Stratview Research announces the launch of a new market research report on Aviation Weather Forecasting Services Market by Forecasting Type (Aerodrome, Area/Route, and Special), by Forecasting Duration Type (Short-term, Medium-term, and Long-term), by Distribution Method Type (Electronic and Written), by Aviation Type (Civil Aviation and Military Aviation), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
This market report, from Stratview Research, studies the aviation weather forecasting services market over the trend period 2012 to 2017 and forecast period of 2018 to 2023. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Aviation Weather Forecasting Services Market: Highlights
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 has been considered 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.
As per Stratview Research, 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 these services in the foreseen future.
Based on the forecasting type, aerodrome forecast is expected to remain the most dominant segment of the market over the next five years. Almost every airport in the world has Terminal Aerodrome Forecast (TAF) written for them. Due to 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.
Short-term forecast is projected to remain the most dominant segment of the market in the coming years, owing to its higher accuracy as compared to longer-term forecasts. Additionally, technological innovations, increase in the usage of electronic mode of transmission, and more efficient weather-model further facilitates the use of short-term forecasts.
Based on the aircraft type, civil aviation is expected to remain the growth engine of 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.
As per the study, North America is expected to remain the largest aviation weather forecasting services market, whereas Asia-Pacific is expected to experience the highest growth during the forecast 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 Philippines, and rising aircraft fleet size.
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. 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 major players to gain a competitive edge in the market.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the global aviation weather forecasting services market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the five ways in which the market is segmented:
Aviation Weather Forecasting Services Market, By Forecasting Type
Aviation Weather Forecasting Services Market, By Forecasting Duration Type
Aviation Weather Forecasting Services Market, By Distribution Method Type
Aviation Weather Forecasting Services Market, By Aircraft Type
Aviation Weather Forecasting Services Market, By Region
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