Global Weather Forecasting Services Market Size Study, by Industry, by Forecasting Type, by Purpose, by Organization, and Regional Forecasts 2022-2032

Description

The Global Weather Forecasting Services Market was valued at approximately USD 1.9 billion in 2023 and is projected to expand at a CAGR of 8.20% over the forecast period 2024-2032. Weather forecasting services have evolved significantly, leveraging advanced meteorological models, artificial intelligence, and satellite data analytics to deliver accurate, real-time weather predictions. Industries worldwide, from aviation to agriculture, energy to insurance, rely on precise weather forecasting to optimize operations, mitigate risks, and improve efficiency. With climate change increasing the frequency of extreme weather events, the demand for data-driven, AI-powered predictive analytics in meteorology is witnessing exponential growth.

The market expansion is driven by increasing demand for accurate climate predictions, the growing adoption of AI and big data analytics in weather forecasting, and the rising need for disaster management solutions. Governments and businesses are investing in cutting-edge weather prediction models to safeguard assets, ensure safety, and minimize disruptions in industries such as renewable energy, logistics, and aviation. Additionally, the integration of IoT-based weather monitoring devices has enhanced the efficiency of real-time forecasting, further accelerating market growth. However, high infrastructure costs, limited accessibility to advanced weather forecasting technologies in developing economies, and inconsistencies in predictive models pose challenges to widespread adoption.

From a regional perspective, North America leads the weather forecasting services market, driven by substantial investments in climate research, advanced satellite networks, and government initiatives for disaster preparedness. The United States, with agencies like NOAA (National Oceanic and Atmospheric Administration) and NASA, plays a pivotal role in global meteorological advancements. Europe follows closely, with the UK, Germany, and France investing in smart weather monitoring technologies for aviation, marine, and energy sectors. Meanwhile, Asia-Pacific is expected to be the fastest-growing region, fueled by rapid urbanization, rising climate unpredictability, and increasing investments in weather-based agricultural planning in countries like China, India, and Japan.

Major Market Players Included in This Report Are:

IBM Corporation
AccuWeather Inc.
The Weather Company (An IBM Business)
DTN LLC
The Climate Corporation
StormGeo
Vaisala
Fugro
Global Weather Corporation
Weathernews Inc.
Skymet Weather Services
MeteoGroup
Earth Networks
ENAV S.p.A
Spire Global Inc.

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Industry:

Insurance
Transport
Marine
Aviation
Oil & Gas
Retail
Agriculture
Energy
Construction

By Forecasting Type:

Nowcast
Short-Term Forecast
Medium-Term Forecast
Extended Forecast
Long-Term Forecast

By Purpose:

Safety & Disaster Management
Operational Efficiency
Revenue Optimization
Weather-Based Decision Making

By Organization:

Government Agencies
Private Weather Service Providers
Commercial Enterprises
Research Institutions

By Region:

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

Years Considered for the Study Are as Follows:

Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenue analysis and regional-level insights for each market segment.
Comprehensive geographic analysis with country-level market insights.
Competitive landscape analysis with a focus on major market players.
In-depth study of key business strategies and recommendations for future market approaches.
Assessment of the competitive structure of the industry.
Supply-side and demand-side analysis of market trends.

Chapter 1. Global Weather Forecasting Services Market Executive Summary

1.1. Global Weather Forecasting Services Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. {By Industry}
- 1.3.2. {By Forecasting Type}
- 1.3.3. {By Purpose}
- 1.3.4. {By Organization}
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Weather Forecasting Services Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Weather Forecasting Services Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for Accurate Climate Predictions
- 3.1.2. Adoption of AI and Big Data Analytics in Meteorology
- 3.1.3. Rising Investment in Disaster Management Solutions
3.2. Market Challenges
- 3.2.1. High Infrastructure Costs
- 3.2.2. Limited Accessibility to Advanced Technologies in Developing Economies
- 3.2.3. Inconsistencies in Predictive Models
3.3. Market Opportunities
- 3.3.1. Expansion in Renewable Energy and Logistics Sectors
- 3.3.2. Integration of IoT-Based Weather Monitoring Devices
- 3.3.3. Growing Government Initiatives for Disaster Preparedness

