The weather forecasting systems market was estimated to be worth USD 2.3 billion in 2021 and is projected to increase to USD 3.3 billion by 2026, and also garner a CAGR of 5.7% from 2022 - 2027.
Weather forecasting is a typical combination of science and technology to predict the atmospheric and environmental conditions of a particular region. Weather forecasting involves collecting quantitative data from the atmosphere of a particular location and processing this data using various scientific techniques to predict changes in the atmosphere. There are several weather forecasting systems on the market that consist of various components, including sensors, communication devices, computer systems, and software. These systems are typically used to collect, process and interpret atmospheric data and transmit this information to various channels around the world.
A combination of science and technology is used to predict atmospheric conditions and environmental changes, known as weather forecasts. Using weather forecasting, quantitative data about the atmosphere is collected for a particular location. This data is then processed using various scientific techniques to predict changes in climate and the environment.
Different types of weather forecasting techniques are available in the market and consist of various components such as sensors, computer systems, communication devices and software. These systems are used in order to collect atmospheric data, to process it and to interpret the information towards the various channels around the world. Weather warnings helped protect life and property.
Recent Developments:
In September 2019, DTN completed the purchase of Weatherzone, an Australia-based private weather service provider.
In 2015, Munro Instruments Limited launched almost 150 series weather sensors that can enable consumers to mix and match with different types of sensors.
The weather forecasting software segment combines a network of systems that gather and consolidate hydrological, satellite meteorological, and radar information to foreseen weather in particular areas. This allows very accurate weather forecasts for the issuance of increasingly reliable weather warnings and advisories by interested agencies.
Also, the weather station market is expected to dominate the weather forecasting systems market between 2019-2026, owing to a large number of personal weather station installations, professional weather stations and home weather stations, among others around the world. Weather stations often gather data related to the climate and environment of areas with the help of information provided by various sensors.
Any unwanted climate change causes tremendous damage to life and property and therefore safety concerns are increasing and fueling the growth of the market. Forecasting is done using these weather forecasting systems, so reliability can help take preventive measures against pollution, ecological disasters, and natural disasters. Weather forecasting systems have gained traction in military applications as they require constant updates on air traffic control and weather. Continuous technological advancements being made in weather forecasting systems to predict precise changes in the atmosphere are driving market growth. The challenge faced by the market is the complexity of the system. The operation of the systems is very complex and requires well-trained professionals to operate them.
The global weather forecast systems market is divided based on the end-user, component, system type, equipment, forecast type, and geography.
Depending on the end-user, the market is divided into aviation, energy, military, agricultural, maritime, and transportation. According to the components, the market is classified into data loggers, software, sensors, and hardware. According to the device, the weather forecast market is divided into barometer, hygrometer, thermometer, weather balloons, anemometer, rain gauge, and psychrometer. Depending on the type of system, the market is divided into meteorological satellite systems, meteorological stations, radiosondes, meteorological radars and sounding systems. According to the type of forecast, the market is classified into normal, medium, short and long-range.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2021 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
5.7% |
Segments Covered |
Based on the end-user, Component, Equipment, forecast type |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Vaisala, Sutron Corporation, Campbell Scientific, Airmar Technology Corporation, All Weather, Inc. Morcom International, Columbia Weather Systems,G. Lufft Mess-und Regeltechnik and Skye Instruments |
Regional Analysis:
When it comes to regions, the global weather forecasting system market is spread across regions such as
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
The region that dominates the market for weather forecasting systems is North America. This growth is attributed to the continuous improvement of weather stations and weather satellites. In the United States, there are 12 commercial weather stations and 18 weather satellites. The Asia-Pacific region is also estimated to progress with a considerable share in the market. Factors contributing to this growth include the rapid growth of the transport sector in countries such as India and China and rapid industrialization. Regions like Latin America, the Middle East, and Africa also provide enormous opportunities for market players to invest in the business.
Key market players:
The main players in the global weather forecasting systems market are The Weather Company (United States), Vaisala (Finland), Sutron Corporation (United States), Campbell Scientific (United States), Airmar Technology Corporation (United States), All Weather, Inc. (United States), Morcom International (United States), Columbia Weather Systems (United States), G. Lufft Mess-und Regeltechnik (Germany) and Skye Instruments (United Kingdom), among others.
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