The global weather forecasting systems market size is expected to reach USD 3.61 Billion at a CAGR of 5.4% during the forecast period, according to latest analysis by Emergen Research. Growing need for more accurate and reliable information related to climate patterns and constant monitoring are some key factors driving market revenue growth at a rapid rate. Sudden and unexpected climatic changes cause major damage to life and property, and safety and security concerns have been rising as a result. Continuous technological advancements in weather forecasting systems to predict changes in the atmosphere more accurately are also factors supporting revenue growth of the market. Different types of weather forecasting techniques are used and more advanced solutions such as sensors, computing systems, communication devices, and software have been gaining rapid traction in the recent past. These systems are used for the purpose of collecting atmospheric data, processing it, and interpreting the information to various channels across the globe.
The Global weather forecasting systems market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2021-2028. The report studies the historical data of the weather forecasting systems market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the weather forecasting systems market based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the weather forecasting systems market.
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Some Key Highlights from the Report
- In August 2019, Vaisala acquired Professional Business-to-Business Weather Services from Foreca. This acquisition enables offering weather services and precise weather forecasts for consumers, media houses, and digital media channels.
- In June 2019, AccuWeather developed the new AccuWeather RealFeel temperature tool, which is used to evaluate expected dangers due to extreme weather conditions.
- North America accounted for largest revenue share contribution to the global market in 2020, which is expected to increase substantially during the forecast period. This can be largely attributed toincreased demand for highly accurate weather forecasting systems from the aviation and commercial sectors. The region is considered to be the largest developer, operator, and exporter of weather forecasting systems, globally. The US and Canadian governments are investing substantially for enhancement of capabilities of their respective weather forecasting agencies.
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The global weather forecasting systems market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global weather forecasting systems market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Some of the key participants in this industry include:
The Weather Company, Sutron Corporation, Campbell Scientific, Airmar Technology Corporation, All Weather, Inc., Morcom International, Columbia Weather Systems, G. Lufft Mess-und Regeltechnik, Vaisala, and Skye Instruments.
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For this report, Emergen Research has segmented the global weather forecasting systems market based on solution, forecast type, application, and region.
Solution Outlook (Revenue, USD Billion; 2018–2028)
Forecast Type Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
- Weather Satellites
- Weather Observing Systems
- Weather Stations
- Weather Drones
- Weather Balloons
Key regions covered in the report:
- North America
- Asia Pacific
- Latin America
- Middle East Africa
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global weather forecasting systems market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for weather forecasting systems in the near future?
- What is the regulatory framework governing the application of weather forecasting systems in the food industry?
- Which manufacturing processes are utilized for the production of weather forecasting systems?
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