According to the research report published by Polaris Market Research, the global weather forecasting systems market was valued at USD 2.80 billion in 2021 and is expected to reach USD 4.40 billion by 2030, to grow at a CAGR of 5.4% during the forecast period.
Polaris Market Research has published its latest comprehensive research study tiled Weather Forecasting Systems Market Evaluation. The report offers an in-depth analysis of all the key market aspects, covering Weather Forecasting Systems market share, size, trends, and industry developments. It offers authentic data and information to clients, helping them make strategic decisions. In addition, the research report tracks and provides information on all the major innovations and technological advancements in the market.
The research report considers the market’s past performance, highlights the market’s current status, and provides information on market forecasts. It examines the market’s competitive environments, along with the major segments and sub-segments in the market. In addition, an examination of the key regions and sub-regions has been provided. Stakeholders, investors, businesses, and other stakeholders will benefit from the detailed insights provided in the research study.
Market Dynamics
Growth Drivers: The research report sheds light on all the major factors driving the Weather Forecasting Systems market growth.
Market Trends: The study identifies and highlights all the key trends expected to fuel market development in the coming years.
Market Opportunities: The research report identifies areas where there is potential for growth or innovation within the market.
Key Challenges: Along with growth drivers and trends, the study details the most pressing challenges faced by the market and their potential impact on businesses and investors.
Research Methodology
This section of the Weather Forecasting Systems market research report highlights the research design and methods used to collect and analyze information. The report has been prepared by using a mix of both qualitative and quantitative analysis. Both primary and secondary research techniques, including surveys, focus groups, and information from credible sources, have been used to collect market data. The study has been prepared by expert analysts and researchers having extensive experience in the industry. In addition, all the information goes through a multi-step verification method to ensure accurate and reliable market analysis.
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Competitive Landscape
The Weather Forecasting Systems market competitive landscape explores all the major players in the market. It offers insight into the strategies, market share, strengths, and weaknesses. It also includes a competitive matrix, highlighting how the major market players across different market criteria such as product offerings, innovation, customer service, or pricing. An analysis of emerging market competitors has also been provided in the report. The research study makes use of industry-standard methodologies such as Porter’s Five Forces analysis and SWOT analysis to offer a thorough analysis of the market’s competitive environment.
A few of the major players covered in the research report are:
AccuWeather
Inc.
Airmar Technology Corp.
All Weather
Inc. (AWI)
Campbell Scientific
Inc.
Columbia Weather Systems Inc.
Gill Instruments Limited
Honeywell International
Inc.
IBM Corporation
Lockheed Martin Corporation
Met One Instruments Inc.
MeteoGroup
MORCOM International
Munro Instruments Limited
Raytheon Company
Skye Instruments Limited
Sutron.
Vaisala.
Market Segmentations
Solution Outlook (Revenue - USD Billion, 2018–2030)
Hardware:
Barometers
Anemometers
Hygrometers
Rain Gauges
Thermometers
Communication & Data Loggers
Sounding Systems & Radiosondes
Others
Software:
Data Collection & Processing Software
Weather Monitoring & Display Software
Supercomputing
Big Data Analytics
Others
Application Outlook (Revenue - USD Billion, 2018–2030)
Weather Satellites
Weather Observing Systems
Weather Stations
Weather Drones
Weather Balloons
Weather LiDAR
Weather Radar
Others
Forecast Type Outlook (Revenue - USD Billion, 2018–2030)
Nowcast
Short-range
Medium-range
Extended-range
Long-range
Vertical Outlook (Revenue - USD Billion, 2018–2030)
Agriculture
Aviation
Renewable Energy
Marine
Oil & Gas
Transport & Logistics
Military
Meteorology
Weather Service Providers
Others
Regional Overview
The research report discusses how the growth of the market across various regions and sub-regions. The regional analysis section provides Weather Forecasting Systems market information at the global, national, and regional levels. In addition, an assessment of the market’s historical performance in specific regions and their supply and demand, logistics, and production capacity has been provided. The report also includes a forecast analysis section that provides vital information on revenue projection and global production, along with regional forecasts.
Growth Drivers
The market for weather forecasting systems is being driven by the adoption of automated climate forecasting systems, digital climate apps, and advanced forecasting software across various industries.
For example, in October 2021, Vaisala, a global leader in climate, ecological, and industrial monitoring, launched the AWS810 Automatic Weather Station. This innovative system sets new standards for modern, high-performance, and secure climate station networks. It represents a generational leap in the industry, offering top-tier climate station observations, future-readiness, and an advanced, secure, integrated network infrastructure. The AWS810 simplifies the creation, management, and long-term maintenance of innovative observation networks through detailed measurement, interactive features, and comprehensive data monitoring.
In July 2021, AccuWeather introduced its new Hurricane Tracker within the AccuWeather app for iOS and Android, as well as on accuweather.com. This feature provides real-time tracking of hurricanes and tropical storms, accessible from multiple points within the app. It ensures users have immediate access to critical data, enhancing public awareness and preparedness for approaching storms.
Additionally, in September 2021, Vaisala announced the release of the Indigo510 Transmitter, compatible with all Indigo smart probes. This device offers modular support for one probe at a time and features a touchscreen display for local data visualization. As part of Vaisala's premium Indigo transmitting family, the Indigo510 shares the same robust design, operating systems, and display as the flagship Indigo520 Transmitter.
These advancements in software and hardware for climate forecasting systems are key drivers of growth in the weather forecasting systems market during the forecast period.
The key regions and sub-regions covered in the research report are:
• North America (US, Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
The Report Answers Questions Such As
• What are the Weather Forecasting Systems market stats?
• What is the projected growth rate of the Weather Forecasting Systems market value?
• Which region is projected to witness the fastest growth during the forecast period?
• Which segment accounted for the largest market share?
• Who are the top companies operating in the market?
• How are strategic developments expected to impact the market in the coming years?
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