• Blog
  • Aviation Weather Forecasting Services Market Size, Share & Forecast (2019-2024)

    Aviation Weather Forecasting Services Market Size, Share & Forecast (2019-2024)

    Aviation Weather Forecasting Services Market Size, Share & Forecast (2019-2024)
    Report code - SRAD143 Published On : Jul,2019 No. of Pages: 178

    Aviation Weather Forecasting Services Market Size, Share, Tr See more...

    Purchase Report
    notch

    Aviation Weather Forecasting Services 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. 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.

    Aviation Weather Forecasting Services Market Forecast

    Wish to Get a Free Sample? Click Here

    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.

     

    Aviation Weather Forecasting Services Market Share Analysis

    Aviation Weather Forecasting Services Market Forecast

    Aviation Weather Forecasting Services Market Share by Forecasting Type

    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.

    Aviation Weather Forecasting Services Market Share by Forecasting Duration Type

    Based on the forecasting duration type, 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.

    Aviation Weather Forecasting Services Market Share by Distribution Method Type

    Based on the distribution method type, 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.

    Aviation Weather Forecasting Services Market Share by Aircraft Type

    Based on the aircraft type, 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

    Based on regions, 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

    Some of the key players in the aviation weather forecasting services market include Universal Weather and Aviation Inc., Rockwell Collins, The Weather Company – IBM, Jeppesen, and World Fuel-Colt. 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.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 447.6 million

    Regions Covered

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

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, The UK, Spain, China, Japan, India, Latin America, The Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Aviation Weather Forecasting Services Market Size, Share & Forecast by Forecasting Type:

    • Aerodrome Forecast
    • Area/Route Forecast
    • Special Forecast

    Aviation Weather Forecasting Services Market Size, Share & Forecast by Forecasting Duration Type:

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

    Aviation Weather Forecasting Services Market Size, Share & Forecast by Distribution Method Type:

    • Electronic Forecast
    • Written Forecast

    Aviation Weather Forecasting Services Market Size, Share & Forecast by Aircraft Type:

    • Civil Aviation
    • Military Aviation

    Aviation Weather Forecasting Services Market Size, Share & Forecast 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)

     

    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.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

     


    Frequently Asked Questions (FAQs)

    What is Aviation Weather Forecasting Services?

    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.

    What will be the size of the Aviation Weather Forecasting Services Market in the foreseeable years?

    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.

    Who are the key players in the Aviation Weather Forecasting Services Market?

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

    Which country/region is expected to remain the largest Aviation Weather Forecasting Services Market?

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

    •   

      Why are We Class Apart?

      No One Does Better in Aerospace Market Research Than Us

      Largest Number of Premium Studies in Aerospace Industry

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across Aerospace Value Chain

      Track the Latest Trends in Aerospace Industry

      Know High Growth Opportunities