The global weather forecasting systems and solutions market size is expected to reach USD 5.31 billion by 2030, expanding at a CAGR of 6.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. Spiraling demand for disaster management and weather monitoring systems and growing concerns regarding rainfall uncertainties are providing a fillip to the market.
Besides this, soaring need for accurate numerical weather prediction models and growing sea & air transportations are leading to the implementation of advanced weather forecasting systems across different industries. Improvements in the economic conditions of the Asia Pacific region and increasing concerns regarding safety and security are anticipated to propel the market.
Weather forecasting systems help enterprises in improving trading decisions and enhancing their distribution, warehousing, and transportation processes. Industries such as food technologies, agriculture, transportation, life science, renewable energy, and construction use these systems for improving decision making and reducing uncertainties caused due to changes in weather, such as floods, drought, or tornados. These factors are poised to stimulate the growth of the market.
Urban air pollution causes threat to human health, due to which organizations are increasingly adopting weather forecasting systems to protect the environment. The system helps in measuring weather conditions and monitoring air to estimate the air quality. However, issues such as complexities in weather forecasting processes and models are estimated to hamper the industry growth.
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The medium-range forecast segment is projected to exhibit the highest CAGR of during the forecast period, owing to increasing competitive rivalry and growing adoption of advanced technologies, which offer enhanced machine learning techniques and improved data analytics
North America was at the forefront of the market in 2022, owing to early adoption of the technology and strong presence of leading market players.
Prominent players operating in the weather forecasting system market include Airmar Technology Corp.; All Weather, Inc. (AWI); Campbell Scientific, Inc.; Columbia Weather Systems Inc.; Gill Instruments Limited; Lockheed Martin Corporation; MORCOM International; Munro Instruments Limited; Skye Instruments Limited; and Vaisala.
Grand View Research has segmented the global weather forecasting systems and solutions market based on system, forecast range, end-use, and region:
Weather Forecasting Systems & Solutions System Outlook (Revenue in USD Million, 2017 - 2030)
Weather Forecasting Systems & Solutions Forecast Range Outlook (Revenue in USD Million, 2017 - 2030)
Weather Forecasting Systems & Solutions End-use Outlook (Revenue in USD Million, 2017 - 2030)
Power & Energy
Government & Defence
Meteorology & Weather Service Provider
Weather Forecasting Systems & Solutions Regional Outlook (Revenue in USD Million, 2017 - 2030)
Middle East & Africa
List of Key Players in Weather Forecasting Systems & Solutions Market
AIRMAR Technology Corporation
All Weather, Inc.
Campbell Scientific, Inc.
Columbia Weather Systems, Inc.
Gill Instruments Limited
Lockheed Martin Corporation
Munro Instruments Limited
Skye Instruments Limited
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