Storm Tracking Apps Market size is expected to reach USD 3.8 Billion by the end of 2036, growing at a CAGR of 9.5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the storm tracking apps was USD 838 Million. This is attributed to the surge in the number of weather events globally especially in the coastal areas which increased the use of storm apps to prepare and deal with the severe weather event. The storms have increased drastically due to global warming, rapid deforestation, and melting glaciers among others. According to recent data, around least 12000 people lost their lives in severe weather events in the year 2023 which was 30% more than in 2022.
In addition, technological advancements such as advanced radar systems, improve mobile connectivity which will help many people to access the app. Furthermore, the growing usage of mobile phones and increasing penetration of the internet is the reason for wider access to storm apps among users. According to recent reports, there are 4.27 billion mobile internet users worldwide and 65.5 % of the entire world’s population has internet access.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~ 9.5% |
Base Year Market Size (2023) |
~ USD 838 Million |
Forecast Year Market Size (2036) |
~ USD 3.8 Billion |
Regional Scope |
|
Software Type (IOS, Android Platform)
The Android platform segment is predicted to account for 58% share of the global storm tracking apps market by 2036. The segment growth can be attributed to the accessibility of smartphones worldwide that help Android smartphone users stay informed about severe weather conditions and take necessary precautions. According to recent reports, there are approximately 6.4 Billion smartphones worldwide. Moreover, storm tracking apps come up with many features such as storm tracking maps, weather alerts, and notifications which help users be informed about upcoming storms and prepare in advance to deal with severe weather events.
End- Users (Commercial Users, Private Users)
The commercial users' segment is predicted to account for 55% share of the global storm tracking apps market by 2036. The segment growth can be attributed to the increasing demand for accurate weather conditions to reduce the risk and damage caused by the storm. Commercial users such as construction businesses, and airline companies have access to storm-tracking apps to plan their operations accordingly and also ensure the safety of their workers by monitoring and tracking various severe weather events as these apps provide real-time alerts and signals to the users.
Our in-depth analysis of the global storm tracking apps market includes the following segments:
Software Type |
|
End-Users |
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North American Market Forecast
Storm tracking apps market in the North America region is anticipated to hold the largest share of about 38% by the end of 2036. The regional growth is attributed to various technological advances such as improvements in computer forecast and also the rise in use of super computers, which can generate accurate weather predications. According to Recent information, there were 170 supercomputers as of November 2023. In addition, increased penetration of internet connection and end users sectors in region have demand for storm tracking apps market. Businesses in this region are the first to use contemporary technologies and due to which technology has huge role in generating accurate weather predictions. Moreover, the rising incidence of natural disasters due to unwanted climate changes and further security concerns related severe weather events boost the growth of storm apps market in the region.
European Market Analysis
The storm tracking apps market in Europe region is estimated to be the second largest, registering a share of about 25% by the end of 2036. The market’s expansion can be attributed to changing climate patterns such as storm uncertainties, and global warming. According to National Centers for Environment Information, Europe had above-average monthly temperatures throughout the year 2022. The construction, business, and aviation industries in the region are dependent on weather forecasting apps to stay updated about weather events to ensure cost savings and sustainability. In addition, storm apps help provide information to the aerospace sector which further improves long-range wind awareness. The aviation industry depends heavily on weather forecasting apps to ensure the safety of passengers. Moreover, the apps are highly efficient when dealing with turbulence and wind shear issues. Furthermore, there has been an increase in air accidents due to bad weather conditions, taking the lives of many passengers in the region. According to Eurostat, there were approximately 145 people died in 2022 in aviation accidents due to bad weather in the Europe region.
Author Credits: Abhishek Verma
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