Weather Forecasting Systems Market Forecasts to 2028 – Global Analysis By Transmission (Video Clips, Images), Solution (Hardware, Software), Application (Weather Drones, LiDAR), End User (Media, Marine) and By Geography
According to Stratistics MRC, the Global Weather Forecasting Systems Market is accounted for $2.43 billion in 2020 and is expected to reach $4.40 billion by 2028 growing at a CAGR of 7.7% during the forecast period. Rise in climate change patterns, increasing safety and security concerns, increasing use of big data analytics in weather forecasting are driving the market growth. However, high chances of inaccuracies and false weather alarms are hampering the growth of the market.
Weather forecasting is a typical combination of science and technology to foresee the atmospheric and environmental condition of a particular region to predict the atmospheric change. A weather forecasting system uses science and technology to predict the conditions of the atmosphere for a given location and time.
Based on the forecast type, the long range segment is going to have lucrative growth during the forecast period due to the increasing demand for the services of weather forecasting by major industries such as aviation, agriculture and renewable energy is expected to drive the growth of the segment.
By geography, Asia Pacific is going to have high growth during the forecast period due to the rapid industrialization and growth of transportation industry in the countries such as China and India. Factors such as increasing the growth of air and sea transport and dependency on rainfall for water for better economic conditions in developing regions are also contributing to the growth of Asia Pacific weather forecasting market.
Some of the key players profiled in the Weather Forecasting Systems Market include
Accuweather, Inc., Airmar Technology Corporation, All Weather, Inc., Campbell Scientific, Gill Instruments, Honeywell International, Inc., Hoskin Scientific, Met One Instruments, Inc., Meteogroup, Morcom International, Raytheon Company, Skye Instruments, Sutron Corporation and The Weather Company.
• Video Clips
• Weather Drones
• Airborne Light Detection and Ranging (LiDAR)
• Weather Observing Systems
• Weather Balloons
• Weather Satellites
• Weather Stations
Forecast Types Covered:
• Normal Range
End Users Covered:
• Oil & Gas
• Weather Service Providers
• Renewable Energy
• Military & Defense
• Transportation & Logistics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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