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Weather Forecasting System and Solutions Market Size, Share, Report [2031]

Weather Forecasting System and Solutions Market

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Segments - by Components (Systems and Solutions), Forecast Range (Long-range Forecast, Medium-range Forecast, and Short-range Forecast), End-users (Meteorology & Weather Service Provider, Enterprise, and Defense & Military), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

ICT-SE-3023
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Author:

Raksha Sharma

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Amulya Agarwal

Editor:

Shruti Bhat

Report Description

Weather Forecasting System and Solutions Market Outlook 2031

The global weather forecasting system and solutions market size was valued at USD 3.79 Billion in 2022 and is anticipated to reach USD 7.03 Billion by 2031, expanding at a CAGR of 7.1% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing stringency of norms pertaining to environmental protection and growing sea and air transportation.

Weather forecasting is the use of technology and science to forecast atmospheric conditions for a certain location and time. Weather predictions are constructed by gathering quantitative data on the current state of the land, atmosphere, and ocean. Additionally, meteorology is applied to project how the atmosphere will change at a certain location.

The COVID-19 outbreak has brought negative impact on the weather forecasting system market. During the pandemic, meteorological observations gathered from aircraft have dropped by an average of 75-80% compared to normal. The market is expected to recover an uptrend operation soon due to subsiding the COVID cases gradually across the globe.

Weather Forecasting System and Solutions Market Trends, Drivers, Restraints, and Opportunities

Growing sea and air transportation to help provide more data is one of the key factors driving the market growth.
Increasing stringency of norms pertaining to environmental protection is expected to boost the market growth in the coming years.
Rising need for reliable information related to climate is anticipated to boost the market expansion during the projected period.
Issues related to inaccurate predictions and complexities in weather models presents a major challenge. This is likely to hinder the market growth during the forecast period.
Technological advancement in data analytics is projected to create significant growth opportunities for the market in the near future.

Scope of Weather Forecasting System and Solutions Market Report

The report on the global weather forecasting system and solutions market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Weather Forecasting System and Solutions Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Components (Systems and Solutions), Forecast Range (Long-range Forecast, Medium-range Forecast, and Short-range Forecast), and End-users (Meteorology & Weather Service Provider, Enterprise, and Defense & Military)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Gill Instruments Pvt. Ltd.; Vaisala Oyj; AIRMAR Technology Corp.; All Weather, Inc. (AWI); Campbell Scientific, Inc.; Morcom International, Inc.; Munro Instruments Ltd.; Skye Instruments Ltd.; Lockheed Martin Corp.; and Columbia Weather Systems Inc.

Weather Forecasting System and Solutions Market Segment Insights

Systems segment is to grow at a rapid pace

Based on components, the global weather forecasting system and solutions market is bifurcated into systems and solutions. The systems segment is expected to grow at a rapid pace during the forecast period owing to growing need for weather stations along with radars for accurate weather predictions. However, the solution segment is anticipated to hold a key share of the market in the coming years due to advance computing and data analytics offered by the segment, which helps in reducing maintenance & operational costs.

Strategic decision to drive medium range segment

In terms of forecast range, the market is segregated into long-range forecast, medium-range forecast, and short-range forecast. The medium-range segment is projected to expand at a considerable CAGR during the forecast period attributed to the detail it offers in making small operational strategic decisions for enterprises. On the other hand, the short-range segment is anticipated to account for a major market share during the forecast period due to rising need for security and safety.

Enterprise segment to hold significant market share

On the basis of end-users, the global weather forecasting system and solutions market is segmented into meteorology & weather service provider, enterprise, and defense & military. The enterprise segment is anticipated to hold significant market share in the coming years owing to increasing need for advanced weather monitoring technology. However, the meteorology & weather service segment is expected to register a considerable CAGR during the forecast period due to increasing natural calamities and uncertain rainfall.

North America is anticipated to constitute a key market share

In terms of regions, the global weather forecasting system and solutions market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period attributed to the presence of key global players in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to increasing sea & air transportation, rainfall dependence for water supply, and stringent regulatory norms by governments in the region.

