PUBLISHER: Meticulous Research | PRODUCT CODE: 1518429
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518429
Weather Monitoring Systems Market by Component (Solutions, Services), Monitoring Type (Temperature Monitoring, Humidity Monitoring, Air Quality), End-use Industry (Agriculture, Aerospace), and Geography-Global Forecast to 2031.
The research report titled 'Weather Monitoring Systems Market by Component (Solutions, Services), Monitoring Type (Temperature Monitoring, Humidity Monitoring, Air Quality), End-use Industry (Agriculture, Aerospace), and Geography-Global Forecast to 2031' provides an in-depth analysis of global weather monitoring systems 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 monitoring systems market is projected to reach $4.8 billion by 2031, at a CAGR of 6.2% from 2024 to 2031.
The growth of the weather monitoring systems market is driven by rapid weather fluctuations, climate change, the rising demand for weather forecasting services in the agriculture industry, and the increased need for continuous weather monitoring to enable disaster management. However, the increasing functional issues in sensors and the high cost associated with weather monitoring solutions may restrain the growth of this market.
Furthermore, the increasing adoption of sensors for weather monitoring and the emergence of advanced technologies are expected to generate growth opportunities for the stakeholders in this market. However, integration issues of monitoring systems with other maintenance systems is a major challenge impacting the growth of the weather monitoring systems market.
The weather monitoring systems market is segmented by component (solutions (hardware (multi-weather sensors, temperature & humidity sensors, road weather sensors, wind speed & quality sensors, water quality, level and flow sensors, sunlight & UV sensors, lightning sensors, atmospheric pressure sensors, precipitation sensors), software), services), range type (short-range, long-range), monitoring type (temperature monitoring, humidity monitoring, air quality, pressure monitoring, other monitoring types), end-use industry (agriculture, transportation (aviation, marine, road transportation), media & telecommunication, government, marine, other end-use industries). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on component, the weather monitoring systems market is segmented into solutions and services. In 2024, the solutions segment is expected to account for the larger share of the global weather monitoring systems market. The large market share of this segment is attributed to the increasing demand for weather monitoring solutions to provide accurate data in any weather condition. Moreover, this segment is also projected to register the highest CAGR during the forecast period.
Based on range type, the weather monitoring systems market is segmented into short-range and long-range. In 2024, the short-range segment is expected to account for the larger share of the global weather monitoring systems market. The large market share of this segment is attributed to the increasing demand for weather monitoring solutions to provide highly accurate information such as air quality, temperature, humidity, and wind speed in case of adverse weather conditions to reduce the damage. Moreover, this segment is also projected to register the highest CAGR during the forecast period.
Based on monitoring type, the weather monitoring systems market is segmented into temperature monitoring, humidity monitoring, air quality, pressure monitoring, and other monitoring types. In 2024, the temperature monitoring segment is expected to account for the largest share of the global weather monitoring systems market. The large market share of this segment is attributed to the increasing adoption of sensors to take temperature readings and monitor weather conditions.
However, the air quality segment is projected to register the highest CAGR during the forecast period. The segment's growth is driven by the increasing need to monitor air quality to collect data on air pollution in the outdoor environment.
Based on end-use industry, the weather monitoring systems market is segmented into agriculture, transportation, media & telecommunication, government, renewable energy, and other end-use industries. In 2024, the transportation segment is expected to account for the largest share of the global weather monitoring systems market. The large market share of this segment is attributed to the increasing need for weather analysis and forecasting services for the transportation industry. Moreover, this segment is also projected to register the highest CAGR during the forecast period.
Based on geography, the weather monitoring systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global weather monitoring systems market. Asia-Pacific's large market share is attributed to the increasing demand for advanced weather monitoring sensors and data services for the aviation industry in the region and the frequent climate changes that lead to a high risk of natural disasters in the region. This increases the need for weather monitoring systems to forecast weather conditions. Moreover, this region is also projected to register the highest CAGR during the forecast period.
The key players operating in the weather monitoring systems market are Vaisala (Finland), Baron Services, Inc. (U.S.), Aeron Systems Private Limited (India), Earth Networks (U.S.), Boltek Lightning Detection Systems (Canada), Trafitek Solutions Private Ltd. (India), Campbell Scientific, Inc. (U.S.), Columbia Weather Systems, Inc. (U.S.), AnythingWeather Communications, Inc. (U.S.), Hoskin Scientific (Canada), Airmar Technology Corporation (U.S.), Intermountain Environmental Inc. (U.S.), Free Spirits Green Labs Private Limited (India), MORCOM International (U.S.), and Davis Instruments (U.S.).
Weather Monitoring Systems Market Assessment-by Component
Weather Monitoring Systems Market Assessment-by Range Type
Weather Monitoring Systems Market Assessment-by Monitoring Type
Weather Monitoring Systems Market Assessment-by End-use Industry
Weather Monitoring Systems Market Assessment-by Geography
12 Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)