The Growth of AWOS market is huge, the study analyzes each market player encompassed in the market study as per its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies. SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player.
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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 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.
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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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The AWOS market report provides the readers with the below-mentioned insights:
- Key trends, including ecological conservation, patented solutions, and globalization.
- Consumption pattern of each segment of the market in every region.
Detailed study of the factors (positive and negative) impacting the growth of the global Endobronchial Valves market.
- Critical analysis of R&D activities performed by market players to expand their production footprint across various industries.
- Thorough research of effect of the market across various end use industries.
The AWOS market report gets rid of the following queries:
- Which end use has the highest rate of consumption and why?
- Which regions are the market players targeting to gain a competitive edge?
- What is the growth forecast of the global market in region?
- What is the Y-o-Y growth rate of the global market?
- Which segment will have the maximum share of the global market by the end of year?
And so on…..
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