Weather Forecasting System Market Analysis

The global weather forecasting system market is segmented and analyzed for demand and supply by end- use into agriculture, transportation, aviation, energy & utilities, marine, BFSI, meteorology, and weather service providers, out of which, aviation segment is projected to significantly grow over the forecast period owing to its large dependency on weather condition that result in rising number of flight delay and cancellation. For instance, in January 2022, a winter storm that was approaching the mid-Atlantic caused more than 3,305 globally and 1,905 aircraft in the US to be cancelled or delayed.

Our in-depth analysis of the global market includes the following segments:

By Component Type	Solutions Systems
By Forecast Range	Nowcast Short-Range Forecast Medium Range Long Range
By Application	Weather Observing Systems Weather Satellites Weather Stations Drones Weather Balloons
By End-Use	Agriculture Transportation Aviation Energy & Utilities Marine BFSI Meteorology Weather Service Providers

Frequently Asked Questions (FAQ)

Increasing climate change, increasing occurrences of tropical cyclones, and escalating use of AI for weather forecasting are some major factors driving the growth of the weather forecasting system market.

The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2022 â€“ 2031.

Lack of efficient automation, and barriers of complexities in climate models are estimated to hamper the market growth.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.

The major players in the market are AccuWeather, Inc., All Weather, Inc., Fugro, MORCOM INTERNATIONAL, INC., ENAV S.p.A., Hoskin Scientific, Raytheon Technologies Corporation, AIRMAR Technology Corp., and others.

Weather Forecasting System Market Analysis