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Global Weather Forecasting System & Solutions Market to reach USD 5.37 billion by the end of 2030.

Global Weather Forecasting System & Solutions Market Size study & Forecast, by System (Hardware, Software), by Forecast Range (Short-range Forecast, Medium-range Forecast, Long-range Forecast), by End Use (Agriculture, Industrial, Transportation, Power & Energy, Government & Defence, Meteorology & Weather Service Provider, Others) and Regional Analysis, 2023-2030

Product Code: ICTICTI-73038096
Publish Date: 10-01-2024
Page: 200

Global Weather Forecasting System & Solutions Market is valued at approximately USD 3.22 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.6% over the forecast period 2023-2030. A Weather Forecasting System comprises a sophisticated array of tools and technologies designed to predict and communicate atmospheric conditions. Leveraging data from diverse sources such as satellites, weather stations, and radar systems, these systems utilize numerical weather prediction models and advanced algorithms to generate accurate forecasts. The Weather Forecasting System & Solutions Market is expanding because of factors such as rising sea and air traffic, increasing stringency of norms about environmental protection, and changing weather patterns resulting in unpredictability of rainfall.

The burgeoning growth in air travel is a significant driver for the expansion of the Weather Forecasting System & Solutions Market. As air traffic continues to rise globally, airlines and aviation authorities are increasingly relying on advanced weather forecast systems to ensure the safety and efficiency of flights. Unpredictable weather conditions pose a substantial challenge for aviation operations, affecting everything from takeoff and landing to routing decisions during flight. Weather forecasting solutions play a pivotal role in providing real-time, accurate meteorological information, enabling airlines to plan and adjust routes, schedules, and operations accordingly. The 2022 report from the International Air Transport Association (IATA) anticipates a global increase in air traveler numbers, projecting a total of 4.0 billion passengers by 2024. According to the same source, the total number of travelers in 2021 demonstrated a substantial growth of 47% compared to 2019 and an impressive 83% increase in 2022. The trajectory is expected to continue, reaching a forecasted 94% by 2023, 103% by 2024, and culminating in a projected 111% growth by the year 2025. Thus, rising air traffic is driving the market growth. In addition, the integration of Advanced technologies in weather forecast services and the rising agriculture industry is creating new opportunities for the market. However, the high cost of Weather Forecasting System & Solutions stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Weather Forecasting System & Solutions Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022. The robust growth of the regional market is being fueled by stringent regulatory standards, a surge in sea and air transportation activities, and the reliance on rainfall for water supply. Moreover, the escalating demand for effective disaster management strategies in the face of diverse natural calamities is anticipated to drive increased adoption of weather forecast systems and solutions in the region. North America is expected to grow at the fastest rate during the forecast period, owing to factors such as the presence of key market players, rising technological advancement, and rising technological advancement.

Major market player included in this report are:
AIRMAR Technology Corporation
All Weather, Inc.
Campbell Scientific, Inc.
Columbia Weather Systems, Inc.
Gill Instruments Limited
Lockheed Martin Corporation
Morcom International Inc.
Munro Instruments Limited
Skye Instruments Limited
Vaisala

Recent Developments in the Market:
Ø In January 2023, Fujitsu introduced its latest innovation, a state-of-the-art supercomputer solution tailored for the Central Weather Bureau (CWB) in Taiwan. This advanced system is meticulously designed to elevate the precision of numerical weather predictions, showcasing Fujitsu’s commitment to pushing the boundaries of meteorological technology.
Ø In April 2023, AccuWeather revealed the WeatherShow Enhancer, a software and hardware display system based on the well-received StoryTeller+ Touchscreen System. This new addition offers users a unique and enhanced visual experience, featuring improvements in special effects. The Enhancer not only amplifies the capabilities of existing weather systems and also streamlines storytelling efforts. Additionally, it promises to contribute to cost reduction in weather show production.

