Aviation Weather Forecasting System Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

The aviation weather forecasting system market size is projected to reach US$ 1.11 billion by 2031 from US$ 0.63 billion in 2023. The market is expected to register a CAGR of 7.3% during 2023–2031. Construction of new airports and expansion of existing airports generating demand for new installations is likely to remain a key trend in the market.

Aviation Weather Forecasting System Market Analysis

Some of the key players operating in the global aviation weather forecasting system market are Collins Aerospace, ENAV SpA, IBM Corporation, Vaisala, and Campbell Scientific Inc. The market is highly consolidated with several prominent players catering to domestic and international demand. These players cumulatively acquire larger share in the global aviation weather forecasting system market compared to the other companies, according to the aviation weather forecasting system market research study.

Aviation Weather Forecasting System Market Overview

The aviation weather forecasting system players include both hardware manufacturers and software providers which are dependent on each other. The hardware manufacturers and software providers are Collins Aerospace, IBM Corporation, Campbell Scientific Inc, Sutron, DTN, Spire Global, Universal Weather and Aviation Inc, Vaisala, Ubimet, and many more. The aviation weather forecasting system market has many small players engaged in the business which holds a significant portion of the global market. The small players are also involved in R&D activities for developing the new technologies which are further strengthening the market size over the coming years. These organizations over the years have increased their investment in the development of new and advanced aviation weather forecasting systems as per the growing customer needs with the help of government regulatory bodies. The government regulatory body helps the aviation weather forecasting system both hardware manufacturers and software providers by providing the contract to the military airport, and commercial airports.

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Aviation Weather Forecasting System Market: Strategic Insights

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Aviation Weather Forecasting System Market Drivers and Opportunities

Introduction of Electronic Weather Forecasting Systems

The introduction and adoption of electronic systems related to weather forecasting are driving the market vendors to develop innovative products and cater to the burgeoning demand. Further, several airports are taking initiatives to install electronic weather monitoring systems across their runways and airport premises to attain safer operations across the facilities. For instance, in January 2024, Salida Airport-Harriet Alexander Field (KANK) at Colorado announced the opening and running operations of its new stae-of-art electronic weather system that is allowing them to conduct landing operations safer at the airport, have a better idea of air conditions at the airport.

Deployment of Weather Monitoring Drones

Weather drones are specifically designed to fly in the lowest layer of Earth’s atmosphere (the boundary layer), and they are equipped with sensors for collecting information on temperature, wind, humidity, thunderstorms, and air pressure in the atmosphere. The deployment of drones to collect weather data is one of the major factors expected to generate huge opportunities for market vendors during the forecast period. These drones are installed with thermodynamic sensors that collect the weather data such as humidity, pressure, and temperature and report it to weather stations. Real-time forecasting systems can utilize this data at airports. The real-time forecasting system then uses the data to provide weather forecasts and updates for air traffic environments. Several organizations are currently working on more efficient drone data collection systems to achieve more reliable drone weather monitoring systems that can be utilized to deliver more accurate and real-time data for weather forecasting systems across the aviation industry.

Aviation Weather Forecasting System Market Report Segmentation Analysis

Key segments that contributed to the derivation of the aviation weather forecasting system market analysis are component, application, and forecast type.

• Based on components, the aviation weather forecasting system market is segmented into hardware, software, and services. The hardware segment held a larger market share in 2023.
• Based on application, the aviation weather forecasting system market is segmented into weather stations, weather drones, weather balloons, and others. The weather stations segment held a larger market share in 2023.
• Based on forecast type, the aviation weather forecasting system market is segmented into short range, medium range, extended range, and long range. The short-range segment held a larger market share in 2023.

Aviation Weather Forecasting System Market Share Analysis by Geography

The geographic scope of the aviation weather forecasting system market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America has dominated the market in 2023 followed by Europe and Asia Pacific regions. Further, Asia Pacific is also likely to witness highest CAGR in the coming years. Two of the highly populated countries in the Asia Pacific region i.e. China and India have already announced their future plans for the construction of new airports. For instance, in 2023, the Indian government announced their plans to construct 80 new airports in the country by the end of 2025. Similarly, China has also announced their plans to construct 216 new airports by the end of 2035. This is further expected to drive the installation of aviation weather forecasting system market across the Asia Pacific region in the coming years.

Aviation Weather Forecasting System Market Regional Insights

The regional trends and factors influencing the Aviation Weather Forecasting System Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aviation Weather Forecasting System Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Aviation Weather Forecasting System Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Aviation Weather Forecasting System Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Aviation Weather Forecasting System Market are:

1. Campbell Scientific Inc
2. Collins Aerospace
3. IBM Corporation
4. Sutron Corporation
5. Vaisala
6. Universal Weather and Aviation Inc

Disclaimer: The companies listed above are not ranked in any particular order.

Aviation Weather Forecasting System Market News and Recent Developments

The aviation weather forecasting system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the aviation weather forecasting system market are listed below:

• A partnership between the Met Office, FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) and Loganair, aims to improve the accuracy of weather forecasts and the prediction of localised severe weather in the UK, with expected benefits for the aviation industry such as more efficient route planning and supporting aims to reduce CO2 emissions.. (Source: Met Office, Press Release, Aug 2023)
• Empresa Argentina de Navegación Aérea announced the completion of installation operations of three new Automatic Weather Observation Systems (AWOS) across the airports of San Miguel de Tucumán, San Salvador de Jujuy, and Salta Argentina. (Source: Empresa Argentina de Navegación Aérea, Press Release, Jan 2022)

Aviation Weather Forecasting System Market Report Coverage and Deliverables

The “Aviation Weather Forecasting System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Aviation weather forecasting system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Aviation weather forecasting system market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed Porter’s Five Forces analysis
• Aviation weather forecasting system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the aviation weather forecasting system market
• Detailed company profiles