Weather Forecasting Systems Market by Forecast Type, Solution, Technology, Application, End-Use Industries

List of Tables

The Weather Forecasting Systems Market was valued at USD 2.27 billion in 2023, expected to reach USD 2.41 billion in 2024, and is projected to grow at a CAGR of 6.51%, to USD 3.53 billion by 2030.

The scope of the weather forecasting systems market is vast and involves multiple dimensions such as data collection, data analysis, prediction, and dissemination of information. It is crucial for sectors including agriculture, aviation, marine, energy, and disaster management. Weather forecasts aid in planning and optimization activities, essential for reducing potential losses and enhancing productivity. The necessity arises from an increasing demand for precise and real-time data due to climate change and the rise of extreme weather events. Applications vary from short-term weather forecasting used in public weather services and the military to extended forecasts for climate monitoring. In terms of end-use, governments, businesses, and individual consumers benefit from these systems. Key growth influencers include advancements in technology such as AI and machine learning, which are enhancing predictive accuracy, as well as the growing deployment of IoT devices for extensive data collection. Opportunities lie in the development of user-friendly apps and expansion into emerging markets with untapped potential. Recommendations include investing in big data analytics, and sensor technology, and forming strategic partnerships with tech firms to innovate. However, the market faces limitations like high operational costs, data privacy concerns, and the complexity of integrating diverse data sources. Another challenge is the inherent unpredictability of weather, which can limit forecast accuracy. Innovations are critical in enhancing predictive models and reducing latency in data processing. Efforts should be concentrated on developing cost-effective, scalable, and reliable systems. Furthermore, research in climate modeling and improved data assimilation techniques presents lucrative areas for growth. The nature of this market is dynamic and competitive, driven by technological advancements and regulatory requirements, dictating a steady demand for innovation to adapt to evolving consumer expectations and environmental challenges.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.27 billion
Estimated Year [2024]	USD 2.41 billion
Forecast Year [2030]	USD 3.53 billion
CAGR (%)	6.51%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Weather Forecasting Systems Market

The Weather Forecasting Systems Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising climate change patterns resulting in uncertainties related to rain
- Increasing need for continuous weather monitoring to enable disaster management
- Increasing computing capabilities of supercomputer for weather forecasting
Market Restraints
- Concerns regarding inaccurate weather predictions
Market Opportunities
- Increasing use of big data analytics in weather forecasting
- Incorporation of high-end radars and satellites in weather monitoring
Market Challenges
- Complex weather forecasting processes and models

Porter's Five Forces: A Strategic Tool for Navigating the Weather Forecasting Systems Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Weather Forecasting Systems Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Weather Forecasting Systems Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Weather Forecasting Systems Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Weather Forecasting Systems Market

A detailed market share analysis in the Weather Forecasting Systems Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Weather Forecasting Systems Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Weather Forecasting Systems Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Weather Forecasting Systems Market

A strategic analysis of the Weather Forecasting Systems Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Weather Forecasting Systems Market, highlighting leading vendors and their innovative profiles. These include Afimilk, All Weather, Inc., AWT Instruments, Campbell Scientific, Inc., Columbia Weather Systems, Inc., Davis Instruments, Delta-T Devices Ltd, Dyacon, Inc., Environdata Weather Stations Pty Ltd, EWR Weather Radar, Gill Instruments, Hydreon Corporation, Isspro Inc., Kestrel Weather & Environmental Meters, LI-COR Biosciences, Met One Instruments, Inc., Meteomatics group, Morcom International, Inc., Netatmo, Pulsonic, Skye Instruments Ltd., SWIFT Weather, Tornadic Ops LLC, Vaisala Group, and WeatherFlow Network.

Market Segmentation & Coverage

This research report categorizes the Weather Forecasting Systems Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Forecast Type, market is studied across Extended-Range, Long-Range, Medium-Range, and Short-Range.
Based on Solution, market is studied across Hardware and Software. The Hardware is further studied across Anemometers, Barometers, Communication & Data Loggers, Hygrometers, Rain Gauges, Satellite Sensors, Sounding Systems & Radiosondes, Thermometers, and Weather Radars. The Software is further studied across Big Data Analytics, Data Collection & Processing Software, Supercomputing, and Weather Monitoring & Display Software.
Based on Technology, market is studied across Automatic Weather Stations (AWS), Enabled IoT Weather Devices, Geostationary Satellite Systems, Numerical Weather Prediction (NWP), Polar Orbiting Satellite Systems, and Weather Radars.
Based on Application, market is studied across Airborne Lidar, Weather Balloons, Weather Drones, Weather Observing Systems, Weather Satellites, and Weather Stations.
Based on End-Use Industries, market is studied across Agriculture, Aviation, Marine, Meteorology, Military, Oil & Gas, Renewable Energy, Transportation & Logistics, and Weather Service Providers.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-4357C061B7A0

