Weather Forecasting Systems Market Research Report - Forecast till 2028

Weather Forecasting Systems Market Research Report: Information by Solution (Hardware [Anemometers, Barometers, Rain Gauges, Hygrometers, Thermometers, Sounding Systems & Radiosondes, Communication & Data Loggers, Satellite Sensors, Sounding Systems & Radiosondes, Windvanes and Ceilometers] and Software [Weather Monitoring & Display Software, Data Collection & Processing Software, Supercomputing, Big Data Analytics and others]), Forecast Type (Nowcast, Short-Range, Medium-Range, Extended-Range and Long-Range), Application (Weather Observing Systems, Weather Satellites, Weather Drones, Weather Stations, Weather Balloons, Airborne LiDAR and others), Vertical (Aviation, Agriculture, Oil & Gas, Transportation & Logistics, Marine, Military, Renewable Energy, Meteorology, Weather Service Providers and others) - Forecast till 2028

ID: MRFR/A&D/8047-HCR | February 2021 | Region: Global | 168 pages

Weather Forecasting Systems Market Scenario


Weather Forecasting Systems Market is projected to reach USD 3,870 Million by 2028 and register a CAGR of 5.47%. Weather forecasting is the use of science and technology to predict conditions of the atmosphere for a specific location and period. It offers real-time updates about the weather that assists enterprises and governments in disaster management for ensuring sustainability, safety, security, and cost-efficiency.


Market Synopsis


The Weather Forecasting Systems Market is expected to register significant growth during the forecast period owing to factors such as increasing global warming and stringent government regulations pertaining to environmental protection. Furthermore, the growing air and sea transportation is also expected to drive the growth of the market. Additionally, the increasing product launches by companies such as IBM Corporation is also expected to drive the growth of the market. For example, in November 2019, IBM Corporation launched Global High-Resolution Atmospheric Forecasting System (GARF), a weather forecasting system that can forecast weather conditions up to 12 hours in advance. However, issues related to inaccuracy and false weather alarms are expected to hamper the growth of the market.


Market USP


Growing demand for accurate numerical weather prediction and increasing concern pertaining to safety and security is expected to drive the demand for weather forecasting systems.


Weather Forecasting Systems Market Drivers



  • Increasing global warming: rising emissions of greenhouse gases owing to rapid industrialization is leading to global warming, which is increasing the demand for weather forecasting systems.



  • Increasing stringent government regulations pertaining to environmental protection



  • Growing air and sea transportation


Market Restraints



  • Issues related to inaccuracy and false weather alarms

  • High capital investment


Weather Forecasting Systems Market Segmentation


By Solution



  • Hardware: The segment dominated the Weather Forecasting Systems Market during the review period owing to the rising demand for weather radars and stations. Furthermore, the growing demand for accurate weather data is expected to increase the demand for land-based and air-based weather systems.



  • Software: The segment is expected to grow with a higher CAGR during the forecast period, 2019 to 2028, owing to increasing collaborations between weather forecasting software providers and ride-sharing companies. For example, in February 2020, ClimaCell, Inc. signed a multi-year agreement with Uber Technologies, Inc. to integrate its ClimaCell’s Insights Dashboard into Uber’s platform. The agreement will enable Uber to offer accurate estimated arrival times (ETA) to drivers and riders while using the application.


By Forecast Type



  • Nowcast: The segment dominated the global Weather Forecasting Systems Market in 2019. Nowcast is a weather forecasting technique that issues forecast for a very short period of up to 6 hours.



  • Short-Range: Short-range is a weather forecasting technique that issues forecast for up to 72 hours.



  • Medium-Range: Medium-range issues forecast for 7 to 10 days and is used for agriculture and flood and water management. It helps in making small operational decisions for enterprises.



  • Extended-Range: Extended-range is a weather forecasting technique that issues forecast from 10 days and up to 30 days.



  • Long-Range: Long-range is a weather forecasting technique that issues forecast from 30 days and up to 2 years. The growing demand for weather forecasts for longer duration by weather-sensitive industries such as agriculture, aviation, and renewable energy is expected to drive the growth of the segment. Hence, the segment is expected to grow with the highest CAGR during the forecast period.


By Application



  • Weather Observing Systems: Automated Weather Observing System (AWOS) provides real-time data and reports on airport weather conditions. They are operated and maintained by the Federal Aviation Administration (FAA).



