Weather Forecasting Systems Market Share Analysis By Vertical, End User, Deployment, Type, Region & Technology

The report on the weather forecasting systems market provides a detailed trend analysis from 2018 to 2026. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market. The Weather Forecasting Systems Market is projected to grow from USD 2.7 billion in 2021 to USD 3.5 billion by 2026, at a CAGR of 5.1% in terms of value during the forecasted period. The market exhibits lucrative growth potential during the forecast period primarily due to the increasing demand for weather monitoring systems by end-user industries to align their business activities as per the changes in prevalent weather conditions. The market is also driven by the enhanced need for weather monitoring to support disaster management at a local, regional, and global level. 

Based on application, the weather satellites segment is estimated to lead the weather forecasting systems market from 2021 to 2026 and is projected to grow further due to the increasing need for earth monitoring and weather observing systems to measure, monitor, and provide valuable inputs on several climatic parameters.

The Weather Company (US), Vaisala OYJ (Finland), AccuWeather Inc. (US), StormGeo (Norway) and DTN (US) are some of the key players in weather forecasting Systems market.

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Short-term weather forecasting method provides information on the upcoming weather where the projection time ranges from few hours to 48 hours or in some cases up to 72 hours. A short-range forecast is based on weather charts, maps, satellite images, weather balloons and ground-based information. The information provided is not only used for weather prediction, but it also serves in other applications like aviation, ship routing, etc. Hence, the increasing demand for weather forecasts by fisheries and transportation sectors is anticipated to drive the growth of the short-range segment of the weather forecasting systems market from 2021 to 2026.

Based on vertical, the Others segment is expected to witness the fastest growth during the forecast period. 2021 to 2026. The requirement of weather forecasting systems in media and telecommunications, sports complexes, and other private enterprises are driving the growth of weather forecasting systems market.

Based on region, Asia Pacific is expected to lead the weather forecasting systems market from 2021 to 2026. The growth of the Asia Pacific weather forecasting  Systems market is primarily driven by increasing focus on increasing investments in weather forecasting Systems technologies by countries in this region Besides, the regional economies have undertaken several projects related to sustainable and renewable energy generation to protect the environment and avoid energy crises in the future. Since most renewable energy sources are vulnerable to weather fluctuations, the need to maximize energy output necessitates the adoption of sophisticated weather monitoring and forecasting systems to ensure optimal output, thereby driving the weather forecasting systems market in the region.

Contracts were the main strategy adopted by leading players to sustain their position in the weather forecast systems market, followed by new product developments with advanced technologies. Many companies also collaborated to set up special centers for the research & development of advanced weather forecast equipment.

Key players such as The Weather Company (US), Vaisala OYJ (Finland), AccuWeather Inc. (US), StormGeo (Norway), Sutron Corporation (US), Campbell Scientific (US), Airmar Technology Corporation (US), All Weather, Inc. (US), G. Lufft Mess-und Regeltechnik (Germany), and Skye Instruments (UK) are the major industry players for the Weather forecasting Systems market.

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