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Weather Forecasting Services Market by Forecasting Type and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 250 Pages
  • February 2022
  • Region: Global
  • Allied Market Research
  • ID: 5578338
Description Jump to:
Weather forecasting services use software, tools, and models to undertake strategic analysis of atmospheric data, to anticipate weather conditions for a specific place within a given time frame. The forecasting technique is based on meteorological functions. Weather forecasting models employ a large amount of organized and unstructured data to produce better analytical output, which allows for the optimization of company profits in various end-use sectors.

Growth associated with the aviation & shipping industry and rise in safety concerns among end-use industries drive the growth of the market. In addition, increase in the production of renewable energy fuels the growth of the market. However, complexities associated with weather forecasting models and lack of skilled workforce is expected to impede the market growth. Furthermore, technological advancements in computing systems and growth of the transportation industry among developing regions is expected to provide lucrative opportunities for the market growth.

The weather forecasting services market is segmented based on forecasting type, end-use industry, and region. On the basis of forecasting type, the market is segmented into short-range forecasting, medium-range forecasting, and long-range forecasting. On the basis of end-use industry, it is classified into transportation, aviation, energy & utilities, banking financial services & insurance (BFSI), agriculture, media, manufacturing, retail, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the weather forecasting services market analysis include AccuWeather, Inc., BMT Group, ENAV, Fugro, Global Weather Corporation, Met Office, Precision Weather Services, Skymet Weather Services Pvt., Ltd., Skyview Systems Ltd., and The Weather Company. These players have adopted various strategies to increase market penetration and strengthen their position in the industry.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the global weather forecasting services market forecast along with the current trends and future estimations to explain the imminent investment pockets
  • Information about key drivers, restraints, & opportunities and their impact analysis on the global market is provided in the report
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry
  • The quantitative analysis of the market from 2021 to 2030 is provided to determine the market potential

Key Market Segments


By Forecasting Type

  • Short-range Forecasting
  • Medium-range Forecasting
  • Long-range Forecasting

By End-use Industry

  • Transportation
  • Aviation
  • Energy & Utilities
  • Banking Financial Services & Insurance (BFSI)
  • Agriculture
  • Media
  • Manufacturing
  • Retail
  • Others

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • UK
  • France
  • Germany
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

KEY MARKET PLAYERS

  • Global Weather Corporation
  • Accuweather Inc
  • BMT Group
  • Skymet Weather Services Pvt, Ltd
  • Precision Weather
  • The Weather Company
  • Fugro
  • Enav SpA
  • Met Office
  • Skyview Systems Ltd

