Aviation Weather Forecasting Services Market Report

Aviation Weather Forecasting Services Market Report

Aviation Weather Forecasting Services Market Report
Report code - SRAD143 Published On : Jul,2019 No. of Pages: 178
Aviation Weather Forecasting Services Market Size, Share, Trend, Forecast, & Competiti See more...

Market Insights

"The global aviation weather forecasting services market is projected to grow at an impressive growth rate over the next five years to reach US$ 447.6 million in 2024."

Aviation-Weather-Forecasting-Services-Market-Insights

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Market Dynamics

An organic growth of the aircraft industry, rising aircraft fleet size, increasing focus on improving safety and operational efficiency, and advancement in avionics technology are likely to create a sustainable demand for weather forecasting services in the aviation industry in the foreseen future.

Boeing anticipated that there would be total deliveries of 44,040 commercial and regional aircraft worth US$ 6.8 trillion in the global marketplace during 2019-2038. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 62.8% of the total commercial aircraft deliveries during 2019-2038. An expected healthy CAGR of 4.6% in air passenger traffic during 2019-2038 will chiefly drive the demand for commercial aircraft. This is likely to facilitate a healthy long-term demand for weather forecasting services in the coming five years.

The aviation industry is sensitive to the weather and no decision is taken without first putting the weather into consideration. Safety has come under some threat as demand for air travel has increased with an unbalanced increase in airport capacities and facilities coupled with frequent extreme weather conditions being experienced across the world. There have been as many as 79 accidents related to flights during 2012-2017, taking the life of about 2,260 passengers around the world. The weather has been one of the prominent factors for many of these accidents. Besides, increase in focus on operational efficiency and a growth in public-private partnership towards producing more accurate and reliable weather forecasts are further shaping a positive trend in the market.

Segments' Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

Forecasting-Type Analysis

Aerodrome, Area/Route, and Special

Aerodrome forecast is expected to remain the most dominant segment of the aviation weather forecasting services market over the next five years.

Forecasting Duration-Type Analysis

Short-term, Medium-term, and Long-term

Short-term forecast is projected to remain the most dominant segment of the global aviation weather forecasting services market over the next five years.

Distribution Method-Type Analysis

Electronic and Written

The electronic forecast segment is projected to remain the dominant mode of communication in the global aviation weather forecasting services market during the forecast period.

Aviation-Type Analysis

Civil Aviation and Military Aviation

Civil aviation is expected to remain the growth engine for the aviation weather forecasting services market over the next five years.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

North America is expected to remain the largest aviation weather forecasting services market during the forecast period.

Forecasting Trends

"The aerodrome forecast segment accounted for the largest market share."

The global aviation weather forecasting services market is segmented based on the forecasting type as aerodrome forecast, area/route forecast, and special forecast. Aerodrome forecast is expected to remain the most dominant segment of the aviation weather forecasting services market over the next five years. Almost every airport in the world has Terminal Aerodrome Forecast (TAF) written for them. Due to a continuous increase in fleet size and increasing involvement of private players in these services, the segment is expected to grow at a healthy rate in the coming five years.

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Forecasting Duration Trends

"The short-term forecast segment accounted for the largest market share."

The global aviation weather forecasting services market is segmented as short-term, medium-term, and long-term forecast. Short-term forecast is projected to remain the most dominant segment of the global aviation weather forecasting services market over the next five years. Short-term forecasts are the most widely used in the aviation industry, owing to their higher accuracy as compared to longer-term forecasts. Additionally, the technological innovations, an increase in the usage of electronic mode of transmission, and a more efficient weather-model further facilitate the use of short-term forecasts.

Distribution Method Trends

"The electronic forecast segment accounted for the largest market share."

The aviation weather forecasting services market is segmented as electronic and written. The electronic forecast segment is projected to remain the dominant mode of communication in the global aviation weather forecasting services market during the forecast period, propelled by the advancement of technology, uninterrupted data transfer, and a better avionics user-interface.

Aircraft Trends

"The civil aviation segment accounted for the largest market share."

The aviation weather forecasting services market is segmented as civil aviation and military aviation. Civil aviation is expected to remain the growth engine for the aviation weather forecasting services market over the next five years, whereas military aviation is projected to showcase a flatter growth during the same period.

Regional Insights

"North America accounted for the largest market share."

North America is expected to remain the largest aviation weather forecasting services market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The highest growth of Asia-Pacific is driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, presence of the most weather-sensitive nations, such as India and the Philippines, and rising aircraft fleet size.

Key Players

The following are the key players in the aviation weather forecasting services market (arranged alphabetically).

The development of improved weather forecasting models, facilitation of public-private partnership in providing services, and formation of mergers & acquisitions are the key strategies adopted by the key players to gain a competitive edge in the market.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aviation weather forecasting services market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report, from Stratview Research, studies the global aviation weather forecasting services market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Aviation Weather Forecasting Services Market

How lucrative is the future?

Market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirement?

10% free customization

The market is segmented in the following ways:

By Forecasting Type:

  • Aerodrome Forecast
  • Area/Route Forecast
  • Special Forecast

By Forecasting Duration Type:

  • Short-term Forecast
  • Medium-term Forecast
  • Long-term Forecast

By Distribution Method Type:

  • Electronic Forecast
  • Written Forecast

By Aircraft Type:

  • Civil Aviation
  • Military Aviation

By Region:

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, The UK, Spain, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India and Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Latin America, The Middle East, and Others)

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

Frequently Asked Questions (FAQs)

Weather forecasting is a critical service being offered for various industries wherein accurate weather information plays an important role in planning day-to-day activities. Industries, such as Marine, Agriculture, Forestry, Utility Companies, Aviation, and defense, find its use on a large scale. Historically, the aviation sector had been considered as a major meteorological customer and most of the developments made in forecasting services have primarily been for the improvement of meteorological services to aviation. Advancements in technology and aircraft design with the relentless drive for more efficient and safe operations have resulted in a requirement for increasingly accurate, varied, and customer-focused meteorological products and services, particularly for the first 24 hours of the forecast period.

Driven by a number of factors like increasing focus on improving safety and operational efficiency, the aviation weather forecasting services market is projected to reach an estimated value of US$ 447.6 million in 2024.

Universal Weather and Aviation Inc., Rockwell Collins, The Weather Company – IBM, Jeppesen, and World Fuel-Colt. are among the key players in the market.

North America is expected to remain the largest the market during the forecast period of 2019-2024.

Asia-pacific is expected to witness the highest growth in the market in the next five years.

Aerodrome forecast is expected to remain the most dominant segment in the market during the coming five years.

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