[Research Report] The aviation weather forecasting system market is expected to grow from US$ 737.09 million in 2022 to US$ 1,137.67 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2022 to 2028.
The introduction and adoption of electronic systems related to weather forecasting are compelling the aviation weather forecasting system market players to develop innovative products and cater to the burgeoning demand. Further, several airports are undertaking the installation of electronic weather monitoring systems at their runways and airport premises to execute safer operations. In June 2020, Bangalore International Airport (BIAL), India, announced the installation of the aviation weather monitoring systems (AWMS) developed by the Council of Scientific and Industrial Research-funded National Aerospace Laboratories (CSIR-NAL) based in Bengaluru; the AWMS were installed at both ends of the new runway of BIAL. Moreover, the BIAL has installed four units of Drishti Transmissometers (developed by NAL) in association with Indian Metrological Department (IMD) to measure the runway visibility range. Vendors across the aviation weather forecasting system market are also focusing on developing AI-based software systems to provide better visual and graphical representations for an aviation weather forecasting report. Moreover, the installation of electronic and automated systems across airports is another major factor demanding the deployment of electronic and digital systems for weather forecasting and analytics to minimize errors introduced by other manual activities.
The traditional weather forecasting process involves outsourcing metrological forecast services that include rigorous text-based paperwork and the use of numerical weather prediction. The process has been schedule-driven, product-oriented, and labor-intensive. Since the past decade, weather forecasting has transformed drastically with the implementation of technologies that provide much more accurate data for forecasts. Computer technologies, electronic systems, and high-speed disseminating systems (e.g., the internet) are further driving the evolution of weather forecasting operations to much better and more accurate results. Electronic systems provide output in user-friendly, digital, and graphical formats that are more feasible and informative for readers or analysts.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Aviation Weather Forecasting System Market: Strategic Insights
Market Size Value in US$ 737.09 Million in 2022 Market Size Value by US$ 1,137.67 Million by 2028 Growth rate CAGR of 7.5% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
– Aviation Weather Forecasting System Market
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Aviation Weather Forecasting System Market: Strategic Insights
| Market Size Value in | US$ 737.09 Million in 2022 |
| Market Size Value by | US$ 1,137.67 Million by 2028 |
| Growth rate | CAGR of 7.5% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Impact of COVID-19 Pandemic on Aviation Weather Forecasting System Market Growth
Airlines faced an economic loss of US$ 168 billion in 2020, which can be associated with a drop in airline operations and passenger traffic due to persistent health impairment and social restrictions. Companies that relied more on aviation for their financial performances continued their operations with cargo flights and half- or full-passenger flights, thus performing better than those depending on passenger flows. Further, companies with high fixed costs struggled more as they faced difficulties in shedding off the financial burden of maintaining smooth operations during unfavorable business conditions. The Global Observing System of the World Meteorological Organization (WMO) serves as the foundation for meteorological and climate services in 193 WMO member countries and territories. These meteorological observations, however, rely on devices mounted on commercial aircraft to collect and transmit data to ground stations. The drastic decline in flights caused a fall in meteorological measurements from 90% to 75%. As a result, only a fraction of 800,000 daily readings were available for meteorologists for forecasting. To compensate for this loss, countries had to rely on their domestic national weather forecasting capacities in 2020.
Market Insights – Aviation Weather Forecasting System Market
Based on region, the aviation weather forecasting system market analysis is primarily segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America is expected to dominate the aviation weather forecasting system market in 2022 with the largest share, and it is expected to retain its dominance during the forecast period, followed by Europe and Asia Pacific. Further, Asia Pacific is expected to surpass Europe in terms of market share by the end of 2027. The growth of the aviation weather forecasting system market size in Asia Pacific is ascribed to the rising number of airport construction projects across China and India, among others.