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Cxo Perspective
Chapter 3: Market Landscape
3.1. Market Definition and Scope
3.2. Key Findings
]3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power Among Buyers
3.4. Market Share Analysis/Top Player Positioning
3.4.1. Market Share Analysis/Top Player Positioning 2020
3.5. Market Dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. Covid-19 Impact Analysis
3.7. Patent Landscape
3.8. Competitive Heatmap
3.9. Regulatory Guidelines
Chapter 4: Weather Forecasting Services Market, by Forecasting Type
4.1. Market Overview
4.1.1Market Size and Forecast, by Forecasting Type
4.2. Long Range Forecasting
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Share Analysis, by Country
4.3. Medium Range Forecasting
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Share Analysis, by Country
4.4. Short Range Forecasting
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Share Analysis, by Country
Chapter 5: Weather Forecasting Services Market, by End Use Industry
5.1. Market Overview
5.1.1Market Size and Forecast, by End Use Industry
5.2. Energy and Utilities
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Share Analysis, by Country
5.3. Aviation
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Share Analysis, by Country
5.4. Transportation
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Share Analysis, by Country
5.5. Bfsi
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market Share Analysis, by Country
5.6. Agriculture
5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast, by Region
5.6.3. Market Share Analysis, by Country
5.7. Media
5.7.1. Key Market Trends, Growth Factors and Opportunities
5.7.2. Market Size and Forecast, by Region
5.7.3. Market Share Analysis, by Country
5.8. Manufacturing
5.8.1. Key Market Trends, Growth Factors and Opportunities
5.8.2. Market Size and Forecast, by Region
5.8.3. Market Share Analysis, by Country
5.9. Retail
5.9.1. Key Market Trends, Growth Factors and Opportunities
5.9.2. Market Size and Forecast, by Region
5.9.3. Market Share Analysis, by Country
5.10. Others
5.10.1. Key Market Trends, Growth Factors and Opportunities
5.10.2. Market Size and Forecast, by Region
5.10.3. Market Share Analysis, by Country
Chapter 6: Weather Forecasting Services Market, by Region
6.1. Market Overview
6.1.1Market Size and Forecast, by Region
6.2. North America
6.2.1. Key Market Trends and Opportunities
6.2.2. Market Size and Forecast, by Forecasting Type
6.2.3. Market Size and Forecast, by End Use Industry
6.2.4. Market Size and Forecast, by Country
6.2.5. United States Weather Forecasting Services Market
6.2.5.1. Market Size and Forecast, by Forecasting Type
6.2.5.2. Market Size and Forecast, by End Use Industry
6.2.6. Canada Weather Forecasting Services Market
6.2.6.1. Market Size and Forecast, by Forecasting Type
6.2.6.2. Market Size and Forecast, by End Use Industry
6.3. Europe
6.3.1. Key Market Trends and Opportunities
6.3.2. Market Size and Forecast, by Forecasting Type
6.3.3. Market Size and Forecast, by End Use Industry
6.3.4. Market Size and Forecast, by Country
6.3.5. France Weather Forecasting Services Market
6.3.5.1. Market Size and Forecast, by Forecasting Type
6.3.5.2. Market Size and Forecast, by End Use Industry
6.3.6. Germany Weather Forecasting Services Market
6.3.6.1. Market Size and Forecast, by Forecasting Type
6.3.6.2. Market Size and Forecast, by End Use Industry
6.3.7. Italy Weather Forecasting Services Market
6.3.7.1. Market Size and Forecast, by Forecasting Type
6.3.7.2. Market Size and Forecast, by End Use Industry
6.3.8. Spain Weather Forecasting Services Market
6.3.8.1. Market Size and Forecast, by Forecasting Type
6.3.8.2. Market Size and Forecast, by End Use Industry
6.3.9. U. K Weather Forecasting Services Market
6.3.9.1. Market Size and Forecast, by Forecasting Type
6.3.9.2. Market Size and Forecast, by End Use Industry
6.3.10. Rest of Europe Weather Forecasting Services Market
6.3.10.1. Market Size and Forecast, by Forecasting Type
6.3.10.2. Market Size and Forecast, by End Use Industry
6.4. Asia-Pacific
6.4.1. Key Market Trends and Opportunities
6.4.2. Market Size and Forecast, by Forecasting Type
6.4.3. Market Size and Forecast, by End Use Industry
6.4.4. Market Size and Forecast, by Country
6.4.5. China Weather Forecasting Services Market
6.4.5.1. Market Size and Forecast, by Forecasting Type
6.4.5.2. Market Size and Forecast, by End Use Industry
6.4.6. Japan Weather Forecasting Services Market
6.4.6.1. Market Size and Forecast, by Forecasting Type
6.4.6.2. Market Size and Forecast, by End Use Industry
6.4.7. India Weather Forecasting Services Market
6.4.7.1. Market Size and Forecast, by Forecasting Type
6.4.7.2. Market Size and Forecast, by End Use Industry
6.4.8. South Korea Weather Forecasting Services Market
