The market size of aviation weather forecasting systems is expected to grow from $737 million in 2022 to $1,137. 67 million by 2028. From 2022 to 2028, he is estimated to grow at a CAGR of 7.5%.
NEW YORK, Aug. 26, 2022 (GLOBE NEWSWIRE) — Reportlinker.com presents the report, Aviation Weather Forecasting Systems Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Component, Application, and Forecast Type. We are pleased to announce the release of – https://www.reportlinker.com/p06316332/?utm_source=GNW
Increased availability of digital and electronic communication bandwidth has contributed to improved weather forecast accuracy for air operations. Major end-users of the aviation weather system market include commercial and military airports, weather stations, balloon operator stations, and drone operations.station etc.
Airport weather stations are automated sensor suites designed to facilitate aviation and weather operations, as well as weather forecasting and climatology.
Impact of COVID-19 Pandemic on Global Aviation Weather Forecasting Systems Market
Asian countries experienced GDP, international trade, and economic declines in 2020. The Asia-Pacific aviation industry took a hit in the first half of 2020.
The outbreak of the COVID-19 pandemic has reduced production operations and disrupted supply chains across the region. Many emerging economies have had to cut aviation budgets and redirect funds to meet the demands of the entire healthcare sector.
According to data from the Civil Aviation Administration of China (CAAC), China had 241 licensed transportation airports by the end of 2020. 114 new airport projects were started or continued that year. As of 2020, China has 58 more airports compared to 2012. This represents the opening of about seven new airports each 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, an increase of 150 percentage points from the number recorded in 2020. will be According to the Airports Council International (ACI), the country plans to build ~10 new airports each year by her 2035. Therefore, demand for LIDAR, AWOS, sensors, radars, ceilometers, etc. is expected to grow in countries such as China. India, Japan, Australia, South Korea, and Taiwan during the COVID recovery period (2021 and beyond) further drive the growth of the aviation weather forecasting system market.
The Middle East and Africa (MEA) aviation weather forecast system market is segmented into South Africa, Saudi Arabia, United Arab Emirates, and the rest of the MEA. Development and redevelopment of new and technologically advanced airport facilities.
Construction of the new Addis Ababa International Airport is expected to start in 2020 and be completed by 2024, and is also expected to create new opportunities for market participants in aviation weather forecasting systems during the forecast period. Similarly, the Saudi government is building 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 a US$40.3 million investment in several aviation projects. The funds will be used to develop new airports and upgrade existing ones. The Nigerian government also invested her $1.52 million in the construction of Wachakaru Airport. Therefore, with the continued surge in passenger traffic at airports, an increase in the number of airport construction and expansion (including modernization of existing airports) projects will boost the growth of the aviation weather forecasting system market in the MEA region. Players in the aviation weather forecasting systems market across the MEA region include Campbell Scientific, Inc. Collins Aerospace; IBM Corporation; Universal Weather and Aviation, Inc.
According to the Boeing Commercial Outlook (2022–2041), commercial aircraft deliveries in Latin America are expected to reach approximately 2,240 units by the end of 2041. Prevent unforeseen events and boost demand for weather forecasting services.
SAM’s aviation weather forecast system market is analyzed based on the trends prevalent in Brazil and the rest of South America. According to a report published by CEPAL, South America could require a total investment of US$25.5 billion between 2016 and 2025 to fill the capacity gap in airport infrastructure. This is also expected to drive the adoption of aviation weather systems across these airports driving the growth of the aviation weather 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 signed a US$450 million loan agreement to fund this development programme.
Collins Aerospace; IBM Corporation; Stron Ltd.; Vaisala; Universal Weather and Aviation Inc.; market player.
The overall Aviation Weather Forecasting Systems market size has been derived using both primary and secondary sources. To initiate the research process, an exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Aviation Weather Forecasting Systems market.
This process also serves the purpose of obtaining an overview and forecast of the Aviation Weather Forecasting Systems market growth for all market segments. topic.
Participants in this process include vice presidents, business development managers, market intelligence managers for aviation weather forecasting systems, domestic sales managers, external consultants (e.g., valuation experts, research analysts, key opinion leaders, etc.), It specializes in the global aviation weather forecast system market.
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