South East Asia and India Weather Forecast Market Size was valued at USD 0.2072 Billion in 2022. The Weather Forecast market industry is projected to grow USD 0.4415 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.30% during the forecast period (2023 - 2032). Ongoing meteorological advancements, heightened public concern about climate change, and an increasing demand for accurate weather reports, are the main market drivers anticipated to propel the weather forecast market in South East Asia and India.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
The increasing importance of possessing accurate weather forecasts is a key factor. There has been an upsurge in the need for weather forecasts because of the growing awareness of the effects of climate change on many industries, such as agriculture, energy, transportation, and disaster management. The tourist industry in India and Southeast Asia also uses weather predictions while organizing outdoor events, itineraries, and other tourism-related pursuits. The success of tourism firms is affected by weather predictions, which in turn affect travel decisions. Since funding the improvement of weather prediction systems, the market CAGR likely to profit from the weather forecasts service industry; the need for emergency medical services is anticipated to be driven by factors including an aging population and numerous chronic illnesses, which are anticipated to enhance the market expansion in the future years.
Furthermore, increased accuracy and timeliness in weather predictions for Southeast Asia and India are outcomes of technological developments such as data analytics, weather modeling, and the utilization of satellite data. The demand for is driven by a number of factors weather services in South East Asia and India. One is the growing capacity for better forecasts made possible by meteorological innovations. Additionally, there is growing public awareness of the significance of weather forecasts and the ease with which they can access this information through variouschannels, including online social and mobile apps. The weather forecasting industry is seeing a rise in the prevalence of public-private collaborations. Government meteorological organizations and private weather service companies work together to improve forecasts by utilizing resources, knowledge, and technology and growing the demand for weather forecasting in South East Asia and India in the coming years. For example, DTN announced its new WeatherFactor API. This tool will assist freight merchants in bettering their pre-trip planning and predicting risks associated with voyage duration and more maritime data APIs for the shipping industry to come. Therefore, the market is expanding due to consumers' increasing demand for weather forecast services. Thus, driving the Weather Forecast market revenue.
The South East Asia and India weather forecast market segmentation, based on type, includes short, medium, and long-range forecasting. The short-range forecasting segment dominated the market mostly. Transportation system management relies heavily on short-range forecasts. Weather predictions are essential for many industries, including agriculture, shipping, and ground transportation. Long-range forecasts help airlines and shippers prepare for bad weather, while short-range forecasts help farmers plan their crops. They can plan planting, harvesting, and other agricultural tasks more effectively when they know what the weather will likely be like in the coming days.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
The South East Asia and India weather forecast market segmentation, based on application, includes aviation, media and consumer, energy & utilities, transportation, BFSI, agriculture, marine, and others. The aviation category generated the most income because airline route optimization and weather forecasts aid planning. Accurate weather forecasts are crucial for guaranteeing aircraft safety, and avoiding bad weather can assist in reducing flight cancellations, saving money on fuel, and improving overall operational efficiency. For pilots to make educated judgments and safely manage difficult weather conditions, up-to-the-minute weather reports covering swirling, severe thunderstorms, icing, and limited visibility are essential. The aviation industry is expanding on weather forecasting because of accidents of accurate weather information in Southeast Asia and India.
The weather forecasting industry and technical developments have rapidly expanded in the South East Asia and India. Many industries in Southeast Asia and India depend on reliable weather predictions, including farming, transport, tourism, and disaster management, because of the region's varied topography and geographical positioning. Possessing accurate and up-to-date weather forecasts for Southeast Asia and India allows people and companies to better prepare for the future and avoid problems. Additionally, with the rise of internet platforms and smartphone apps, more people can access weather reports. Many people in this region anticipate the daily weather updates and long-term forecasts these tools provide to drive increased demand for weather forecasting services in Southeast Asia and India in the coming years.
Leading market players are investing heavily in research and development to expand their product lines, which will help the weather forecast market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the weather forecast industry must offer cost-effective items.
Major players in the Weather Forecast market are attempting to increase market demand by investing in research and development operations, including Skymet, StormGeo, IBM, Fugro, DTN (MeteoGroup), BKC WeatherSys, Offshore Weather Services, Farmneed AgriBusiness, CoralComp, and Aaizel Tech.
For Instance, December 2022: StormGeo, a subsidiary of Alfa Laval and a leading provider of weather information and decision-support solutions for the maritime sector introduced a new Carbon Intensity Indicator (CII) Simulator.
For Instance, July 2022: SailGP is the world's best sail racing tournament, and AccuWeather has announced an official partnership with them. SailGP has chosen AccuWeather as its official weather provider because of the trust and reliability it provides to event organizers and elite racing teams.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.2072 Billion |
| Market Size 2032 | USD 0.4415 Billion |
| Compound Annual Growth Rate (CAGR) | 7.30% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Countries Covered | South East Asia and India |
| Key Companies Profiled | Skymet, StormGeo, IBM, Fugro, DTN (MeteoGroup), BKC WeatherSys, Offshore Weather Services, Farmneed AgriBusiness, CoralComp, and Aaizel Tech |
| Key Market Opportunities | The implementation of cutting-edge techniques for weather prediction  The extensive utilization of mobile phones |
| Key Market Dynamics | Raising awareness  Rising worries about climate change  Improvements in weather technology |
Frequently Asked Questions (FAQ) :
The South East Asia and India weather forecast market size was valued at USD 0.2072 Billion in 2022.
The market is projected to grow at a CAGR of 7.30% during the forecast period, 2023-2032.
The key players in the market are Skymet, StormGeo, IBM, Fugro, DTN (MeteoGroup), BKC WeatherSys, Offshore Weather Services, Farmneed AgriBusiness, CoralComp, and Aaizel Tech.
The short-range forecasting category dominated the market in 2022.
The aviation category had the largest share of the market.
Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
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