Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aviation Weather Forecasting Services Market is expected to reach US$ 447.6 million by the forecast period (2019 – 2024).
As per the report, the market is segmented by:
- by Forecasting Type (Aerodrome Forecast, Area/Route Forecast, and Others) – Aerodrome forecast to remain the most dominant segment.
• by Forecasting Duration Type (Short-term Forecast, Medium-term Forecast, and Others) – Short term forecast to remain most dominant Duration segment.
● by Distribution Method Type (Electronic and Written Forecast) – Electronic Forecast to remain the most dominant Distribution segment.
● by Aircraft Type (Civil and Military Aviation) – Civil aviation remains the growth engine of the market.
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.
Highlights of the Report:
The global aviation weather forecasting services market is segmented based on the forecasting type as Aerodrome Forecast, Area/Route Forecast, and Special Forecast. Aerodrome forecast is expected to remain the most dominant segment of the aviation weather forecasting services market over the next five years. Almost every airport in the world has Terminal Aerodrome Forecast (TAF) written for them. Due to a 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.
Based on the forecasting duration type, the global aviation weather forecasting services market is segmented as Short-Term, Medium-Term, and Long-Term Forecast. Short-term forecast is projected to remain the most dominant segment of the global aviation weather forecasting services market over the next five years. Short-term forecasts are the most widely used in the aviation industry, owing to their higher accuracy as compared to longer-term forecasts. Additionally, the technological innovations, an increase in the usage of electronic mode of transmission, and a more efficient weather-model further facilitate the use of short-term forecasts.
Based on the distribution method type, the aviation weather forecasting services market is segmented as Electronic and Written. The electronic forecast segment is projected to remain the dominant mode of communication in the global aviation weather forecasting services market during the forecast period, propelled by the advancement of technology, uninterrupted data transfer, and a better avionics user-interface.
Based on the aircraft type, the aviation weather forecasting services market is segmented as Civil Aviation and Military Aviation. Civil aviation is expected to remain the growth engine for 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.
Based on regions, North America is expected to remain the largest aviation weather forecasting services market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same 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 the Philippines, and rising aircraft fleet size.
Key Players of the Market
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.
Features of the Report
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 into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:
- Strategic Segmentation
- Competitive Analysis
- Strategic Growth Opportunities
- Swot Analysis
- Key Players
- Forecast Analysis & Future Growth