Market Share of Aviation Weather Radar Industry
The aviation weather radar market is consolidated with major players such as Honeywell International Inc., Collins Aerospace (RTX Corporation), L3Harris Technologies Inc., Leonardo S.p.A., and Garmin Ltd.. dominating more than 70% of the market share. The number of companies producing weather radars for aviation applications is less, which makes the market concentrated. Companies are extending their product capabilities to attract different aircraft manufacturers. For Instance In 2022, Spire Global received a five-year multimillion-dollar contract to provide weather forecasts for TCOM, an intelligence, surveillance, and reconnaissance (ISR) firm based in the US. The company will likely provide weather forecast services at 10 sites where TCOM operates aerostats, which are aircraft that use a lifting gas to become airborne. Such developments are anticipated to alter the current competitive dynamics of the market players.
Aircraft Weather Radar Market Leaders
Honeywell International, Inc.
Garmin Ltd.
L3Harris Technologies, Inc.
Collins Aerospace (RTX Corporation)
Leonardo S.p.A.
*Disclaimer: Major Players sorted in no particular order