6.4.8.1. Market Size and Forecast, by Forecasting Type
6.4.8.2. Market Size and Forecast, by End Use Industry
6.4.9. Australia Weather Forecasting Services Market
6.4.9.1. Market Size and Forecast, by Forecasting Type
6.4.9.2. Market Size and Forecast, by End Use Industry
6.4.10. Rest of Asia-Pacific Weather Forecasting Services Market
6.4.10.1. Market Size and Forecast, by Forecasting Type
6.4.10.2. Market Size and Forecast, by End Use Industry
6.5. Lamea
6.5.1. Key Market Trends and Opportunities
6.5.2. Market Size and Forecast, by Forecasting Type
6.5.3. Market Size and Forecast, by End Use Industry
6.5.4. Market Size and Forecast, by Country
6.5.5. Latin America Weather Forecasting Services Market
6.5.5.1. Market Size and Forecast, by Forecasting Type
6.5.5.2. Market Size and Forecast, by End Use Industry
6.5.6. Middle East Weather Forecasting Services Market
6.5.6.1. Market Size and Forecast, by Forecasting Type
6.5.6.2. Market Size and Forecast, by End Use Industry
6.5.7. Africa Weather Forecasting Services Market
6.5.7.1. Market Size and Forecast, by Forecasting Type
6.5.7.2. Market Size and Forecast, by End Use Industry
Chapter 7: Company Profiles
7.1. Accuweather, Inc.
7.1.1. Company Overview
7.1.2. Key Executives
7.1.3. Company Snapshot
7.1.4. Operating Business Segments
7.1.5. Product Portfolio
7.1.6. Business Performance
7.1.7. Key Strategic Moves and Developments
7.2. Bmt Group
7.2.1. Company Overview
7.2.2. Key Executives
7.2.3. Company Snapshot
7.2.4. Operating Business Segments
7.2.5. Product Portfolio
7.2.6. Business Performance
7.2.7. Key Strategic Moves and Developments
7.3. Enav S. P. A.
7.3.1. Company Overview
7.3.2. Key Executives
7.3.3. Company Snapshot
7.3.4. Operating Business Segments
7.3.5. Product Portfolio
7.3.6. Business Performance
7.3.7. Key Strategic Moves and Developments
7.4. Fugro
7.4.1. Company Overview
7.4.2. Key Executives
7.4.3. Company Snapshot
7.4.4. Operating Business Segments
7.4.5. Product Portfolio
7.4.6. Business Performance
7.4.7. Key Strategic Moves and Developments
7.5. Global Weather Corporation
7.5.1. Company Overview
7.5.2. Key Executives
7.5.3. Company Snapshot
7.5.4. Operating Business Segments
7.5.5. Product Portfolio
7.5.6. Business Performance
7.5.7. Key Strategic Moves and Developments
7.6. Met Office
7.6.1. Company Overview
7.6.2. Key Executives
7.6.3. Company Snapshot
7.6.4. Operating Business Segments
7.6.5. Product Portfolio
7.6.6. Business Performance
7.6.7. Key Strategic Moves and Developments
7.7. Precision Weather Services
7.7.1. Company Overview
7.7.2. Key Executives
7.7.3. Company Snapshot
7.7.4. Operating Business Segments
7.7.5. Product Portfolio
7.7.6. Business Performance
7.7.7. Key Strategic Moves and Developments
7.8. Skymet Weather Services Pvt. Ltd.
7.8.1. Company Overview
7.8.2. Key Executives
7.8.3. Company Snapshot
7.8.4. Operating Business Segments
7.8.5. Product Portfolio
7.8.6. Business Performance
7.8.7. Key Strategic Moves and Developments
7.9. Skyview Systems Ltd.
7.9.1. Company Overview
7.9.2. Key Executives
7.9.3. Company Snapshot
7.9.4. Operating Business Segments
7.9.5. Product Portfolio
7.9.6. Business Performance
7.9.7. Key Strategic Moves and Developments
7.10. The Weather Company
7.10.1. Company Overview
7.10.2. Key Executives
7.10.3. Company Snapshot
7.10.4. Operating Business Segments
7.10.5. Product Portfolio
7.10.6. Business Performance
7.10.7. Key Strategic Moves and Developments
List of Tables
Table 1. Global Weather Forecasting Services Market, by Forecasting Type, 2020-2030 ($Million)
Table 2. Global Weather Forecasting Services Market for Long Range Forecasting, by Region, 2020-2030 ($Million)
Table 3. Global Weather Forecasting Services Market for Medium Range Forecasting, by Region, 2020-2030 ($Million)
Table 4. Global Weather Forecasting Services Market for Short Range Forecasting, by Region, 2020-2030 ($Million)
Table 5. Global Weather Forecasting Services Market, by End Use Industry, 2020-2030 ($Million)
Table 6. Global Weather Forecasting Services Market for Energy and Utilities, by Region, 2020-2030 ($Million)
Table 7. Global Weather Forecasting Services Market for Aviation, by Region, 2020-2030 ($Million)
Table 8. Global Weather Forecasting Services Market for Transportation, by Region, 2020-2030 ($Million)
Table 9. Global Weather Forecasting Services Market for Bfsi, by Region, 2020-2030 ($Million)
Table 10. Global Weather Forecasting Services Market for Agriculture, by Region, 2020-2030 ($Million)
Table 11. Global Weather Forecasting Services Market for Media, by Region, 2020-2030 ($Million)
Table 12. Global Weather Forecasting Services Market for Manufacturing, by Region, 2020-2030 ($Million)
Table 13. Global Weather Forecasting Services Market for Retail, by Region, 2020-2030 ($Million)
Table 14. Global Weather Forecasting Services Market for Others, by Region, 2020-2030 ($Million)
