Analysis of North America Automated Weather Observing System market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The North American automated weather observing system market will register substantial growth, with an expected overall valuation of US$ 200 Million in 2022. Between 2022 and 2032, the market's value will expand at a compound annual growth rate (CAGR) of 6%, reaching a market value of US$ 358.1 Million. As of 2021, the market was valued at US$ 189 Million in FY 2021, growing at a Y-o-Y growth rate of 5.8%.
North America Automated Weather Observing System Market Size (2021A)
US$ 189 Million
Estimated Market Value (2022E)
US$ 200 Million
Forecasted Market Value (2032F)
US$ 358.1 Million
U.S Growth Rate (2022-2032)
Key Companies Profiled
Over the projected period, the United States is expected to have the biggest and most dominating share of the North America automated weather observation system market. Rapid integration of the latest weather forecasting and observation technologies, use of advanced equipment that operates using AI technologies, and an increase in the spending of key players and manufacturers in the North America automated weather observation system market on research and development activities are the primary reasons for this projection.
Additionally, the demand for automated weather observation system in contemporary agriculture is propelling the North American automated weather observation system Market forward. The growing use of renewable energy sources is boosting the demand for automated weather observation system. The rising need for continuous weather observation to aid disaster management is propelling the North American automated weather observation system forward.
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As North American aviation traffic grows, a plethora of prospects for automated weather observation systems (AWOS) are expected in the next years. According to the International Air Transport Association, Domestic demand increased 7.8% in March, a little slowdown from the 8.2% rise recorded in February, mostly due to changes in the US market.
These figures are projected to rise in the future years, necessitating the implementation of upgraded safety measures such as AWOS. Over the last decade, there have been several cases of aero plane disasters caused by inclement weather.
According to a 2019 report by the National Transportation Safety Board (NTSB), more than two-thirds of all weather-related aircraft incidents were deadly. As a result of the aforementioned and several other aircraft mishaps, airport authorities are always working to implement dependable automated weather reporting systems.
Most airport authorities are becoming interested in automated weather observation systems (AWOS) for the purpose of detecting correct weather conditions while planning take-offs or scheduling the number of flights.
Furthermore, the desire for increased runway capacity and airport efficiency, as well as the array of benefits provided by AWOS setup and re-alignment of tactics by major competitors, are some of the reasons driving market expansion. As a result, the North America AWOS market is expected to grow at a CAGR of 6% during the assessment period.
Increasing need for new airport building to meet ever-increasing air traffic volumes is expected to emerge as the primary driver of the North America automated weather observation system market throughout the projected period.
Furthermore, the introduction and quick integration of developing and innovative technologies such as AI-based weather monitoring devices is impacting new growth and development avenues in the North America automated weather observation system market throughout the projection period.
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The demand for automated weather observation system in contemporary agriculture is propelling the North America automated weather observation system Market forward. Agriculture is mostly affected by the seasons and weather. When it comes to growing various fruits, vegetables, and pulses, it is critical to consider meteorological conditions, particularly temperature. Weather is critical in agriculture, and accurate weather data is required for crop production.
As a result of climate change, weather and climate risk management has grown even more crucial in agriculture in recent years. It is obvious that the need for agricultural goods has expanded dramatically in order to feed the world's growing population. Simultaneously, the necessity for agricultural management has risen, necessitating effective planning based on climatic conditions. The growing use of renewable energy sources is pushing up demand for automated weather observation systems.
Governments throughout the region have lately launched projects to enhance the capacity and output of renewable energy as an alternative to fossil fuels in order to fulfill the world's rapidly increasing energy demand without harming the environment or triggering catastrophic climate change. To stimulate the use of renewable energy, the administration has begun to give grants and tax breaks, as well as a range of other perks.
Increase in Government Budget Allocation to Further Accurate Weather Projections to Stimulate Market Expansion
North America has a highly developed port infrastructure and marine sector as a result of its huge maritime traffic. In terms of products volume, North America's imports have gradually increased from US$ 571.22 Billion in 2016 to US$ 741.87 Billion in 2021.
In November 2021, the U.S government announced a US$ 1 Trillion bipartisan infrastructure agreement, under which US$ 17 billion would be invested to rebuild the country's inland ports and rivers, coastal ports, and freight networks. Furthermore, the area has the most airports, with the United States alone having around 18,000 airports.
Furthermore, the Airports Council International announced a US$ 3.6 Billion investment in 11 airport projects in the United States and Canada. Airport authorities' expenditures in airport renovation in North America are creating substantial commercial prospects for industry participants.
As a result, the increasing expansion and modernization of airports and ports is expected to provide sufficient growth prospects for automated weather observation system market participants in the coming years. Furthermore, with an increasing emphasis on reducing carbon emissions, governments in the area place a premium on sustainable energy.
For example, the U.S government said in March 2021 that it will be carbon neutral by 2050, while Canada expects to be carbon neutral by 2050. As a result of such measures, the deployment of solar and wind power projects is gaining significant pace, fuelling the sales of the North American automated weather observation system market. A CAGR of 6% is projected for the market from 2022 to 2032.
Commercial Service Airports to be Key Revenue Contributors
By deployment location, commercial service airports are anticipated to dominate the market in 2022 and is expected to continue to do so through 2032. These technologies aid in the provision of reliable climate projections, which aids businesses in strategic decision-making. A CAGR of 6.3% is expected for this segment until 2032.
The military & defense airport segment is expected to develop significantly in the future years as countries' safety and security concerns rise. During the projected years, this category is expected to grow at a CAGR of little more than 5%. Increasing natural catastrophes and unpredictable rainfall are driving the sector's adoption of automated weather observation system market.
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Among the leading suppliers with more than a third of the market share are Vaisala Inc., Optical Scientific, Inc., All Weather, Inc., Mesotech International, and Coastal Environmental Systems. These companies are concentrating on long-term contracts with government and military institutions. Along with this, suppliers are prioritizing price cuts to reduce the high cost of AWOS.
For example, OSI announced a lower-cost AWOS AV option to FAA AWOS. These new OSI AWOS will fulfill the requirements of IFR and GPS approaches with a capital expenditure of less than $100,000.
Tier 1 firms are expected to implement such measures in the near future in order to increase their market position. This would raise the amount of competition among AWOS suppliers, giving purchasers more negotiating power. As a result, the installation of AWOS at airports throughout the world will expand, fueling market expansion.
Fact.MR has provided detailed information about the price points of key manufacturers in the Automated Weather Observing System market positioned across countries, sales growth, production capacity, and speculative technological expansion in the recently published report.
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The North America automated weather observing system market is estimated to be worth US$ 200 Million in 2022.
The market for automated weather observing is anticipated to surpass US$ 358 Million by 2032 end.
From 2015-2021, the North America automated weather observing system market grew at a 4% CAGR.
Some of the prominent players in Automated Weather Observing System market are Vaisala Inc., Optical Scientific, Inc., All Weather, Inc., Mesotech International and Coastal Environmental Systems, etc.
The United States tops the North America automated weather observing system market, growing at a 6% CAGR.
Commercial service airports are expected to be primary end users of automated weather observing systems in North America, growing at a 6.3% CAGR.
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