Weather Forecasting Systems & Solutions Market Size, Share, & Forecast | 2020-25 | Covid-19 Impact Analysis

Weather Forecasting Systems & Solutions Market Insight 

Weather forecasting systems & solutions market is likely to witness an impressive CAGR of 8.2% during the forecast period. Increasing need for precise weather predictions to carry out onshore operations, rising demand for effective air traffic control at airports, and growing need for innovative numerical weather prediction models are the prime factors that are expected to underpin the growth of the global weather forecasting systems & solutions market. Further, governments of various countries and private agencies have been investing exceedingly in the progression of advanced and efficient weather forecasting systems to render alerts for storms or cyclones in advance to warrant public safety, which in turn, bolsters the market globally.

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Weather Forecasting Systems & Solutions Market Share: By System Type 

 Based on the system type, the market is segmented as satellite-based, ground-based, and air-based. The ground-based systems segment is expected to remain dominant in the coming five years.

Weather Forecasting Systems & Solutions Market Share: By Component Type

Based on the component type, the market is segmented as software and hardware. The software component segment is estimated to register a higher growth during the forecast period, owing to the rising adoption of data collection & processing software across the world for highly precise weather predictions.

Weather Forecasting Systems & Solutions Market Share: By End-User Type

Based on the end-user type, the market is segmented as commercial, military, meteorology, and weather service providers. The commercial segment is expected to depict substantial growth during the forecast period, owing to the rising demand for advanced weather forecasting systems from different industries, across the globe.

Weather Forecasting Systems & Solutions Market Share: By Region

In terms of regions, the Asia-Pacific’s weather forecasting systems & solutions market is estimated to register the highest growth during the forecast period, driven by rapid industrialization, expansion of airports, and rising applicability of weather forecasting systems in the agriculture sector of the region. Further, development in air and sea transport, reliability on rainfall for water supply, improvement in the economy of the Asia-Pacific region, and rising demand for incessant weather monitoring for disaster management are also boosting the growth of the Asia-Pacific’s weather forecasting systems & solutions market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Some of the major players in the weather forecasting systems & solutions market are Airmar Technology Corporation, Campbell Scientific. Inc., Columbia Weather Systems, Columbia Weather Systems, Gill Instruments Pvt. Ltd., G. Lufft Mess-Und Regeltechnik, Hoskin Scientific, Liquid Robotics, Met One Instruments, Inc., Morcom International, Inc., and Skye Instruments Ltd.

Market Scope & Segmentation

Weather Forecasting Systems & Solutions is a technology that predicts the atmospheric condition of a particular location in future. As per the latest technology, apart from such predicting the condition, the technology is also capable of providing a solution for situations such as a climatic disturbance in an area.

Weather Forecasting Systems & Solutions work on several data that has been collected through hardware as well as software technologies. The -system can be ground-based, air-based, or even satellite-based. It is majorly used in the case of military, meteorology, weather service, and commercial purposes.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The weather forecasting systems & solutions market is segmented into the following categories. 

Weather Forecasting Systems & Solutions Market Size, Share, & Forecast, by Type:

• Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Solutions
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Type Analysis: Super Computing, Big Data Analytics, and Others)

Weather Forecasting Systems & Solutions Market Size, Share, & Forecast, by Component Type:

• Software
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Component Type Analysis: Data Collection & Processing Software and Weather Monitoring & Display Software)
• Hardware
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Component Type Analysis: Barometers, Anemometers, Hygrometers, Rain Gauges, Thermometers, Weather Antennas, Communication & Data Loggers, Sounding Systems & Radiosondes, and Others)

Weather Forecasting Systems & Solutions Market Size, Share, & Forecast, by System Type:

• Satellite-Based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ground-Based
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (System Type Analysis: Weather Observing Systems, Weather Radar, Weather Stations, and Others)
• Air-Based
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (System Type Analysis: Weather Drones, Weather Balloons, and Airborne Lidar)

Weather Forecasting Systems & Solutions Market Size, Share, & Forecast, by End-User Type:

• Commercial
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-User Type Analysis: Agriculture, Aviation, Transportation & Logistics, Oil & Gas, Marine, Renewables, and Others)
• Military (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Meteorology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Weather Service Providers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Weather Forecasting Systems & Solutions Market Size, Share, & Forecast, by Forecasting Type:

• Nowcast (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Short-Range Forecasting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Medium-Range Forecasting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Extended-Range Forecasting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Long-Range Forecasting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Weather Forecasting Systems & Solutions Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by end-user type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].