Aviation Weather Forecasting System Market Research Report and Outlook by 2028

The market for aviation weather forecasting systems is projected to expand from US$ 737.09 million in 2022 to US$ 1,137.67 million by 2028, reflecting a compound annual growth rate (CAGR) of 7.5% during this period.

The enhancement of digital and electronic communication bandwidth is significantly improving the precision of weather forecasts essential for aviation operations. Key users of the aviation weather forecasting system market encompass commercial and military airports, meteorological stations, air balloon operators, and drone operation facilities. Airport weather stations, equipped with automated sensor suites, are crucial for supporting aviation and meteorological activities, as well as for weather forecasting and climatology.

Effects of the COVID-19 Pandemic on the Global Aviation Weather Forecasting System Market

The COVID-19 pandemic had a profound effect on the economies of Asian nations, leading to a downturn in GDP and international trade in 2020. The aviation sector in the Asia Pacific region faced challenges in the first half of the year due to diminished production activities and disruptions in supply chains. Many developing countries were compelled to cut their aviation budgets to reallocate funds to the healthcare sector in response to heightened demands.

By the end of 2020, China had 241 licensed transport airports, with 114 new airport projects either initiated or continued throughout the year. This marked an increase of 58 airports since 2012, averaging about seven new airports annually. According to plans released by the Civil Aviation Administration of China (CAAC) in February 2021, the country aims to establish 400 civilian transport airports by 2035, representing a 150% increase from the 2020 count. The Airports Council International (ACI) anticipates that China will build around ten new airports each year until 2035. Consequently, the aviation weather forecasting system market is expected to flourish in nations such as China, India, Japan, Australia, South Korea, and Taiwan during the recovery phase from COVID-19 starting in 2021, leading to heightened demand for technologies like LIDAR, AWOS, sensors, radar, ceilometers, and other related systems.

The Middle East and Africa (MEA) aviation weather forecasting system market is categorized into regions including Saudi Arabia, South Africa, the UAE, and the broader MEA area. This region has experienced a surge in both passenger and cargo air traffic, prompting increased investments in the development and renovation of modern airport facilities. For instance, the ongoing construction of the new Addis Ababa International Airport, set to be completed in 2024, is anticipated to create new opportunities for players in the aviation weather forecasting system market during the forecast period. Additionally, the Saudi government is developing the Red Sea International Airport, which will accommodate 900 passengers per hour as part of its Vision 2030 initiative. In August 2021, the Nigerian government announced a US$ 40.3 million investment for various aviation projects, including airport development and refurbishment. Furthermore, the construction of Wachakal Airport, with an investment of US$ 1.52 million, is currently underway. Thus, the rising passenger traffic and the increasing number of airport construction and expansion projects, including the modernization of existing facilities, are expected to drive growth in the MEA aviation weather forecasting system market. Key players in this region include Campbell Scientific, Inc., Collins Aerospace, IBM Corporation, and Universal Weather and Aviation, Inc.

In Latin America, commercial aircraft deliveries are projected to reach approximately 2,240 units by the end of 2041, according to the Boeing Commercial Outlook (2022-2041) report. The growing number of aircraft deliveries will necessitate the development of modernized and intelligent airport infrastructure to mitigate unforeseen incidents, thereby increasing the demand for weather forecasting services. The aviation weather forecasting system market in South America (SAM) has been evaluated based on trends in Brazil and the rest of the continent. A report by CEPAL indicates that South America will require a total investment of USD 25.5 billion between 2016 and 2025 to address the capacity gap in airport infrastructure, which is expected to accelerate the adoption of aviation weather forecasting systems in airports and stimulate market growth in the region. In January 2021, Lima's Jorge Chavez International Airport announced a major expansion initiative that includes the construction of a new passenger terminal, a second runway, taxiways, and a new air traffic control (ATC) tower. To finance this development, Lima Airport Partners secured a USD 450 million loan.

Key players in the aviation weather forecasting system market include Campbell Scientific, Inc., Collins Aerospace, IBM Corporation, Sutron Corporation, Vaisala, Universal Weather and Aviation Inc., ENAV S.p.A., DTN, and Spire Global, as highlighted in this market analysis.

The overall size of the aviation weather forecasting system market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the aviation weather forecasting system market. This approach also aimed to provide an overview and forecast of market growth across all segments. Additionally, numerous primary interviews were conducted with industry participants and experts to validate the data and gain deeper analytical insights. Participants included VPs, business development managers, market intelligence managers, national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the global aviation weather forecasting system market.