Weather Forecasting Services Market Forecast Type (Long or Extended Range Forecast, Normal Range Forecast, and Medium Range Forecast), and End-Use Industry (Transportation, Aviation, Energy & Utilities, Banking Financial Services & Insurance (BFSI), Agriculture, Media, Manufacturing, Retail, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 17-Oct-2020 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-674 Status : Published

According to the report published by Zion Market Research, global demand for the weather forecasting services market was valued at approximately USD 1.35 Billion in 2019, and is expected to generate revenue of around USD 2.19 Billion by end of 2026, growing at a CAGR of around 7.15% between 2020 and 2026.

Description

According to the report published by Zion Market Research, global demand for the weather forecasting services market was valued at approximately USD 1.35 Billion in 2019, and is expected to generate revenue of around USD 2.19 Billion by end of 2026, growing at a CAGR of around 7.15% between 2020 and 2026.

Global Weather Forecasting Services Market: Overview

Weather forecasting is the combination of technology and science to forecast environmental and atmospheric conditions in a specific region. It is the process of gathering static data of the atmosphere in a specific region and further processes this data through various scientific techniques in order to forecast the atmospheric change. Weather forecasting systems include various components such as computing systems, sensors, software, and communication devices. These systems gather, interpret, and process atmospheric data and transfer to the number of the channel across the globe. Weather warning plays a vital role to protect life and property. Defense and agriculture sectors make the maximum use of weather forecasting systems.

Global Weather Forecasting Services Market: Growth Factors

The uncertainty of the climatic change may fuel the global weather forecasting systems market growth in the near future. The reliable forecast in the stipulated time may save life and money, and improve time to fight against natural disasters, pollution, and ecological catastrophes. In addition, potential sectors such as defense and agriculture need timely weather updates to control air traffic control and others. Continuous development in the technology enhances the capability of the weather forecasting systems, which enables to forecast accurate weather. However, the complexity associated with the system and lack of skilled professionals for the operation of the weather forecasting systems may restraint the global market growth.

Global Weather Forecasting Services Market

Global Weather Forecasting Services Market: Segmentation

The global weather forecasting services market is bifurcated based on forecast types and geography. The forecast types segment is divided into long or extended range forecast types, normal range forecast types, and medium-range forecast types. The end-use industry segment is divided into transportation, aviation, energy & utilities, Banking Financial Services & Insurance (BFSI), agriculture, media, manufacturing, retail, and others

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Weather Forecasting Services Market: Regional Analysis

The Asia Pacific holds the largest market share in the global weather forecasting services market due to growth in the transportation industry. In addition, rapid industrialization in emerging economies such as India and China is anticipated to propel the global market growth in the future. Other factors such as the dependency of rainfall in the Asia Pacific may create a high demand for weather forecasting services. The Middle East and Africa and Latin America show substantial growth and also offer huge investment opportunities.

Global Weather Forecasting Services Market: Competitive Players

Key players in the global weather forecasting services market are Skye Instruments Ltd, Columbia Weather System Inc., Morcom International, Inc., All Weather, Inc., StormGeo, BMT Group, and Fugro. Other major players in the global market are Airmar Technology Corporation, Lockheed Martin Corporation, and Thales Group.

