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.
The weather forecasting systems market is segmented into weather satellites, weather observing systems, weather stations, weather drones, and weather balloons. The weather stations segment accounted for largest revenue share in 2020. This growth can be attributed to rising number of installations of personal weather stations, professional weather stations, and home weather stations among others in countries across the globe.
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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.
- Major companies operating in the market are 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.
Weather Forecasting Systems Market Segmentation:
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)
- Software
- Hardware
- Forecast Type Outlook (Revenue, USD Billion; 2018–2028)
- Short-range
- Medium-range
- Long-range
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Weather Satellites
- Weather Observing Systems
- Weather Stations
- Weather Drones
- Weather Balloons
Regions Covered in This Report:
- North America(U.S., Mexico, and Canada)
- Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
- Europe(U.K., Germany, France, and Rest of Europe)
- Latin America(Brazil and Rest of Latin America)
- Middle East & Africa(GCC Countries and Rest of Middle East & Africa)
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Target Audience of the Global Weather Forecasting Systems Market report:
- Global Weather Forecasting Systems providers, distributors, traders, and suppliers
- End-use industries
- Research organizations, consulting companies, and various alliances interested in this particular business sphere.
- Government bodies, independent regulatory authorities, and policymakers.
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Weather Forecasting Systems Market Segmentation & Impact Analysis
4.1. Weather Forecasting Systems Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Incorporation of big data analytics for weather forecasting
4.2.2.2. Rising demand from military vertical
4.2.2.3. Growing need for reliable information related to climate
4.2.2.4. Technological Advancements
4.2.3. Market restraints analysis
4.2.3.1. Issues regarding complexities in weather models
4.2.3.2. System Complexity
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
READ MORE…!
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