Weather Forecasting Systems And Solutions Market Application Outlook, Key Manufacturers & Growth Prospects Mapping

Felton, Calif., USA, Feb. 10, 2021 — /EPR Network/ —

The global Weather Forecasting Systems And Solutions Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview:

The global weather forecasting system and solutions market size is expected to value at USD 4.63 billion by 2025, during the forecast period. The market is subject to witness a substantial growth due to the critical demand for disaster management systems and weather monitoring systems, and rise in rainfall uncertainties is significantly impacting agriculture growth.

Key Players:

  • Airmar Technology Corp.
  • All Weather, Inc.(AWI)
  • Campbell Scientific, Inc.
  • Columbia Weather Systems, Inc.
  • Gill Instruments Limited
  • Lockheed Martin Corporation
  • MORCOM International
  • Munro Instruments Limited
  • Skye Instruments Limited

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Growth Drivers:

The key factors propelling the growth of the weather forecasting system and solutions market in recent years, are rise in the demand for high precision weather models and increase in the use of transportation services via sea & air. Also, the growing preference towards weather forecasting system to avoid natural disasters mainly in emerging economies in across the globe is a driving factor for weather forecasting systems market. Globally, the weather forecasting system and solutions market is predicted to grow at CAGR of 7.1% in forecast period providing numerous opportunity for market players to invest for research and development in the weather forecasting solutions industry.

Furthermore, the weather forecasting systems allow organizations to improve importing and exporting of goods and their distribution, storage, and shipping processes. Application of the weather forecast systems varies according to the different industry verticals such as food delivery sector, agriculture sector, transport sector, and environmental sciences. The impact of undesired weather condition is decisive for consistent agriculture production, for instance, heavy rains are responsible for damage of crop, whereas decline in rainfall reduces overall agriculture production. Such critical factors are stimulating the growth of weather forecasting solutions market. Significant initiatives undertaken by regional governments to avoid natural disasters such as tornados, tsunamis and landslides are the key factors fueling growth of the weather forecasting system market. Subsequently, weather forecast systems are adopted to curb air pollution by measuring air quality, which is also driving the growth of the market in recent years.

Forecast Range Type Outlook:

  • Short-Range Forecast
  • Medium-Range Forecast
  • Long-Range Forecast

Regional Outlook:

The weather forecasting system and solutions market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise adoption of latest technologies for accurate prediction of weather forecast and presence of well-established industry players. Asia-Pacific region is predicted to hold major market share in the weather forecasting system industry with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with recent enhancement in data analytics, rise in the adoption of supercomputers to deliver higher computing capabilities and substantial investment by numerous market player due to potential opportunities in the region results in a higher CAGR during the forecast period.

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