Weather Forecasting Services Market, by Range (Short Range, Medium Range, Long Range), Type (Onshore, Offshore) and End-Use Industry (Agriculture, Government & Public Sector, Transportation, Energy & Utilities), and Geography-Global Forecast to 2030

Description

List of Tables

Weather Forecasting Services Market by Range (Short Range, Medium Range, Long Range), Type (Onshore, Offshore) and End-Use Industry (Agriculture, Government & Public Sector, Transportation, Energy & Utilities), and Geography-Global Forecast to 2031.

The research report titled 'Weather Forecasting Services Market by Range (Short Range, Medium Range, Long Range), Type (Onshore, Offshore) and End-use Industry (Agriculture, Government & Public Sector, Transportation, Energy & Utilities), and Geography-Global Forecast to 2031' provides an in-depth analysis of global weather forecasting services market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.

The global weather forecasting services market is projected to reach $3.9 billion by 2031, at a CAGR of 7.4% from 2024 to 2031.

The growth of the weather forecasting services market is driven by the rising need for weather forecasting services in the agriculture industry, increasing demand for streamlined operations across various verticals, including mining and construction, and rapid weather fluctuations. However, the high costs of weather forecasting services may restrain the growth of this market.

Furthermore, the advanced technologies in weather forecasting services such as big data analytics, miniaturization, and IoT; increasing prevalence of weather data in businesses to improve their analytical capabilities; increasing use of satellites and radars, and growth in the renewable energy sector are expected to generate growth opportunities for the stakeholders in this market. However, the lack of standardization in weather forecasting models is a major challenge impacting the growth of the market.

The weather forecasting services market is segmented by range (short range, medium range, long range), type (onshore weather forecasting services, offshore weather forecasting services), end-use industry (agriculture, government & public sector, transportation (aviation, marine, road transportation), energy & utilities, media & entertainment broadcast, other industries). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on range, the weather forecasting services market is segmented into short range, medium range, and long range. In 2024, the short range segment is expected to account for the largest share of the weather forecasting services market. The need to receive highly accurate information about rainfall, heat & cold wave conditions, thunders, and storms, and adverse weather conditions in advance to reduce damages is driving the market growth. However, the medium range segment is projected to register the highest CAGR during the forecast period.

Based on type, the weather forecasting services market is segmented into offshore weather forecasting services and onshore weather forecasting services. In 2024, the offshore weather forecasting services segment is expected to account for a larger share of the market. This segment is also projected to register the highest CAGR during the forecast period. This segment's large market share and growth are attributed to efficient day-to-day planning and informed decision-making for offshore operations, the surge in demand for planning weather-sensitive operations in advance to ensure safe, efficient operations, and enormous savings on total operating costs. In addition, offshore weather forecasting services provide consultation to find the best solutions for projects and real-time forecasts with delivery methods to suit requirements and operations.

Based on end-use industry, the weather forecasting services market is segmented into agriculture, government & public sector, transportation, energy & utilities, media & entertainment broadcast, and other end-use industries. In 2024, the transportation segment is expected to account for the largest share of the weather forecasting services market. The large market share of this segment is attributed to the increasing need for weather analysis and forecasting services, the rising adoption of sensors for temperature readings and forecast weather conditions, and the growing demand for weather forecasting services for gathering weather data to enhance flight safety and increase trade traffic. However, the media & entertainment segment is projected to register the highest CAGR during the forecast period.

Based on geography, the weather forecasting services market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the market. The large share of this regional market is attributed to the presence of major players such as The Weather Company (U.S.) and DTN (U.S.), rising investments in weather forecasting technologies to better understand climate change, the growing adoption of weather forecasting services among militaries and Navy sectors in the U.S. for oceanic and atmospheric forecasting. However, Asia-Pacific is projected to register the highest CAGR during the forecast period.

The key players operating in the weather forecasting services market are AccuWeather, Inc. (U.S.), Fugro N.V. (Netherlands), Met Office (U.K.), Precision Weather (U.S.), StormGeo AS (Norway), The Tomorrow Companies Inc. (U.S.), The Weather Company (U.S.), DTN, LLC. (U.S.), Earth Networks, Inc. (U.S.), Jupiter Intelligence, Inc (U.S.), Weather Intelligence Pty Ltd. (Australia), Skymet Weather Services Pvt. Ltd. (India), Spire Global, Inc. (U.S.), BMT Group (U.K.), Understory (U.S.), EarthCast Technologies, LP (U.S.), PlanetiQ (U.S.), Planalytics, Inc. (U.S.), Kachelmann GmbH (U.S.), and Saildrone, Inc. (U.S.).

Key Questions Answered in the Report:

What are the high-growth market segments in terms of range, type, and end-use industry?
What is the historical market size for the weather forecasting services market?
What are the market forecasts and estimates for 2024-2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the weather forecasting services market?
Who are the major players in the weather forecasting services market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the weather forecasting services market?
What are the different strategies adopted by major market players?
What are the trends and high-growth countries?
Who are the local emerging players in the weather forecasting services market, and how do they compete with other players?

