The global automated weather observation system market size is expected to showcase substantial growth in the forthcoming years. This information is published by Fortune Business Insights™ in its report “Automated Weather Observation System Market, 2022-2029“. This system is primarily used by the airport authorities for determining weather conditions for takeoff and scheduling the number of fleets. The system provides real-time weather information for pilots and air traffic controllers as mandated by the International Civil Aviation Organization. This efficiently minimizes the risk of accidents in the aviation industry.
Airlifting in Healthcare Sector to Promote Product Demand
The COVID-19 shut down several airports globally to curb the spread of the coronavirus. However, the healthcare sector is experiencing a rise in the use of the aviation sector to airlift critical patients and medical supplies such as oxygen during the pandemic. For example, the Indian Air Force airlifted 9 cryogenic oxygen containers from Dubai and Singapore in April 2021 and landed in the airbase of Panagarh, West Bengal according to official statements by Indian Air Force. This has effectively boosted the demand for such observation systems from the government and military sector who provide healthcare facilities.
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Based on installation type, the market is segmented into embedded and portable. On the basis of deployment of the devices, the market is divided into military & defence airports, commercial services airports, cargo service airports, and heliports/helidecks. By point of sale, the market is bifurcated into direct sale and indirect sale. Based on geography, the market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
What Does the Report Contain?
The global market for automated weather observation system report is prepared in a manner to serve the needs of various stakeholders across the market. The estimations, challenges, potential opportunities, future trends, and much more are enlisted to help the client make strategic decisions. The data has been collected and analysed using various research methodologies. Also, the direct and indirect factors affecting the market dynamics have been enlisted for the benefit of the client. This provides the client with accurate conclusions regarding the market.
Russia-Ukraine War Implication
The Russia-Ukraine war could change the market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.
There is hardly any sector that the war has left untouched, especially aggravating the business landscape of sectors ranging from aerospace to oil & gas. Amidst prevailing challenges, stakeholders are gearing to turn adversities into opportunities. However, soaring military aid for Ukraine could provide impetus to stakeholders. Meanwhile, it is to be noted that the relevant sanction could augment operating costs and disrupt industries.
The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement.
Adoption of Advanced Technologies in Product to Surge Growth
This industry is experiencing high investment by the government of various countries such as the USA which ensures the automated weather observation system market growth. Prominent players such as The Weather Company are investing in artificial intelligence based systems to provide higher accuracy of weather reports.
Technological advances in the automated weather observation system are acting as a driver for the market. Emerging technologies such as the internet of things, big data analytics, artificial intelligence, and the next generation meteorological systems are expected to propel the growth of this industry. For instance, in August 2019, Foreca Oy’s business to business weather services was acquitted by Vaisala to develop more powerful modeling and decision support systems. The systems will be equipped to handle operations for consumers significantly impacted by weather conditions.
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Availability of Advanced Equipment for Product Utility to Surge Demand in North America
North America is expected to hold the largest automated weather observation system market share. Growth is projected during the foreseeable future with the introduction of the latest technologies. Intensive investments in research and development, along with the availability of advanced equipment to support artificial intelligence, are the major factors of growth across the region.
Asia Pacific is expected to showcase significant growth during the forecast period. The increasing adoption of meteorological devices to receive information in remote locations is expected to garner substantial growth. Moreover, the surging demand for commercial planes is expected to boost product demand.
Investment in Research by Prominent Players to Amplify Their Market Positions
The competitive landscape has few but strong prominent players. This is a research-intensive industry that requires heavy investment for growth. The constantly advancing technology in this sector changes market dynamics. Partnerships and collaborations by prominent players are projected to boost the market growth. The rising demand from the government and military is expected to allow more companies to try the business of automated weather observation systems.
February 2020: Indian Meteorological Department equipped 18 airports with integrated automated weather observation systems where an average of 500 weekly flights was experienced.
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List of Key Players Profiled in the Market:
- All Weather Inc.
- Campbell Scientific
- Schneider Electric
- Degreane Horizon
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