Overview and Scope
The weather forecasting systems combine technology and science to anticipate the state of the atmosphere for a specific time and location in the future. Weather forecasts are developed by gathering as much information as possible regarding the current atmospheric conditions (like humidity, temperature, and wind) and applying knowledge of atmospheric processes (through meteorology) to predict how the atmosphere will evolve in the future.
Sizing and Forecast
The weather forecasting systems market size has grown steadily in recent years. It will grow from $2.52 billion in 2024 to $2.64 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to growth in climate research and monitoring, natural disaster preparedness, agriculture and crop management, air and sea transportation, climate change impact..
The weather forecasting systems market size is expected to see steady growth in the next few years. It will grow to $3.14 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to renewable energy integration, increasing smart agriculture, extreme weather events, environmental conservation, space exploration and astronomy. Major trends in the forecast period include high-resolution weather modeling, ai and machine learning integration, weather data visualization, weather app integration, space-based weather monitoring..
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Segmentation & Regional Insights
The weather forecasting systems market covered in this report is segmented –
1) By Type: Short-Range, Medium-Range, Long-Range
2) By Component: Data Loggers, Software, Sensors And Hardware
3) By Equipment: Barometer, Anemometer, Hygrometer, Rain Gauge, Thermometer, Sling Psychrometer, Weather Balloons
4) By End User: Aviation, Military, Energy, Agriculture, Marine, Transportation
Top 5 Major Players:
- The Weather Company,
- Sutron Corporation,
- Campbell Scientific Inc.,
- Airmar Technology Corporation
- All Weather Co
North America was the largest region in the weather forecasting systems market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the weather forecasting systems market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing adoption of renewable energy sources is significantly driving the growth of the weather forecasting systems market. Renewable energy generation, particularly wind and solar power, is volatile due to its reliance on weather, necessitating the use of proper forecasting systems to avoid downtime and improve efficiency. For instance, in December 2021, according to International Energy Agency, a France-based intergovernmental agency, global renewable electricity capacity is projected to increase by over 60% from 2020 to reach 4,800 GW by 2026, surpassing fossil fuels and nuclear power combined. Nearly 95% of the global power capacity growth by 2026 will come from renewables, with solar PV accounting for more than half, marking a 50% increase compared to 2015-2020. As a result, the growing use of renewable energy sources is expected to drive the growth of the weather forecasting systems market in the coming years.
Key Industry Players
Major companies operating in the weather forecasting systems market include The Weather Company, Sutron Corporation, Campbell Scientific Inc., Airmar Technology Corporation, All Weather Co., Morcom International, Columbia Weather Systems, G. Lufft Mess-und Regeltechnik, Vaisala Oyj, Skye Instruments Ltd., AccuWeather Inc., StormGeo AS, Lockheed Martin Corporation, Liquid Robotics Inc., Spire Global Inc., Earth Networks Inc., Skymet Weather Services, DTN Inc., Honeywell International Inc., International Business Machines Corporation, MeteoGroup, Raytheon Company, Tomorrow.io, OTT HydroMet Ltd., Athenium Analytics, WeatherOps, Fugro Inc., The Weather Network, Met Office, WeatherBug Org., Weatherzone Org., WeatherBell Analytics Org., Meteoblue AG, Meteo-France SA
The weather forecasting systems market report table of contents 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. Global Weather Forecasting Systems Market Size and Growth
….
31. Global Weather Forecasting Systems Market Competitive Benchmarking
32. Global Weather Forecasting Systems Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Weather Forecasting Systems Market
34. Weather Forecasting Systems Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Weather Forecasting Systems Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Weather Forecasting Systems Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Weather Forecasting Systems Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 75: The Weather Company Financial Performance
Table 76: Sutron Corporation Financial Performance
Table 77: Campbell Scientific Inc. Financial Performance
Table 78: Airmar Technology Corporation Financial Performance
Table 79: All Weather Co. Financial Performance
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