Passenger Safety Concerns Providing Impetus to AWOS market
As global airline traffic continues to soar, a vast array of opportunities for automated weather observing system (AWOS) will be foreseen in the coming years.
Global passenger traffic for 2018 rose by a healthy 6.5% as compared to 2017, which is more than the average annual growth of the last ten years, i.e. 5.5%., as per the International Air Transport Association (IATA). These numbers are expected to witness an upward trend in the coming years and calls for enhanced safety systems such as AWOS. The world has witnessed significant instances of airline crashes due to adverse weather conditions over the past decade.
As of 2019, a study by National Transportation Safety Board (NTSB), US has depicted that over two thirds of the total weather related aviation crashes have proved to be fatal. Thus, pertaining to the above and many more aircraft accidents, the airport authorities are continuously striving towards the deployment of reliable automated weather reporting systems.
Automated Weather observing systems (AWOS) is gaining attention of most of the airport authorities for the purpose of determining correct weather conditions while planning for take-offs or scheduling number of flights.
Furthermore, demand for increasing the runway capacity & airport efficiency coupled with array of advantages offered by AWOS configuration and re alignment of strategies by key players are some of the factors boosting the market growth. With this, the global AWOS market is bound to rise with a CAGR of nearly 5% over the assessment period.
North America to Dominate AWOS Installations, Asia Hotbed of Opportunity
From the regional perspective, North America has registered its lead within the AWOS market, claiming 45% of the market share in 2019. Robust airport infrastructure paired with high investments are providing traction to the regional market. However, owing to the resurgent Indian, Chinese and MEA markets, North America is expected to drop considerable market share till 2029.
Announced investments for new airport development, up gradation of the existing ones coupled with increasing air traffic are some of the prime factors pushing the Asia AWOS market over the forecast period. China would replace the U.S. as the largest aviation market by 2037. The other regional powerhouse, India, would jump to third position by 2037.
Furthermore, Government of India is planning to build around 100 new airports by 2024. On the other hand, as of 2017, Chinese government announced plans to spend US$ 11.7 Bn to construct 66 new civil airports over the following five years. Other than these, numerous airport programs across countries such as Indonesia, Thailand and Malaysia also tend to create wide deployment pool for AWOS market.
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Highly Consolidated Market, Aimed At Price Stabilization
Vaisala Inc., Optical Scientific, Inc., All Weather, Inc., Mesotech International and Coastal Environmental Systems are amongst the top vendors that have managed to hold over three fourth of the market share in 2019.
These players are focusing on establishing long term contracts with government and military organizations. Along with this, the vendors are also emphasizing on price corrections to curb the high cost of AWOS. For instance, OSI announced lower cost AWOS AV as an alternative to FAA AWOS.
These new OSI AWOS will meet the requirement of IFR and GPS approaches in less than US$ 100,000 capital investment.
Such strategies are anticipated to be undertaken by Tier 1 players over the near future in order to strengthen their hold within the market. This would increase the level of competition amongst AWOS vendors through which the bargaining power of buyers would be on the higher side. This in turn will increase the installation of AWOS at airports worldwide, thereby driving the market growth.
AWOS Market Segmentation
Fact.MR has studied the AWOS market with detailed segmentation on the basis of configuration, system type, procurement model, deployment location and key regions.
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Automated Weather Observing System (AWOS) Market- Scope Of The Report
The recent study by Fact.MR on AWOS market offers a 10-year forecast between 2019 and 2029. The study analyzes crucial trends that are currently determining the growth of AWOS market.
This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with AWOS industry. The study also provides dynamics that are responsible for influencing the future status of the AWOS market over the forecast period.
A detailed assessment of AWOS value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the AWOS market along with their detailed profiling enhances the reliability of this comprehensive research study.
AWOS Market: Report Summary
The study offers a comprehensive analysis on diverse features including product portfolio, demand, product developments, revenue generation and sales in AWOS market across the globe.
A comprehensive estimate on AWOS market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of AWOS during the forecast period. Price point comparison by region with global average price is also considered in the study.
AWOS Market: Analysis on Market Size Evaluation
AWOS market has been analyzed for each market segment, in terms of volume (Mn Units) and value (US $ Mn).
Market estimates at global and regional levels for AWOS is available in terms of “US$ Mn” for value and in “Mn Units” for volume. A Y-o-Y growth contrast on prominent AWOS market segments, along with the market attractiveness evaluation has been incorporated in the report. Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global AWOS market.
AWOS Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the AWOS report, which helped to deliver projection on the regional markets. These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of AWOS market during the forecast period.
Country-specific valuation on demand for AWOS has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
AWOS Market: In-depth Analysis on Competitive Landscape
The report sheds light on the leading vendors of the AWOS along with their detailed profiles. Essential and Up-to-date data information related to the market performers, who are principally engaged in the production of the AWOS, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with an all-inclusive SWOT analysis on each player.
The company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in AWOS market. Prominent companies operating in the global AWOS market, include All Weather Inc., Vaisala Inc., Coastal Environmental Systems, Optical Scientific Inc., Mesotech International, Inc. and others.
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