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The aircraft weather radar system market share is expected to increase to USD 57.62 million from 2021 to 2026, at a CAGR of 4.18%.
This aircraft weather radar system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aircraft weather radar system market segmentation by application (commercial aviation and business and general aviation) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The aircraft weather radar system market report also offers information on several market vendors, including Aerodata AG, BAE Systems Plc, Enterprise Electronics Corp., EWR Radar Systems, GAMIC GmbH, Garmin Ltd., General Dynamics Corp., Honeywell International Inc., Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Telephonics Corp., Thales Group, Toshiba Corp., and Vaisala Oyj among others.
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The need for protection from harsh weather is notably driving the aircraft weather radar system market growth, although factors such as safety concerns may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aircraft weather radar system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Aircraft Weather Radar System Market Driver
One of the key factors driving growth in the aircraft weather radar system market is the need for protection from harsh weather. In recent years, passengers or crew have suffered injuries due to severe turbulence on a number of flights. Several other instances were reported of aircraft fuselage getting considerably damaged following a hailstorm encounter. Thus, the detection and avoidance of adverse weather conditions within the safe time limit are necessary for a safe and comfortable flight. The airborne weather radar system is an essential tool for pilots that enables the strategic and tactical planning of a safe flight trajectory. A dramatic increase in air traffic in the past owing to the drop-in aviation fuel prices has resulted in cheaper air travel. Airlines have extra dispensable cash that is being utilized to procure new-generation aircraft and modernize aviation. Airborne weather radar technology has significantly evolved, and a range of enhanced products with more features and capabilities are now available in the market. If properly used, they permit pilots' workload to be significantly reduced while substantially reducing encounters with adverse weather.
Key Aircraft Weather Radar System Market Trend
The incorporation of automatic dependent surveillance-broadcast is an aircraft weather radar system market trend that is expected to have a positive impact in the coming years. Currently, three common types of weather aids are used in an aircraft flight deck that are often referred to as weather radar. Actual onboard radar to detect and display weather activity, Lightning detectors, Satellite, or other source weather radar information that is uploaded to the aircraft from an outside source, Automatic dependent surveillance-broadcast (ADS-B) is a surveillance technology in which an aircraft determines its position via satellite navigation and periodically broadcasts it, enabling it to be tracked. The developments in ADS-B provide a full-color depiction of precipitation and thunderstorms right on the moving map, as well as graphic details like Airmen's Meteorological Information (AIRMETs) and Significant Meteorological Information (SIGMETs).
Key Aircraft Weather Radar System Market Challenge
The safety concerns will be a major challenge for the aircraft weather radar system market during the forecast period. The aviation industry adheres to stringent government norms for safe and secure flights. The Technical Standard Order (TSO)-C63, Airborne Weather Radar Equipment of FAA, provides guidance on the airworthiness of weather radars on aircraft. When aircraft are carrying passengers in areas where thunderstorms or other potentially hazardous weather conditions exist, it is compulsory to install onboard weather radar systems. As per the International Standards and Recommended Practices of Convention on International Civil Aviation, if such conditions are expected along the route, either at night or under instrument meteorological conditions, the aircraft weather radar system is mandatory equipment.
This aircraft weather radar system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global aircraft weather radar system market as a part of the global aerospace and defense market within the global capital goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aircraft weather radar system market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the aircraft weather radar system market encompasses successful business strategies deployed by the key vendors. The aircraft weather radar system market is fragmented and the vendors are deploying growth strategies such as pricing and marketing strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The aircraft weather radar system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the aircraft weather radar system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market's growth will originate from North America during the forecast period. The US is the key market for aircraft weather radar systems in North America. Market growth in this region will be faster than the growth of the market in the European, MEA and South American regions.
The technologically advanced aerospace companies will facilitate the aircraft weather radar system market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The aviation industry witnessed a drastic decline in passenger numbers since the outbreak of COVID-19 in the region and, therefore, witnessed a major revenue decline in 2020. Lockdown measures were imposed across various countries to contain the spread of the disease. However, lockdown restrictions were lifted in a significant number of countries in the region in 2021 as a result of wide-scale vaccination drives across the region, allowing the resumption of various developmental and recreational activities in North America. It also allowed aircraft manufacturers to resume production.
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The aircraft weather radar system market share growth by the commercial aviation segment will be significant during the forecast period. The commercial aircraft manufacturing industry is rapidly growing due to several factors, which, in turn, are driving the global aircraft weather radar system market. Some of the major factors for this growth are technological advancements, the growing need for air travel, and environmental concerns generating demand for fuel-efficient aircraft. Moreover, as the airline industry is focused on reducing carbon emission levels, airline operators are replacing their existing old aircraft fleet with the new generation, fuel-efficient aircraft.
This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft weather radar system market size and actionable market insights on post COVID-19 impact on each segment.
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Aircraft Weather Radar System Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 4.18% |
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Market growth 2022-2026 |
$ 57.62 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.54 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 34% |
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Key consumer countries |
US, China, Australia, UK, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Aerodata AG, BAE Systems Plc, Enterprise Electronics Corp., EWR Radar Systems, GAMIC GmbH, Garmin Ltd., General Dynamics Corp., Honeywell International Inc., Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Telephonics Corp., Thales Group, Toshiba Corp., and Vaisala Oyj |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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