aviation weather forecasting system Market

The aviation weather forecasting system market size 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 increasing availability of digital and electronic communication bandwidth is contributing to the growing accuracy of weather forecasts for aviation operations. Major end-users in the aviation weather forecasting system market include commercial & military airports, weather forecast stations, air balloon operator stations, drone operating stations, etc. The airport weather stations are automated sensor suites designed to facilitate aviation and meteorological operations, and weather forecasting and climatology.  

Impact of COVID-19 Pandemic on Global Aviation Weather Forecasting System Market

The COVID-19 pandemic had a significant impact on the economies of Asian countries, resulting in a decline in GDP and international trade in 2020. The aviation industry in the Asia Pacific region suffered during the first half of the year due to reduced production operations and supply chain disruptions. Many emerging economies had to reduce their aviation budgets to redirect funding towards the healthcare sector to meet the increased demand.

China had 241 licensed transport airports by the end of 2020, with 114 new airport projects initiated or continued during the year. In comparison to 2012, China had 58 more airports, indicating the commencement of approximately seven new airports each year. According to the Civil Aviation Administration of China (CAAC) plans issued in February 2021, China aims to have 400 civilian transport airports by the end of 2035, resulting in a 150-percentage-point increase from the 2020 figure. The Airports Council International (ACI) predicts that the country will construct about ten new airports each year by 2035. As a result, the aviation weather forecasting system market is expected to grow in countries like China, India, Japan, Australia, South Korea, and Taiwan during the COVID-recovery period from 2021 onwards, leading to an increase in demand for LIDAR, AWOS, sensors, radar, ceilometer, and other related technologies.

The MEA aviation weather forecasting system market is sub-divided into Saudi Arabia, South Africa, the UAE, and the remaining MEA region. The region has witnessed a rise in both passenger and cargo air traffic, leading to an increase in investment in the development and reconstruction of modern airport facilities. For example, the ongoing construction of the new Addis Ababa International Airport, scheduled for completion in 2024, is expected to generate new opportunities for aviation weather forecasting system market players during the forecast period. Moreover, the Saudi Arabian government is constructing the Red Sea International Airport to accommodate 900 passengers per hour under the Vision 2030 strategy. In August 2021, the Nigerian government announced a US$ 40.3 million investment for various aviation projects, including the development and refurbishment of airports. Additionally, the construction of Wachakal Airport with an investment of US$ 1.52 million is underway. As a result, the increasing passenger traffic and the growing number of airport construction and expansion (including the modernization of existing airports) projects are expected to boost the MEA aviation weather forecasting system market growth. Some of the key market players operating in the MEA region include Campbell Scientific, Inc., Collins Aerospace, IBM Corporation, and Universal Weather and Aviation, Inc.

The commercial aircraft deliveries in Latin America are expected to reach approximately 2,240 units by the end of 2041, as per the Boeing Commercial Outlook (2022-2041) report. The increasing number of aircraft deliveries would necessitate the need for modernized and smart airport infrastructure to prevent unforeseen incidents, which would drive the demand for weather forecasting services. The aviation weather forecasting system market in South America (SAM) has been analyzed based on the prevalent trends in Brazil and the Rest of South America. According to a CEPAL report, South America is expected to require a total investment of USD 25.5 billion between 2016 and 2025 to bridge the capacity gap in airport infrastructure, which is expected to accelerate the adoption of aviation weather forecasting systems in airports and propel the growth of the aviation weather forecasting system market in the South America region. In January 2021, Lima's Jorge Chavez International Airport announced a significant expansion program that includes the development of a new passenger terminal, a second runway, taxiways, and a new air traffic control (ATC) tower. To fund this development program, Lima Airport Partners have signed an agreement for a USD 450 million loan.

Campbell Scientific, Inc.; Collins Aerospace; IBM Corporation; Sutron Corporation; Vaisala; Universal Weather and Aviation Inc.; ENAV S.p.A.; DTN; and Spire Global are the aviation weather forecasting system market players profiled in this market study.

The overall aviation weather forecasting system market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the aviation weather forecasting system market. The process also serves the purpose of obtaining an overview and forecast of the aviation weather forecasting system market growth with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. Participants of this process include VPs, business development managers, aviation weather forecasting system market intelligence managers, national sales managers, and external consultants-such as valuation experts, research analysts, and key opinion leaders-specializing in the global aviation weather forecasting system market.