Weather Forecasting Services Market by Industry (Renewable Energy, Oil & Gas, Shipping, Media, Agriculture, Insurance, Retail, Aviation), Purpose (Safety, Operational Efficiency), Forecasting Type and Region - Global Forecast to 2021

  • ID: 3978422
  • Report
  • Region: Global
  • 161 Pages
  • Markets and Markets
1 of 5
The Weather Forecasting Services Market is Projected to Grow From USD 1.10 Billion in 2016 to USD 1.56 Billion by 2021 at a CAGR of 7.15% During the Forecast Period

FEATURED COMPANIES

  • Accuweather, Inc.
  • ENAV S.P.A.
  • Met Office
  • Meteogroup
  • Meteosim SL
  • Skyview Systems Ltd.
  • MORE

“Increasing demand for more reliable and accurate weather forecast is a major factor driving the weather forecasting services market globally’’

Factors such as rapid industrialization, growth in transportation (aviation and shipping), and constant measures to reduce greenhouse gas emissions, and increase in production of clean energy (renewable energy) are influencing the growth of the weather forecasting services market.

Main functions of weather forecasting services include issuing disaster warnings, giving information to optimize operations, and increasing the efficiency of industries, which extensively rely on weather for operations. However, aspects such as complex process of forecasting and uncertainty of forecasts may limit its market growth.

”Based on industry, the renewable energy segment is expected to grow at the highest CAGR during the forecast period”

Based on industry, the renewable energy segment is projected to grow at the highest CAGR during the forecast period. Governments are deploying renewable energy power plants efficiently to supplement energy requirements of countries, thereby reducing emission of greenhouse gases and contributing to clean energy. These factors have fueled the growth of renewable energy industries.

“Based on forecast type, the medium range segment is expected to grow at the highest rate during the forecast period”

Based on forecast type, the medium range segment is projected to lead the weather forecasting services market during the forecast period. New developments such as advance data analytics and machine learning techniques of computers have increased accuracy and reliability of forecasts over medium range. These technological advancements have fueled the growth of the weather forecasting services market for medium range.

"The weather forecasting services market in APAC is projected to grow at the highest rate during the forecast period”

The weather forecasting services market in Asia-Pacific is estimated to account for the largest market share in 2016. The weather forecasting services market in Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

Factors such as growth of air & sea transport, dependency on rainfall for water, improving economic conditions in the Asia-Pacific region, and increasing concerns for safety & security are expected to drive the Asia-Pacific weather forecasting services market.

Break-up of primary interviews conducted for research study:

  • By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
  • By Designation: C level - 35%, Director level - 25%, and Others - 40%
  • By Region: North America - 45%, Europe - 30%, APAC - 20%, RoW - 5%

Key players in the weather forecasting services market are:

  • StormGeo (Norway)
  • The Weather Company (U.S.)
  • Fugro (Netherlands)
  • ENAV S.P.A (Europe)

Research Coverage:

The weather forecasting services market has been segmented on the basis of industry, forecasting type, and purpose. Based on industry, the weather forecasting services market has been divided into renewable energy, shipping, oil & gas, media, aviation, utilities, retail, agriculture, insurance, and others.

Based on purpose, the weather forecasting services market has been divided into operational efficiency, safety, and others. On the basis of forecast type, the market has been classified into short range, medium range, and long range.

Reasons to Buy the Report:

From an insight perspective, this research report has focused on various levels of analysis - industry analysis (industry trends, market share analysis of top players, value chain analysis, and company profiles), which together comprise and discuss basic views on competitive landscape, emerging and high-growth segments of the weather forecasting services market, high-growth regions and countries, with market drivers, restraints, and opportunities.

The report provides insights into the following pointers:

