Aviation Weather Forecasting Services Market | Manufacturers Universal Weather and Aviation, World Fuel | Colt, Jeppesen, a Boeing Company, UBIMET
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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.
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.
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.
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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.
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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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