Table 15. Global Weather Forecasting Services Market, by Region, 2020-2030 ($Million)
Table 16. North America Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 17. North America Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 18. United States Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 19. United States Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 20. Canada Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 21. Canada Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 22. Europe Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 23. Europe Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 24. France Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 25. France Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 26. Germany Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 27. Germany Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 28. Italy Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 29. Italy Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 30. Spain Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 31. Spain Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 32. United Kingdom Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 33. United Kingdom Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 34. Rest of Europe Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 35. Rest of Europe Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 36. Asia-Pacific Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 37. Asia-Pacific Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 38. China Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 39. China Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 40. Japan Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 41. Japan Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 42. India Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 43. India Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 44. South Korea Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 45. South Korea Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 46. Australia Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 47. Australia Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 48. Rest of Asia-Pacific Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 49. Rest of Asia-Pacific Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 50. Lamea Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 51. Lamea Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 52. Latin America Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 53. Latin America Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 54. Middle East Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 55. Middle East Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 56. Africa Weather Forecasting Services, by Forecasting Type, 2020-2030 ($Million)
Table 57. Africa Weather Forecasting Services, by End Use Industry, 2020-2030 ($Million)
Table 58. Accuweather, Inc. : Key Executives
Table 59. Accuweather, Inc. : Company Snapshot
Table 60. Accuweather, Inc. : Operating Segments
Table 61. Accuweather, Inc. : Product Portfolio
Table 62. Accuweather, Inc. : Key Strategic Moves and Developments
Table 63. Bmt Group: Key Executives
Table 64. Bmt Group: Company Snapshot
Table 65. Bmt Group: Operating Segments
Table 66. Bmt Group: Product Portfolio
Table 67. Bmt Group: Key Strategic Moves and Developments
Table 68. Enav S. P. A. : Key Executives
Table 69. Enav S. P. A. : Company Snapshot
Table 70. Enav S. P. A. : Operating Segments
Table 71. Enav S. P. A. : Product Portfolio
Table 72. Enav S. P. A. : Key Strategic Moves and Developments
Table 73. Fugro: Key Executives
Table 74. Fugro: Company Snapshot
Table 75. Fugro: Operating Segments
Table 76. Fugro: Product Portfolio
Table 77. Fugro: Key Strategic Moves and Developments
Table 78. Global Weather Corporation: Key Executives
Table 79. Global Weather Corporation: Company Snapshot
Table 80. Global Weather Corporation: Operating Segments
Table 81. Global Weather Corporation: Product Portfolio
Table 82. Global Weather Corporation: Key Strategic Moves and Developments
Table 83. Met Office: Key Executives
Table 84. Met Office: Company Snapshot
Table 85. Met Office: Operating Segments
Table 86. Met Office: Product Portfolio
Table 87. Met Office: Key Strategic Moves and Developments
Table 88. Precision Weather Services: Key Executives
Table 89. Precision Weather Services: Company Snapshot
Table 90. Precision Weather Services: Operating Segments
Table 91. Precision Weather Services: Product Portfolio
Table 92. Precision Weather Services: Key Strategic Moves and Developments
Table 93. Skymet Weather Services Pvt. Ltd. : Key Executives
Table 94. Skymet Weather Services Pvt. Ltd. : Company Snapshot