Segments

The global weather forecasting system and solutions market has been segmented on the basis of

Components

Systems
Solutions

Forecast Range

Long-range Forecast
Medium-range Forecast
Short-range Forecast

End-users

Meteorology & Weather Service Provider
Enterprise
Defense & Military

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Gill Instruments Pvt. Ltd.
Vaisala Oyj
AIRMAR Technology Corp.
All Weather, Inc. (AWI)
Campbell Scientific, Inc.
Morcom International, Inc.
Munro Instruments Ltd.
Skye Instruments Ltd.
Lockheed Martin Corp.
Columbia Weather Systems Inc.

Competitive Landscape

Key players competing in the global weather forecasting system and solutions market share are Gill Instruments Pvt. Ltd.; Vaisala Oyj; AIRMAR Technology Corp.; All Weather, Inc. (AWI); Campbell Scientific, Inc.; Morcom International, Inc.; Munro Instruments Ltd.; Skye Instruments Ltd.; Lockheed Martin Corp.; and Columbia Weather Systems Inc. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives such as partnerships, collaborations, mergers & acquisitions, and new product development.

For instance, in 2015, Munro Instruments Ltd. introduced 150-Series weather sensors that allowed consumers to match and mix with other sensors.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Weather Forecasting System and Solutions Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Weather Forecasting System and Solutions Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Weather Forecasting System and Solutions Market - Supply Chain
  4.5. Global Weather Forecasting System and Solutions Market Forecast
     4.5.1. Weather Forecasting System and Solutions Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Weather Forecasting System and Solutions Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Weather Forecasting System and Solutions Market Absolute $ Opportunity
5. Global Weather Forecasting System and Solutions Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Weather Forecasting System and Solutions Market Size and Volume Forecast by End Users
     5.3.1. Meteorology & Weather Service Provider Enterprise Defense & Military
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Weather Forecasting System and Solutions Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Weather Forecasting System and Solutions Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Weather Forecasting System and Solutions Demand Share Forecast, 2019-2026
7. North America Weather Forecasting System and Solutions Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Weather Forecasting System and Solutions Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Weather Forecasting System and Solutions Market Size and Volume Forecast by End Users
     7.4.1. Meteorology & Weather Service Provider Enterprise Defense & Military
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Weather Forecasting System and Solutions Demand Share Forecast, 2019-2026
8. Latin America Weather Forecasting System and Solutions Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Weather Forecasting System and Solutions Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Weather Forecasting System and Solutions Market Size and Volume Forecast by End Users
     8.4.1. Meteorology & Weather Service Provider Enterprise Defense & Military
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Weather Forecasting System and Solutions Demand Share Forecast, 2019-2026
9. Europe Weather Forecasting System and Solutions Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Weather Forecasting System and Solutions Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Weather Forecasting System and Solutions Market Size and Volume Forecast by End Users
     9.4.1. Meteorology & Weather Service Provider Enterprise Defense & Military
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Weather Forecasting System and Solutions Demand Share Forecast, 2019-2026
10. Asia Pacific Weather Forecasting System and Solutions Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Weather Forecasting System and Solutions Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Weather Forecasting System and Solutions Market Size and Volume Forecast by End Users
     10.4.1. Meteorology & Weather Service Provider Enterprise Defense & Military
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Weather Forecasting System and Solutions Demand Share Forecast, 2019-2026
11. Middle East & Africa Weather Forecasting System and Solutions Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Weather Forecasting System and Solutions Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Weather Forecasting System and Solutions Market Size and Volume Forecast by End Users
     11.4.1. Meteorology & Weather Service Provider Enterprise Defense & Military
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Weather Forecasting System and Solutions Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Weather Forecasting System and Solutions Market: Market Share Analysis
  12.2. Weather Forecasting System and Solutions Distributors and Customers
  12.3. Weather Forecasting System and Solutions Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Gill Instruments Pvt. Ltd. Vaisala Oyj AIRMAR Technology Corp. All Weather, Inc. (AWI) Campbell Scientific, Inc. Morcom International, Inc.

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