Weather forecasting systems integrate technology and science to predict the atmospheric conditions for a specific time and location in the future. The development of weather forecasts involves collecting extensive information about current atmospheric conditions, including humidity, temperature, and wind. This information is then analyzed using meteorological knowledge to predict how the atmosphere will evolve.
Weather forecasting systems come in various types, including short-range, medium-range, and long-range. Short-range systems are employed for forecasting over a brief period, typically ranging from 1 day to seven days. Components of these systems encompass data loggers, software, sensors, and hardware. Various equipment is utilized in weather forecasting, such as barometers, anemometers, hygrometers, rain gauges, thermometers, sling psychrometers, and weather balloons. These forecasting systems cater to diverse end-users, including aviation, military, energy, agriculture, marine, and transportation.
The weather forecasting systems market research report is one of a series of new reports that provides weather forecasting systems market statistics, including global market size, regional shares, competitors with a weather forecasting systems market share, detailed weather forecasting systems market segments, market trends and opportunities, and any further data you may need to thrive in the weather forecasting systems industry. This weather forecasting systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The weather forecasting systems market size has grown steadily in recent years. It will grow from $2.52 billion in 2023 to $2.64 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth observed in the historical period can be attributed to the expansion of climate research and monitoring initiatives, increased focus on natural disaster preparedness, advancements in agriculture and crop management practices, improvements in air and sea transportation, and heightened awareness of the impact of climate change.
The weather forecasting systems market size is expected to see steady growth in the next few years. It will grow to $3.14 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The anticipated growth in the forecast period can be attributed to the integration of renewable energy, the rise in smart agriculture practices, the impact of extreme weather events, a growing emphasis on environmental conservation, and increased activity in space exploration and astronomy. Notable trends expected in this period encompass the development of high-resolution weather modeling, the integration of artificial intelligence and machine learning, advancements in weather data visualization, the incorporation of weather apps, and the utilization of space-based monitoring for weather.
The growth of the weather forecasting systems market is significantly fueled by the increasing adoption of renewable energy sources. The volatility in renewable energy generation, particularly from wind and solar power, due to its dependence on weather conditions, highlights the importance of reliable forecasting systems to enhance efficiency and prevent downtime. In December 2021, the International Energy Agency projected a substantial 60% increase in global renewable electricity capacity from 2020 to 2026, reaching 4,800 GW and surpassing the combined capacity of fossil fuels and nuclear power. With renewables accounting for 95% of global power capacity growth, particularly solar PV, the surge in renewable energy usage is poised to propel the weather forecasting systems market's growth.
The weather forecasting systems market is expected to experience growth due to the rising incidents of natural disasters. Catastrophic events resulting from natural processes, such as earthquakes, hurricanes, floods, and wildfires, necessitate advanced forecasting for early warnings, preparedness, and disaster management. The impact of climate change and the imperative to safeguard infrastructure contribute to the demand for accurate weather forecasts. In 2021, a total of 432 catastrophic events linked to natural hazards were documented, causing fatalities, affecting millions of individuals, and incurring substantial economic losses, emphasizing the critical role of weather forecasting systems in addressing these challenges.
A key trend gaining popularity in the weather forecasting systems market is the adoption of sophisticated weather monitoring systems. Major companies in this sector are focused on developing advanced monitoring systems to enhance their market position. For example, Vaisala introduced the AWS810 Automatic Weather Station, integrating various analogue and digital sensors with robust data security mechanisms. This system allows real-time synoptic observation, monitoring of weather-critical events, and continuous, traceable climatological data for various agency, government, and research purposes.
Major players in the weather forecasting systems market are also concentrating on developing innovative products for weather forecasting. Product innovations involve the implementation of new technologies, models, or methods to improve the accuracy and timeliness of weather predictions. An example is the U.S. Air Force's collaboration with the U.S. Department of Energy’s Oak Ridge National Laboratory to launch the Fawbush and Miller high-performance weather forecasting computer system featuring HPE Cray EX supercomputers. These advancements contribute to higher-resolution simulations and more precise weather forecasts, enhancing the accuracy of numerical weather predictions.
In January 2022, Vaisala Corporation acquired Whether or Knot, LLC (AerisWeather) for $26 million. This strategic move aligns with Vaisala's goal to generate growth in recurring income businesses, including data as a service and software as a service, in its weather and environment business area. Whether or Knot, LLC (AerisWeather) is a U.S.-based software company providing weather and environmental information.