Table 95. Skymet Weather Services Pvt. Ltd. : Operating Segments
Table 96. Skymet Weather Services Pvt. Ltd. : Product Portfolio
Table 97. Skymet Weather Services Pvt. Ltd. : Key Strategic Moves and Developments
Table 98. Skyview Systems Ltd. : Key Executives
Table 99. Skyview Systems Ltd. : Company Snapshot
Table 100. Skyview Systems Ltd. : Operating Segments
Table 101. Skyview Systems Ltd. : Product Portfolio
Table 102. Skyview Systems Ltd. : Key Strategic Moves and Developments
Table 103. The Weather Company: Key Executives
Table 104. The Weather Company: Company Snapshot
Table 105. The Weather Company: Operating Segments
Table 106. The Weather Company: Product Portfolio
Table 107. The Weather Company: Key Strategic Moves and Developments
List of Figures
Figure 1. Global Weather Forecasting Services Market Segmentation
Figure 2. Global Weather Forecasting Services Market
Figure 3. Segmentation Weather Forecasting Services Market
Figure 4. Top Investment Pocket in Weather Forecasting Services Market
Figure 5. Top Winning Strategies, 2019-2021*
Figure 6. Top Winning Strategies, by Development, 2019-2021(%)
Figure 7. Top Winning Strategies, by Company, 2019-2021*
Figure 8. Moderate Bargaining Power of Buyers
Figure 9. Moderate Bargaining Power of Suppliers
Figure 10. Moderate Threat of New Entrants
Figure 11. Low Threat of Substitution
Figure 12. High Competitive Rivalry
Figure 13. Top Player Positioning, 2020
Figure 14. Market Share Analysis, 2020
Figure 15. Restraints and Drivers: Weather Forecasting Services Market
Figure 16. Weather Forecasting Services Market Segmentation, by Forecasting Type
Figure 17. Weather Forecasting Services Market for Long Range Forecasting, by Country, 2020-2030 ($ Million)
Figure 18. Weather Forecasting Services Market for Medium Range Forecasting, by Country, 2020-2030 ($ Million)
Figure 19. Weather Forecasting Services Market for Short Range Forecasting, by Country, 2020-2030 ($ Million)
Figure 20. Weather Forecasting Services Market Segmentation, by End Use Industry
Figure 21. Weather Forecasting Services Market for Energy and Utilities, by Country, 2020-2030 ($ Million)
Figure 22. Weather Forecasting Services Market for Aviation, by Country, 2020-2030 ($ Million)
Figure 23. Weather Forecasting Services Market for Transportation, by Country, 2020-2030 ($ Million)
Figure 24. Weather Forecasting Services Market for Bfsi, by Country, 2020-2030 ($ Million)
Figure 25. Weather Forecasting Services Market for Agriculture, by Country, 2020-2030 ($ Million)
Figure 26. Weather Forecasting Services Market for Media, by Country, 2020-2030 ($ Million)
Figure 27. Weather Forecasting Services Market for Manufacturing, by Country, 2020-2030 ($ Million)
Figure 28. Weather Forecasting Services Market for Retail, by Country, 2020-2030 ($ Million)
Figure 29. Weather Forecasting Services Market for Others, by Country, 2020-2030 ($ Million)
Figure 30. Accuweather, Inc: Net Sales, 2018-2020 ($ Million)
Figure 31. Accuweather, Inc: Revenue Share, by Segment, 2020 (%)
Figure 32. Accuweather, Inc: Revenue Share, by Region, 2020 (%)
Figure 33. Bmt Group: Net Sales, 2018-2020 ($ Million)
Figure 34. Bmt Group: Revenue Share, by Segment, 2020 (%)
Figure 35. Bmt Group: Revenue Share, by Region, 2020 (%)
Figure 36. Enav S. P. A: Net Sales, 2018-2020 ($ Million)
Figure 37. Enav S. P. A: Revenue Share, by Segment, 2020 (%)
Figure 38. Enav S. P. A: Revenue Share, by Region, 2020 (%)
Figure 39. Fugro: Net Sales, 2018-2020 ($ Million)
Figure 40. Fugro: Revenue Share, by Segment, 2020 (%)
Figure 41. Fugro: Revenue Share, by Region, 2020 (%)
Figure 42. Global Weather Corporation: Net Sales, 2018-2020 ($ Million)
Figure 43. Global Weather Corporation: Revenue Share, by Segment, 2020 (%)
Figure 44. Global Weather Corporation: Revenue Share, by Region, 2020 (%)
Figure 45. Met Office: Net Sales, 2018-2020 ($ Million)
Figure 46. Met Office: Revenue Share, by Segment, 2020 (%)
Figure 47. Met Office: Revenue Share, by Region, 2020 (%)
Figure 48. Precision Weather Services: Net Sales, 2018-2020 ($ Million)
Figure 49. Precision Weather Services: Revenue Share, by Segment, 2020 (%)
Figure 50. Precision Weather Services: Revenue Share, by Region, 2020 (%)
Figure 51. Skymet Weather Services Pvt. Ltd: Net Sales, 2018-2020 ($ Million)
Figure 52. Skymet Weather Services Pvt. Ltd: Revenue Share, by Segment, 2020 (%)
Figure 53. Skymet Weather Services Pvt. Ltd: Revenue Share, by Region, 2020 (%)
Figure 54. Skyview Systems Ltd: Net Sales, 2018-2020 ($ Million)
Figure 55. Skyview Systems Ltd: Revenue Share, by Segment, 2020 (%)
Figure 56. Skyview Systems Ltd: Revenue Share, by Region, 2020 (%)
Figure 57. The Weather Company: Net Sales, 2018-2020 ($ Million)
Figure 58. The Weather Company: Revenue Share, by Segment, 2020 (%)
Figure 59. The Weather Company: Revenue Share, by Region, 2020 (%)