Scope of the Report:

Weather Forecasting Services Market Assessment-by Range

Short Range
Medium Range
Long Range

Weather Forecasting Services Market Assessment-by Type

Onshore Weather Forecasting Services
Offshore Weather Forecasting Services

Weather Forecasting Services Market Assessment-by End-use Industry

Agriculture
Government & Public Sector
Transportation
- Aviation
- Marine
- Road Transportation
Energy & Utilities
Media & Entertainment Broadcast
Other End-use Industries

Weather Forecasting Services Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- Denmark
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- South Korea
- Australia & New Zealand
- Singapore
- Malaysia
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- UAE
- Israel
- Saudi Arabia
- Rest of Middle East & Africa

Product Code: MRSE - 104765

1. Introduction

1.1 Market Definition
1.2 Market Ecosystem
1.3 Currency and Limitations
1.4 Key Stakeholders

2. Research Methodology

2.1 Research Process
2.2 Data Collection & Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
2.3 Market Assessment
- 2.3.1 Market Size Estimation
  - 2.3.1.1 Bottom-up Approach
  - 2.3.1.2 Top-down Approach
  - 2.3.1.3 Growth Forecast
2.4 Assumptions for the Study

3. Executive Summary

4. Impact of COVID-19 on the Global Weather Forecasting Services Market

5. Market Insights

5.1 Introduction
5.2 Weather Forecasting Services Market Drivers: Impact Analysis (2024-2030)
- 5.2.1 Rising Need for Weather Forecasting Services in the Agriculture Industry
- 5.2.2 Increasing Demand for Streamlined Operations Across Various Verticals, Including Mining and Construction
- 5.2.3 Rapid Weather Fluctuations
5.3 Weather Forecasting Services Market Restraints: Impact Analysis (2024-2030)
- 5.3.1 High Cost of Weather Forecasting Services
5.4 Weather Forecasting Services Market Opportunities: Impact Analysis (2024-2030)
- 5.4.1 Advanced Technologies in Weather Forecasting Services
5.5 Weather Forecasting Services Market Challenges: Impact Analysis (2024-2030)
- 5.5.1 Lack of Standardization in Weather Forecasting Models
5.6 Case Studies
- 5.6.1 Agriculture
- 5.6.2 Government & Public Sector
- 5.6.3 Transportation
- 5.6.4 Energy & Utilities
- 5.6.5 Media & Entertainment, Broadcast
- 5.6.6 Other Industries
5.7 Value Chain Analysis

6. Global Weather Forecasting Services Market, by Range

6.1 Introduction
6.2 Short Range
6.3 Medium Range
6.4 Long Range

7. Global Weather Forecasting Services Market, by Type

7.1 Introduction
7.2 Onshore Weather Forecasting Services
7.3 Offshore Weather Forecasting Services

8. Global Weather Forecasting Services Market, by End-use Industry

8.1 Introduction
8.2 Agriculture
8.3 Government & Public Sector
8.4 Transportation
- 8.4.1 Aviation
- 8.4.2 Marine
- 8.4.3 Road Transportation
8.5 Energy & Utilities
8.6 Media & Entertainment Broadcast
8.7 Other Industries

9. Weather Forecasting Services Market, by Geography

9.1 Introduction
9.2 Asia-Pacific
- 9.2.1 China
- 9.2.2 Japan
- 9.2.3 India
- 9.2.4 Australia & New Zealand
- 9.2.5 South Korea
- 9.2.6 Singapore
- 9.2.7 Malaysia
- 9.2.8 Rest of Asia-Pacific
9.3 Europe
- 9.3.1 Germany
- 9.3.2 U.K.
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Sweden
- 9.3.7 Denmark
- 9.3.8 Rest of Europe
9.4 North America
- 9.4.1 U.S.
- 9.4.2 Canada
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6. Middle East & Africa
- 9.6.1 UAE
- 9.6.2 Israel
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of Middle East & Africa

10. Competitive Landscape

10.1 Introduction
10.2 Key Growth Strategies
- 10.2.1 Market Differentiators
- 10.2.2 Synergy Analysis: Major Deals & Strategic Alliances
10.3 Competitive Dashboard
- 10.3.1 Industry Leaders
- 10.3.2 Market Differentiators
- 10.3.3 Vanguards
- 10.3.4 Emerging Companies
10.4 Vendor Market Positioning
10.5 Market Share Analysis (2022)

11. Company Profiles

11.1 AccuWeather, Inc.
11.2 Fugro N.V.
11.3 Met Office
11.4 Precision Weather
11.5 StormGeo AS
11.6 The Tomorrow Companies Inc.
11.7 The Weather Company
11.8 DTN, LLC.
11.9 Earth Networks, Inc.
11.10 Jupiter Intelligence, Inc
11.11 Weather Intelligence Pty Ltd.
11.12 Skymet Weather Services Pvt. Ltd.
11.13 Spire Global, Inc.
11.14 BMT Group
11.15 Understory
11.16 EarthCast Technologies, LP
11.17 PlanetiQ
11.18 Planalytics, Inc.
11.19 Kachelmann GmbH
11.20 Saildrone, Inc.

12. Appendix

12.1 Questionnaire
12.2 Available Customization