Aviation Weather Forecasting System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component, Application, and Forecast Type

List of Tables

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

Asian countries experienced a drop in the GDP, international trade, and economy in 2020. The aviation industry in Asia Pacific took a hit during the first half of 2020. The onset of the COVID-19 pandemic resulted in a decrease in production operations and disruptions of supply chains across the region. Many emerging economies had to lower their aviation budgets and redirect the funding to cater to the demand across the healthcare sector.

According to data from the Civil Aviation Administration of China (CAAC), China had 241 licensed transport airports by the end of 2020. 114 new airport projects were initiated or continued during that year. As of 2020, China had 58 more airports compared to that in 2012. This indicates the commencement of ~7 new airports each year. According to plans issued by the Civil Aviation Administration of China (CAAC) 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 number recorded in 2020. Further, as per Airports Council International (ACI), the country will build ~10 new airports each year by 2035. Thus, the demand for LIDAR, AWOS, sensors, radar, ceilometer, etc., is expected to rise in countries such as China, India, Japan, Australia, South Korea, and Taiwan during the COVID-recovery period (2021 onwards) which has further driven the aviation weather forecasting system market growth.

The Middle East & Africa (MEA) aviation weather forecasting system market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The region has experienced an increase in passenger and cargo air traffic, influencing the rise in investment in the development and redevelopment of new and technologically advanced airport facilities. The new Addis Ababa International Airport construction started in 2020 and is expected to be completed by 2024 is also expected to generate new opportunities for aviation weather forecasting system market players during the forecasted period. Similarly, the Saudi Arabian government is constructing the Red Sea International Airport under 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 is allotted toward the development of new airports and renovation of existing airports. The government of Nigeria has also invested US$ 1.52 million in the construction of the Wachakal Airport. Thus, with a continuous surge in passenger traffic at airports, the increasing number of airport construction and expansion (including modernization of existing airports) projects is likely to boost the aviation weather forecasting system market growth in the MEA region. Some of the aviation weather forecasting system market players across the MEA region 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 ~2,240 units by the end of 2041. The rise in aircraft deliveries would, in turn, highlight the need for smart and modernized airport infrastructure to prevent unforeseen incidents, thereby propelling the demand for weather forecasting services. The aviation weather forecasting system market in SAM has been analyzed on the basis of prevalent trends in Brazil and the Rest of South America. According to a report published by CEPAL, South America is likely to require a total investment of US$ 25.5 billion during 2016-2025 to fill the capacity gap in airport infrastructure. This is also expected to catalyze the adoption of aviation weather forecasting systems across those airports which will drive the aviation weather forecasting system market growth in South America region. In January 2021, Jorge Chavez International Airport, in Lima, Peru, announced that they are 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 an agreement for a loan of US$ 450 million to fund this development program.

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.

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The key findings and recommendations highlight crucial progressive industry trends in the global aviation weather forecasting system market, thereby allowing players across the value chain to develop effective long-term strategies
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Product Code: TIPRE00006736

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Aviation Weather Forecasting System Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Buyers
- 4.2.2 Bargaining Power of Suppliers
- 4.2.3 Threat to New Entrants
- 4.2.4 Threat to Substitutes
- 4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Aviation Weather Forecasting System Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increase in Awareness About Safer Aviation Operations
- 5.1.2 Introduction of Electronic Weather Forecasting Systems
5.2 Market Restraints
- 5.2.1 Less Reliable Long-Term Weather Forecasts
5.3 Market Opportunities
- 5.3.1 Deployment of Weather Monitoring Drones
5.4 Future Trends
- 5.4.1 Construction of New Airports and Expansion of Existing Airports Generating Demand for New Installations
5.5 Impact Analysis of Drivers and Restraints

6. Aviation Weather Forecasting System Market - Global Market Analysis

6.1 Aviation Weather Forecasting System Market Global Overview
6.2 Global Aviation Weather Forecasting System Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
6.4 Competitive Benchmarking
- 6.4.1 Competitive Benchmarking
6.5 Growth Matrix

7. Aviation Weather Forecasting System Market Revenue and Forecast to 2028 - Component

7.1 Overview
7.2 Aviation Weather Forecasting System Market, By Component (2021 And 2028)
7.3 Hardware
- 7.3.1 Overview
- 7.3.2 Hardware: Aviation Weather Forecasting System Market Revenue and Forecast To 2028 (US$ Million)
7.4 Software
- 7.4.1 Overview
- 7.4.2 Software: Aviation Weather Forecasting System Market Revenue and Forecast To 2028 (US$ Million)
7.5 Services
- 7.5.1 Overview
- 7.5.2 Services: Aviation Weather Forecasting System Market Revenue and Forecast To 2028 (US$ Million)

8. Aviation Weather Forecasting System Market Revenue and Forecast to 2028 - Application

8.1 Overview
8.2 Aviation Weather Forecasting System Market, By Application (2021 And 2028)
8.3 Weather Stations
- 8.3.1 Overview
- 8.3.2 Weather Stations: Aviation Weather Forecasting System Market Revenue and Forecast To 2028 (US$ Million)
8.4 Weather Drones
- 8.4.1 Overview
- 8.4.2 Weather Drones: Aviation Weather Forecasting System Market Revenue and Forecast To 2028 (US$ Million)
8.5 Weather Balloons
- 8.5.1 Overview
- 8.5.2 Weather Balloons: Aviation Weather Forecasting System Market Revenue and Forecast To 2028 (US$ Million)
8.6 Others
- 8.6.1 Overview
- 8.6.2 Others: Aviation Weather Forecasting System Market Revenue and Forecast To 2028 (US$ Million)

9. Aviation Weather Forecasting System Market Revenue and Forecast to 2028 - Forecast Type

9.1 Overview
9.2 Aviation Weather Forecasting System Market, By Application (2021 And 2028)
9.3 Short-Range
- 9.3.1 Overview
- 9.3.2 Short-Range: Aviation Weather Forecasting System Market Revenue and Forecast To 2028 (US$ Million)
9.4 Medium-Range
- 9.4.1 Overview
- 9.4.2 Medium-Range: Aviation Weather Forecasting System Market Revenue and Forecast To 2028 (US$ Million)
9.5 Extended-Range
- 9.5.1 Overview
- 9.5.2 Extended-Range: Aviation Weather Forecasting System Market Revenue and Forecast To 2028 (US$ Million)
9.6 Long-Range
- 9.6.1 Overview
- 9.6.2 Long-Range: Aviation Weather Forecasting System Market Revenue and Forecast To 2028 (US$ Million)

10. Aviation Weather Forecasting System Market - Geographic Analysis

10.1 Overview
10.2 North America: Aviation Weather Forecasting System Market
- 10.2.1 North America: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
- 10.2.2 North America: Aviation Weather Forecasting System Market, by Component
- 10.2.3 North America: Aviation Weather Forecasting System Market, by Application
- 10.2.4 North America: Aviation Weather Forecasting System Market, by Forecast Type
- 10.2.5 North America: Aviation Weather Forecasting System Market, by Key Country
  - 10.2.5.1 US: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.1.1 US: Aviation Weather Forecasting System Market, by Component
    - 10.2.5.1.2 US: Aviation Weather Forecasting System Market, by Application
    - 10.2.5.1.3 US: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.2.5.2 Canada: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.2.1 Canada: Aviation Weather Forecasting System Market, by Component
    - 10.2.5.2.2 Canada: Aviation Weather Forecasting System Market, by Application
    - 10.2.5.2.3 Canada: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.2.5.3 Mexico: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.2.5.3.1 Mexico: Aviation Weather Forecasting System Market, by Component
    - 10.2.5.3.2 Mexico: Aviation Weather Forecasting System Market, by Application
    - 10.2.5.3.3 Mexico: Aviation Weather Forecasting System Market, by Forecast Type
10.3 Europe: Aviation Weather Forecasting System Market
- 10.3.1 Europe: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3.2 Europe: Aviation Weather Forecasting System Market, by Component
- 10.3.3 Europe: Aviation Weather Forecasting System Market, by Application
- 10.3.4 Europe: Aviation Weather Forecasting System Market, by Forecast Type
- 10.3.5 Europe: Aviation Weather Forecasting System Market, by Key Country
  - 10.3.5.1 Germany: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.1.1 Germany: Aviation Weather Forecasting System Market, by Component
    - 10.3.5.1.2 Germany: Aviation Weather Forecasting System Market, by Application
    - 10.3.5.1.3 Germany: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.3.5.2 France: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.2.1 France: Aviation Weather Forecasting System Market, by Component
    - 10.3.5.2.2 France: Aviation Weather Forecasting System Market, by Application
    - 10.3.5.2.3 France: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.3.5.3 Italy: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.3.1 Italy: Aviation Weather Forecasting System Market, by Component
    - 10.3.5.3.2 Italy: Airborne SATCOM (MCX) Market, by Application
    - 10.3.5.3.3 Italy: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.3.5.4 UK: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.4.1 UK: Aviation Weather Forecasting System Market, by Component
    - 10.3.5.4.2 UK: Aviation Weather Forecasting System Market, by Application
    - 10.3.5.4.3 UK: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.3.5.5 Russia: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.5.1 Russia: Aviation Weather Forecasting System Market, by Component
    - 10.3.5.5.2 Russia: Aviation Weather Forecasting System Market, by Application
    - 10.3.5.5.3 Russia: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.3.5.6 Rest of Europe: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.3.5.6.1 The Rest of Europe Rest of Europe: Aviation Weather Forecasting System Market, by Component
    - 10.3.5.6.2 Rest of Europe: Aviation Weather Forecasting System Market, by Application
    - 10.3.5.6.3 Rest of Europe: Aviation Weather Forecasting System Market, by Forecast Type
10.4 Asia Pacific: Aviation Weather Forecasting System Market
- 10.4.1 APAC: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4.2 APAC: Aviation Weather Forecasting System Market, by Component
- 10.4.3 APAC: Aviation Weather Forecasting System Market, by Application
- 10.4.4 APAC: Aviation Weather Forecasting System Market, by Forecast Type
- 10.4.5 APAC: Aviation Weather Forecasting System Market, by Key Country
  - 10.4.5.1 Australia: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.1.1 Australia: Aviation Weather Forecasting System Market, by Component
    - 10.4.5.1.2 Australia: Aviation Weather Forecasting System Market, by Application
    - 10.4.5.1.3 Australia: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.4.5.2 China: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.2.1 China: Aviation Weather Forecasting System Market, by Component
    - 10.4.5.2.2 China: Aviation Weather Forecasting System Market, by Application
    - 10.4.5.2.3 China: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.4.5.3 India: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.3.1 India: Aviation Weather Forecasting System Market, by Component
    - 10.4.5.3.2 India: Aviation Weather Forecasting System Market, by Application
    - 10.4.5.3.3 India: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.4.5.4 Japan: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.4.1 Japan: Aviation Weather Forecasting System Market, by Component
    - 10.4.5.4.2 Japan: Aviation Weather Forecasting System Market, by Application
    - 10.4.5.4.3 Japan: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.4.5.5 South Korea: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.5.1 South Korea: Aviation Weather Forecasting System Market, by Component
    - 10.4.5.5.2 South Korea: Aviation Weather Forecasting System Market, by Application
    - 10.4.5.5.3 South Korea: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.4.5.6 Rest of APAC: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.4.5.6.1 Rest of APAC: Aviation Weather Forecasting System Market, by Component
    - 10.4.5.6.2 Rest of APAC: Aviation Weather Forecasting System Market, by Application
    - 10.4.5.6.3 Rest of APAC: Aviation Weather Forecasting System Market, by Forecast Type
10.5 Middle East & Africa: Aviation Weather Forecasting System Market
- 10.5.1 MEA: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5.2 MEA: Aviation Weather Forecasting System Market, by Component
- 10.5.3 MEA: Aviation Weather Forecasting System Market, by Application
- 10.5.4 MEA: Aviation Weather Forecasting System Market, by Forecast Type
- 10.5.5 MEA: Aviation Weather Forecasting System Market, by Key Country
  - 10.5.5.1 South Africa: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.1.1 South Africa: Aviation Weather Forecasting System Market, by Component
    - 10.5.5.1.2 South Africa: Aviation Weather Forecasting System Market, by Application
    - 10.5.5.1.3 South Africa: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.5.5.2 Saudi Arabia: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.2.1 Saudi Arabia: Aviation Weather Forecasting System Market, by Component
    - 10.5.5.2.2 Saudi Arabia: Aviation Weather Forecasting System Market, by Application
    - 10.5.5.2.3 Saudi Arabia: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.5.5.3 UAE: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.3.1 UAE: Aviation Weather Forecasting System Market, by Component
    - 10.5.5.3.2 UAE: Aviation Weather Forecasting System Market, by Application
    - 10.5.5.3.3 UAE: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.5.5.4 Rest of MEA: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.5.5.4.1 Rest of MEA: Aviation Weather Forecasting System Market, by Component
    - 10.5.5.4.2 Rest of MEA: Aviation Weather Forecasting System Market, by Application
    - 10.5.5.4.3 Rest of MEA: Aviation Weather Forecasting System Market, by Forecast Type
10.6 SAM: Aviation Weather Forecasting System Market
- 10.6.1 SAM: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
- 10.6.2 SAM: Aviation Weather Forecasting System Market, by Component
- 10.6.3 SAM: Aviation Weather Forecasting System Market, by Application
- 10.6.4 SAM: Aviation Weather Forecasting System Market, by Forecast Type
- 10.6.5 SAM: Aviation Weather Forecasting System (MCX) Market, by Key Country
  - 10.6.5.1 Brazil: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.6.5.1.1 Brazil: Aviation Weather Forecasting System Market, by Component
    - 10.6.5.1.2 Brazil: Aviation Weather Forecasting System Market, by Application
    - 10.6.5.1.3 Brazil: Aviation Weather Forecasting System Market, by Forecast Type
  - 10.6.5.2 Rest of SAM: Aviation Weather Forecasting System Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.6.5.2.1 Rest of SAM: Aviation Weather Forecasting System Market, by Component
    - 10.6.5.2.2 Rest of SAM: Aviation Weather Forecasting System Market, by Application
    - 10.6.5.2.3 Rest of SAM: Aviation Weather Forecasting System Market, by Forecast Type

11. Aviation Weather Forecasting System Market - COVID-19 Impact Analysis

11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 MEA: Impact Assessment of COVID-19 Pandemic
11.6 South America Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development

13. Company Profiles

13.1 Campbell Scientific, Inc.
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Collins Aerospace
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 IBM Corporation
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 ENAV S.p.A.
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Universal Weather and Aviation, Inc.
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Service
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Sutron
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 UBIMET
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Vaisala
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 DTN
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Spire Global
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index