Reports - Weather Forecasting Systems Market
Weather Forecasting Systems Market Size, Share & Trends Analysis Report by Solution (Hardware, Software), by Application (Weather Satellites, Weather Observing Systems, Weather Stations, Weather Drones), by Vertical (Aviation, Renewable Energy, Marine, Oil & Gas), by Forecast Type (Nowcast, Short-Range, Medium Range, Extended Range), by Region (North America, Europe, Asia Pacific, Latin America) - Historic Data (2019 - 2021) & Forecast Period (2023 - 2033)
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USD 2426.95 Million
USD 3504.57 Million
4.70%
Asia Pacific
Asia Pacific
2022
2019 - 2021
2023 - 2033
By Solution, By Application, By Vertical, By Forecast Type, By Region
The final deliverable will encompass both quantitative and qualitative data, providing a comprehensive analysis of the market. The scope is customizable.
Weather Forecasting Systems Market- By Solution, Application, Vertical, Forecast Type and Region.
Weather Forecasting is a popular application of science and technology to predict a regions meteorological and climate issues. Weather alerts play an important role in ensuring the safety of people and property. Agriculture and defense sectors have the most potential for Weather Forecasting Systems Market from the end users perspective. The market for Weather Forecasting Systems is growing as people become more concerned about their safety and security because of any unwelcome climatic shift.
Increasing demand for weather monitoring systems by end-user industries to align their business activities with changes in prevailing weather conditions is driving the markets development potential over the forecast period. A reliable weather forecast delivered on time might result in significant cost savings or even improve the battle against pollution, natural disasters, and environmental disasters. Besides, the complexity of the systems is the sectors main challenge.
Weather Forecasting Systems is complex in nature, requiring the need of qualified professionals to operate them. Several well-known players are focusing their efforts on the development of new technologies in Weather Forecasting Systems to improve their accuracy. During the forecast period, this is likely to increase the Weather Forecasting Systems Market. Furthermore, due to the rising demand for military applications such as continuous weather updates and air traffic management, the market for Weather Forecasting Systems has gained traction. Systems are always improving thanks to technological advancements. However, the industrys expansion is expected to be hampered by issues such as complications in weather forecasting processes and models.
The Weather Forecasting Systems Market is segmented based on solution, forecast type, application, and vertical. Based on Solution, the market is segmented as software and hardware. Based on application, the market is segmented as Weather Satellites, Weather Observing Systems, Weather Stations, Weather Drones, Weather Balloons, Weather LiDAR, Weather Radar, and Others. Based on forecast type, the market is segmented as now cast, Short-range, Medium range, extended-range, and long-range. Based on Vertical, the market is segmented as Agriculture, Aviation, Renewable Energy, Marine, Oil & Gas, Transport & Logistics, Military, Meteorology, Weather Service Providers, and Others.
Based on application, the market is segmented as Weather Satellites, Weather Observing Systems, Weather Stations, Weather Drones, Weather Balloons, Weather LiDAR, Weather Radar, and Others. The Weather satellites are growing fastest in Weather Forecasting Systems Market methods during the forecast period. The growth of the segment is attributed to increasing preference and awareness among the consumers of manufacturers to increase the shelf-life of their products. Moreover, the rise in the efficiency of reverse logistics operation of recycled products, decrease in landfill sites, and eco-friendly legislations for the government are driving the Weather Forecasting Systems Market growth during the forecast period.
Based on forecast type, the market is segmented as now cast, Short-range, Medium range, extended range, and long-range. The short-range segment is anticipated to grow at the highest rate during the forecast period. Short-term weather forecasting provides information on the expected weather for periods ranging from a few hours to 48 hours, and in some circumstances up to 72 hours. Weather charts, maps, satellite photos, weather balloons, and ground-based data are used to create a short-range forecast. The data is useful not just for weather forecasting, but also for other uses such as aviation and ship routing. As a result, the growing need for weather forecasts by the fishing and transport sectors is expected to propel the short-range segment of the Weather Forecasting Systems Market forward.
Asia Pacific is accounted to grow at the highest Compound Annual Growth Rate (CAGR) during the forecast period. The market is primarily driven by countries in this regions increased focus on growth investments in Weather Forecasting Systems technology. Furthermore, regional economies have undertaken several projects connected to the generation of sustainable and renewable energy to protect the environment and avoid future energy crises. Due to the vulnerability of most renewable energy sources to weather fluctuations, the need to enhance energy output mandates the adoption of sophisticated weather monitoring and forecasting systems to ensure optimal output, propelling the Weather Forecasting Systems Market in the region. Also, the market is expected to be driven by improvements in the Asia Pacific regions economic conditions and rising concerns about safety and security.
The key players in the Global Weather Forecasting Systems Market include- The Weather Company (US) and others.
Parameter | Details |
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Segment Covered | By Solution
By Application
By Vertical
By Forecast Type
By Region
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Companies Covered |
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Customization Scope | Enjoy complimentary report customization—equivalent to up to 8 analyst working days—with your purchase. Customizations may include additions or modifications to country, regional, or segment-level data. |
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