Aviation Weather Forecasting Services Market Projected to Reach US$ 426.1 Million in 2023
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, 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.
The global aviation weather forecasting services market is projected to grow at an impressive growth rate over the next five years to reach US$ 426.1 million in 2023. 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.