Weather Information Technology Market

The global weather information technology market size is anticipated to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing need for real-time monitoring and air quality check to take early measures for disaster management.

Weather information technologies effectively predict atmospheric conditions using advanced scientific equipment and transportation. Ships, airplanes, satellites, Doppler radars, weather stations, and buoys are used to collect data, which is further transferred into supercomputers for generating and disseminating severe weather advisories along with the delivering alerts through the media or emergency services.

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Furthermore, meteorologists are now able to collect more data, make faster predictions, and improve public weather services due to the emergence of modern forecast technology and rapid communication networks.

Moreover, technological advancements have increased the ability to predict natural disasters based on meteorological forecasts in recent decades. On the other hand, forecasting capacities for hydrologic and atmospheric phenomena are depending on the severity of the threat. Furthermore, new approaches for integrating large quantities of observational data are being developed for the next generation of forecast workstations. This comprises data analysis and interpretation along with the information processing and innovative visualization approaches to aid forecasts.

Due to the COVID-19 pandemic the market's capacities have been reformed with numerous mandated rules & regulation such as travel limitations and quarantines, resulting in decreasing frequency of planes and cruises. According to the National Oceanic and Atmospheric Administration (NOAA) the data acquired by commercial cruises and flights has decreased by 75% in the United States. As an alternative to collecting data from the atmosphere, market players are releasing radiosondes, which are battery-powered air balloons.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing incorporation of the Internet of Things (IoT) and Artificial Intelligence (AI) technology into weather information systems is expected to upsurge the market growth.
• Rising air traffic is one of the key factors propelling the market growth during the forecast period.
• Growing usage of waterways for commercial and recreational purposes is expected to fuel the market growth in the coming years.
• Growing concerns pertaining to the deployment and longstanding snow & ice is one of the major factors hampering the market expansion.
• Rising importance on disaster management by governments across globe, advancements in data collecting & processing, and minor access to low earth orbit have encouraged key players to invest in the market. Thus, these factors are anticipated to offer immense opportunity for market in the coming years.

Scope of the Report

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

Market Segment Insights

Weather monitoring & forecasting segment is expected to grow at a rapid pace

Based on applications, the global weather information technologies market is bifurcated into weather monitoring & forecasting and air quality monitoring. The weather monitoring & forecasting segment is expected to grow at a rapid pace during the forecast, owing to the widely adopted technique in various industry depending on weather conditions, such as agriculture, meteorology, and transportation. Furthermore, it has become an important approach for predicting future critical events and the strategic decisions that must be made as a result.

Moreover, weather variables such as rainfall, air temperature, humidity, and wind speed are important for assessing a variety of situations on a daily basis. End-users have found that combining data analytics with historical and real-time weather feeds for monitoring and forecasting information has helped to achieve better results.

On the other hand, pattern matching is another application of machine learning technology, in which future predictions are produced based on patterns observed in the past. These systems are providing crucial weather-related information to neglected countries, such as Latin America and Africa, where technology penetration rates are lower.

However, the air quality monitoring segment is estimated to expand at a considerable rate in the coming years. Air pollution has presented a significant threat to the ecosystem in recent years. Acid rain and the extinction of animal species have resulted from an imbalance in air quality caused by short and long-term pollution. Furthermore, air quality monitoring systems are increasingly being used in the manufacturing, automotive, and oil and gas industries as environmental concerns grow. As a result, governments throughout the world are promoting environmental measures such as providing subsidies for the installation of air quality monitoring systems & solutions. Thus, aforementioned factors are boosting the segment growth.

Monitoring devices segment is projected to expand at a considerable CAGR

On the basis of components, the market is segmented into software, monitoring devices, communication devices, and others. The monitoring devices segment is projected to expand at a considerable CAGR during the forecast period.

Furthermore, weather information technologies are combined with advanced monitoring sensors to detect imminent events. Images of rising water levels, atmospheric temperature, and wind patterns are being captured using remote sensors deployed on satellite systems. Similar to anemometers, hygrometers, and rain gauges, IoT- enabled precision devices deliver accurate real- time weather information for a specific region.

However, the software segment is expected to increase at a faster rate in the coming years, owing to the growing demand for weather information technology along with cutting-edge meteorological information software that can provide continuous forecasts.

On the other hand, few start-ups and well-established organizations are offering advancements in processing and visualization technology to meet this demand. The use of monitoring, display, data gathering, and processing software for weather forecasting based on historical and current weather data is expected to upsurge the segment growth.

Medium- range forecast is projected to gain a large revenue share

Based on forecast ranges, the global weather information technologies market is segregated as long- range forecast, medium-  range forecast, and short- range forecast. The medium- range forecast is projected to gain a large revenue share during the forecast period, owing to the growing usage for scenario planning and risk management.

