The aircraft weighing system market size is projected to reach US$ 161.82 million by 2031 from US$ 106.23 million in 2023. The market is expected to register a CAGR of 5.4% during 2023–2031. The surging aircraft MRO services in emerging economies are likely to remain a key trend in the market.
Aircraft Weighing System Market Analysis
Aircraft weighing scale manufacturers include Intercomp, Vishay Precision Group, and General Electrodynamics Corp, among others. The availability of a large number of component suppliers enables the aircraft weighing system manufacturers to choose the appropriate supplier. This enhances the supply chain of components. Upon procuring components, the aircraft weighing system OEMs produce significant volumes of aircraft weighing systems, thereby meeting respective customer demands. The end users include aircraft OEMs, MRO providers, and military forces. Aircraft OEMs such as Airbus and Boeing, aircraft MROs such as AAR Corporation and Lufthansa Technik, and military forces procure aircraft weighing systems from the manufacturers. With the growing production rate of commercial and military aircraft, the demand for aircraft weighing systems is expected to increase steadily during the forecast period.
Aircraft Weighing System Market Overview
The aircraft weighing system market ecosystem comprises stakeholders, such as component suppliers, aircraft weighing scale manufacturers, and end users. The manufacturers continuously procure various components, such as displays, sensors, and pads, from the components suppliers in order to manufacture an aircraft weighing system to meet the mounting requirements of the customers.
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Aircraft Weighing System Market: Strategic Insights
Market Size Value in US$ 102.76 Million in 2019 Market Size Value by US$ 133.03 Million by 2027 Growth rate CAGR of 4.2% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Aircraft Weighing System Market: Strategic Insights
| Market Size Value in | US$ 102.76 Million in 2019 |
| Market Size Value by | US$ 133.03 Million by 2027 |
| Growth rate | CAGR of 4.2% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Aircraft Weighing System Market Drivers and Opportunities
Growing Concerns Related to the Safety of Aircraft to Favor Market
The risk of having a weight-related accident with cargo flights is much higher than passenger flights due to errors in the load sheet and incorrect loading. Various prominent aircraft weighing system market players are actively involved in developing and producing efficient weighing systems for all types of aircraft. The involvement of various companies in designing an efficient aircraft weighing system and significant emphasis from governments on avoiding aircraft accidents from various factors are the parameters propelling the demand for aircraft weighing systems across all regions, thereby catalyzing the aircraft weighing scale.
Rising Aircraft Fleets to Increase the Demand for Aircraft Weighing Systems
Several manufacturers across all regions are highly focused on creating wide-ranging, next-generation air transport systems with flexibility and cost-effectiveness. Major aircraft OEMs such as Airbus and Boeing are presenting tremendous opportunities to the aircraft weighing system market players. The aircraft would enable operators to open new long-haul services, chiefly on less heavily traveled routes such as China to Australia or India to Europe. Further, the opening of Boeing and Airbus manufacturing/assembly plants in various countries of Asia and upcoming indigenous regional commercial and regional aircraft such as COMAC C919 and Mitsubishi MRJ would continue to boost the aircraft weighing system market in the coming years.
Aircraft Weighing System Market Report Segmentation Analysis
Key segments that contributed to the derivation of the aircraft weighing system market analysis are type and application.
- Based on the type, the aircraft weighing system market is divided into floor-standing and platform. The floor-standing segment held a larger market share in 2023.
- Based on the application, the aircraft weighing system market is divided into commercial aviation and military aviation. The commercial aviation segment held a larger market share in 2023.
Aircraft Weighing System Market Share Analysis by Geography
The geographic scope of the aircraft weighing system market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The scope of the aircraft weighing system market report encompasses North America (the US, Canada, and Mexico), Europe (Russia, the UK, France, Germany, Italy, and the Rest of Europe), Asia Pacific (South Korea, India, Australia, Japan, China, and the Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa), and South & Central America (Argentina, Brazil, and the Rest of South & Central America). In terms of revenue, North America dominated the aircraft weighing system market share in 2023. Europe is the second-largest contributor to the global aircraft weighing system market, followed by Asia Pacific.
Aircraft Weighing System Market Report Scope
Aircraft Weighing System Market News and Recent Developments
The aircraft weighing 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 aircraft weighing system market are listed below:
- Intercomp, a producer of portable vehicle weighing and measurement products, has announced the introduction of its LTR788 Dual Platform Scale to the global industrial scale market. The LTR788 is NTEP Certified for commercial vehicle weight enforcement. (Source: Intercomp Company, Press Release, April 2024)
- Intercomp Company received a contract from Airborne Maintenance MRO to provide an AC60-LP aircraft weighing scale system. (Source Intercomp Company, Press Release, August 2020)
Aircraft Weighing System Market Report Coverage and Deliverables
The “Aircraft Weighing System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Aircraft weighing system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Aircraft weighing system market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Aircraft weighing 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 aircraft weighing system market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, 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 dominated the Aircraft Weighing System market in 2023.
The surging aircraft MRO services in emerging economies are the future trend of the aircraft weighing system market.
General Electrodynamics Corp, Intercomp Company, Henk Maas Weegschalen BV, Jackson Aircraft Weighing Systems LLC, Langa Industrial S.A., Vishay Precision Group, Inc., Teknoscale OY, Nicol Scales & Measurement, McCoy Global Inc., HKM Messtechnik are some of the leading players in the market.
US$ 161.82 million estimated value of the aircraft weighing system market by 2031.
5.4% is the expected CAGR of the aircraft weighing system market.
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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