With the emergence and long-term Impact of COVID-19, Global Weather Forecasting System & Solutions Market to reach USD 5.37 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Weather Forecasting System & Solutions Market is poised to raise to USD 5.37 Billion by 2030. A Weather Forecasting System comprises a sophisticated array of tools and technologies designed to predict and communicate atmospheric conditions. Leveraging data from diverse sources such as satellites, weather stations, and radar systems, these systems utilize numerical weather prediction models and advanced algorithms to generate accurate forecasts.
The Weather Forecasting System & Solutions Market is expanding because of factors such as rising sea and air traffic, increasing stringency of norms about environmental protection, and changing weather patterns resulting in unpredictability of rainfall. In addition, the integration of Advanced technologies in weather forecast services and the rising agriculture industry is creating new opportunities for the market. However, the high cost of Weather Forecasting System & Solutions stifles market growth throughout the forecast period of 2023-2030.
Geographically, the global Weather Forecasting System & Solutions market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). The robust growth of the regional market is being fueled by stringent regulatory standards, a surge in sea and air transportation activities, and the reliance on rainfall for water supply. Moreover, the escalating demand for effective disaster management strategies in the face of diverse natural calamities is anticipated to drive increased adoption of weather forecast systems and solutions in the region. North America is expected to grow at the fastest rate during the forecast period, owing to factors such as the presence of key market players, rising technological advancement in the region.
The global Weather Forecasting System & Solutions market is highly competitive owing to the presence of several key manufacturers such as AIRMAR Technology Corporation, All Weather, Inc., Campbell Scientific, Inc., Columbia Weather Systems, Inc., Gill Instruments Limited, Lockheed Martin Corporation, and others.
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Key findings of the study suggest:
- Global Weather Forecasting System & Solutions Market is anticipated to grow with a healthy growth rate of more than 6.6% over the forecast period 2023-2030.
- In the System segment, Software emerged out as the leading market segment in 2022.
- In the Forecast Range, Long-range Forecast emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth Owing to rising continuous innovation in Weather Forecasting System & Solutions products, growing demand for functional meals, and rising awareness of the benefits of fiber for health.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
System:
- Hardware
- Software
Forecast Range:
- Short-range Forecast
- Medium-range Forecast
- Long-range Forecast
End Use:
- Agriculture
- Industrial
- Transportation
- Power & Energy
- Government & Defence
- Meteorology & Weather Service Provider
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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