South Asia's Radar Industry Bounces Back in 2024
South Asia's weather radar industry has seen a significant turnaround in 2024. After two years of decline, overseas shipments surged by X% to X units. This positive trend was reflected in the market value, which reached $X, a prominent increase over the review period.
The production of weather radar in South Asia remained relatively stable, with a notable increase in 2021. India played a significant role in this growth, representing roughly X% of total exports in 2024. The country's exports surged to $X, with a CAGR of X% from 2012 to 2024, making it the fastest-growing exporter in the region.
India also dominated imports, recording X units in 2024. The total amount of weather radar imported in South Asia grew by X% to X units in 2024. Other major export and import partners include Pakistan, Bangladesh, Sri Lanka, and Nepal.
The export price for weather radar in South Asia stood at $X thousand per unit in 2024, dropping by X% compared to the previous year.
The South Asian weather radar market experienced a strong recovery in 2024, with increased production, exports, and imports. India's dominant role in both exports and imports is expected to continue, driving further growth in the region. Despite a slight decrease in export prices, the market is projected to retain growth in the near future.
