Market Overview:
The global weather forecasting systems market is expected to grow from USD 2.02 billion in 2018 to USD 3.06 billion by 2030, at a CAGR of 5.1% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for accurate and timely weather forecasts for various applications such as military, agriculture, aviation, transportation, energy, marine and others.
Product Definition:
Weather forecasting systems are computer models that use mathematical equations to predict the future state of the atmosphere. These models can be used to predict weather patterns days or even weeks in advance. The accuracy of these predictions depends on the quality of the data used to create the model and on how well the model is tuned to represent current atmospheric conditions.
The main purpose of weather forecasting systems is to provide information about potential weather hazards so that people can take precautions before they occur. For example, a severe thunderstorm might be predicted several days in advance, giving people time to evacuate if necessary. Weather forecasting systems are also used by emergency responders and transportation officials to make decisions about when and where it is safe to operate their vehicles or fly aircraft.
Short Range:
Short range weather forecasting is the branch of meteorology that deals with the study and prediction of weather events in a distance of 50 to 200 miles. The factors that propel market growth include increasing demand for short range weather forecast models from agriculture, energy, transportation and emergency management sectors. Moreover, rising need for accurate predictions regarding wind speed and direction along with atmospheric temperature is expected to drive the market over the forecast period.
Midium Range:
The midium range is the middle ground between accuracy and complexity in weather forecasting systems. It has been used as a key ingredient in developing various weather models and forecasting techniques that are used by meteorologists across the globe. The most popular technique based on midium range principle is called hybrid method which blends aspects of both statistical models (e.g., linear mixed-effects model) along with nonlinear methods (e.g., neural network).
Application Insights:
The military segment dominated the global weather forecasting systems market in 2017, accounting for over 40% of the overall revenue. The growth can be attributed to increasing investments by governments in advanced weather monitoring and forecasting capabilities. For instance, according to a study published by Oxford Research Group Inc., the U.S. government invested around USD 22 billion from fiscal year 2011 to 2015 on homeland security activities including protection against terrorism and natural disasters such as floods, droughts etc.
The agriculture segment is expected register significant growth over the forecast period owing to advancements in technology that help farmers with real-time data related to soil moisture content or temperature etc., This helps them make better decisions while carrying out agricultural activities such as plant selection, fertilizing etc., which ultimately helps improve crop yield and quality across various agro-climatic conditions worldwide thereby boosting industry growth during this period of time frame.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being the most industrialized nation, is well equipped with weather forecasting systems that aid in disaster management as well as agriculture and aviation applications. Moreover, technological advancements coupled with high adoption of these systems by military organizations such as NATO and NORAD for strategic purposes are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing investments by governments in developing countries such as India and China for better weather forecasting system coverage across various industries including transportation, energy, marine etc.
Growth Factors:
- Increasing demand for weather forecasting systems from the aviation sector to improve flight planning and safety.
- Growing demand for weather forecasting systems from the agriculture sector to optimize crop production and protect crops from extreme weather conditions.
- Proliferation of low-cost, portable, and easy-to-use weather forecasting systems that are suitable for individual users.
- Increasing number of severe weather events due to climate change, which is driving the adoption of advanced weather forecasting systems by emergency management agencies worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Weather Forecasting Systems Market Research Report
By Type
Short Range, Midium Range, Long Range, Hazardous Weather Forecasting
By Application
Military, Agriculture, Aviation, Transportation, Energy, Marine, Others
By Companies
Vaisala, Sutron, Campbell Scientific, Airmar, Liquid Robotics, Lockheed Martin, All Weather, Morcom, Columbia Weather Systems, Skye Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Weather Forecasting Systems Market Report Segments:
The global Weather Forecasting Systems market is segmented on the basis of:
Types
Short Range, Midium Range, Long Range, Hazardous Weather Forecasting
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Agriculture, Aviation, Transportation, Energy, Marine, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vaisala
- Sutron
- Campbell Scientific
- Airmar
- Liquid Robotics
- Lockheed Martin
- All Weather
- Morcom
- Columbia Weather Systems
- Skye Instruments
Highlights of The Weather Forecasting Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Short Range
- Midium Range
- Long Range
- Hazardous Weather Forecasting
- By Application:
- Military
- Agriculture
- Aviation
- Transportation
- Energy
- Marine
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Weather Forecasting Systems 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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Weather forecasting systems are a type of computer model that predicts the weather for specific locations. These models use data from past weather patterns and current conditions to make predictions about future weather conditions.
