The global weather forecasting systems market size is expected to reach USD 3.61 Billion at a CAGR of 5.4% during the forecast period, according to latest analysis by Emergen Research. Growing need for more accurate and reliable information related to climate patterns and constant monitoring are some key factors driving market revenue growth at a rapid rate. Sudden and unexpected climatic changes cause major damage to life and property, and safety and security concerns have been rising as a result.
Weather Forecasting Systems market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Weather Forecasting Systems market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.
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Some Key Highlights From the Report
North America accounted for largest revenue share contribution to the global market in 2020, which is expected to increase substantially during the forecast period. This can be largely attributed toincreased demand for highly accurate weather forecasting systems from the aviation and commercial sectors. The region is considered to be the largest developer, operator, and exporter of weather forecasting systems, globally. The US and Canadian governments are investing substantially for enhancement of capabilities of their respective weather forecasting agencies.
The weather forecasting systems market is segmented into weather satellites, weather observing systems, weather stations, weather drones, and weather balloons. The weather stations segment accounted for largest revenue share in 2020. This growth can be attributed to rising number of installations of personal weather stations, professional weather stations, and home weather stations among others in countries across the globe.
Major companies operating in the market are The Weather Company, Sutron Corporation, Campbell Scientific, Airmar Technology Corporation, All Weather, Inc., Morcom International, Columbia Weather Systems, G. Lufft Mess-und Regeltechnik, Vaisala, and Skye Instruments.
The report offers a comprehensive analysis of the competitive landscape of the market through extensive profiling of the key competitors. The section on the competitive analysis covers product portfolio, company overview, production and manufacturing capacity, financial standing, revenue and gross profit margins, and market position. It also sheds light on the mergers and acquisitions, joint ventures, collaborations, and partnerships occurring in the market.
For this report, Emergen Research has segmented the global weather forecasting systems market based on solution, forecast type, application, and region.
- Solution Outlook (Revenue, USD Billion; 2018–2028)
- Forecast Type Outlook (Revenue, USD Billion; 2018–2028)
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Weather Satellites
- Weather Observing Systems
- Weather Stations
- Weather Drones
- Weather Balloons
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Comprehensive Regional Analysis Covers the Following Regions:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Coverage of the Weather Forecasting Systems Market:
- Insightful information regarding the global Weather Forecasting Systems market
- Identification of growth in various segments and sub-segments of the Weather Forecasting Systems market
- Strategic recommendations for investment opportunities
- The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
- Emerging trends and current market segment analysis to help investors formulate new business strategies
- Accelerates the decision-making process through the availability of the drivers and limitations
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