Rawinsonde Market Report Overview
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global rawinsonde market size was USD 114.2 million in 2021 and market is projected to touch 228.88 Million by 2031, exhibiting a CAGR of 7.2% during the forecast period.
Various atmospheric characteristics, including temperature, humidity, pressure, wind speed, and wind direction, can be measured using sensors found on a rawinsonde, a form of a weather balloon. The rawinsonde system is used to collect information about the composition and behaviour of the Earth's atmosphere, both in the upper atmosphere where weather patterns and other long-range atmospheric phenomena are created as well as in the lower atmosphere close to the surface. Meteorologists utilize the rawinsonde data to anticipate the weather and research broad-scale atmospheric phenomena such as climate change. Organizations involved in aviation and the military also use rawinsonde data to track weather patterns and make flight-planning decisions.
The demand for precise and real-time weather information is rising across a variety of businesses, which is causing the market for rawinsonde to expand quickly. The market for rawinsonde systems is anticipated to rise as people become more conscious of how climate change is affecting them and as they realize how important better weather forecasting is for supporting safety and effectiveness in different applications. Since airlines depend on precise weather information to plan flights intelligently and to guarantee the safety of passengers and crew, the aviation sector, in particular, is a key driver of rawinsonde market growth. Additionally, the oil industry and the military are two other major consumers of rawinsonde systems since they depend on precise meteorological data to make choices and preserve operational safety.
COVID-19 Impact: Halt Of Aviation Industry Impeded Market Growth
Markets all around the world have suffered significantly after the abrupt discovery of the extremely contagious COVID-19 virus as a result of the lockdown measures imposed following the pandemic as a reaction to restrict the virus' spread. The strict lockdown that governments all over the world imposed on the populace interrupted the worldwide supply chain and stopped practically all industries' routine operations. Similar to how the aircraft industry's operations were suspended, the growth of the rawinsonde sector was similarly hampered by a paucity of raw materials. The market was badly impacted by the suspension of regular flights due to the lockdown due to the aviation industry being the main user for the market for rawinsonde.
Latest Trends
"Technological Innovations Exacerbate Product Demand"
The market for rawinsonde is being exacerbated by the rapid technological advancements regarding the applications of the item. One of the main reasons for the enormous success of the market for rawinsonde is the market's R&D operations. The reading of real-time atmospheric data has made it feasible to compile weather reports that are as accurate as possible thanks to advances in data transmission technologies.
Rawinsonde Market Segmentation
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- By Type Analysis
The market can be divided into types that include GRUAN data products and those that do not. During the projected period, the market by type is anticipated to be dominated by the segment with GRUAN data products.
- By Application Analysis
The market can be segmented into weather stations, military organizations, and other categories depending on the application. During the market period of 2021–2028, it is predicted that the weather stations segment will dominate the market by application.
Driving Factors
"Growing Adaptation Of UAVs Augments Market Expansion"
A key factor in the market's expansion is the growing use of unmanned aerial vehicles (UAVs) outfitted with rawinsonde systems, which provide a convenient and affordable way to collect atmospheric data. Furthermore, as they provide the means to process and analyse the enormous volumes of data produced by radiosondes systems, the advancement of advanced UAV technology and the growing application of big data analytics is predicted to propel further market expansion.
"Rapidly Increasing Demand For Accurate Weather Data Facilitates Product Value"
Real-time weather information is becoming more and more in demand, especially in sectors such as aviation, the military, and energy where reliable weather information is essential for operational security and effectiveness. As the effects of climate change worsen, businesses across a wide range of sectors are realizing the need of having access to accurate weather data in real-time for decision-making. Accurate information about the atmosphere, such as the temperature, humidity, wind direction and speed, atmospheric pressure, and other significant meteorological variables, is provided by rawinsonde systems.
Restraining Factors
"The Complex System Of Maintenance Requirement Hampered Market Development"
Since it necessitates specialized training and years of technical experience, the complexity of deploying and maintaining rawinsonde systems is another significant commercial barrier. Given that there aren't many industry professionals available to manage the systems, this can be a hurdle to adoption for some firms, especially those in rural or difficult-to-reach places.
Rawinsonde Market Regional Insights
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"North America Leads Due To Increased Spending"
The North American region has the largest rawinsonde market shares due to the region’s high infrastructure spending on a variety of military projects. This contributes to the market's extreme susceptibility to enormous growth as a result of the vast potential for research and development given by the North American region and its consumers. The increase in the market success that the area is currently seeing is mostly attributable to technological developments in the industry.
After North America's success in the market, the rawinsonde market has experienced rapid expansion in the European region. The success of the European region is mostly due to the rising demand for precise meteorological data, the growing public consciousness of the effects of climate change, and the favourable regulatory framework.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Vaisala (Finland)
- Lockheed Martin (United States)
- Shanghai Changwang (China)
- Meteomodem (France)
- GRAW Radiosondes GmbH (Germany)
- Meteolabor (Switzerland)
- InterMet Systems (United States)
- Meisei Electric (Japan)
- S S Trading (India)
- Jinyang Industrial (China)
- Yankee Environmental (United States)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors such as segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 114.2 Million in 2021 |
Market Size Value By |
US$ 228.88 Million by 2031 |
Growth Rate |
CAGR of 7.2% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global rawinsonde market expected to touch by 2031?
The global rawinsonde market is expected to touch USD 228.88 Million by 2031.
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What CAGR is the rawinsonde market expected to exhibit during 2021-2031?
The rawinsonde market is expected to exhibit a CAGR of 7.2% over 2021-2031.
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Which are the driving factors of the rawinsonde market?
Growing adaptation of unmanned aerial vehicles or UAVs as well as the increased demand for the real-time and accurate weather report are primarily driving the market for rawinsonde.
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Which are the top companies operating in the rawinsonde market?
Some of the top companies operating in the rawinsonde market are as follows: Vaisala (Finland), Lockheed Martin (United States), Shanghai Changwang (China), Meteomodem (France), and GRAW Radiosondes GmbH (Germany).