  • Market Penetration: Comprehensive information on weather forecast offered by top 10 players in the weather forecasting services market
  • Product Development/Innovation: Detailed insights on research & development activities and new product launches in the weather forecasting services market
  • Market Development: Comprehensive information about emerging markets - the report analyzes the weather forecasting services market across regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the weather forecasting services market
  • Competitive Assessment: In-depth assessment of market shares, strategies, and products of leading players in the weather forecasting services market
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Accuweather, Inc.
  • ENAV S.P.A.
  • Met Office
  • Meteogroup
  • Meteosim SL
  • Skyview Systems Ltd.
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency & Pricing
1.5 Study Limitations
1.6 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Breakdown of Primaries: by Company Type, Designation, and Region
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Analysis
2.2.2.1 Increasing Safety Concerns Because of Climate Change
2.2.2.2 Increasing International Trade
2.2.3 Supply-Side Analysis
2.2.3.1 Advancements in Weather Forecasting Technologies
2.3 Market Size Estimation
2.3.1 Research Methodology - 1
2.3.2 Research Methodology - 2
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions & Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in Weather Forecasting Services Market
4.2 Weather Forecasting Services Market, by Industry
4.3 Weather Forecasting Services Market, by Purpose
4.4 Asia-Pacific Weather Forecasting Services Market
4.5 Weather Forecasting Services Market, by Forecasting Type
4.6 Weather Forecasting Services Market, by Region
4.7 Life Cycle Analysis

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Weather Forecasting Services Market, by Industry
5.2.2 Weather Forecasting Services Market, by Purpose
5.2.3 Weather Forecasting Services Market, by Forecasting Type
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Safety Concerns Among End-Use Industries
5.3.1.2 Increase in Air Travel
5.3.1.3 Growth of Shipping Industry
5.3.1.4 Uncertainty in Rainfall
5.3.2 Restraints
5.3.2.1 Uncertainty in Forecasting Methods
5.3.2.2 Complexity of Weather Forecasting Models
5.3.3 Opportunities
5.3.3.1 Upcoming Airports in Apac and the Middle East
5.3.3.2 Rising Application of Supercomputer Models and Weather Drones
5.3.4 Challenges
5.3.4.1 Lack of Automation
5.3.4.2 Occurrence of False Alarms

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Key Influencers
6.3 Industry Trends
6.3.1 Use of Weather Balloons to Forecast Weather
6.3.2 Weather Drones
6.3.3 Supercomputers for Weather Forecast
6.3.4 Development of Computer Models With Faster Processors
6.3.5 Emergence of Next Generation Radar Technology

7 Weather Forecasting Services Market, by Industry
7.1 Introduction
7.1.1 Renewable Energy
7.1.2 Shipping
7.1.3 Aviation
7.1.4 Media
7.1.5 Oil & Gas
7.1.6 Agriculture
7.1.7 Utilities
7.1.8 Insurance
7.1.9 Retail

8 Weather Forecasting Services Market, by Purpose
8.1 Introduction
8.2 Industries Using Weather Forecasting Services (WFs) for Safety:
8.3 Industries Using Weather Forecasting Services (WFS) to Enhance Their Operational Efficiency:
8.4 Industries Using Weather Forecasting Services (WFS) for Other Purposes:

9 Weather Forecasting Services Market, by Forecasting Type
9.1 Introduction
9.2 Short Range Forecasting
9.3 Medium Range Forecasting
9.4 Long Range Forecasting

10 Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 by Industry
10.2.2 by Purpose
10.2.3 by Forecasting Type
10.2.4 by Country
10.2.4.1 U.S.
10.2.4.2 Canada
10.3 Europe
10.3.1 by Industry
10.3.2 by Purpose
10.3.3 by Forecasting Type
10.3.4 by Country
10.3.4.1 U.K.
10.3.4.2 Germany
10.3.4.3 France
10.4 Asia-Pacific
10.4.1 by Industry
10.4.2 by Purpose
10.4.3 by Forecasting Type
10.4.4 by Country
10.4.4.1 China
10.4.4.2 Australia
10.4.4.3 India
10.4.4.4 Japan
10.5 Middle East & North Africa
10.5.1 by Industry
10.5.2 by Purpose
10.5.3 by Forecasting Type
10.5.4 by Country
10.5.4.1 UAE
10.5.4.2 Saudi Arabia
10.5.4.3 Turkey
10.5.4.4 Egypt
10.6 Rest of the World
10.6.1 by Industry
10.6.2 by Purpose
10.6.3 by Forecasting Type
10.6.4 by Country
10.6.4.1 Brazil
10.6.4.2 South Africa

11 Competitive Landscape
11.1 Overview
11.2 Rank Analysis
11.3 Revenue Models in the Weather Forecasting Services Market
11.3.1 Stormgeo Revenue Model
11.3.2 Fugro Revenue Model
11.4 Competitive Scenario
11.4.1 New Product Launches
11.4.2 Mergers & Acquisitions, Partnerships, & Agreements
11.4.3 Expansions
11.4.4 Supply Contracts

12 Company Profiles
12.1 Introduction
12.2 Stormgeo
12.3 BMT Group Ltd.
12.4 Fugro
12.5 ENAV S.P.A.
12.6 Meteosim SL
12.7 Meteo-Logic
12.8 Skymet Weather Services Pvt. Ltd.
12.9 Skyview Systems Ltd.
12.11 Global Weather Corporation
12.12 Met Office
12.13 Meteogroup
12.14 Precision Weather
12.15 The Weather Company
12.16 Meteoblue
12.17 Accuweather, Inc.

