The global weather forecasting systems market size is expected to reach USD 3.61 Billion at a CAGR of 5.4% during the forecast period, according to latest analysis by Emergen Research. Growing need for more accurate and reliable information related to climate patterns and constant monitoring are some key factors driving market revenue growth at a rapid rate. Sudden and unexpected climatic changes cause major damage to life and property, and safety and security concerns have been rising as a result.
Continuous technological advancements in weather forecasting systems to predict changes in the atmosphere more accurately are also factors supporting revenue growth of the market. Different types of weather forecasting techniques are used and more advanced solutions such as sensors, computing systems, communication devices, and software have been gaining rapid traction in the recent past. These systems are used for the purpose of collecting atmospheric data, processing it, and interpreting the information to various channels across the globe.
The weather forecasting systems market is segmented into weather satellites, weather observing systems, weather stations, weather drones, and weather balloons. The weather stations segment accounted for largest revenue share in 2020. This growth can be attributed to rising number of installations of personal weather stations, professional weather stations, and home weather stations among others in countries across the globe.
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Major companies operating in the market are The Weather Company, Sutron Corporation, Campbell Scientific, Airmar Technology Corporation, All Weather, Inc., Morcom International, Columbia Weather Systems, G. Lufft Mess-und Regeltechnik, Vaisala, and Skye Instruments.
Incorporation of big data analytics and technological advancements in weather forecasting applications are some key factors driving market revenue growth
weather forecasting systems Market Size – USD 2.35 Billion in 2020, Market Growth – at a CAGR of 5.4%, Market Trends – New advanced product launches
North America accounted for largest revenue share contribution to the global market in 2020, which is expected to increase substantially during the forecast period. This can be largely attributed toincreased demand for highly accurate weather forecasting systems from the aviation and commercial sectors. The region is considered to be the largest developer, operator, and exporter of weather forecasting systems, globally. The US and Canadian governments are investing substantially for enhancement of capabilities of their respective weather forecasting agencies.
Forecast Type Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
Weather Observing Systems
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Key Points of weather forecasting systems Market:
Extensive coverage of thes analysis of the weather forecasting systems market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the weather forecasting systems market
Complete data about the key manufacturers and vendors in the weather forecasting systems market
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