller (VAR) in the NRG Spidar VAR Program. NRG Systems, Inc., North America's only wind lidar expert, creates and manufactures a portfolio of wind assessment products for a wide range of sectors.

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