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The global market size for weather forecasting services reached a value of more than USD 2.25 billion in 2023. The global weather forecasting services market is expected to grow at a CAGR of 9.80% between 2024 and 2032, reaching a value of USD billion 5.23 by 2032.
Weather forecasting services are the services that predict the weather conditions for the future, using various tools and methods. They provide weather-related information to the concerned organisations or people before the weather occurs, which in turn helps to prepare for any weather-related disaster. The first step for predicting weather is collecting accurate data with the help of space satellites or other instruments like barometers.
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Based on forecasting type, the global weather forecasting services market can be segmented into long range forecasting, medium range forecasting, and short range forecasting. On the basis of organisation size, it can be bifurcated into large enterprises and small and medium enterprises. By end use industry, the market is divided into agriculture, energy and utilities, transportation and logistics, defence and military, aviation, marine, construction and mining, media, and others. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global weather forecasting services market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
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The predictions made for weather conditions differ by the time period for which the forecast is relevant. Short range forecasting usually mean that the predictions are made for a day-to-day basis, with relevancy for 24-48 hours, and useful for scheduling of daily activities, particularly for general users. Medium range forecasting is given for approximately three to seven days. Long range forecasting indicates the weather forecast for the upcoming 1-2 months, and is useful for farmers, and other industries dependent on weather.
North America has the largest share in the global weather forecasting services market because of the companies in this region such as AccuWeather and DTN, which provide accurate and thorough weather forecasting services. Research and innovations are focussed on implementing machine learning in weather forecasting services to identify severe impacting weather conditions such as hurricanes, tornadoes, and others. The importance of accurate and long-range weather forecasting services are boosting the market growth.
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AccuWeather Inc. founded in 1962 has its headquarter in Pennsylvania in the United States. It is known in the industry for giving accurate weather forecasts of both local and international locations, along with graphics and other information.
IBM Corporation was established in 1911 and has its headquarters in New York in the United States. IBM is the abbreviated form of International Business Machines, and the company manufactures and supplies computer software, hardware, and data analytics.
Fugro Group founded in 1962 has its headquarter in Netherlands. It specialises in geo-data and collects and analyses information collected on earth and its structures for a sustainable environment.
Other market players include StormGeo AS, ENAV S.p.A., DTN LLC, Infoplaza Marine Weather, Met Office, Weather Routing Inc., and Precision Weather Service, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Forecasting Type |
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Breakup by Organisation Size |
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Breakup by End Use Industry |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Application
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Weather Forecasting Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Weather Forecasting Services Historical Market (2018-2023)
8.3 Global Weather Forecasting Services Market Forecast (2024-2032)
8.4 Global Weather Forecasting Services Market by Forecasting Type
8.4.1 Long Range Forecasting
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Medium Range Forecasting
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Short Range Forecasting
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Weather Forecasting Services Market by Organisation Size
8.5.1 Large Enterprises
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Small and Medium Enterprises
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Weather Forecasting Services Market by End Use Industry
8.6.1 Agriculture
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Energy and Utilities
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Transportation and Logistics
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Defence and Military
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Aviation
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
8.6.6 Marine
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2023)
8.6.6.3 Forecast Trend (2024-2032)
8.6.7 Construction and Mining
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2018-2023)
8.6.7.3 Forecast Trend (2024-2032)
8.6.8 Media
8.6.8.1 Market Share
8.6.8.2 Historical Trend (2018-2023)
8.6.8.3 Forecast Trend (2024-2032)
8.6.9 Others
8.7 Global Weather Forecasting Services Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Weather Forecasting Services Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Weather Forecasting Services Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Weather Forecasting Services Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Weather Forecasting Services Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Weather Forecasting Services Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 EMR’s Key Indicators for Demand
14.4 EMR’s Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Accuweather, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 IBM Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Fugro Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 StormGeo AS
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ENAV S.p.A.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 DTN LLC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Infoplaza Marine Weather
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Met Office
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Weather Routing Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Precision Weather Service
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Weather Forecasting Services Market: Key Industry Highlights, 2018 and 2032
2. Global Weather Forecasting Services Historical Market: Breakup by Forecasting Type (USD Million), 2018-2023
3. Global Weather Forecasting Services Market Forecast: Breakup by Forecasting Type (USD Million), 2024-2032
4. Global Weather Forecasting Services Historical Market: Breakup by Organisation Size (USD Million), 2018-2023
5. Global Weather Forecasting Services Market Forecast: Breakup by Organisation Size (USD Million), 2024-2032
6. Global Weather Forecasting Services Historical Market: Breakup by End Use Industry (USD Million), 2018-2023
7. Global Weather Forecasting Services Market Forecast: Breakup by End Use Industry (USD Million), 2024-2032
8. Global Weather Forecasting Services Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Weather Forecasting Services Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Weather Forecasting Services Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Weather Forecasting Services Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Weather Forecasting Services Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Weather Forecasting Services Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Weather Forecasting Services Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Weather Forecasting Services Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Weather Forecasting Services Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Weather Forecasting Services Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Weather Forecasting Services Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Weather Forecasting Services Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Weather Forecasting Services Market Structure
The market size reached a value of more than USD 2.25 billion in 2023.
The market is expected to grow at a CAGR of 9.80% between 2024 and 2032.
The market is projected to reach a value of USD billion 5.23 by 2032.
The major market drivers are need or weather predictions for farming activities, uncertainty of rainfall, and the need to improve the safety of aviation.
The key trends of the global weather forecasting services market are progress in numerical weather forecasts, use of artificial intelligence, and developments by the aviation industry.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa.
The key market players are AccuWeather Inc., IBM Corporation, Fugro Group, StormGeo AS, ENAV S.p.A., DTN LLC, Infoplaza Marine Weather, Met Office, Weather Routing Inc., and Precision Weather Service, among others.
The market is segmented based on forecasting type, organisation size, end use industry, and region.
Based on forecasting type, the market can be segmented into long range forecasting, medium range forecasting, and short range forecasting.
Weather forecasting services predict upcoming weather conditions using various tools or methods, helping concerned organisations or people in preparing adequately for upcoming weather conditions.
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