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising climate change patterns resulting in uncertainties related to rain
  - 5.1.1.2. Increasing need for continuous weather monitoring to enable disaster management
  - 5.1.1.3. Increasing computing capabilities of supercomputer for weather forecasting
- 5.1.2. Restraints
  - 5.1.2.1. Concerns regarding inaccurate weather predictions
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing use of big data analytics in weather forecasting
  - 5.1.3.2. Incorporation of high-end radars and satellites in weather monitoring
- 5.1.4. Challenges
  - 5.1.4.1. Complex weather forecasting processes and models
5.2. Market Segmentation Analysis
- 5.2.1. Forecast Type: Emerging use of long-range forecasts due to insurance risk assessments and strategic agricultural planning

5.2.2. Application: Rising demand for airborne Lidar due to the meteorological models, tracking climate change, and supporting disaster management

5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Weather Forecasting Systems Market, by Forecast Type

6.1. Introduction
6.2. Extended-Range
6.3. Long-Range
6.4. Medium-Range
6.5. Short-Range

7. Weather Forecasting Systems Market, by Solution

7.1. Introduction
7.2. Hardware
- 7.2.1. Anemometers
- 7.2.2. Barometers
- 7.2.3. Communication & Data Loggers
- 7.2.4. Hygrometers
- 7.2.5. Rain Gauges
- 7.2.6. Satellite Sensors
- 7.2.7. Sounding Systems & Radiosondes
- 7.2.8. Thermometers
- 7.2.9. Weather Radars
7.3. Software
- 7.3.1. Big Data Analytics
- 7.3.2. Data Collection & Processing Software
- 7.3.3. Supercomputing
- 7.3.4. Weather Monitoring & Display Software

8. Weather Forecasting Systems Market, by Technology

8.1. Introduction
8.2. Automatic Weather Stations (AWS)
8.3. Enabled IoT Weather Devices
8.4. Geostationary Satellite Systems
8.5. Numerical Weather Prediction (NWP)
8.6. Polar Orbiting Satellite Systems
8.7. Weather Radars

9. Weather Forecasting Systems Market, by Application

9.1. Introduction
9.2. Airborne Lidar
9.3. Weather Balloons
9.4. Weather Drones
9.5. Weather Observing Systems
9.6. Weather Satellites
9.7. Weather Stations

10. Weather Forecasting Systems Market, by End-Use Industries

10.1. Introduction
10.2. Agriculture
10.3. Aviation
10.4. Marine
10.5. Meteorology
10.6. Military
10.7. Oil & Gas
10.8. Renewable Energy
10.9. Transportation & Logistics
10.10. Weather Service Providers

11. Americas Weather Forecasting Systems Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Weather Forecasting Systems Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Weather Forecasting Systems Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. WindBorne Systems secures USD 15 million in Series A funding to advance weather forecasts with balloon expansion and AI innovation aimed at mitigating climate change impacts.
- 14.3.2. Climavision launched AI-powered weather software to increase efficiency and accuracy in renewables, aiming to reduce costs and to enhance grid performance
- 14.3.3. NOAA partners with Meteomatics, GrandSKY, and Synoptic Data PBC to enhance weather forecasting with high-resolution atmospheric data collected by Meteodrones
14.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Afimilk
2. All Weather, Inc.
3. AWT Instruments
4. Campbell Scientific, Inc.
5. Columbia Weather Systems, Inc.
6. Davis Instruments
7. Delta-T Devices Ltd
8. Dyacon, Inc.
9. Environdata Weather Stations Pty Ltd
10. EWR Weather Radar
11. Gill Instruments
12. Hydreon Corporation
13. Isspro Inc.
14. Kestrel Weather & Environmental Meters
15. LI-COR Biosciences
16. Met One Instruments, Inc.
17. Meteomatics group
18. Morcom International, Inc.
19. Netatmo
20. Pulsonic
21. Skye Instruments Ltd.
22. SWIFT Weather
23. Tornadic Ops LLC
24. Vaisala Group
25. WeatherFlow Network