List of Tables
Table 1 Ongoing Airport Expansion Projects in the Middle East
Table 2 Ongoing Airport Expansion Projects in Asia-Pacific
Table 3 Weather Forecasting Services Market Size, by Industry, by–2021 (USD Million)
Table 4 Weather Forecasting Services Market Size, by Purpose, by–2021 (USD Million)
Table 5 Weather Forecasting Services Market Size, by Forecasting Type, by–2021 (USD Million)
Table 6 Weather Forecasting Services Market Size, by Region, by-2021 (USD Million)
Table 7 North America: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 8 North America: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 9 North America: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 10 North America: Weather Forecasting Services Market Size, by Country, 2014-2021 (USD Million)
Table 11 U.S.: Weather Forecasting Services Market Size, by Industry, by-2021 (USD Million)
Table 12 U.S.: Weather Forecasting Services Market Size, by Purpose, by-2021 (USD Million)
Table 13 U.S.: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 14 Canada: Weather Forecasting Services Market Size, by Industry, by-2021 (USD Million)
Table 15 Canada: Weather Forecasting Services Market Size, by Purpose, by-2021 (USD Million)
Table 16 Canada: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 17 Europe: Weather Forecasting Services Market Size, by Industry, by-2021 (USD Million)
Table 18 Europe: Weather Forecasting Services Market Size, by Purpose, by-2021 (USD Million)
Table 19 Europe: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 20 Europe: Weather Forecasting Services Market Size, by Country, by-2021 (USD Million)
Table 21 U.K.: Weather Forecasting Services Market Size, by Industry, by-2021 (USD Million)
Table 22 U.K.: Weather Forecasting Services Market Size, by Purpose, by-2021 (USD Million)
Table 23 U.K.: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 24 Germany: Weather Forecasting Services Market Size, by Industry, by-2021 (USD Million)
Table 25 Germany: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 26 Germany: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 27 France: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 28 France: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 29 France: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 30 Asia-Pacific: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 31 Asia-Pacific: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 32 Asia-Pacific: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 33 Asia-Pacific: Weather Forecasting Services Market Size, by Country, 2014-2021 (USD Million)
Table 34 China: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 35 China: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 36 China: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 37 Australia: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 38 Australia: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 39 Australia: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 40 India: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 41 India: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 42 India: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 43 Japan: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 44 Japan: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 45 Japan: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 46 Middle East & North Africa: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 47 Middle East & North Africa: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 48 Middle East & North Africa: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 49 Middle East & North Africa: Weather Forecasting Services Market Size, by Country, 2014-2021 (USD Million)
Table 50 Uae: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 51 Uae: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 52 Uae: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 53 Saudi Arabia: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 54 Saudi Arabia: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 55 Saudi Arabia: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 56 Turkey: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 57 Turkey: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 58 Turkey: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 59 Egypt: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 60 Egypt: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 61 Egypt: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 62 Rest of the World: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 63 Rest of the World: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 64 Rest of the World: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 65 Rest of the World: Weather Forecasting Services Market Size, by Country, 2014-2021 (USD Million)
Table 66 Brazil: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 67 Brazil: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 68 Brazil: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 69 South Africa: Weather Forecasting Services Market Size, by Industry, 2014-2021 (USD Million)
Table 70 South Africa: Weather Forecasting Services Market Size, by Purpose, 2014-2021 (USD Million)
Table 71 South Africa: Weather Forecasting Services Market Size, by Forecasting Type, 2014-2021 (USD Million)
Table 72 New Product Launches, 2016
Table 73 Mergers & Acquisitions, Partnerships, & Agreements, 2015 - 2016
Table 74 Expansions, 2014
Table 75 Supply Contracts, 2015 - 2016

