The Weather Forecasting Systems Global Market Report 2023, provides comprehensive information on the weather forecasting systems market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company’s esteemed Weather Forecasting Systems Global Market Report for 2023, the market experienced a discernible upswing, expanding from a valuation of $2.39 billion in 2022 to a more substantial $2.52 billion in 2023. This upward trajectory is indicative of a commendable compound annual growth rate (CAGR) of 5.6%, underscoring the sector’s resilience and adaptability in the face of economic challenges.
Nevertheless, the global economic landscape has not been immune to disruptions, and the Russia-Ukraine conflict has played a pivotal role in shaping recent developments. This geopolitical tension has cast a shadow over the prospects of global economic recovery in the short term. The ensuing economic sanctions imposed on multiple nations, coupled with the resultant surge in commodity prices and intricate supply chain interruptions, have collectively culminated in an inflationary surge across the spectrum of goods and services. The ripple effect of these events has reverberated across various markets worldwide.
However, it is imperative to acknowledge the enduring growth potential of the weather forecasting systems market. Forecasts suggest that the market is poised for further expansion, with a projected size of $3.15 billion in 2027, driven by a notable CAGR of 5.7%. This anticipated growth signifies the importance of leveraging advanced technology and data analytics to enhance weather prediction accuracy and preparedness. In a world where climate-related challenges are becoming increasingly significant, the role of weather forecasting systems assumes critical importance in ensuring the safety and resilience of communities and industries alike. The confluence of technology, data, and meteorology stands as a testament to our commitment to understanding and adapting to the forces of nature.
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A prevailing trend in the market is the increased adoption of advanced weather monitoring systems. Leading companies in the weather forecasting systems sector are actively developing sophisticated weather monitoring solutions to fortify their market standing. Case in point, in October 2021, the Finnish environmental and industrial measurement company, Vaisala, unveiled the AWS810 Automatic Weather Station. This innovative system seamlessly integrates various analog and digital sensors, offering extensive configuration and connectivity options. Notably, the AWS810 incorporates robust data security measures in both its hardware and software, safeguarding against security breaches and unauthorized access. It also simplifies remote maintenance, enhancing the management of large networks. Additionally, the AWS810 provides users with access to real-time synoptic observations, enabling monitoring of weather-related events and the continuous, traceable collection of climatological data, serving various governmental, agency, and research purposes. This advancement in weather monitoring systems underscores their critical role in enhancing data precision and accessibility for informed decision-making and environmental sustainability.
The Weather Forecasting Systems Market Is Segmented:
Weather Forecasting Systems By Type:
Short-Range
Medium-Range
Long-Range
Weather Forecasting Systems By Component:
Data Loggers
Software
Sensors And Hardware
Weather Forecasting Systems By Equipment:
Barometer
Anemometer
Hygrometer
Rain Gauge
Thermometer
Sling Psychrometer
Weather Balloons
Weather Forecasting Systems By End User:
Aviation
Military
Energy
Agriculture
Marine
Transportation
Top Key Players:
The Weather Company
Sutron Corporation
Campbell Scientific
Airmar Technology Corporation
All Weather
North America was the largest region in the weather forecasting systems market in 2022.
The table of contents in TBRC’s weather forecasting systems market report includes:
1. Executive Summary
2. Weather Forecasting Systems Market Characteristics
3. Weather Forecasting Systems Market Trends And Strategies
4. Weather Forecasting Systems Market – Macro Economic Scenario
5. Weather Forecasting Systems Market Size And Growth
……
26. Africa Weather Forecasting Systems Market
27. Weather Forecasting Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Weather Forecasting Systems Market
29. Weather Forecasting Systems Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Weather Forecasting Systems Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Weather Forecasting Systems Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Weather Forecasting Systems Market, Segmentation By Equipment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
…..
Table 47: The Weather Company Financial Performance
Table 48: Sutron Corporation Financial Performance
Table 49: Campbell Scientific Financial Performance
Table 50: Airmar Technology Corporation Financial Performance
Table 51: All Weather Financial Performance
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