Major companies operating in the weather forecasting systems market include The Weather Company, Sutron Corporation, Campbell Scientific Inc., Airmar Technology Corporation, All Weather Co., Morcom International, Columbia Weather Systems, G. Lufft Mess-und Regeltechnik, Vaisala Oyj, Skye Instruments Ltd., AccuWeather Inc., StormGeo AS, Lockheed Martin Corporation, Liquid Robotics Inc., Spire Global Inc., Earth Networks Inc., Skymet Weather Services, DTN Inc., Honeywell International Inc., International Business Machines Corporation, MeteoGroup, Raytheon Company, Tomorrow.io, OTT HydroMet Ltd., Athenium Analytics, WeatherOps, Fugro Inc., The Weather Network, Met Office, WeatherBug Org., Weatherzone Org., WeatherBell Analytics Org., Meteoblue AG, Meteo-France SA
North America was the largest region in the weather forecasting systems market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in global weather forecasting systems market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the weather forecasting systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The weather forecasting systems market consists of sales of doppler radar, satellite data capturing device, radiosondes, automated surface-observing. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Weather forecasting systems come in various types, including short-range, medium-range, and long-range. Short-range systems are employed for forecasting over a brief period, typically ranging from 1 day to seven days. Components of these systems encompass data loggers, software, sensors, and hardware. Various equipment is utilized in weather forecasting, such as barometers, anemometers, hygrometers, rain gauges, thermometers, sling psychrometers, and weather balloons. These forecasting systems cater to diverse end-users, including aviation, military, energy, agriculture, marine, and transportation.
The weather forecasting systems market research report is one of a series of new reports that provides weather forecasting systems market statistics, including global market size, regional shares, competitors with a weather forecasting systems market share, detailed weather forecasting systems market segments, market trends and opportunities, and any further data you may need to thrive in the weather forecasting systems industry. This weather forecasting systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The weather forecasting systems market size has grown steadily in recent years. It will grow from $2.52 billion in 2023 to $2.64 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth observed in the historical period can be attributed to the expansion of climate research and monitoring initiatives, increased focus on natural disaster preparedness, advancements in agriculture and crop management practices, improvements in air and sea transportation, and heightened awareness of the impact of climate change.
The weather forecasting systems market size is expected to see steady growth in the next few years. It will grow to $3.14 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The anticipated growth in the forecast period can be attributed to the integration of renewable energy, the rise in smart agriculture practices, the impact of extreme weather events, a growing emphasis on environmental conservation, and increased activity in space exploration and astronomy. Notable trends expected in this period encompass the development of high-resolution weather modeling, the integration of artificial intelligence and machine learning, advancements in weather data visualization, the incorporation of weather apps, and the utilization of space-based monitoring for weather.
The growth of the weather forecasting systems market is significantly fueled by the increasing adoption of renewable energy sources. The volatility in renewable energy generation, particularly from wind and solar power, due to its dependence on weather conditions, highlights the importance of reliable forecasting systems to enhance efficiency and prevent downtime. In December 2021, the International Energy Agency projected a substantial 60% increase in global renewable electricity capacity from 2020 to 2026, reaching 4,800 GW and surpassing the combined capacity of fossil fuels and nuclear power. With renewables accounting for 95% of global power capacity growth, particularly solar PV, the surge in renewable energy usage is poised to propel the weather forecasting systems market's growth.
The weather forecasting systems market is expected to experience growth due to the rising incidents of natural disasters. Catastrophic events resulting from natural processes, such as earthquakes, hurricanes, floods, and wildfires, necessitate advanced forecasting for early warnings, preparedness, and disaster management. The impact of climate change and the imperative to safeguard infrastructure contribute to the demand for accurate weather forecasts. In 2021, a total of 432 catastrophic events linked to natural hazards were documented, causing fatalities, affecting millions of individuals, and incurring substantial economic losses, emphasizing the critical role of weather forecasting systems in addressing these challenges.
A key trend gaining popularity in the weather forecasting systems market is the adoption of sophisticated weather monitoring systems. Major companies in this sector are focused on developing advanced monitoring systems to enhance their market position. For example, Vaisala introduced the AWS810 Automatic Weather Station, integrating various analogue and digital sensors with robust data security mechanisms. This system allows real-time synoptic observation, monitoring of weather-critical events, and continuous, traceable climatological data for various agency, government, and research purposes.
Major players in the weather forecasting systems market are also concentrating on developing innovative products for weather forecasting. Product innovations involve the implementation of new technologies, models, or methods to improve the accuracy and timeliness of weather predictions. An example is the U.S. Air Force's collaboration with the U.S. Department of Energy’s Oak Ridge National Laboratory to launch the Fawbush and Miller high-performance weather forecasting computer system featuring HPE Cray EX supercomputers. These advancements contribute to higher-resolution simulations and more precise weather forecasts, enhancing the accuracy of numerical weather predictions.
