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Automated Weather Observing System Market is bound to rise with a CAGR of nearly 5% by 2029

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Automated Weather Observing System Market is bound to rise with a CAGR of nearly 5% by 2029

July 14
21:10 2021
Automated Weather Observing System Market is bound to rise with a CAGR of nearly 5% by 2029

Automated Weather Observing System Market report by “Fact.MR – Market Research And Insights”
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Global demand of automated weather observing system (AWOS) market is forecast to touch US$ 590 Mn by the end of 2029. Over a trillion dollars are likely to be invested to ameliorate airport infrastructure by 2030 worldwide. An estimated value of about US$ 5 billion is foreseen to be spent specifically on AWOS, leaving substantial scope of opportunities waiting to be capitalized by existing as well as new AWOS solution providers. Furthermore, rising passenger safety concerns, demand for increasing the runway capacity & airport efficiency coupled with re-alignment of strategies by key players are likely to push the market trend on an upward growth trajectory. On this premise, the global AWOS market is expected to register a CAGR of ~5% over the assessment period.

 

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“Dedicated strategies towards customized services at stabilized prices by key players will increase AWOS installations in the near future. This is further supported by investments in airport infrastructure development and increasing concerns towards passenger safety.” Says the Fact.MR

 

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 worldwide, thereby driving the market growth.

 

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Industry Experience and System Flexibility to Win Tenders for AWOS Vendors

In order to pick an AWOS vendor, airport authorities have analyzed industry experience coupled with flexibility of the system providers. Certifications, level of service and maintenance frequencies are identified to be the secondary key factors considered while selecting an AWOS vendor. Vaisala Inc., Optical Scientific, Inc., All Weather, Inc., Mesotech International and Coastal Environmental Systems are the prime stakeholders within the AWOS market. Establishing long term contracts with airport authorities through price stabilization and AWOS customization have been pillars for success for these vendors.

 

Read Fact.MR Exclusive Article on Emerging Growth Frontiers in the Global Coatings Industry –
https://www.factmr.com/article/109/emerging-growth-frontiers-in-the-global-coatings-industry

 

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