Global Weather Monitoring Solutions and Services Market: Overview
According to a new market report pertaining to the global weather monitoring solutions and services market published by Transparency Market Research the global weather monitoring solutions and services market is projected to reach a value of ~US$ 1.6 Bn by 2027. The weather monitoring solutions and services market is projected to expand at a CAGR of ~7% from 2019 to 2027. Expansion of the weather monitoring solutions and services market can be attributed to the high demand for weather monitoring solutions and exponential rise in weather data subscribers. North America is anticipated to lead the global weather monitoring solutions and services market in terms of revenue, followed by Europe, during the forecast period.
Global Weather Monitoring Solutions and Services Market: Demand Drivers
Global warming has led to numerous changes in weather patterns. Fluctuations in weather and climate have resulted in heat waves and droughts. These are the primary aftereffects of climate change. The number of incidents of natural disasters has increased due to these fluctuations in the weather. Increased weather fluctuation is a cause of concern for several industries. A reliable system for advanced warning is important to take preventive steps, which can save these industries from huge damages and losses.
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Technological developments and scientific innovation have enabled weather monitoring solutions to provide more specific and accurate information. The components of weather monitoring solutions are continuously evolving. The introduction of improved sensors has resulted in the gathering of accurate information. These sensors are capable of surviving in rugged environments, and can provide more accurate data in any weather condition. These factors have enhanced the efficiency and accuracy of data obtained from these solutions. This is expected to drive the demand for weather monitoring solutions and services during the forecast period.
Weather Monitoring Solutions and Services Market: Regional Outlook
In terms of region, the global weather monitoring solutions and services market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is estimated to dominate the global weather monitoring solutions and services market, and account for ~35% share by the end of 2019. The region is estimated to maintain its dominance during the forecast period too. The market in Asia Pacific is estimated to expand at a growth rate (CAGR) of ~8% during the forecast period. Increasing demand for advanced weather monitoring sensors and data services from the aviation industry and governments is a major factor driving the market. The weather monitoring solutions and services market in Europe is projected to expand at a CAGR of ~7% during the forecast period, due to increasing investments in R&D to provide advanced weather monitoring station solutions and data services. The weather monitoring solutions and services markets in the Middle East & Africa and South America are expected to expand moderately during the forecast period.
The report provides in-depth segment analysis of the global weather monitoring solutions and services market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries that offer considerable opportunities or account for significant shares has also been included as part of the geographic analysis of the weather monitoring solutions and services market.
Weather Monitoring Solutions and Services Market: Competition Dynamics
The research study includes the profiles of leading companies operating in the global weather monitoring solutions and services market. Key players profiled in the report include Vaisala Oyj, Campbell Scientific, Inc., Met One Instruments Inc., The Weather Company, Earth Networks, Inc., Accuweather, Inc., Anything Weather, Intermountain Environmental Inc., Baron Services, Inc., GLOBAL WEATHER CORPORATION, Climatronics Corporation, Coastal Environmental Systems, Inc., and Columbia Weather Systems, Inc.
Weather Monitoring Solutions and Services Market: Segmentation
The global weather monitoring solutions and services market has been segmented based on type, end-use industry, and region.
In terms of type, the weather monitoring solutions and services market has been segmented into:
- Solutions
- Hardware
- Software
- Data Services
Based on end-use industry, the weather monitoring solutions and services market has been segmented into:
- Transportation & Logistics
- Government
- Meteorology
- Broadcast and Telecommunications
- Energy & Utilities
- Renewable Energy
- Agriculture & Fisheries
- Others (Hydrology, Weather Service Providers, etc.).
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