Weather Forecasting Services Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.2.Report Scope
  • Chapter 2.Research Methodulogy
    • 2.1.Research Methodulogy
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Weather Forecasting Services Market, 2016 – 2026 (USD Million)
    • 3.2.Global Weather Forecasting Services Market: Snapshot
  • Chapter 4.Weather Forecasting Services Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Anaysis
      • 4.4.2.Use – Cases for Weather Forecasting Services
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technulogy Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Weather Forecasting Services Market Attractiveness, By Forecast Type
    • 5.2.Global Weather Forecasting Services Market Attractiveness, By End-Use Industry
    • 5.3.Global Weather Forecasting Services Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Weather Forecasting Services Market: Company Market Share, 2019
    • 6.2.Strategic Developments
  • Chapter 7.Weather Forecasting Services Market – Forecast Type Analysis
    • 7.1.Global Weather Forecasting Services Market Overview: by Forecast Type
      • 7.1.1.Global Weather Forecasting Services Market Revenue Share, by Forecast Type, 2019 & 2026
    • 7.2.Global Weather Forecasting Services Market Analysis/Overview – By Forecast Type
      • 7.2.1.Long or Extended Range Forecast – Overview/Analysis
      • 7.2.2.Normal Range Forecast – Overview/Analysis
      • 7.2.3.Medium Range Forecast – Overview/Analysis
    • 7.3.Long or Extended Range Forecast
      • 7.3.1.Global Weather Forecasting Services Market for Long or Extended Range Forecast, Revenue (USD Million) 2016 - 2026
    • 7.4.Normal Range Forecast
      • 7.4.1.Global Weather Forecasting Services Market for Normal Range Forecast, Revenue (USD Million) 2016 - 2026
    • 7.5.Medium Range Forecast
      • 7.5.1.Global Weather Forecasting Services Market for Medium Range Forecast, Revenue (USD Million) 2016 - 2026
  • Chapter 8.Weather Forecasting Services Market – End-Use Industry Analysis
    • 8.1.Global Weather Forecasting Services Market Overview: by End-Use Industry
      • 8.1.1.Global Weather Forecasting Services Market Revenue Share, by End-Use Industry, 2019 & 2026
    • 8.2.Global Weather Forecasting Services Market Analysis/Overview – By End-Use Industry
      • 8.2.1.Transportation – Overview/Analysis
      • 8.2.2.Aviation – Overview/Analysis
      • 8.2.3.Aviation Energy & Utilities – Overview/Analysis
      • 8.2.4.Banking Financial Services & Insurance (BFSI) – Overview/Analysis
      • 8.2.5.Agriculture – Overview/Analysis
      • 8.2.6.Media – Overview/Analysis
      • 8.2.7.Manufacturing – Overview/Analysis
      • 8.2.8.Retail – Overview/Analysis
      • 8.2.9.Others – Overview/Analysis
    • 8.3.Transportation
      • 8.3.1.Global Weather Forecasting Services Market for Transportation, Revenue (USD Million) 2016 - 2026
    • 8.4.Aviation
      • 8.4.1.Global Weather Forecasting Services Market for Aviation, Revenue (USD Million) 2016 - 2026
    • 8.5.Aviation Energy & Utilities
      • 8.5.1.Global Weather Forecasting Services Market for Aviation Energy & Utilities, Revenue (USD Million) 2016 - 2026
    • 8.6.Banking Financial Services & Insurance (BFSI)
      • 8.6.1.Global Weather Forecasting Services Market for Banking Financial Services & Insurance (BFSI), Revenue (USD Million) 2016 - 2026
    • 8.7.Agriculture
      • 8.7.1.Global Weather Forecasting Services Market for Agriculture, Revenue (USD Million) 2016 - 2026
    • 8.8.Media
      • 8.8.1.Global Weather Forecasting Services Market for Media, Revenue (USD Million) 2016 - 2026
    • 8.9.Manufacturing
      • 8.9.1.Global Weather Forecasting Services Market for Manufacturing, Revenue (USD Million) 2016 - 2026
    • 8.1.Retail
      • 8.10.1.Global Weather Forecasting Services Market for Retail, Revenue (USD Million) 2016 - 2026
    • 8.11.Others
      • 8.11.1.Global Weather Forecasting Services Market for Others, Revenue (USD Million) 2016 - 2026
  • Chapter 9.Weather Forecasting Services Market – Regional Analysis
    • 9.1.Global Weather Forecasting Services Market: Regional Overview
      • 9.1.1.Global Weather Forecasting Services Market Revenue Share, by Region, 2019 & 2026
      • 9.1.2.Global Weather Forecasting Services Market Revenue, by Region, 2016 – 2026 (USD Million)
    • 9.2.North America
      • 9.2.1.North America Weather Forecasting Services Market Revenue, 2016 - 2026 (USD Million)
