Global Weather Forecasting System And Solutions Market by End Use (Enterprise, Defense & Military), by Forecast Range (Short, Long, Medium) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2016, the global market for weather forecasting systems and solutions was worth USD 2.51 billion. The market is expected to grow at 7.1% during the forecast period. These systems allow enterprises to gain real-time insight into the weather conditions. This allows them to plan for all weather-sensitive operations in order to ensure safety, security, sustainability, safety and cost efficiency. Market growth is being driven by key trends such as increasing sea and air transport, stringent environmental protection norms, and high dependence on rainwater for water supply.

People are becoming more concerned about the environment due to extreme weather conditions that can lead to natural catastrophes. The market for weather forecasting solutions is growing because of the increasing need for accurate information about climate and continuous monitoring. These systems allow enterprises to gain real-time insight and improve their decision-making process in order to maximize profit. The market for weather forecasting systems is likely to be constrained by issues such as complex weather models and inaccuracies.

North American verticals have adopted weather forecasting technologies in large numbers. There are many prominent technology companies in the region that focus on innovation. Organizations in the region are early adopters of technological advances.

The market is benefiting from technological advancements like data analytics improvements and increased use of supercomputers that deliver more computing power. Asia Pacific will be the fastest-growing region during the forecast period. Due to the high adoption of advanced technology, Europe will be a major destination for market players.

Forecast Range Insights

Forecasting systems and solutions can be used to analyze the current and future conditions of an area. This system is crucial in reducing maintenance and operational expenses for enterprises. For enterprises to plan their activities, accurate weather forecasts are essential. The market can be divided into three segments based on its range: short-range (medium-range), medium-range (long-range), and long-range.

Medium range is expected to be the fastest-growing segment during the forecast period. The range type can last from 7 to 10 business days. This information is useful for water management, flood management, and agriculture. It is useful for small-scale operational strategic decisions. Due to the increasing need for safety, security and efficiency, both the short-range and long-range segments are poised to grow significantly in the forecast period.

Component Type Insights

CAGR for the systems segment is expected to be the greatest. This is due to the increasing demand for weather stations and radars to provide accurate weather forecasts. Due to the growing demand for ground-based and air-based systems, and the need for reliable data about climate change, there is also a sharp increase in demand.

In 2016, the solutions segment dominated and will continue to dominate the market. Solutions and advanced computing have contributed to the market's high growth. This helps in reducing maintenance and operational costs.

End-Use Information

The market for weather forecasting systems and solutions can be divided by end use into three segments: enterprises, defense and military and meteorology and weather service providers. In 2016, the enterprise segment was dominant and will continue to dominate the market through 2025. These systems provide accurate weather predictions that aid enterprises in making strategic decisions. Due to the increasing demand for advanced weather monitoring technology, enterprise growth is expected to be high.

Due to increased safety and security concerns in different countries, the defense & military sector is expected to experience significant growth in the next few years. Forecast years will see meteorology and weather service providers grow at a CAGR just above 6.0%. Uncertain rainfall and increasing natural disasters are driving the growth of weather forecasting systems. For smooth operations in many industries, including transportation, energy and aviation, there are advanced systems and solutions that are required.

Regional Insights

North America was the dominant market in 2016 thanks to prominent players like All Weather, Inc. (AWI), Campbell Scientific, Inc., Lockheed Martin Corporation, and Skye Instruments Limited; Vaisala Inc. The positive impact of technological advances, the proliferation of digital services across all major sectors, and the early adoption of new technologies in different sectors, such as agriculture, military & defense, renewable energies, transportation, and agricultural, are some of the factors that have influenced the region's growth.

Asia Pacific will be the fastest-growing regional market, with a CAGR in excess of 9.7% during the forecast period. The key factors driving the region's growth are stringent regulatory norms and increasing sea & aircraft transportation as well as rainfall dependence for water supply. The region will see a growing demand for weather forecasting and other solutions due to natural disasters.

Weather Forecasting System and Solutions Market Share Insights

Airmar Technology Corp., All Weather, Inc., Campbell Scientific, Inc., Columbia Weather Systems Inc., Gill Instruments Limited, Lockheed Martin Corporation, MORCOM International, Munro Instruments Limited, Skye Instruments Limited, and Vaisala are some of the prominent players in this market.

The key players are focused on providing innovative and cost-effective solutions. To gain an edge over their competitors, they are increasing R&D expenditures to develop innovative solutions. To consolidate their market position, dominant market players have used strategies like expansion and new product development to strengthen their position. Munro Instruments Limited, for example, released the 150-Series weather sensors in 2015. This allowed customers to mix and match sensors from different manufacturers.

Weather Forecasting System and Solutions Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at all levels, including the country, regional and global. It also analyzes the industry trends for each sub-segment from 2014 to 2025. Grand View Research segmented this report on global weather forecasting systems and solutions market based upon forecast range, component type and end use.

• Forecast range Outlook (Revenue USD Million, 2014-2025)

  • Forecast for the Short-Range

  • Forecast Medium-Range

  • Long-Range Forecast

• Component Type Outlook (Revenue USD Million, 2014-2025)

  • Solutions

  • Systems

• End-Use Outlook (Revenue USD Million, 2014-2025)

  • Enterprise

  • Defense & Military

  • Meteorology & Weather Service Provider

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • Japan

  • RoW

These are the most frequently asked questions about this report

b. Global weather forecasting systems and solutions market was valued at USD 3.04 billion in 2019, and is projected to grow to USD 3.25 billion by 2020.

b. Global weather forecasting systems and solutions market will grow at 7.1% compound annual growth rate between 2020-2025, to reach USD 4.63 Billion by 2025.

b. With a 33.22% share in 2019, North America was the dominant market for weather forecasting systems and solutions. This is due to rapid technological advances, the proliferation of digital services across all major verticals and the early adoption of the most recent technologies.

b. Airmar Technology Corp., All Weather, Inc. (AWI), Campbell Scientific, Inc., Columbia Weather Systems Inc., Gill Instruments Limited, Lockheed Martin Corporation, MORCOM International, Munro Instruments Limited, Skye Instruments Limited, and Vaisala are some of the key players in the market for weather forecasting systems and solutions.

b. The market is driven by increasing sea and air transport, stringent environmental protection norms, and high dependence on rainwater for water supply.

Up Market Research published a new report titled “Weather Forecasting System And Solutions Market research report which is segmented by End Use (Enterprise, Defense & Military), by Forecast Range (Short, Long, Medium), By Players/Companies Medium-Range Forecast , Short-Range Forecast , Forecast range Outlook (Revenue USD Million 2014 - 2025)Short-Range Forecast Medium-Range Forecast Long-Range Forecast, Long-Range Forecast”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Weather Forecasting System And Solutions Market Report Segments:

The market is segmented by End Use (Enterprise, Defense & Military), by Forecast Range (Short, Long, Medium).

Weather Forecasting System And Solutions Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Weather Forecasting System And Solutions Market

Overview of the regional outlook of the Weather Forecasting System And Solutions Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Weather Forecasting System And Solutions Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Weather Forecasting System And Solutions Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Enterprise

                2. Defense & Military

                1. Short

                2. Long

                3. Medium

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Weather Forecasting System And Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Weather Forecasting System And Solutions Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.