Executive Summary

According to a recent report titled, “Weather Forecasting Services Market by Forecasting Type and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global weather forecasting services market size was valued at $1.63 billion in 2020, and is projected to reach $4.19 billion by 2030, registering a CAGR of 10.3% from 2021 to 2030.

The need for weather forecasting services grows at a substantial rate due to technical improvements in product offerings, increase in desire to improve performance & operational efficiency, rise in demand for advanced data analysis models, and expansion in application areas among end users. In addition, the need to minimize maintenance costs, increase in air traffic, rise in the requirement to reduce economic turnbacks, and increase in awareness of forecasting solutions are projected to generate profitable prospects for the weather forecasting services industry. Furthermore, the key factor that drives the market size includes growth associated with the aviation & shipping industry, whereas the rise in safety concerns among end-use industries drives the growth of the market. In addition, increase in the production of renewable energy fuels the growth of the market. However, complexities associated with weather forecasting models and lack of skilled workforce are expected to impede the market growth. Furthermore, technological advancements in computing systems and growth of the transportation industry among developing regions are expected to provide lucrative opportunities for the market growth.

On the basis of forecasting type, the short-range forecasting segment dominated the weather forecasting services market size in 2020, and is expected to continue its dominance in the coming years, as it is used in various user-specific applications such as aviation, hydrology, disaster management, agriculture, and others. However, the medium-range forecasting segment is expected to witness growth at the highest rate owing to rapid industrialization and continuous growth in sea transport and air travel.

On the basis of region, the weather forecasting services industry was dominated by North America in 2020, owing to the growth in demand for real-time weather management, and increase in demand for performance optimization. However, Asia-Pacific is expected to witness growth at the highest rate owing to high population base and presence of catastrophe-prone regions in the countries such as China, India, Japan, and Australia.

Due to the COVID-19 pandemic, the weather forecasting services market is expected to decile as a result of numerous government, public, and other organizations adopting a work-from-home culture for their personnel. Moreover, a number of government agencies and non-governmental organizations (NGOs) are using weather forecasting services to reduce losses caused by natural disasters, pandemic situations, and to increase their market share. In this pandemic situation, weather forecasting services provide numerous benefits to various organizations, such as improving corporate governance standards and increasing workforce efficiency for providing services in emergency situations such as storms, floods, and other disasters in remote locations. However, as a result of the decline in travel by the majority of population, the demand for weather forecasting services has plummeted.

Key Findings Of The Study


  • By forecasting type, the short-range forecasting segment accounted for the largest weather forecasting services market share in 2020
  • By end use industry, energy & utilities generated highest revenue in the weather forecasting services market forecast
  • By region, the North America segment generated the highest revenue in 2020

Key players operating in the global weather forecasting services market analysis include AccuWeather, Inc., BMT Group, ENAV, Fugro, Global Weather Corporation, Met Office, Precision Weather Services, Skymet Weather Services Pvt., Ltd., Skyview Systems Ltd., and The Weather Company These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures, to strengthen their foothold in the global weather forecasting services market

Companies Mentioned

  • Global Weather Corporation
  • Accuweather Inc.
  • BMT Group
  • Skymet Weather Services Pvt., Ltd.
  • Precision Weather
  • The Weather Company
  • Fugro
  • Enav S.p.A
  • Met Office
  • Skyview Systems Ltd.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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