Aviation Weather Forecasting Services Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3055
Aviation Weather Forecasting Services Market size will observe a lucrative growth from 2018 to 2024 propelled by increasing requirement for appropriate weather forecasting services for airliners for providing uninterrupted flights across various networks. Real time updates related to diversified climates including heavy storms, rain, and continuous monitoring of the temperature is fueling the industry expansion till 2024.
Improving customer in-cabin experience including the availability of specialized screens providing customers with detailed information including altitude, range of flight, along with the weather forecast of the destination is boosting the market growth over the study timeframe. The availability of continuous weather forecasts enables airliners to plan their flight schedules accordingly and contribute towards increasing operational efficiency. The combination of multiple permutation and combinations for forecasting weather to the airliners is playing a significant role in the aviation weather forecasting services market proliferation till 2024.
Government organizations including The National Severe Storms Laboratory (NSSL) are continuously working on improving and developing advanced algorithms for development of TDWR and NEXRAD radars. Further, the National Weather Service along with the Federal Aviation Administration (FAA) are engaged in the development of specialized Severe Warning Applications and Technology Transfer program for better filtering of echoes along with interpretation of algorithms to calculate the horizontal component of the wind field from multiple radars.
Advancements in radar systems allows for improved and efficient weather tracking for felicitating appropriate air traffic control and air surveillance. For instance, a multi -US Agency initiative under the Department of Defense, Federal Aviation Administration, National Atmospheric & Oceanic Administration, and the Department of Homeland Security are testing the feasibility of a Multifunction Phase Array Radar (MPAR) system that deploys a common phased array-based radar platform for multiple operations including air weather forecasting, thereby providing a positive outlook for the aviation weather forecasting services market expansion.
The performance of aircrafts varies significantly with the wind speed, wind temperature, altimeter setting and the ambient temperature. Thus, regulatory bodies ensure appropriate and reliable supply of the real time weather updates and forecasts for uninterrupted flight operation. The Title 14 of the Code of Federal Regulations (14 CFR) provides multiple regulations and standards for certification and recording of the weather data to be provided on the aircrafts, providing a positive outlook for the aviation weather forecasting services market growth.
Based on range, the aviation weather forecasting services market share is classified as short range, medium range, and long range. The increasing adoption for long range aviation weather forecasting services is attributed to the benefits offered by the technology including high-level route conditions including jet stream activity, frontal systems, and expected turbulence. Further, the continuous weather updates also enable airliners to schedule their flights accordingly and seek overflight permits, thereby positively influencing the market expansion till 2024.
Based on forecasting, the aviation weather forecasting services market share is classified as Special, Area/Route, and Aerodrome. Continuous requirement for providing terminal aerodrome forecast is multiple airports across the globe owing to increasing aircrafts fleet is supporting the aviation weather forecasting services market share over the projected timeframe. Investments by industry participants for increasing the system efficiency along with increasing the forecast range, is further supporting the industry expansion till 2024.
The aviation weather forecasting services market place based on aircrafts is classified into commercial aircraft, military aircraft, regional aircraft, general aviation, and helicopter. Increasing requirement for accurate weather forecasting services to the military aircrafts for supporting their special purpose missions is providing a positive outlook for the industry expansion. Further, the expanding routes of the commercial aircrafts to long distances across multiple countries and water bodies requires continuous and real time updates of the climatic conditions of the specific region for maintaining the aircraft balance, thereby augmenting the industry share over the forecast period.
Asia Pacific will contribute significantly towards the aviation weather forecasting services market place owing to increasing air traffic across the region. Improving living conditions along with increasing disposable income and proliferating tourism sector is providing positive prospects for the industry proliferation. Further, diversified weather conditions require industry participants to offer reliable and high precision weather forecasting solutions for airliners to streamline their aircraft operations, positively influencing the aviation weather forecasting services market expansion till 2024.
Few players in the aviation weather forecasting services market place include Universal Weather and Aviation Inc., UBIMET, The Weather Company, World Fuel-Colt, and Jeppesen. Industry participants are involved in mergers and acquisitions for improving their market share. For instance, in 2016, IBM acquired The Weather Company’s Product & Technology Businesses for expanding their user base, positively influencing their market share till 2024.
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