      • 9.2.2.North America Weather Forecasting Services Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.2.3.North America Weather Forecasting Services Market Revenue, by Forecast Type, 2016 – 2026
      • 9.2.4.North America Weather Forecasting Services Market Revenue, by End-Use Industry, 2016 – 2026
      • 9.2.5. U.S.
      • 9.2.6.Canada
    • 9.3.Europe
      • 9.3.1.Europe Weather Forecasting Services Market Revenue, 2016 - 2026 (USD Million)
      • 9.3.2.Europe Weather Forecasting Services Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.3.3.Europe Weather Forecasting Services Market Revenue, by Forecast Type, 2016 – 2026
      • 9.3.4.Europe Weather Forecasting Services Market Revenue, by End-Use Industry, 2016 – 2026
      • 9.3.5.Germany
      • 9.3.6.France
      • 9.3.7. U.K.
      • 9.3.8.Italy
      • 9.3.9.Spain
      • 9.3.10.Rest of Europe
    • 9.4.Asia Pacific
      • 9.4.1.Asia Pacific Weather Forecasting Services Market Revenue, 2016 - 2026 (USD Million)
      • 9.4.2.Asia Pacific Weather Forecasting Services Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.4.3.Asia Pacific Weather Forecasting Services Market Revenue, by Forecast Type, 2016 – 2026
      • 9.4.4.Asia Pacific Weather Forecasting Services Market Revenue, by End-Use Industry, 2016 – 2026
      • 9.4.5.China
      • 9.4.6.Japan
      • 9.4.7.India
      • 9.4.8.South Korea
      • 9.4.9.South-East Asia
      • 9.4.10.Rest of Asia Pacific
    • 9.5.Latin America
      • 9.5.1.Latin America Weather Forecasting Services Market Revenue, 2016 - 2026 (USD Million)
      • 9.5.2.Latin America Weather Forecasting Services Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.5.3.Latin America Weather Forecasting Services Market Revenue, by Forecast Type, 2016 – 2026
      • 9.5.4.Latin America Weather Forecasting Services Market Revenue, by End-Use Industry, 2016 – 2026
      • 9.5.5.Brazil
      • 9.5.6.Mexico
      • 9.5.7.Rest of Latin America
    • 9.6.The Middle-East and Africa
      • 9.6.1.The Middle-East and Africa Weather Forecasting Services Market Revenue, 2016 - 2026 (USD Million)
      • 9.6.2.The Middle-East and Africa Weather Forecasting Services Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 9.6.3.The Middle-East and Africa Weather Forecasting Services Market Revenue, by Forecast Type, 2016 – 2026
      • 9.6.4.The Middle-East and Africa Weather Forecasting Services Market Revenue, by End-Use Industry, 2016 – 2026
      • 9.6.5.GCC Countries
      • 9.6.6.South Africa
      • 9.6.7.Rest of Middle-East Africa
  • Chapter 10.Company Profiles
    • 10.1.Skye Instruments Ltd
      • 10.1.1.Company Overview
      • 10.1.2.Financial Overview
      • 10.1.3.Product Portfulio
      • 10.1.4.Business Strategy
      • 10.1.5.Recent Developments
    • 10.1.Skye Instruments Ltd
    • 10.2.Culumbia Weather System Inc.
    • 10.3.Morcom International, Inc.
    • 10.4.Weather, Inc.
    • 10.5.Airmar Technulogy Corporation
    • 10.6.Lockheed Martin Corporation
    • 10.7.Thales Group
    • 10.8.StormGeo
    • 10.9.BMT Group
    • 10.1.Fugro

Methodology


Frequently Asked Questions

The uncertainty of the climatic change may fuel the global weather forecasting systems market growth in the near future. The reliable forecast in the stipulated time may save life and money, and improve time to fight against natural disasters, pollution, and ecological catastrophes. In addition, potential sectors such as defense and agriculture need timely weather updates to control air traffic control and others.

According to Zion Market Research, global demand for the weather forecasting services market is expected to generate revenue of around USD 2.19 Billion by end of 2026, growing at a CAGR of around 7.15% between 2020 and 2026.

The Asia Pacific holds the largest market share in the global weather forecasting services market due to growth in the transportation industry. In addition, rapid industrialization in emerging economies such as India and China is anticipated to propel the global market growth in the future. Other factors such as the dependency of rainfall in the Asia Pacific may create a high demand for weather forecasting services.

Key players in the global weather forecasting services market are Skye Instruments Ltd, Columbia Weather System Inc., Morcom International, Inc., All Weather, Inc., StormGeo, BMT Group, Fugro, Airmar Technology Corporation, Lockheed Martin Corporation, and Thales Group.

}
Office Address

Corporate Office
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office
3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com