Weather Forecasting Systems & Solutions Market Analysis | 2022-2028

“The Weather forecasting systems & solutions market was estimated at US$ 2.76 billion in 2021 and is expected to grow at a CAGR of 8.14% during 2022-2028 to reach US$ 4.8 billion by 2028.”

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Market Dynamics

Introduction

Weather Forecasting Systems & Solutions is a technology that predicts the atmospheric condition of a particular location in the future. As per the latest technology, apart from 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 have 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.

Market Drivers

The increasing need for precise weather predictions to carry out onshore operations, the rising demand for effective air traffic control at airports, and the 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 guarantee public safety, which in turn bolsters the market globally.

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Segments Analysis

By System Type 

“The ground-based systems segment dominates the market during the forecast period.”

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.

By Component Type

“The software component segment dominates the market during the forecast period.”

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

By End-User Type

“The commercial segment dominates the market during the forecast period.”

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 forecast systems from different industries across the globe.

Regional Analysis

“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 of 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.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

The following are the key players in the weather forecasting systems & solutions market (arranged alphabetically).

• Airmar Technology Corporation
• Campbell Scientific. Inc.
• Columbia Weather Systems
• Columbia Weather Systems
• G. Lufft Mess-Und Regeltechnik
• Gill Instruments Pvt. Ltd.
• Hoskin Scientific
• Liquid Robotics
• Met One Instruments, Inc.
• Morcom International, Inc.
• Skye Instruments Ltd.

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. 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.

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Research Methodology

This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

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 three players).
• SWOT analysis of key players (up to three players).

Competitive Benchmarking

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

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