Report : Asia Pacific Aviation Weather Forecasting System Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – Component (Hardware, Software, and Services), Application (Weather Stations, Weather Drones, Weather Balloons, and Others), and Forecast Type (Short Range, Medium Range, Extended Range, and Long Range)
At 7.6% CAGR, the Asia Pacific Aviation Weather Forecasting System Market is speculated to be worth US$ 377.04 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific aviation weather forecasting system market was valued at US$ 196.08 million in 2022 and is expected to reach US$ 341.11 million by 2028, registering an annual growth rate of 9.7% from 2022 to 2028. Deployment of weather monitoring drones and construction of new airports and expansion of existing airports generating demand for new installations.
Weather drones are specifically designed to fly in the lowest layer of Earth’s atmosphere (the boundary layer), and they are equipped with sensors for collecting information on temperature, wind, humidity, thunderstorms, and air pressure in the atmosphere. The deployment of drones to collect weather data is one of the major factors expected to generate huge opportunities for market vendors during the forecast period. These drones are installed with thermodynamic sensors that collect the weather data such as humidity, pressure, and temperature and report it to weather stations. Real-time forecasting systems can utilize this data at airports. The real-time forecasting system then uses the data to provide weather forecasts and updates for air traffic environments. Several organizations are currently working on more efficient drone data collection systems to achieve more reliable drone weather monitoring systems that can be utilized to deliver more accurate and real-time data for weather forecasting systems across the aviation industry. Further, the constantly rising deployment of high-cost military drones across different military forces is also driving the demand for weather monitoring systems for weather UAV applications. The UAVs are expensive and require a skilled pilot for a flight. Some autonomous UAVs do not require pilots to be flown; however, in bad weather conditions, they cannot be operated safely. Hence, weather forecasting analysis becomes more important for weather drone operators to achieve better operational efficiency. Several military forces are investing heavily in the procurement of UAVs and other unmanned systems, the demand for weather forecasting systems and services are also likely to be higher in the future compared to the current scenario. Such factors are expected to generate huge opportunities for aviation weather forecasting system market vendors during the forecast period.
On the contrary, less reliable long term weather forecasts.
- Based on component, the Asia Pacific aviation weather forecasting system market is segmented into hardware, software, and services. The hardware segment held 43.4% market share in 2022, amassing US$ 84.13 million. It is projected to garner US$ 137.04 million by 2028 to expand at 8.5% CAGR during 2022–2028.
- Based on application, the Asia Pacific aviation weather forecasting system market is segmented into weather stations, weather drones, weather balloons, and others. The weather stations segment held 54.4% market share in 2022, amassing US$ 106.75 million. It is projected to garner US$ 187.28 million by 2028 to expand at 9.8% CAGR during 2022–2028.
- Based on end user, the Asia Pacific aviation weather forecasting system market is segmented into short-range, medium-range, extended-range, and long-range. The short-range segment held 60.7% market share in 2022, amassing US$ 119.61 million. It is projected to garner US$ 213.96 million by 2028 to expand at 10.2% CAGR during 2022–2028
- Based on country, the Asia Pacific aviation weather forecasting system market has been segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. Our regional analysis states that China captured 34.2% market share in 2022. It was assessed at US$ 67.56 million in 2022 and is likely to hit US$ 123.62 million by 2028, exhibiting a CAGR of 10.6% during the forecast period.
Key players dominating the Asia Pacific aviation weather forecasting system market are Campbell Scientific, Inc.; Collins Aerospace; IBM Corporation; Universal Weather and Aviation, Inc.; Sutron; UBIMET; Vaisala; DTN; and Spire Global among others.
- In 2022, Bechtel Engineering and Construction India Private Limited has inked an agreement to assist Tata Projects with the construction of the new Noida International Airport in the Indian state of Uttar Pradesh.
- In 2022, NASA’s super pressure balloon (SPB) launch window opened in New Zealand for a mission that will carry the 2.5-ton, football-stadium-sized balloon on a long-duration test flight.
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