DUBLIN--(BUSINESS WIRE)--The "Aviation Weather Forecasting Services Market by Forecasting Type, by Forecasting Duration Type, by Distribution Method Type, by Aviation Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global aviation weather forecasting services market is projected to grow at an impressive growth rate over the next five years to reach US$ 426.1 million in 2023.
Organic growth of the aircraft industry, rising aircraft fleet size, increasing focus on improving safety and operational efficiency, and advancement in avionics technology are likely to create a sustainable demand for weather forecasting services in the aviation industry in the foreseen future.
Boeing anticipated that there would be total deliveries of 42,730 commercial and regional aircraft worth US$ 6.35 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 62.5% of the total commercial aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for commercial aircraft. This is likely to facilitate a healthy long-term demand for weather forecasting services in the coming five years.
The aviation industry is sensitive to weather and no decision is taken without first putting the weather into consideration. Safety has come under some threat as demand for air travel has increased with an unbalanced increase in airport capacities and facilities coupled with frequent extreme weather conditions being experienced across the world.
There have been as many as 79 accidents related to flights in the last five years from 2012 to 2017, taking the life of about 2260 passengers around the world. Weather has been one of the prominent factors for many of these accidents. Besides, increase in focus on operational efficiency and growth in public-private partnership towards producing more accurate and reliable weather forecasts are further shaping a positive trend in the market.
Key Topics Covered:
1. Executive Summary
2. Aviation Weather Forecasting Service Market - Overview and Market Forces
3. Aviation Weather Forecasting Service Market Analysis - By Forecasting Type
4. Aviation Weather Forecasting Service Market Analysis - By Forecasting Duration Type
5. Aviation Weather Forecasting Service Market Analysis - By Distribution Method Type
6. Aviation Weather Forecasting Service Market Analysis - By Aviation Type
7. Aircraft Aerodynamic Seals Market Analysis - By Region
8. Competitive Analysis
9. Strategic Growth Opportunities
10. Company Profile of Key Players
- Jeppesen
- The Weather Company - IBM
- Universal Weather and Aviation Inc.
- World Fuel-Colt
For more information about this report visit https://www.researchandmarkets.com/research/qgg45f/aviation_weather?w=4
