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Weather Forecasting System Market Share

  • Report ID: 113
  • Published Date: Sep 30, 2024
  • Report Format: PDF, PPT

Weather Forecasting System Market Share

Regionally, the global weather forecasting system market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the Asia Pacific is set to dominate majority revenue share by 2036, backed by occurrences of most natural disasters, and presence of various meteorological agencies. Within the last 30 years, around 2,848 natural disasters have struck the region.

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Weather-Forecasting-System-Market-Share
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Author Credits:  Abhishek Verma


  • Report ID: 113
  • Published Date: Sep 30, 2024
  • Report Format: PDF, PPT

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 – 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.
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