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The global weather forecasting systems market is expected to grow at a CAGR of 5.6% between 2024 and 2032, reaching a projected value of USD 5.06 billion by 2032.
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Weather forecasting utilises observational data, tools, technology, and science to forecast the weather for months, days, and hours for a certain location. Before the development of computer models, weather forecasting was done by observation with high levels of inaccuracies. Weather forecasting systems employ software and hardware solutions to build on atmospheric research as well as operational weather forecasting to accurately predict weather.
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Based on the solution, the market can be bifurcated into hardware and software. On the basis of forecasting type, the market is segmented into long range forecasting, medium range forecasting, and short range forecasting. Based on the application, the market is divided into weather satellites, weather observing systems, weather stations, weather drones, weather LiDAR, and weather balloons, among others.
On the basis of end-use industry, the market can be categorised into agriculture, energy and utilities, transportation and logistics, defence and military, aviation, marine, and meteorology and weather service provider, among others. The weather forecasting systems market can be divided based on regions 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 systems market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The software segment is expected to gain momentum in the weather forecasting systems market across the globe as it incorporates a complex network of systems. While potential of hardware systems is limited, with advancements in technology, software systems offer significantly greater potential.
Types of software systems used in weather forecasting include data collection and processing software, weather monitoring and display software, big data analytics, and supercomputing. These systems assemble as well as establish hydrological, meteorological, radar, and satellite data to forecast weather for a specific location.
Geographically, the North American region is augmenting the weather forecasting systems market share on account of the presence existence of major market players in the region like Campbell Scientific, Inc., All Weather, Inc., Skye Instruments Limited, and Vaisala Inc., among others.
Rapid technological advancements along with early adoption of the innovative technologies in several sectors like renewable energy, military and defence, agriculture, and transportation are further driving the market growth in the region.
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Accuweather, Inc. combines technology, weather data, and human insights to improve businesses and lives. It is the most known as well as the most utilised source of weather forecasts along with weather warnings across the globe, known to billions, and is proven and verified to be the most accurate.
IBM Corporation provides information technology (IT) services and products. It sells and produces software and hardware systems, along with hosting, consulting services, and infrastructure.
Skye Instruments Limited is involved in manufacturing and designing instrumentation for plant growth, agricultural research, and environmental monitoring. It is known for producing premium quality instruments that are long-lasting in the field as well as for having outstanding consumer relationships all over the world.
Other market players include Vaisala Oyj, StormGeo AS, DTN LLC, Campbell Scientific, Inc., Airmar Technology Corporation, OTT HydroMet Fellbach GmbH, and Fugro Group, 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 Solution |
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Breakup by Forecasting Type |
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Breakup by Application |
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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 Systems Market Analysis
8.1 Key Industry Highlights
8.2 Global Weather Forecasting Systems Historical Market (2018-2023)
8.3 Global Weather Forecasting Systems Market Forecast (2024-2032)
8.4 Global Weather Forecasting Systems Market by Solution
8.4.1 Hardware
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.1.4 Breakup by Type
8.4.1.4.1 Barometers
8.4.1.4.2 Anemometers
8.4.1.4.3 Rain Gauges
8.4.1.4.4 Thermometers
8.4.1.4.5 Communication and Data Loggers
8.4.1.4.6 Satellite Sensors
8.4.1.4.7 Others
8.4.2 Software
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.2.4 Breakup by Type
8.4.2.4.1 Data Collection and Processing Software
8.4.2.4.2 Weather Monitoring and Display Software
8.4.2.4.3 Big Data Analytics
8.4.2.4.4 Supercomputing
8.4.2.4.5 Others
8.5 Global Weather Forecasting Systems Market by Forecasting Type
8.5.1 Long Range Forecasting
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 Medium Range Forecasting
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Short Range Forecasting
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.6 Global Weather Forecasting Systems Market by Application
8.6.1 Weather Satellites
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 Weather Observing Systems
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 Weather Stations
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 Weather Drones
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 Weather LiDAR
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 Weather Balloons
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 Others
8.7 Global Weather Forecasting Systems Market by End Use Industry
8.7.1 Agriculture
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 Energy and Utilities
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 Transportation and Logistics
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 Defence and Military
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 Aviation
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
8.7.6 Marine
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2023)
8.7.6.3 Forecast Trend (2024-2032)
8.7.7 Meteorology and Weather Service Provider
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2018-2023)
8.7.7.3 Forecast Trend (2024-2032)
8.7.8 Others
8.8 Global Weather Forecasting Systems Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2023)
8.8.3.3 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2023)
8.8.4.3 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2023)
8.8.5.3 Forecast Trend (2024-2032)
9 North America Weather Forecasting Systems 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 Systems 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 Systems 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 Systems 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 Systems 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 Vaisala Oyj
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 DTN LLC
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 Campbell Scientific, Inc.
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 Airmar Technology Corporation
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 OTT HydroMet Fellbach GmbH
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 Fugro Group
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 Skye Instruments Limited
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 Systems Market: Key Industry Highlights, 2018 and 2032
2. Global Weather Forecasting Systems Historical Market: Breakup by Solution (USD Million), 2018-2023
3. Global Weather Forecasting Systems Market Forecast: Breakup by Solution (USD Million), 2024-2032
4. Global Weather Forecasting Systems Historical Market: Breakup by Forecasting Type (USD Million), 2018-2023
5. Global Weather Forecasting Systems Market Forecast: Breakup by Forecasting Type (USD Million), 2024-2032
6. Global Weather Forecasting Systems Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Weather Forecasting Systems Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Weather Forecasting Systems Historical Market: Breakup by End Use Industry (USD Million), 2018-2023
9. Global Weather Forecasting Systems Market Forecast: Breakup by End Use Industry (USD Million), 2024-2032
10. Global Weather Forecasting Systems Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Weather Forecasting Systems Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Weather Forecasting Systems Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Weather Forecasting Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Weather Forecasting Systems Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Weather Forecasting Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Weather Forecasting Systems Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Weather Forecasting Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Weather Forecasting Systems Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Weather Forecasting Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Weather Forecasting Systems Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Weather Forecasting Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Weather Forecasting Systems Market Structure
The market is assessed to grow at a CAGR of 5.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 5.06 billion by 2032.
The major market drivers are uncertain weather conditions due to climate change along with high dependency on rainfall for water supply.
The key market trends include rapid technological advancements and increasing adoption of weather forecasting technologies.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various solutions for weather forecasting systems include hardware and software.
The different forecasting types include long range forecasting, medium range forecasting, and short range forecasting.
The different end-uses in the market include agriculture, energy and utilities, transportation and logistics, defence and military, aviation, marine, and meteorology and weather service provider, among others.
The different applications in the weather forecasting systems market include weather satellites, weather observing systems, weather stations, weather drones, weather lidar, and weather balloons, among others.
The major players in the market are Accuweather, Inc., IBM Corporation, Vaisala Oyj, StormGeo AS, DTN LLC, Campbell Scientific, Inc., Airmar Technology Corporation, OTT HydroMet Fellbach GmbH, Fugro Group, and Skye Instruments Limited, among others.
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