Press release
Global Automated Weather Observation System Market To be Driven by the Growing Air Traffic in the Forecast Period Of 2023-2028
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 8.3%
The global automated weather observation system industry is expected to be driven by growing air traffic, expanding airport operations, increased emphasis on safe and efficient airport operations, and evolving regulations. Automated weather observation systems (AWOS) are gaining the attention of most airport authorities to determine correct weather conditions while planning for take-offs or scheduling the number of flights.
The growing concerns about passenger safety, increased runway capacity, demands for airport efficiency, and the re-strategies of prominent players are likely to drive the market trend upward. The industry's growth is likely to be fuelled by emerging technologies, such as the internet of things, big data analytics, artificial intelligence, and next-generation meteorological systems. The use of meteorological equipment to receive information in remote regions is likely to increase significantly. Also, the rising demand for commercial planes is likely to drive up the product demand.
Industry Definition and Major Segments
The Automated Weather Observation System (AWOS) is a fully adjustable airport weather system that offers continuous, real-time weather data and reporting. Aviation service providers operate, maintain, and oversee the majority of AWOS stations.
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By installation type, the market is segmented into:
• Embedded
• Portable
By deployment, the market is divided into:
• Military and Defence Airports
• Commercial Service Airports
• Cargo Service Airports
• Heliports/Helidecks
By point of sale, the market is classified into:
• Direct Sale
• Indirect Sale
On the basis of region, the market is segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
Modern automated weather observation systems abide by regulatory requirements, offer ease of use and long-term performance, and are designed to grow with the airport; these features make the solutions suitable for long-term investment with lower life-cycle costs. Advanced solutions, while functioning as automated weather observation systems, may be expanded by integrating added systems for inclement weather and runway management. These features are expected to augment the market growth. Robust airport infrastructure paired with high investments is providing traction to the global market.
Announced investments for new airport development, up-gradation of the existing ones, and increasing air traffic are some of the primary factors likely to augment the AWOS market over the forecast period. For example, the Indian Meteorological Department (IMD), for example, equipped 18 airports with integrated automated weather observation systems in February 2020, with an average of 500 weekly flights.
Key Market Players
The major players in the market are Vaisala OYJ, The Weather Company, Coastal Environmental Systems Optical Scientific Inc., AJY Engineering, Inc., and All Weather, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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