The Weather Forecasting Systems and
Solutions Market is estimated to be USD 2.68 Billion in 2017
and is projected to reach USD 3.80 Billion by 2022, at a CAGR of 7.21% from
2017 to 2022. The growth of the Weather Forecasting Systems and Solutions
Market can be attributed to the increasing demand for highly accurate weather
forecasting systems from various end-use industries and growing investments
being made by governments of various countries and a number of companies to
develop advanced weather forecasting systems.
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Market Data Tables and 28 Figures spread through 182 Pages and
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Forecasting Systems & Solutions Market - Global Forecast to 2022"
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“The commercial end user segment of the
Weather Forecasting Systems and Solutions Market is projected to grow at the highest
CAGR between 2017 and 2022.”
Based on end user, the Weather Forecasting
Systems and Solutions Market has been segmented into commercial, military, and
weather service providers. The commercial end user segment of the Weather
Forecasting Systems and Solutions Market is projected grow at the highest CAGR
during the forecast period due to increasing use of weather forecasting systems
in various industries such as energy & power, hydrology, aviation, and
agriculture among others.
“The software component segment of the
Weather Forecasting Systems and Solutions Market is expected to grow at the
highest CAGR during the forecast period.”
Based on component, the Weather Forecasting
Systems and Solutions Market has been segmented into software and hardware. The
software component segment of the Weather Forecasting Systems and Solutions
Market is projected to grow at the highest CAGR between 2017 and 2022 due to
the increasing use of weather monitoring & display software and data
collection & processing software for weather predictions by using present
and historical weather data.
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“The Asia Pacific Weather Forecasting Systems
and Solutions Market is projected to grow at the highest CAGR from 2017 to
2022.”
Factors such growth in air and sea transport,
increased demand for continuous weather monitoring for disaster management, and
improvement in the economy of the Asia Pacific region are expected to drive the
growth of the Asia Pacific Weather Forecasting Systems and Solutions Market
during the forecast period. Moreover, rapid industrialization and growth of the
transportation sector in emerging economies such as China and India are also
leading to the growth of the Asia Pacific Weather Forecasting Systems and
Solutions Market. The complexity of weather forecasting processes and weather
forecasting models and uncertainty in the weather forecasts made are the
factors expected to restrain the growth of the Weather Forecasting Systems and
Solutions Market during the forecast period. However, increasing computing
capabilities of supercomputers used for weather forecasting and improving the
efficiency of long-range forecasting systems offer new growth opportunities for
the players operating in the Weather Forecasting Systems and Solutions Market.
Vaisala (Finland), Sutron Corporation (US),
Campbell Scientific (US), Airmar Technology Corporation (US), Liquid Robotics
(US), All Weather, Inc. (US), Morcom International (US), Columbia Weather
Systems (US), G. Lufft Mess-und Regeltechnik (Germany), and Skye Instruments
(UK) among others are the key players operating in the Weather Forecasting
Systems and Solutions Market.
The report segments and analyzes the Weather
Forecasting Systems and Solutions Market based on end user (commercial,
military, and weather service providers), component (hardware and software),
system type (satellite-based systems, ground-based systems, and airborne
systems), forecasting type (nowcast, short range, medium range, extended range,
and long range) and maps these segments and subsegments across five major
regions, namely, North America, Europe, Asia Pacific, the Middle East, and Rest
of the World (RoW).
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Forecasting Systems & Solutions Market. Speak to our analyst and gain
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