List of Figures
Figure 1 Markets Covered: Global Weather Forecasting Services Market
Figure 2 Study Years
Figure 3 Weather Forecasting Services Market Stakeholders
Figure 4 Research Design
Figure 5 Causes of Aviation Accidents Between 1960 and 2015
Figure 6 Airline Accidents Per Million Departures, 2005-2015
Figure 7 Research Methodology - 1
Figure 8 Research Methodology - 2
Figure 9 Research Methodology: Data Triangulation
Figure 10 Assumptions
Figure 11 Limitations
Figure 12 Weather Forecasting Services Market, by Industry, 2016 & 2021 (USD Million)
Figure 13 Weather Forecasting Services Market, by Purpose, 2016 & 2021 (USD Million)
Figure 14 Weather Forecasting Services Market, by Forecasting Type, 2016 & 2021 (USD Million)
Figure 15 Regional Snapshot
Figure 16 Weather Forecasting Services Market: Company Offerings
Figure 17 Battle for Market Share: New Product Launches, Partnerships, and Agreements are Key Growth Strategies in Wfs Market
Figure 18 Increasing Demand for Accurate Weather Forecast Expected to Provide Growth Opportunities to Weather Forecasting Service Providers
Figure 19 Renewable Energy Segment to Grow at the Highest Cagr During the Forecast Period
Figure 20 Operational Efficiency Segment Projected to Grow at the Highest Cagr During the Forecast Period
Figure 21 Shipping Segment Accounted for the Largest Share of the Asia-Pacific Weather Forecasting Services Market in 2015
Figure 22 Medium Range Segment Projected to Grow at the Highest Cagr During the Forecast Period
Figure 23 Asia-Pacific Expected to Hold the Largest Market Share During the Forecast Period
Figure 24 Asia-Pacific Projected to Witness Significant Growth During the Forecast Period
Figure 25 Weather Forecasting Services Market Segmentation
Figure 26 Weather Forecasting Services Market, by Industry
Figure 27 Weather Forecasting Services Market, by Purpose
Figure 28 Weather Forecasting Services Market, by Forecasting Type
Figure 29 Weather Forecasting Services Market Dynamics
Figure 30 Decline in Loss of Shipping Vessels (2006 - 2015)
Figure 31 Causes for Loss of Shipping Vessels in 2015
Figure 32 Value Chain Analysis: Weather Forecasting Services Market
Figure 33 Weather Forecasting Services Market, by Industry, 2016 & 2021 (USD Million)
Figure 34 Weather Forecasting Services Market, by Purpose, 2016 & 2021 (USD Million)
Figure 35 Weather Forecasting Services Market, by Forecasting Type, 2016 & 2021 (USD Million)
Figure 36 Weather Forecasting Services Market, by Region, 2016-2021 (USD Million)
Figure 37 North America Weather Forecasting Services Market Snapshot
Figure 38 Europe Weather Forecasting Services Market Snapshot
Figure 39 Asia-Pacific Weather Forecasting Services Market Snapshot
Figure 40 Middle East & North Africa Weather Forecasting Services Market Snapshot(2016)
Figure 41 Rest of the World Weather Forecasting Services Market Snapshot
Figure 42 Companies Adopted New Product Launches and Agreements as Key Growth Strategies
Figure 43 Weather Forecasting Services: Rank Analysis of Key Players (2015)
Figure 44 Stormgeo Revenue Model
Figure 45 Fugro Revenue Model
Figure 46 Weather Forecasting Services Market Evolution Framework, 2013-2016
Figure 47 Battle for Market Share: New Product Launches, Partnerships and Agreements are Key Growth Strategies
Figure 48 Industries Served by Companies in the Weather Forecasting Services Market
Figure 49 Stormgeo: Company Snapshot
Figure 50 BMT Group Ltd.: Company Snapshot
Figure 51 Fugro: Company Snapshot
Figure 52 ENAV S.P.A.: Company Snapshot
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5
  • Accuweather, Inc.
  • BMT Group Ltd.
  • ENAV S.P.A.
  • Fugro
  • Global Weather Corporation
  • Met Office
  • Meteo-Logic
  • Meteoblue
  • Meteogroup
  • Meteosim SL
  • Precision Weather
  • Skymet Weather Services Pvt. Ltd.
  • Skyview Systems Ltd.
  • Stormgeo
  • The Weather Company
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
Adroll
adroll