Weather Forecasting Systems & Solutions Market Size, Share & Industry Analysis, By Vertical (Aviation, Agriculture, Renewable), By Solution (Hardware, Software), By Application (Weather Satellites, Weather Observing Systems, Weather Stations, Weather Drones)And Regional Forecast, 2024-2032

The global Weather Forecasting Systems and Solutions Market is seeing remarkable growth, with a significant CAGR forecasted throughout the period up to 2032. Weather Forecasting Systems & Solutions are technologically advanced systems that gather and consolidate hydrological, meteorological, and radar data to analyze the weather conditions. This enables highly accurate weather analysis for reliable weather forecasting by the respective agencies. Weather Forecasting Systems & Solutions are majorly used in the agriculture, aviation, transportation & logistics, marine, and renewable energy sector.

The factors are projected to drive the market are the rise in climate change patterns across the world which resulting in uncertainties related to rainfall. Moreover, the growing need for continuous weather monitoring to enable disaster management are anticipated to boost the market. The  increasing adoption of big data analytics in weather forecasting is an upcoming opportunity for the market. However, the lack of effective automation and false weather alarms are majorly affecting the market growth.

Key Market Driver -

• Rise in Climate Change Patterns across the World Resulting in Uncertainties Related to Rainfall • Increased Need for Continuous Weather Monitoring to Enable Disaster Management

Key Market Restraint -

• Dynamic Nature of Atmospheric Variables

Market Segmentation:

By vertical, the market is segmented into aviation, agriculture, and renewable. Based on the solution, the market is segmented into hardware and software. Based on the application, the market is categorized into weather satellites, weather observing systems, weather stations, weather drones, weather balloons, airborne LiDAR, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players Covered:

• Accuweather, Inc.(The U.S.)


• All Weather, Inc (The U.S.)


• Airmar Technology Corporation (The U.S.)


• Campbell Scientific, Inc. (The U.S.)


• DTN (The U.S.)


• Davis Instruments (The U.S.)


• Ensco (The U.S.)


• G. Lufft Mess- Und Regeltechnik GmbH (Germany)


• Hoskin Scientific (Canada), Met One Instruments Inc. (The U.S.)


• Raytheon Technologies Corporation (The U.S.)


• Sutron Corporation (The U.S.)


• Others

Key Insights

• Increased Need for Continuous Weather Monitoring to Enable Disaster Management


• Enhancing Accuracy of Long-Range Weather Forecasting

Regional Analysis:

The Weather Forecasting Systems & Solutions  market is analyzed across four major regions North America, Europe, Asia Pacific, and Rest of the World. At present, North America is expected to steer the market during the forecast period. This growth is attributed to the presence of key players, which include Accuweather, Inc, All Weather, Inc, Airmar Technology Corporation, Campbell Scientific, Inc., DTN, Davis Instruments, and among others.

The Asia Pacific is estimated to capture a significant market share of the market during the forecast period. This market growth is attributed to marine weather forecasting driven by the need to analyze weather conditions to safeguard crews of marine vessels from China and India. In May 2020, BKC WeatherSys Pvt. Ltd. And Adani Power had signed a contract for the solar weather monitoring system. BKC WeatherSys Pvt. Ltd. Is procuring the solar weather monitoring system for the Adani Power.

Europe also exhibits significant growth in the market. This growth is attributed to the need for weather forecasts for longer periods from weather-sensitive industries of the U.K and Germany. The Rest of the World registers significant growth during the forecast period. This growth is attributed to the growing demand for weather forecasting systems & solutions  in South America, and Middle East & Africa.

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Segmentation

Weather Forecasting Systems & Solutions Industry Developments

• In February 2020, General Dynamics Information Technology (GDIT), National Oceanic and Atmospheric Administration’s (NOAA) and National Weather Service (NWS) had signed a contract to  provide supercomputing resources as-a-service through NOAA’s Weather and Climate Operational Supercomputing System. The systems was designed and managed by GDIT and majorly used to perform intense modeling of weather and climate patterns.


• In January 2020, Atos had signed a new four-year contract with the European Centre for Medium-Range Weather Forecasts (ECMWF) to supply its BullSequana XH2000 supercomputer for weather forecasting and prediction analysis.  The supercomputer is used to predict the occurrence and intensity of extreme weather conditions.