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North America 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)
- Report Code : BMIRE00027164
- Pages : 126
The aviation weather forecasting system market in North America is expected to grow from US$ 258.29 million in 2022 to US$ 377.04 million by 2028; it is estimated to grow at a CAGR of 6.5% from 2022 to 2028.
The introduction and adoption of electronic systems related to weather forecasting are driving the market vendors to develop innovative products and cater to the burgeoning demand. Further, several airports are taking initiatives to install electronic weather monitoring systems across their runways and airport premises to attain safer operations across the facilities. The vendors across the aviation weather forecasting system market are also focusing on developing AI-based software systems to provide better visual and graphical representations for an aviation weather forecasting report. The installation of electronic and automated systems across airports is another major factor demanding the deployment of electronic and digital systems for weather forecasting and analytics to minimize the manual errors. Such factors are propelling the aviation forecasting systems market growth.
Furthermore, the traditional forecast process involved outsourcing metrological forecast services that involved a lot of text-based paperwork that also used numerical weather prediction. This process was typically schedule-driven, product-oriented, and labor-intensive. Since the past decade, weather forecasting has transformed drastically with the implementation of technologies that provide much more accurate data in terms of weather forecasts. Computer technologies, electronic systems, and high-speed disseminating systems (e.g., the internet) are evolving the weather forecasting operations to much better and more accurate results. Further, the electronic systems provide output in user-friendly, digital, and graphical formats that are more feasible and informative for the reader or analyst. Such factors are catalyzing the adoption of electronic aviation weather forecast systems, thereby catalyzing the aviation weather forecasting system market growth.
North America Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
North America Aviation Weather Forecasting System Market Segmentation
The North America aviation weather forecasting system market is segmented on the basis of component, application, forecast type, and country. Based on component, the market is segmented into hardware, software, and services. In 2022, the hardware segment held the largest share of the market and is expected to register the highest CAGR during the forecast period. By application, the North America aviation weather forecasting system market is categorized into weather stations, weather drones, weather balloons, and others. The weather stations segment held the largest market share in 2022, and the weather drones segment is expected to register the highest CAGR in the market during the forecast period. In terms of forecast type, the North America aviation weather forecasting system market is segmented into short-range, medium-range, extended-range, and long-range. The short-range segment held the largest market share in 2022 and is expected to register the highest CAGR in the market during the forecast period. From country point of reference, the North America aviation weather forecasting system market is divided into the US, Canada, and Mexico. In 2022, the US held the largest market share and is expected to register the highest CAGR during the forecast period.
Campbell Scientific, Inc.; Collins Aerospace; IBM Corporation; Universal Weather and Aviation, Inc.; Sutron; UBIMET; Vaisala; DTN; and Spire Global are among the leading companies operating in the North America aviation weather forecasting system market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Aviation Weather Forecasting System Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Aviation Weather Forecasting System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Burgeoning Awareness About Safer Aviation Operations
5.1.2 Introduction of Electronic Weather Forecasting Systems
5.2 Market Restraints
5.2.1 Less Reliable Long-Term Weather Forecasts
5.3 Market Opportunities
5.3.1 Deployment of Weather Monitoring Drones
5.4 Impact Analysis of Drivers and Restraints
6. North America Aviation Weather Forecasting System Market Analysis
6.1 North America Aviation Weather Forecasting System Market Overview
6.2 North America Aviation Weather Forecasting System Market Forecast and Analysis
7. North America Aviation Weather Forecasting System Market – by Component
7.1 Overview
7.2 North America Aviation Weather Forecasting System Market, by Component
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.2 Services: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
8. North America Aviation Weather Forecasting System Market – by Application
8.1 Overview
8.2 North America Aviation Weather Forecasting System Market, by Application
8.3 Weather Stations
8.3.1 Overview
8.3.2 Weather Stations: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
8.4 Weather Drones
8.4.1 Overview
8.4.2 Weather Drones: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
8.5 Weather Balloons
8.5.1 Overview
8.5.2 Weather Balloons: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
9. North America Aviation Weather Forecasting System Market – by Forecast Type
9.1 Overview
9.2 North America Aviation Weather Forecasting System Market, by Forecast Type
9.3 Short-Range
9.3.1 Overview
9.3.2 Short-Range: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
9.4 Medium-Range
9.4.1 Overview
9.4.2 Medium-Range: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
9.5 Extended-Range
9.5.1 Overview
9.5.2 Extended-Range: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
9.6 Long-Range
9.6.1 Overview
9.6.2 Long-Range: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
10. North America Aviation Weather Forecasting System Market – Country Analysis
10.1 Overview
10.1.1 North America: Aviation Weather Forecasting System Market, by Key Country
10.1.1.1 US: Aviation Weather Forecasting System Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Aviation Weather Forecasting System Market, by Component
10.1.1.1.2 US: Aviation Weather Forecasting System Market, by Application
10.1.1.1.3 US: Aviation Weather Forecasting System Market, by Forecast Type
10.1.1.2 Canada: Aviation Weather Forecasting System Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Aviation Weather Forecasting System Market, by Component
10.1.1.2.2 Canada: Aviation Weather Forecasting System Market, by Application
10.1.1.2.3 Canada: Aviation Weather Forecasting System Market, by Forecast Type
10.1.1.3 Mexico: Aviation Weather Forecasting System Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Aviation Weather Forecasting System Market, by Component
10.1.1.3.2 Mexico: Aviation Weather Forecasting System Market, by Application
10.1.1.3.3 Mexico: Aviation Weather Forecasting System Market, by Forecast Type
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Campbell Scientific, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Collins Aerospace
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 IBM Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Universal Weather and Aviation, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Service
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Sutron
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 UBIMET
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Vaisala
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 DTN
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Spire Global