Global Weather Forecasting System & Solutions Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – System, Forecast Range, End Use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By System:
Hardware
Software

By Forecast Range:
Short-range Forecast
Medium-range Forecast
Long-range Forecast

By End Use:
Agriculture
Industrial
Transportation
Power & Energy
Government & Defence
Meteorology & Weather Service Provider
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Weather Forecasting System & Solutions Market, by Region, 2020-2030 (USD Billion)
1.2.2. Weather Forecasting System & Solutions Market, by System, 2020-2030 (USD Billion)
1.2.3. Weather Forecasting System & Solutions Market, by Forecast Range, 2020-2030 (USD Billion)
1.2.4. Weather Forecasting System & Solutions Market, by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Weather Forecasting System & Solutions Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Weather Forecasting System & Solutions Market Dynamics
3.1. Weather Forecasting System & Solutions Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising sea and air traffic
3.1.1.2. Increasing stringency of norms about environmental protection
3.1.1.3. Changing weather patterns resulting in unpredictability of rainfall
3.1.2. Market Challenges
3.1.2.1. High Cost of Weather Forecasting System & Solutions
3.1.3. Market Opportunities
3.1.3.1. Integration of Advanced technologies in weather forecasting services
3.1.3.2. Rising demand from agriculture industry
Chapter 4. Global Weather Forecasting System & Solutions Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Weather Forecasting System & Solutions Market, by System
5.1. Market Snapshot
5.2. Global Weather Forecasting System & Solutions Market by System, Performance – Potential Analysis
5.3. Global Weather Forecasting System & Solutions Market Estimates & Forecasts by System 2020-2030 (USD Billion)
5.4. Weather Forecasting System & Solutions Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software
Chapter 6. Global Weather Forecasting System & Solutions Market, by Forecast Range
6.1. Market Snapshot
6.2. Global Weather Forecasting System & Solutions Market by Forecast Range, Performance – Potential Analysis
6.3. Global Weather Forecasting System & Solutions Market Estimates & Forecasts by Forecast Range 2020-2030 (USD Billion)
6.4. Weather Forecasting System & Solutions Market, Sub Segment Analysis
6.4.1. Short-range Forecast
6.4.2. Medium-range Forecast
6.4.3. Long-range Forecast
Chapter 7. Global Weather Forecasting System & Solutions Market, by End Use
7.1. Market Snapshot
7.2. Global Weather Forecasting System & Solutions Market by End Use, Performance – Potential Analysis
7.3. Global Weather Forecasting System & Solutions Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
7.4. Weather Forecasting System & Solutions Market, Sub Segment Analysis
7.4.1. Agriculture
7.4.2. Industrial
7.4.3. Transportation
7.4.4. Power & Energy
7.4.5. Government & Defence
7.4.6. Meteorology & Weather Service Provider
7.4.7. Others
Chapter 8. Global Weather Forecasting System & Solutions Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Weather Forecasting System & Solutions Market, Regional Market Snapshot
8.4. North America Weather Forecasting System & Solutions Market
8.4.1. U.S. Weather Forecasting System & Solutions Market
8.4.1.1. System breakdown estimates & forecasts, 2020-2030
8.4.1.2. Forecast Range breakdown estimates & forecasts, 2020-2030
8.4.1.3. End Use breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Weather Forecasting System & Solutions Market
8.5. Europe Weather Forecasting System & Solutions Market Snapshot
8.5.1. U.K. Weather Forecasting System & Solutions Market
8.5.2. Germany Weather Forecasting System & Solutions Market
8.5.3. France Weather Forecasting System & Solutions Market
8.5.4. Spain Weather Forecasting System & Solutions Market
8.5.5. Italy Weather Forecasting System & Solutions Market
8.5.6. Rest of Europe Weather Forecasting System & Solutions Market
8.6. Asia-Pacific Weather Forecasting System & Solutions Market Snapshot
8.6.1. China Weather Forecasting System & Solutions Market
8.6.2. India Weather Forecasting System & Solutions Market
8.6.3. Japan Weather Forecasting System & Solutions Market
8.6.4. Australia Weather Forecasting System & Solutions Market
8.6.5. South Korea Weather Forecasting System & Solutions Market
8.6.6. Rest of Asia Pacific Weather Forecasting System & Solutions Market
8.7. Latin America Weather Forecasting System & Solutions Market Snapshot
8.7.1. Brazil Weather Forecasting System & Solutions Market
8.7.2. Mexico Weather Forecasting System & Solutions Market
8.8. Middle East & Africa Weather Forecasting System & Solutions Market
8.8.1. Saudi Arabia Weather Forecasting System & Solutions Market
8.8.2. South Africa Weather Forecasting System & Solutions Market
8.8.3. Rest of Middle East & Africa Weather Forecasting System & Solutions Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. AIRMAR Technology Corporation
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. All Weather, Inc.
9.3.3. Campbell Scientific, Inc.
9.3.4. Columbia Weather Systems, Inc.
9.3.5. Gill Instruments Limited
9.3.6. Lockheed Martin Corporation
9.3.7. Morcom International Inc
9.3.8. Munro Instruments Limited
9.3.9. Skye Instruments Limited
9.3.10. Vaisala
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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