Helicopter Meteorological Software Market is expected to gain momentum from the constant developments in the aviation sector. These Software solutions are being demanded immensely because of their increasing usage in a large number of applications, such as oil & gas, search & rescue, and emergency medical services (EMS).
Fortune Business Insights™ in a newly published study, titled, “Helicopter Meteorological Software Market Size, Share & COVID-19 Impact Analysis, By Platform (Helicopter and Heliports/Helipads), Application (Emergency Medical Services, Corporate Services, Search & Rescue, Oil & Gas, Homeland Security, Transportation, Others), Offering (Electronic Flight Display (EFD) Software, Application Based Software, PC/Desktop Software, Mobile Software), End Use (Private Operator, Fleet Operator) and Regional Forecasts, 2020-2030.” The study further mentions that the market size was USD 86.4 million in 2019 and is projected to reach USD 117.2 million by 2030, exhibiting a CAGR of 4.68% during the forecast period.
The emergence of the COVID-19 pandemic is causing tremendous losses for several companies. They have either halted operations or have reduced workforce to keep up with the ‘new normal.’ Our reports would help you in gaining in-depth insights into the effects of this pandemic on every market. You will be capable of selecting the right strategy to surge sales.
This Report Answers the Following Questions:
- What are the market opportunities & challenges?
- What are the growth drivers, dynamics, & hindrances?
- What are the current, historical, & estimated sizes of the market?
- How would companies increase sales of Helicopter Meteorological Software?
Drivers & Restraints
Rising Demand for Real-time Data Tracking to Favor Growth
The rising demand for helicopters for several applications, such as transportation, EMS, and others is one of the major Helicopter Meteorological Software market growth drivers. Helicopter operations often require real-time atmospheric data, namely, weather forecast, wind speed, and temperature to prevent accidents. Also, the Federal Aviation Administration (FAA) has started implementing multiple stringent safety norms to avoid helicopter accidents.
Additionally, real-time data tracking helps the pilot in taking decisions efficiently during the entire flight. Hence, the increasing requirement of real-time software solutions would propel the market growth in the near future. However, the COVID-19 pandemic has caused flight suspensions because of complete lockdown measures across the globe.
Helicopter Segment to Dominate Backed by Their High Demand for Multiple Applications
Based on platform, the market is segregated into heliports/helipads and helicopter. Out of these, the helicopter segment is dominated in 2019 in terms of the market share. This growth is attributable to their high demand for numerous commercial and military applications. Helicopter Meteorological Software solutions would help in providing vital data for weather forecasting and monitoring.