Weather Forecasting Systems Market Size, Share, Growth Analysis Report 2032

Weather Forecasting Systems Market Industry Prospective

The global Weather Forecasting Systems Market size was valued at USD 28.46 Million in 2023 and is predicted to reach USD 59.9 Million by the end of 2032. The market is expected to grow with a CAGR of 8.62% during the forecast period. The report analyzes the global Weather Forecasting Systems Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Weather Forecasting Systems industry.

Request Free Sample

Global Weather Forecasting Systems Market: Overview

To foresee the atmospheric conditions and the environmental changes a combination of science and technology is used which are known as weather forecasting. With the help of weather forecasting, quantitative data about the atmosphere for a particular location is collected. This data is then processed using various scientific techniques to predict the changes in the climate and the environment. Different types of weather forecasting techniques are available in the market which consists of various components such as sensors, computing systems, communication devices, and software. These systems are used for the purpose of collecting the atmospheric data, processing it and interpreting information to the various channels across the globe. The weather warnings were given help in protecting the life and property.

Global Weather Forecasting Systems Market: Growth Factors

Any undesired climatic change cause huge damages to the life and property and thus the safety and security concerns are rising thus fueling the market growth. The prediction is done by these weather forecasting systems if reliable can help to take preventive measures against pollution, ecological catastrophes, and natural disasters. The weather forecasting systems have gained a momentum in the military applications as they need constant updates on the weather and the air traffic control. The continuous technological advancements that are made in the weather forecasting systems to predict the accurate changes in the atmosphere are fueling the growth of the market. The challenge that the market is facing is the system complexity. The working of the systems are very complex and requires well-trained professionals to operate them.

Key Insights

• As per the analysis shared by our research analyst, the global Weather Forecasting Systems Market is estimated to grow annually at a CAGR of around 8.62% over the forecast period (2024-2032).
• In terms of revenue, the global Weather Forecasting Systems Market size was valued at around USD 28.46 Million in 2023 and is projected to reach USD 59.9 Million by 2032.
• Based on the end user, The meteorology and weather service provider segment holds the largest market share, accounting for 20.2% in 2023. This dominance is driven by the increasing need for accurate weather data across industries such as transportation, energy, aviation, and oil & gas, which rely on advanced forecasting systems for smooth operations.
• Based on the component, The hardware segment is the most dominant, holding 59.7% of the market share in 2022. This is due to the essential role of physical devices like barometers, anemometers, and weather satellites in collecting accurate weather data, which is crucial for effective forecasting.
• Based on the equipment, Within the equipment category, weather satellites are the most dominant. Their extensive coverage and ability to provide real-time data make them indispensable for accurate global weather monitoring and forecasting. 
• Based on the system type, The hardware segment leads in system type, reflecting the critical importance of physical infrastructure in weather data collection and forecasting processes.
• Based on the forecast type, Short-range forecasting is the most dominant, accounting for 35.2% of the market share in 2024. Its prominence is attributed to its vital role in immediate decision-making processes across sectors like agriculture, transportation, and emergency services. 
• Based on the region, North America holds the largest market share, driven by the presence of prominent players and advanced technological infrastructure that supports the adoption of modern weather forecasting systems across various industries.

Weather Forecasting Systems Market: Report Scope

Global Weather Forecasting Systems Market: Segmentation Analysis

Request Free Sample

The global weather forecasting systems market is segmented into end user, component, equipment, system type, forecast type, and geography. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on the end user, the market is segregated into aviation, energy, military, agriculture, marine, and transportation.

On the basis of the component, the market is categorized into data loggers, software, sensors and hardware.

Based on the equipment, the weather forecasting market is divided into the barometer, hygrometer, thermometer, weather balloons, anemometer, rain gauge, and psychrometer.

On the basis of the system type, the market is bifurcated into weather satellite systems, weather station, radiosondes, weather radar and sounding systems.

Based on the forecast type the market is categorized into the normal range, medium range, short range and long range. 

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Global Weather Forecasting Systems Market: Regional Analysis

Request Free Sample

The region that is dominating the weather forecasting systems market is the North American region. This growth is attributed to the continuous improvements that are made in the weather stations and the weather satellites. In the US there are 12 commercial weather stations and 18 weather satellites. The Asia Pacific region is also contributing to the market growth. The factors that contribute to this growth include the rapid increase in the transportation sector in the countries such as India and China and the rapid industrialization. The regions such as Latin America and the Middle East and Africa also offer huge opportunities for the market players to make investments in the market.

Global Weather Forecasting Systems Market: Competitive Players and Segments

The key market players in the weather forecasting systems market include

• Vaisala Oyj
• Campbell Scientific, Inc.
• Sutron Corporation
• Liquid Robotics, Inc.
• All Weather, Inc.
• Columbia Weather Systems, Inc.
• Airmar Technology Corporation
• Lockheed Martin
• Morcom International, Inc
• and Skye Instruments Ltd

By End-user

• Aviation
• Energy
• Military
• Agriculture
• Marine
• Transportation

By Component

• Data loggers
• Software
• Sensors and Hardware

By Equipment

• Barometer
• Hygrometer
• Thermometer
• Weather balloons
• Anemometer
• Rain gauge
• Psychrometer

By System type

• Satellite systems
• Weather station
• Radiosondes
• Weather radar
• Sounding systems

By Forecast type

• Normal range
• Medium range
• Short range
• Long range

Global Weather Forecasting Systems Market: Regional Segments

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.