According to the new research report published by Premium Market Insights, titled “ Aviation weather forecasting systems market size is expected to grow from US$737.09 million in 2022 to US$1,137.67 million in 2028; It is estimated to grow at a CAGR of 7.5% from 2022 to 2028.
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The increasing availability of digital and electronic communication bandwidth contributes to the increasing accuracy of weather forecasts for flight operations. Major end-users in the aviation weather forecasting system market include commercial and military airports, weather forecasting stations, air balloon operator stations, drone operating stations, etc. The airport weather stations are automated sensor suites designed to facilitate flight and meteorological operations, weather forecasting and climatology.
Impact of the COVID-19 Pandemic on the Global Aviation Weather Forecasting Systems Market
Asian countries experienced a decline in GDP, international trade and economy in 2020. The airline industry in Asia Pacific was hit in the first half of 2020. The outbreak of the COVID-19 pandemic led to a decline in manufacturing operations and supply chain disruptions in the region. Many emerging markets have had to cut their aviation budgets and reallocate funds to meet demand across the healthcare sector.
According to the Civil Aviation Administration of China (CAAC), at the end of 2020, China had 241 licensed commercial airports. 114 new airport projects were initiated or continued this year. In 2020, China had 58 more airports compared to 2012. This means that around 7 new airports are opened every year. According to plans released by the Civil Aviation Administration of China (CAAC) in February 2021, China aims to have 400 civil airports by the end of 2035, an increase of 150 percentage points from the 2020 figure. According to Airports Council International (ACI), the country will build ~10 new airports every year by 2035. Therefore, it is expected that the demand for LIDAR, AWOS, sensors, radar, ceilometer, etc. will increase in countries like China, India, Japan, Australia, South Korea,
The Middle East and Africa (MEA) aviation weather forecasting systems market is segmented into South Africa, Saudi Arabia, United Arab Emirates and the rest of MEA. The region has seen an increase in passenger and cargo air traffic, which is influencing the increase in investment in the development and refurbishment of new and technologically advanced airport facilities. The construction of the new Addis Ababa International Airport, which started in 2020 and is expected to be completed by 2024, is also expected to create new opportunities for the aviation weather forecasting system market participants during the forecast period. Similarly, the Saudi Arabian government is building Red Sea International Airport as part of Saudi Arabia’s Vision 2030 strategy to accommodate 900 passengers per hour. In August 2021, the Nigerian government announced the investment of US$40. 3 million for several aviation projects. The fund will be made available for the development of new airports and the renovation of existing airports. The Nigerian government has also invested US$1.52 million in the construction of Wachakal Airport. Therefore, with a continuous increase in passenger traffic at airports, the increasing construction and expansion projects of airports (including the modernization of existing airports) should improve the flying weather Invested $52 million in the construction of Wachakal Airport. Therefore, with a continuous increase in passenger traffic at airports, the increasing construction and expansion projects of airports (including the modernization of existing airports) should improve the flying weather Invested $52 million in the construction of Wachakal Airport. Therefore, with a continuous increase in passenger traffic at airports, the increasing construction and expansion projects of airports (including the modernization of existing airports) should improve the flying weather
System market growth forecast in the MEA region. Some of the market participants in aviation weather forecasting systems in the MEA region are Campbell Scientific, Inc.; Collins Aerospace; IBM Corporation; and Universal Weather and Aviation, Inc.
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According to Boeing Commercial Outlook (2022-2041), commercial aircraft deliveries in Latin America are expected to reach ~2,240 units by the end of 2041. The surge in aircraft deliveries would in turn underscore the need for smart and modernized airport infrastructure to prevent unforeseen incidents, thereby boosting demand for weather forecasting services. The Aviation Weather Forecasting Systems in SAM market has been analyzed on the basis of prevailing trends in Brazil and the rest of South America. According to a report released by CEPAL, South America is expected to require a total investment of US$25.5 billion over the period 2016-2025 to fill the capacity gap in airport infrastructure. It is also expected that this will drive the adoption of aviation weather forecasting systems at these airports, which will fuel the growth of the aviation weather forecasting systems market in the South America region. In January 2021, Jorge Chavez International Airport in Lima, Peru announced that it was undergoing a major expansion. The airport expansion program includes the development of a new passenger terminal, a second runway, taxiways and a new Air Traffic Control (ATC) tower. Lima Airport Partners have signed a US$450 million loan agreement to fund this development program. Taxiways and a new air traffic control tower (ATC). Lima Airport Partners have signed a US$450 million loan agreement to fund this development program. Taxiways and a new air traffic control tower (ATC). Lima Airport Partners have signed a US$450 million loan agreement to fund this development program.
Campbell Scientific, Inc.; Collins Aerospace; IBM Corporation; Sutron Corporation; vaishala; Universal Weather and Aviation Inc.; ENAV SpA; DTN; and Spire Global are the market players for flight weather forecasting systems featured in this market study.
The overall market size for aviation weather forecasting systems has been derived from both primary and secondary sources. To begin the research process, extensive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information on the Aviation Weather Forecasting Systems market. The process also serves the purpose of providing an overview and forecast of the Aviation Weather Forecasting Systems market growth with respect to all market segments. Also, several primary interviews were conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. Participants in this process include VPs, Business Development Managers, Market Intelligence Managers for Aviation Weather Forecast Systems,
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