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Aviation Weather Forecasting System Market, Revenue and Forecast, 2020–2028 (US$ Million)
Table 2. US: Aviation Weather Forecasting System Market, by Component –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Aviation Weather Forecasting System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Aviation Weather Forecasting System Market, by Forecast Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Aviation Weather Forecasting System Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Aviation Weather Forecasting System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Aviation Weather Forecasting System Market, by Forecast Type– Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Aviation Weather Forecasting System Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Aviation Weather Forecasting System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Aviation Weather Forecasting System Market, by Forecast Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Aviation Weather Forecasting System Market Segmentation
Figure 2. North America Aviation Weather Forecasting System Market Segmentation – Country
Figure 3. North America Aviation Weather Forecasting System Market Overview
Figure 4. North America Aviation Weather Forecasting System Market, By Component
Figure 5. North America Aviation Weather Forecasting System Market, By Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. North America Aviation Weather Forecasting System Market- Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. North America Aviation Weather Forecasting System Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Aviation Weather Forecasting System Market, Forecast and Analysis (US$ Million)
Figure 11. North America Aviation Weather Forecasting System Market Revenue Share, by Component (2021 and 2028)
Figure 12. Hardware: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Software: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Services: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Aviation Weather Forecasting System Market Revenue Share, by Application (2021 and 2028)
Figure 16. Weather Stations: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Weather Drones: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Weather Balloons: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Others: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Aviation Weather Forecasting System Market Revenue Share, by Forecast Type (2021 and 2028)
Figure 21. Short-Range: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Medium-Range: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Extended-Range: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Long-Range: Aviation Weather Forecasting System Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Geographic Overview of North America Aviation Weather Forecasting System Market
Figure 26. North America: Aviation Weather Forecasting System Market Revenue Share, by Key Country (2021 and 2028)
Figure 27. US: Aviation Weather Forecasting System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Aviation Weather Forecasting System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Aviation Weather Forecasting System Market – Revenue and Forecast to 2028 (US$ Million)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America aviation weather forecasting system market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the North America aviation weather forecasting system market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the aviation weather forecasting system market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
The List of Companies – North America Aviation Weather Forecasting System Market
● Campbell Scientific, Inc.
● Collins Aerospace
● IBM Corporation
● ENAV S.p.A.
● Universal Weather and Aviation, Inc.
● Sutron
● UBIMET
● Vaisala
● DTN
● Spire Global
At 6.5% CAGR, the North America Aviation Weather Forecasting System Market is speculated to be worth US$ 377.04 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the North America aviation weather forecasting system market was valued at US$ 258.29 million in 2022 and is expected to reach US$ 377.04 million by 2028, registering an annual growth rate of 6.5% from 2022 to 2028. Burgeoning awareness for safer aviation operations and introduction of electronic weather forecasting systems.
Airlines are more focused on aircraft safety with the rising aircraft movement worldwide. To ensure aircraft safety, all the aircraft operations are now being monitored at every stage, from flight component checks to flight operations. The airlines focus on avoiding the risk of turbulence to retain the proper working of the aircraft parts for which the aviation weather forecasting data is utilized to achieve a safer flight operation. Several factors such as high cloud and fog, atmospheric temperature, space weather conditions, and levels of volcanic ash in the atmosphere are monitored and analyzed before any flight operation, based on data collected from aviation weather forecasting systems. These systems help generate different weather reports and forecast analyses to make decisions for any flight operations to ensure the safety of passengers and flight operations. Moreover, the demand for safer flight operations among airline operators is also supported by rising awareness about reducing the overall operational costs of an aircraft operation. For instance, according to several aviation sources, airlines can lose ~US$ 13,000 whenever a flight is canceled due to uncertain events, such as unsuitable weather, which is a considerable loss for any airline operating across any airport. Moreover, in 2018, the US airline industry witnessed a loss of around US$ 340 million due to weather-related flight operation delays. Such factors are generating awareness among airline companies to check all the weather details and forecasting data to conduct a cost-effective and safer flight operation.
On the contrary, less reliable long term weather forecasts.
Based on component, the North America aviation weather forecasting system market is segmented into hardware, software, and services. The hardware segment held 44.0% market share in 2022, amassing US$ 112.74 million. It is projected to garner US$ 156.99 million by 2028 to expand at 5.7% CAGR during 2022–2028. Based on application, the North America aviation weather forecasting system market is segmented into weather stations, weather drones, weather balloons, and others. The weather stations segment held 52.6% market share in 2022, amassing US$ 136.48 million. It is projected to garner US$ 203.86 million by 2028 to expand at 6.9% CAGR during 2022–2028. Based on end user, the North America aviation weather forecasting system market is segmented into short-range, medium-range, extended-range, and long-range. The short-range segment held 59.7% market share in 2022, amassing US$ 155.23 million. It is projected to garner US$ 236.56 million by 2028 to expand at 7.3% CAGR during 2022–2028 Based on country, the North America aviation weather forecasting system market has been segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 72.8% market share in 2022. It was assessed at US$ 189.05 million in 2022 and is likely to hit US$ 284.02 million by 2028, exhibiting a CAGR of 7.0% during the forecast period. Key players dominating the North America 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 May 2022, Spire Global has received a five-year, multimillion-dollar award to provide weather forecasts for TCOM, an intelligence, surveillance, and reconnaissance (ISR) firm based in the United States. The subcontract will provide weather forecasts in ten sites where TCOM operates aerostats, which are aircraft that use a lifting gas to become airborne.
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