ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.
The report offers actionable and valuable market insights of Automated Weather Observing System. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Automated Weather Observing System Market across various industries and regions.
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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.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Automated Weather Observing System market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Automated Weather Observing System
This newly published and insightful report sheds light on Market Insights of Automated Weather Observing System, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Automated Weather Observing System Market.
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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.
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Key Takeaways of Global AWOS Market
- Global AWOS market is expected to create an absolute value opportunity of around US$ 220 Mn by 2029 end, adding 1.6X times more value as compared to 2019
- AWOS-3 has accounted for over half of the market share in 2019 owing to wide adoption across commercial and cargo service airports
- Despite accounting for a very low market share in 2019, portable AWOS will be preferred by airport authorities and is estimated to rise at a CAGR of ~6% till 2029
- Commercial service airports will remain the brightest opportunity pockets as they would account for ~55% of the market share till 2029
- North America gained the lion’s share in AWOS Market in 2018, owing to high number of airports coupled with positive government stance towards airport improvement programs
- With anticipated two fold increase in demand, East Asia is the next growth epicenter for AWOS market owing to growing aviation industry and numerous airport pipeline projects
“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 analyst.
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