Weather Forecasting System and Solutions Market Size, Share, Report [2031]
Weather Forecasting System and Solutions Market Size, Share, Report [2031]
Segments - Weather Forecasting System and Solutions Market 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
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| Report ID :ICT-SE-3023
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| 233 Pages
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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.
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Attributes |
Details |
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Report Title |
Weather Forecasting System and Solutions Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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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) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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 Summary2. 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 (000’ 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.
Methodology
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