Application-Based Insights – Aviation Weather Forecasting System Market Size
Based on application, the aviation weather forecasting system market analysis is segmented into weather stations, weather drones, weather balloons, and others. The weather stations segment is expected to dominate the market in 2022 in terms of aviation weather forecasting system market share. Aviation weather stations are automated sensors designed for weather forecasting and climatology applications in aviation and metrological operations. These weather stations are being highly adopted across both developed and developing countries to increase weather forecasting efficiencies of, both, commercial and military airports. A few of the players involved in the manufacturing of weather stations are Dyacon, Inc.; Felix Technology Inc.; MOBILE ATC; SGS Weather; and All Weather, Inc. The manufacturing of these products is regulated and controlled by several government agencies such as International Civil Aviation Organization (ICAO) and the WMO. Papillon Airways, Inc. installed Dyacon’s weather station systems for efficient weather forecasting during their landings at the bottom of the Grand Canyon. Additionally, the weather station manufacturers are also involved in offering tailored solutions to airports for a better customer experience.
Collins Aerospace, ENAV S.p.A., IBM Corporation, Vaisala, and Campbell Scientific Inc. are among the prominent aviation weather forecasting system market players operating worldwide. The market is highly consolidated, as well-established players and leaders in the aviation weather forecasting system market account for a large share.
Players operating in the aviation weather forecasting system market are mainly focused on providing efficient weather forecasting systems and services to customers.
- In 2021, the El Dorado International Airport in Bogota, Colombia, announced DTN as their weather partner for airport operations safety. DTN has been providing the airport with its MetConsole LiDAR Windshear Alerting System, a state-of-the-art solution to track dangerous winds that can threaten human and aircraft safety.
- In 2020, the India Meteorological Department (IMD) began installing the integrated AWOS at 18 airports that operate with more than 500 flights per week.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Application, and Forecast Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The estimated global market size for the aviation weather forecasting system market in 2022 is expected to be around US$ 737.09 million
Increase in awareness about safer aviation operations
Introduction of electronic weather forecasting systems
Construction of new airports and expansion of existing airports generating demand for new installations
Collins Aerospace, ENAV S.p.A., IBM Corporation, Vaisala, and Campbell Scientific, Inc. are the key market players expected to hold a major market share of the aviation weather forecasting system market
Asia Pacific is expected to register the highest CAGR in the aviation weather forecasting system market during the forecast period (2022-2028)
India, China, the UK, and Japan are expected to register high growth rates during the forecast period
The US is holding a major market share of the aviation weather forecasting system market in 2022
The hardware segment is expected to hold a major market share of the aviation weather forecasting system market.
The global market size of the aviation weather forecasting system market by 2028 will be around US$ 1,137.67 million
The aviation weather forecasting system market is expected to register an incremental growth value of US$ 400.58 million during the forecast period
The List of Companies - Aviation Weather Forecasting System Market
- Campbell Scientific, Inc.
- Collins Aerospace
- IBM Corporation
- ENAV S.p.A.
- Universal Weather and Aviation, Inc.
- Sutron
- UBIMET
- Vaisala
- DTN
- Spire Global
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Aviation Weather Forecasting System Market
Jul 2022
Jul 2022
Advanced Air Mobility Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software), Operation Mode (Piloted, Autonomous), Propulsion Type (Fully Electric, Hybrid), End Use (Passenger, Cargo)
Jul 2022
Airport Fueling Equipment Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Tanker Capacity (Below 5,000 Liters; 5,000–20,000 Liters; and Above 20,000 Liters), Aircraft Type (Civil Aircraft and Military Aircraft), and Power Source (Electric and Non-Electric)
Jul 2022
Satellite Optical Ground Station Market
Forecast to 2028 - Global Analysis by Operation (Laser Satcom and Optical Operations), Equipment (Consumer Equipment and Network Equipment), Application (Laser Operations, Debris Identification, Earth Observation, and Space Situational Awareness), and End User (Government and Military and Commercial Enterprises)
Jul 2022
Electro-Optics in Naval Market
Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Camera, Sensor, and Laser Range Finder), Application (Target Detection, Identification, and Tracking; Surveillance; Fire Control; and Others), and End Use (Defense and Commercial)
Jul 2022
Commercial Air Traffic Management Market
Forecast to 2030 - COVID-19 Impact and Global Analysis By Type (Air Traffic Services, Air Traffic Flow Management, and Airspace Management), Component (Hardware and Software), Application (Communication, Navigation, Surveillance, Traffic Control, and Others), and Airport Class (Class I, Class II, Class III, and Class IV)