DUBLIN–(BUSINESS WIRE)–The report “Aviation Weather Prediction System Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Component, Application and Forecast Type” has been added to from ResearchAndMarkets.com offer.
The Aviation Weather Prediction System market size is expected to grow from USD 737.09 million in 2022 to USD 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 communications bandwidth contributes to the increasing accuracy of weather forecasting for aircraft operations.
The major end-users of the Aviation Weather Forecasting System market include commercial and military airports, weather forecast stations, hot air balloon operator stations, drone operation stations, and others. Airport weather stations are sets of automated sensors designed to aid aeronautical and weather operations, and forecasting and climatology.
Impact of the COVID-19 pandemic on the global aviation weather forecasting systems market
Asian countries experienced decline in GDP, international trade and economy in 2020. The aviation industry in Asia-Pacific was affected in the first half of 2020.
The outbreak of the COVID-19 pandemic has led to reduced production operations and supply chain disruptions across the region. Many emerging economies have had to cut aviation budgets and redirect funding to meet demand in the healthcare sector.
According to data from the Civil Aviation Administration of China (CAAC), China had 241 approved transport airports at the end of 2020. 114 new airport projects were launched or continued during this year. In 2020, China had 58 more airports than in 2012. This indicates the start of about 7 new airports every year.
According to plans released by the Civil Aviation Administration of China (CAAC) in February 2021, China aims to have 400 civil transport airports by the end of 2035, which will lead to an increase of 150 percentage points compared to the number recorded in 2020. Also, according to Airports Council International (ACI), the country will build about 10 new airports every year by 2035.
Thus, the demand for LIDAR, AWOS, sensors, radar, ceilometer, etc. is expected to increase in countries such as China, India, Japan, Australia, South Korea, and Taiwan during the COVID recovery period (from 2021) which has further boosted the growth of the system market weather forecasting for aviation.
The Middle East and Africa (MEA) aviation weather forecasting system market is segmented into South Africa, Saudi Arabia, UAE, and Rest of MEA. The region has seen an increase in passenger and cargo air traffic, influencing the rise in investment in the development and redevelopment of new, technologically advanced airport facilities.
The construction of the new Addis Ababa International Airport started in 2020 and is expected to be completed by 2024 and is also expected to generate new opportunities for Aviation Weather Forecasting System market players during the period of forecast. Similarly, the Saudi government is building the Red Sea International Airport as part of the Saudi 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 is earmarked 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.
Thus, with a continuous increase in passenger traffic at airports, the increasing number of airport construction and expansion projects (including modernization of existing airports) is likely to drive the growth of the weather forecasting system market for aviation in the MEA region. Some of the Aviation Weather Prediction System market players in MEA include Campbell Scientific, Inc.; Collins Aerospace; IBM Corporation; and Universal Weather and Aviation, Inc.
According to Boeing Commercial Outlook (2022-2041), commercial aircraft deliveries in Latin America are expected to reach approximately 2,240 units by the end of 2041. The increase in aircraft deliveries, in turn, would highlight the need for smart and upgraded airport infrastructure to prevent unforeseen incidents, thus propelling the demand for weather forecasting services.
The Aviation Weather Prediction Systems Market in SAM has been analyzed based on the prevailing trends in Brazil and the rest of South America. According to a report published by CEPAL, South America is expected to require a total investment of US$25.5 billion between 2016 and 2025 to fill the airport infrastructure capacity gap.
This is also expected to catalyze the adoption of aviation weather forecasting systems at these airports, which will drive the growth of the aviation weather forecasting systems market in the South America region. In January 2021, Jorge Chavez International Airport, Lima, Peru announced that it was undergoing a major expansion.
The airport’s 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 has signed an agreement for a loan of 450 million US dollars to finance this development program.
Key market dynamics
Increased awareness of flight operations safety
Introduction of electronic weather forecasting systems
Less reliable long-term weather forecasts
Deployment of weather surveillance drones
Construction of new airports and expansion of existing airports generating demand for new facilities
Campbell Scientific, Inc.
Universal Weather and Aviation, Inc.
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