Aviation Weather Forecasting System Market Report 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
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
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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 |
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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 Report Scope
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
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
North America region dominated the aviation weather forecasting system market in 2023.
Increase in awareness about safer aviation operations and introduction of electronic weather forecasting systems are some of the factors driving the growth for aviation weather forecasting system market.
Construction of new airports and expansion of existing airports generating demand for new installations is one of the major trends of the market.
Campbell Scientific Inc, Collins Aerospace, IBM Corporation, Sutron Corporation, Vaisala, Universal Weather and Aviation Inc, ENAV SpA, DTN, and Spire Global are some of the key players profiled under the report.
The estimated value of the aviation weather forecasting system market by 2031 would be around US$ 1.11 billion.
The aviation weather forecasting system market is likely to register of 7.3% during 2023-2031.
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.
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