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The global weather forecasting systems market is expected to grow at a CAGR of 5.6% between 2024 and 2032, reaching a projected value of USD 5.06 billion by 2032.
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Weather forecasting utilises observational data, tools, technology, and science to forecast the weather for months, days, and hours for a certain location. Before the development of computer models, weather forecasting was done by observation with high levels of inaccuracies. Weather forecasting systems employ software and hardware solutions to build on atmospheric research as well as operational weather forecasting to accurately predict weather.
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Based on the solution, the market can be bifurcated into hardware and software. On the basis of forecasting type, the market is segmented into long range forecasting, medium range forecasting, and short range forecasting. Based on the application, the market is divided into weather satellites, weather observing systems, weather stations, weather drones, weather LiDAR, and weather balloons, among others.
On the basis of end-use industry, the market can be categorised into agriculture, energy and utilities, transportation and logistics, defence and military, aviation, marine, and meteorology and weather service provider, among others. The weather forecasting systems market can be divided based on regions into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global weather forecasting systems market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The software segment is expected to gain momentum in the weather forecasting systems market across the globe as it incorporates a complex network of systems. While potential of hardware systems is limited, with advancements in technology, software systems offer significantly greater potential.
Types of software systems used in weather forecasting include data collection and processing software, weather monitoring and display software, big data analytics, and supercomputing. These systems assemble as well as establish hydrological, meteorological, radar, and satellite data to forecast weather for a specific location.
Geographically, the North American region is augmenting the weather forecasting systems market share on account of the presence existence of major market players in the region like Campbell Scientific, Inc., All Weather, Inc., Skye Instruments Limited, and Vaisala Inc., among others.
Rapid technological advancements along with early adoption of the innovative technologies in several sectors like renewable energy, military and defence, agriculture, and transportation are further driving the market growth in the region.
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Accuweather, Inc. combines technology, weather data, and human insights to improve businesses and lives. It is the most known as well as the most utilised source of weather forecasts along with weather warnings across the globe, known to billions, and is proven and verified to be the most accurate.
IBM Corporation provides information technology (IT) services and products. It sells and produces software and hardware systems, along with hosting, consulting services, and infrastructure.
Skye Instruments Limited is involved in manufacturing and designing instrumentation for plant growth, agricultural research, and environmental monitoring. It is known for producing premium quality instruments that are long-lasting in the field as well as for having outstanding consumer relationships all over the world.
Other market players include Vaisala Oyj, StormGeo AS, DTN LLC, Campbell Scientific, Inc., Airmar Technology Corporation, OTT HydroMet Fellbach GmbH, and Fugro Group, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Solution |
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Breakup by Forecasting Type |
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Breakup by Application |
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Breakup by End Use Industry |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is assessed to grow at a CAGR of 5.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 5.06 billion by 2032.
The major market drivers are uncertain weather conditions due to climate change along with high dependency on rainfall for water supply.
The key market trends include rapid technological advancements and increasing adoption of weather forecasting technologies.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various solutions for weather forecasting systems include hardware and software.
The different forecasting types include long range forecasting, medium range forecasting, and short range forecasting.
The different end-uses in the market include agriculture, energy and utilities, transportation and logistics, defence and military, aviation, marine, and meteorology and weather service provider, among others.
The different applications in the weather forecasting systems market include weather satellites, weather observing systems, weather stations, weather drones, weather lidar, and weather balloons, among others.
The major players in the market are Accuweather, Inc., IBM Corporation, Vaisala Oyj, StormGeo AS, DTN LLC, Campbell Scientific, Inc., Airmar Technology Corporation, OTT HydroMet Fellbach GmbH, Fugro Group, and Skye Instruments Limited, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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