In January 2022, Vaisala Corporation acquired Whether or Knot, LLC (AerisWeather) for $26 million. This strategic move aligns with Vaisala's goal to generate growth in recurring income businesses, including data as a service and software as a service, in its weather and environment business area. Whether or Knot, LLC (AerisWeather) is a U.S.-based software company providing weather and environmental information.
Major companies operating in the weather forecasting systems market include The Weather Company, Sutron Corporation, Campbell Scientific Inc., Airmar Technology Corporation, All Weather Co., Morcom International, Columbia Weather Systems, G. Lufft Mess-und Regeltechnik, Vaisala Oyj, Skye Instruments Ltd., AccuWeather Inc., StormGeo AS, Lockheed Martin Corporation, Liquid Robotics Inc., Spire Global Inc., Earth Networks Inc., Skymet Weather Services, DTN Inc., Honeywell International Inc., International Business Machines Corporation, MeteoGroup, Raytheon Company, Tomorrow.io, OTT HydroMet Ltd., Athenium Analytics, WeatherOps, Fugro Inc., The Weather Network, Met Office, WeatherBug Org., Weatherzone Org., WeatherBell Analytics Org., Meteoblue AG, Meteo-France SA
North America was the largest region in the weather forecasting systems market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in global weather forecasting systems market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the weather forecasting systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The weather forecasting systems market consists of sales of doppler radar, satellite data capturing device, radiosondes, automated surface-observing. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Weather Forecasting Systems Market Characteristics3. Weather Forecasting Systems Market Trends And Strategies31. Global Weather Forecasting Systems Market Competitive Benchmarking32. Global Weather Forecasting Systems Market Competitive Dashboard33. Key Mergers And Acquisitions In The Weather Forecasting Systems Market
4. Weather Forecasting Systems Market - Macro Economic Scenario
5. Global Weather Forecasting Systems Market Size and Growth
6. Weather Forecasting Systems Market Segmentation
7. Weather Forecasting Systems Market Regional And Country Analysis
8. Asia-Pacific Weather Forecasting Systems Market
9. China Weather Forecasting Systems Market
10. India Weather Forecasting Systems Market
11. Japan Weather Forecasting Systems Market
12. Australia Weather Forecasting Systems Market
13. Indonesia Weather Forecasting Systems Market
14. South Korea Weather Forecasting Systems Market
15. Western Europe Weather Forecasting Systems Market
16. UK Weather Forecasting Systems Market
17. Germany Weather Forecasting Systems Market
18. France Weather Forecasting Systems Market
19. Italy Weather Forecasting Systems Market
20. Spain Weather Forecasting Systems Market
21. Eastern Europe Weather Forecasting Systems Market
22. Russia Weather Forecasting Systems Market
23. North America Weather Forecasting Systems Market
24. USA Weather Forecasting Systems Market
25. Canada Weather Forecasting Systems Market
26. South America Weather Forecasting Systems Market
27. Brazil Weather Forecasting Systems Market
28. Middle East Weather Forecasting Systems Market
29. Africa Weather Forecasting Systems Market
30. Weather Forecasting Systems Market Competitive Landscape And Company Profiles
34. Weather Forecasting Systems Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Weather Forecasting Systems Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on weather forecasting systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description:
Where is the largest and fastest growing market for weather forecasting systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
- Markets Covered: 1) By Type: Short-Range; Medium-Range; Long-Range 2) By Component: Data Loggers; Software; Sensors And Hardware 3) By Equipment: Barometer; Anemometer; Hygrometer; Rain Gauge; Thermometer; Sling Psychrometer; Weather Balloons 4) By End User: Aviation; Military; Energy; Agriculture; Marine; Transportation
- Companies Mentioned: The Weather Company; Sutron Corporation; Campbell Scientific Inc.; Airmar Technology Corporation; All Weather Co.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- The Weather Company
- Sutron Corporation
- Campbell Scientific Inc.
- Airmar Technology Corporation
- All Weather Co.
- Morcom International
- Columbia Weather Systems
- G. Lufft Mess-und Regeltechnik
- Vaisala Oyj
- Skye Instruments Ltd.
- AccuWeather Inc.
- StormGeo AS
- Lockheed Martin Corporation
- Liquid Robotics Inc.
- Spire Global Inc.
- Earth Networks Inc.
- Skymet Weather Services
- DTN Inc.
- Honeywell International Inc.
- International Business Machines Corporation
- MeteoGroup
- Raytheon Company
- Tomorrow.io
- OTT HydroMet Ltd.
- Athenium Analytics
- WeatherOps
- Fugro Inc.
- The Weather Network
- Met Office
- WeatherBug Org.
- Weatherzone Org.
- WeatherBell Analytics Org.
- Meteoblue AG
- Meteo-France SA
Methodology
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