Global Weather Forecasting Systems & Solutions Market is valued USD 2.1 billion in 2016 is anticipated to grow USD 4 billion with the compounded annual growth of 7.50% over the forecast period 2018-2025.
New York 23 September 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Weather Forecasting Systems & Solutions Market industry is poised to raise USD 4 billion by 2025. 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.
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Global Weather Forecasting Systems & Solutions Market Size study, by Forecasting Range (Short Range, Medium Range, long Range), by Component (Solution, Systems), by End Use (Enterprise, Defence & Military, Meteorology & Weather Service Provider) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players Vaisala, Skye Instruments Limited, Munro Instruments Limited, MORCOM International, Lockheed Martin Corporation, Gills Instrument Limited, Columbia Weather Systems, Inc, Campbell Scientific, Inc, All Weather, Inc, Airmar Technology Corp.and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- North America was at the forefront of the market in 2016
- Asia Pacific is projected to emerge as the fastest growing regional market.
Bizwit Research & Consulting LLP has considered following segments for the study:
By Forecast Range:
- Short Range Forecast
- Medium Range Forecast
- Long Range Forecast
By End Use:
- Defence & Military
- Meteorology & Weather Service Provider
- North America
- Asia Pacific
- Latin America
- Rest of the World