Chapter 4. Global Weather Forecasting Services Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Weather Forecasting Services Market Size & Forecasts by Industry 2022-2032

5.1. Segment Dashboard
5.2. Global Weather Forecasting Services Market: {Industry} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Insurance
- 5.2.2. Transport
- 5.2.3. Marine
- 5.2.4. Aviation
- 5.2.5. Oil & Gas
- 5.2.6. Retail
- 5.2.7. Agriculture
- 5.2.8. Energy
- 5.2.9. Construction

Chapter 6. Global Weather Forecasting Services Market Size & Forecasts by Forecasting Type 2022-2032

6.1. Segment Dashboard
6.2. Global Weather Forecasting Services Market: {Forecasting Type} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Nowcast
- 6.2.2. Short-Term Forecast
- 6.2.3. Medium-Term Forecast
- 6.2.4. Extended Forecast
- 6.2.5. Long-Term Forecast

Chapter 7. Global Weather Forecasting Services Market Size & Forecasts by Purpose 2022-2032

7.1. Segment Dashboard
7.2. Global Weather Forecasting Services Market: {Purpose} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Safety & Disaster Management
- 7.2.2. Operational Efficiency
- 7.2.3. Revenue Optimization
- 7.2.4. Weather-Based Decision Making

Chapter 8. Global Weather Forecasting Services Market Size & Forecasts by Organization 2022-2032

8.1. Segment Dashboard
8.2. Global Weather Forecasting Services Market: {Organization} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Government Agencies
- 8.2.2. Private Weather Service Providers
- 8.2.3. Commercial Enterprises
- 8.2.4. Research Institutions

Chapter 9. Global Weather Forecasting Services Market Size & Forecasts by Region 2022-2032

9.1. North America Weather Forecasting Services Market
- 9.1.1. U.S. Weather Forecasting Services Market
  - 9.1.1.1. {Industry} Breakdown Size & Forecasts, 2022-2032
  - 9.1.1.2. {Purpose} Breakdown Size & Forecasts, 2022-2032
- 9.1.2. Canada Weather Forecasting Services Market
9.2. Europe Weather Forecasting Services Market
- 9.2.1. UK Weather Forecasting Services Market
- 9.2.2. Germany Weather Forecasting Services Market
- 9.2.3. France Weather Forecasting Services Market
- 9.2.4. Spain Weather Forecasting Services Market
- 9.2.5. Italy Weather Forecasting Services Market
- 9.2.6. Rest of Europe Weather Forecasting Services Market
9.3. Asia-Pacific Weather Forecasting Services Market
- 9.3.1. China Weather Forecasting Services Market
- 9.3.2. India Weather Forecasting Services Market
- 9.3.3. Japan Weather Forecasting Services Market
- 9.3.4. Australia Weather Forecasting Services Market
- 9.3.5. South Korea Weather Forecasting Services Market
- 9.3.6. Rest of Asia-Pacific Weather Forecasting Services Market
9.4. Latin America Weather Forecasting Services Market
- 9.4.1. Brazil Weather Forecasting Services Market
- 9.4.2. Mexico Weather Forecasting Services Market
- 9.4.3. Rest of Latin America Weather Forecasting Services Market
9.5. Middle East & Africa Weather Forecasting Services Market
- 9.5.1. Saudi Arabia Weather Forecasting Services Market
- 9.5.2. South Africa Weather Forecasting Services Market
- 9.5.3. Rest of Middle East & Africa Weather Forecasting Services Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. IBM Corporation
- 10.1.2. AccuWeather Inc.
- 10.1.3. The Weather Company (An IBM Business)
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. IBM Corporation
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. AccuWeather Inc.
- 10.3.3. The Weather Company (An IBM Business)
- 10.3.4. DTN LLC
- 10.3.5. The Climate Corporation
- 10.3.6. StormGeo
- 10.3.7. Vaisala
- 10.3.8. Fugro
- 10.3.9. Global Weather Corporation
- 10.3.10. Weathernews Inc.
- 10.3.11. Skymet Weather Services
- 10.3.12. MeteoGroup
- 10.3.13. Earth Networks
- 10.3.14. ENAV S.p.A
- 10.3.15. Spire Global Inc.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes