Weather Forecasting Services Market Key Highlights:
- Market Size (2024): USD 2,658 Million
- Projected Market Size (2034): USD 5,036 Million
- CAGR (2024-2034): 6.6%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Weather Forecasting Services Market Definition
Weather forecasting services are popular in various fields, especially in air traveling and agricultural sectors. This service guides farmers about climate change and prevents any damages that could occur in the future due to water changes. Additionally, weather forecasting services help pilots provide reliable weather information. The weather forecast services are driven by industries like transportation, farming, agriculture, and aviation for better weather-related risk management. Additionally, the government is promoting several weather events to increase awareness of disasters and their pre-management requirements.
However, limited data access in the ocean and undeveloped areas can hamper the market expansion. Limited data availability can cause issues among agriculture and disaster management services. However, ongoing innovations in the adoption of AI and high-resolution satellite data would help to overcome this issue. Additionally, AI and ML technologies access in smartphones will help to enhance the accuracy of forecasting. Advanced mobile and on-demand services are projected to enhance weather forecasting services in upcoming periods.
Asia Pacific accounted to be the dominant of weather forecasting services market with rising government focus and investments in weather forecast technologies. IMD services are significantly contributing to the Indian weather forecasting services market. Additionally, China crucially leads the market with countries' government investments in meteorological infrastructure. However, North America accelerated to lead market share with the adoption of AI and hyper-localized forecasting services.
Weather Forecasting Services Market Segmentation:
By Services
- Nowcasting Weather Forecasting Services
- Short-range Weather Forecasting Services
- Medium-range Weather Forecasting Services
- Long-range Weather Forecasting Services
By Enterprise Size
- Small Offices (1-9 employees)
- Small Enterprises (10-99 employees)
- Medium-sized Enterprise (100-499 employees)
- Large Enterprises (500-999 employees)
- Very Large Enterprises (1,000+ employees)
By Industry
- Agriculture
- Aviation
- Energy & Utilities
- Retail
- Manufacturing
- Media
- Marine Industry
- Logistics & Transportation
- Others
Weather Forecasting Services Market Companies:
- AccuWeather, Inc.
- DTN
- Earth Networks
- Fugro
- Met Office
- Precision Weather Service
- Spire Global
- StormGeo
- The Tomorrow Companies Inc.
- The Weather Company (IBM)
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