However, the short-term forecast segment is estimated to register a considerable market share in the coming years. The system's ability to generate alerts of important weather occurrences, such as typhoons, hurricanes, and cyclones, several hours in advance has contributed to the segment expansion. Furthermore, these short-term forecasting tools encourage end-users to implement disaster management systems timely in order to avoid costly repairs. In addition, major advancements in the internet, wireless communication, computing systems, and smartphones are expected to propel the segment growth.

On the other hand, long-range forecasting is preferred for predicting seasonal changes for readiness. Long-range forecasting is a useful tool for predicting irregular temperature changes caused by climate change. Furthermore, advances in numerical prediction models, combined with digitization, are likely to boost the segment growth during the forecast period.

Transportation segment is estimated to register a considerable market share

On the basis of end- users, the market is divided into government & defense, power & energy, agriculture, meteorology & weather service providers, industrial, transportation, and others. The transportation segment is estimated to register a considerable market share during the forecast period, owing to the rapid adoption of weather information technology in the maritime, roads, and aviation sectors for determining optimal operating conditions.

Furthermore, one of the key practices is in the aviation industry, where weather information technologies are frequently employed for air traffic control and coordinated updates during take-off and landing. On the other hand, these technologies also allow users to monitor air quality levels in the real time, allowing them to take preventive measures to meet human health goals.

However, the power and energy segment is expected to witness substantial growth in the coming years. Furthermore, one of the most important factors required for energy generation from solar, wind, hydro, and other renewable energy sources is accurate forecasting. Energy generation from renewable sources is fully dependent on weather conditions, necessitating regular monitoring in order to make energy generation related decisions.

On the other hand, the agriculture segment is anticipated to expand significantly during the forecast period due to the high reliance on seasonality for agricultural sowing and harvesting. Furthermore, weather anomalies result in soil erosion and crop damage. Forecasting systems consider factors, such as temperature, precipitation, humidity, and wind speeds can help farmers avoid such losses while taking cost- cutting and crop- related decisions.

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Asia Pacific is anticipated to constitute a key market share

In terms of regions, the global weather information technology market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key market share during the forecast period, owing to the launching private satellites along with the increasing government investments in commercial solutions. For example, Japan's Meteorological Service Act aims to expand business potential for private meteorological services in the coming years.

However, the market of North American is anticipated to gain a large revenue share in the coming years due to the growing adoption of cutting-edge technology such as Artificial Intelligence (AI), and data analytics for environmental data collection in industries including military & defense, renewable energy, transportation, and agriculture.

Moreover, the United States is home to major players such as All Weather, Inc. (AWI), Campbell Scientific, Inc., and Vaisala. These organizations are working on advanced and novel solutions for monitoring, such as telemetry systems, data loggers, and personal weather stations.

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Segments

Segments Covered in the Report
The global weather information technologies market has been segmented on the basis of
Applications

• Weather Monitoring & Forecasting
• Air Quality Monitoring

Components

• Software
• Monitoring Devices
• Communication Devices
• Others

Forecast Ranges

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

End-users

• Government & Defense
• Power & Energy
• Agriculture
• Meteorology & Weather Service Providers
• Industrial
• Transportation
• Others

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Vaisala
• All Weather, Inc.
• Columbia Weather Systems, Inc.
• Campbell Scientific, Inc.
• General Acoustics e.K.
• IBM Corp.
• Gill Instruments Ltd.
• Lockheed Martin Corp.
• PULSONIC
• Optical Scientific, Inc.
• MORCOM International
• Met One Instruments Inc.
• Skye Instruments Ltd.

Competitive Landscape

Some of the major players competing in the global weather information technologies market are Vaisala; All Weather, Inc.; Columbia Weather Systems, Inc.; Campbell Scientific, Inc.; General Acoustics e.K.; IBM Corp.; Gill Instruments Ltd.; Lockheed Martin Corp.; PULSONIC; Optical Scientific, Inc.; MORCOM International; Met One Instruments Inc.; and Skye Instruments Ltd.

These major players are constantly striving to get a competitive advantage over their competitors. Mergers & collaborations with software suppliers and new product launches are two of the most common marketing strategies used by major players to build new solution offerings.

For example, the National Oceanic and Atmospheric Administration teamed up with Spire, a data analytics start-up that has deployed a fleet of satellites for tracking aircraft and ships, to produce one, three, and five-day forecasts using radio occultation soundings.

For example, IBM Corporation's The Weather Company provides customized solutions for various businesses. Advanced analytics solutions have been implemented by the organization in order to provide accurate real-time insights to various users at the same time.