Research Nester has recently announced new market demand assessment research titled “Weather Forecasting System / Equipment / Device Market – Global Demand Analysis & Opportunity Outlook 2023”. The market study provides a granular data and in-depth analysis on the current and future market situations that are crucial for the existing & new players in the market. The industry research is based on key factors like demand & supply analysis, commercial activities, research investments, pricing analysis, government initiatives & guidelines, driving forces in the market, roadblocks and segmentation based on the product viability.
The global weather forecasting system market is envisioned to escalate from USD 1.5 Billion in 2015 to reach USD 2.2 Billion in 2021, registering a compound annual growth rate (CAGR) of 7.0%. At present, North America holds the top rank in global weather forecasting systems market followed by Europe.
Asia-Pacific weather forecasting system market is anticipated to witness the highest compound annual growth rate (CAGR) of 7.5% over the forecast period i.e. 2015-2021. The market in the region is likely to thrive from rapid growth in transportation in some of the major countries such as India and China. In addition to that, dependency on rainfall for an agrarian economy i.e. India is also believed to soar the demand of an efficient weather forecasting system in Asia-Pacific region in coming 4-5 years.
Expansion of the global weather forecasting system market is expected to get sparked from some of the major factors including increase in travel via air and sea, growing safety concerns, and unpredictability in rainfall.
In addition to that, strengthening economy of some of the developing economies is also anticipated to augment the growth of global weather forecasting system market in future.
Analysis By Product Type
Based on equipment, the global weather forecasting systems market is segmented into anemometer, hygrometer, barometer, sling psychrometer, thermometer, rain gauge and weather balloons.
Demand By System Type
Based on system type, the global weather forecasting system market is segmented into weather radar, weather satellite systems, sounding systems, weather station and radiosondes.
Global weather forecasting system market is very competitive and includes some of the top players such as Campbell Scientific, Inc., Vaisala Oyj, Airmar Technology Corporation, Columbia Weather Systems, Morcom International, Inc., All Weather, Inc., Inc., Thales S.A., etc.
Demand in Countries Studied:
- North America (United States / U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia, Poland, Rest of Eastern Europe)
- Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
- Rest of World
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