Some of the major companies in the weather forecasting systems market are Vaisala, Sutron, Campbell Scientific, Airmar, Liquid Robotics, Lockheed Martin, All Weather, Morcom, Columbia Weather Systems, Skye Instruments.
The weather forecasting systems market is expected to register a CAGR of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Weather Forecasting Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Weather Forecasting Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Weather Forecasting Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Weather Forecasting Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Weather Forecasting Systems Market Size & Forecast, 2018-2028
4.5.1 Weather Forecasting Systems Market Size and Y-o-Y Growth
4.5.2 Weather Forecasting Systems Market Absolute $ Opportunity
Chapter 5 Global Weather Forecasting Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Weather Forecasting Systems Market Size Forecast by Type
5.2.1 Short Range
5.2.2 Midium Range
5.2.3 Long Range
5.2.4 Hazardous Weather Forecasting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Weather Forecasting Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Weather Forecasting Systems Market Size Forecast by Applications
6.2.1 Military
6.2.2 Agriculture
6.2.3 Aviation
6.2.4 Transportation
6.2.5 Energy
6.2.6 Marine
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Weather Forecasting Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Weather Forecasting Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Weather Forecasting Systems Analysis and Forecast
9.1 Introduction
9.2 North America Weather Forecasting Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Weather Forecasting Systems Market Size Forecast by Type
9.6.1 Short Range
9.6.2 Midium Range
9.6.3 Long Range
9.6.4 Hazardous Weather Forecasting
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Weather Forecasting Systems Market Size Forecast by Applications
9.10.1 Military
9.10.2 Agriculture
9.10.3 Aviation
9.10.4 Transportation
9.10.5 Energy
9.10.6 Marine
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Weather Forecasting Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Weather Forecasting Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Weather Forecasting Systems Market Size Forecast by Type
10.6.1 Short Range
10.6.2 Midium Range
10.6.3 Long Range
10.6.4 Hazardous Weather Forecasting
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Weather Forecasting Systems Market Size Forecast by Applications
10.10.1 Military
10.10.2 Agriculture
10.10.3 Aviation
10.10.4 Transportation
10.10.5 Energy
10.10.6 Marine
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Weather Forecasting Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Weather Forecasting Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Weather Forecasting Systems Market Size Forecast by Type
11.6.1 Short Range
11.6.2 Midium Range
11.6.3 Long Range
11.6.4 Hazardous Weather Forecasting
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Weather Forecasting Systems Market Size Forecast by Applications
11.10.1 Military
11.10.2 Agriculture
11.10.3 Aviation
11.10.4 Transportation
11.10.5 Energy
11.10.6 Marine
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Weather Forecasting Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Weather Forecasting Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Weather Forecasting Systems Market Size Forecast by Type
12.6.1 Short Range
12.6.2 Midium Range
12.6.3 Long Range
12.6.4 Hazardous Weather Forecasting
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Weather Forecasting Systems Market Size Forecast by Applications
12.10.1 Military
12.10.2 Agriculture
12.10.3 Aviation
12.10.4 Transportation
12.10.5 Energy
12.10.6 Marine
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Weather Forecasting Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Weather Forecasting Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Weather Forecasting Systems Market Size Forecast by Type
13.6.1 Short Range
13.6.2 Midium Range
13.6.3 Long Range
13.6.4 Hazardous Weather Forecasting
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Weather Forecasting Systems Market Size Forecast by Applications
13.10.1 Military
13.10.2 Agriculture
13.10.3 Aviation
13.10.4 Transportation
13.10.5 Energy
13.10.6 Marine
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Weather Forecasting Systems Market: Competitive Dashboard
14.2 Global Weather Forecasting Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vaisala
14.3.2 Sutron
14.3.3 Campbell Scientific
14.3.4 Airmar
14.3.5 Liquid Robotics
14.3.6 Lockheed Martin
14.3.7 All Weather
14.3.8 Morcom
14.3.9 Columbia Weather Systems
14.3.10 Skye Instruments