  • Weather Satellites: Increasing weather satellite launches by organizations such as NASA and ISRO for disaster management and climate monitoring is expected to drive the growth of the segment.



  • Weather Drones: The segment is expected to grow at the highest CAGR during the forecast period. Increasing the development of technologically advanced UAVs that assist in weather forecasting and monitoring is expected to drive the growth of the segment.



  • Weather Stations: The segment dominated the Weather Forecasting Systems Market in 2019. Weather stations offer numerous benefits such as data accuracy, real-time alerts, ease of maintenance, visual representation, and automatic calculation. Such benefits offered by weather stations to users is expected to drive the growth of the segment.



  • Weather Balloons: Weather balloons offer benefits such as low deployment cost is expected to drive the growth of the segment. However, limited flight range and requirement of helium might slow-down the segment growth.



  • Airborne LiDAR: The growing demand for airborne LiDAR by the aviation industry is expected to drive the growth of the segment.



  • Others: The others segment includes drifting buoys and digital weather stations.


By Vertical



  • Aviation: Increasing government regulations regarding passenger and crew safety is expected to drive the growth of the segment.



  • Agriculture: Increasing initiatives undertaken by government bodies to provide weather forecasting information to the farmers for enhanced crop yield is expected to drive the growth of the segment. For example, in July 2019, the Government of India signed an agreement with IBM Corporation to provide weather forecast at farm and village level using weather technology and Artificial Intelligence (AI).



  • Oil & Gas: Advanced weather forecasting solutions offered by companies such as MeteoGroup and MetraWeather assist oil & gas companies in understanding oceanic conditions to plan offshore drilling, deployment of equipment, and route planning.



  • Transportation & Logistics: The increasing development of vehicle telematics and autonomous cars is expected to increase the adoption of weather forecasting systems by the transportation & logistics industry. These systems offer enhanced safety and visibility to passengers by monitoring fog, humidity, wind speed, and precipitation.



  • Marine: The increasing development of connected ships and autonomous ships that support advanced weather forecasting systems is expected to drive the growth of the segment. Furthermore, the growing need to offer enhanced safety to the crew on marine vessels is also likely to drive the growth of the segment.



  • Military: The increasing adoption of weather forecasting systems by the US Air Force to offer enhanced safety to the military forces deployed in rough terrains is expected to drive the growth of the segment during the review period.



  • Renewable Energy: Weather forecasting systems offer benefits such as accuracy, improved scheduling that enables enterprises in managing and harvesting renewable energy.



  • Meteorology: The segment dominated the Weather Forecasting Systems Market in 2019. The need for meteorology for air traffic management services by the aviation industry is expected to drive the growth of the segment.



  • Weather Service Providers: The growing demand for real-time and accurate weather information is expected to increase the demand for weather service providers.



  • Others: The others segment includes banking, financial services, & insurance (BFSI), construction, and hospitality, mining, and sports.


By Region



  • North America: North America dominated the global weather forecasting systems market in 2019 due to the presence of prominent technology companies such as Honeywell International, Inc. and IBM Corporation.



  • Europe: The presence of prominent space agencies such as the European Space Agency is expected to drive the market growth in the region.



  • Asia-Pacific: The Weather Forecasting Systems Market in this region is projected to register the highest CAGR during the forecast period. The growing aviation industry in countries such as India is expected to increase the demand for weather forecasting systems in the region.



  • Middle East: Increasing investment by prominent airlines such as the Emirates Group in weather forecasting systems is expected to drive the market growth in the region.



  • Rest of the World: Extreme weather conditions in countries such as Brazil and Australia are expected to increase the demand for weather forecasting systems in the region.


Weather Forecasting Systems Market Key Players



  • Honeywell International, Inc. (US)

  • Vaisala (Finland)

  • IBM Corporation (US)

  • AccuWeather, Inc. (US)

  • MeteoGroup (UK)

  • Raytheon Company (US)

  • Sutron (US)

  • Campbell Scientific, Inc. (US)

  • Airmar Technology Corp (US)

  • MORCOM INTERNATIONAL, INC. (US)

  • Met One Instruments Inc. (US)


Other Prominent Players



  • Gill Instruments Limited (India)

  • Skye Instruments Limited (UK)

  • Hoskin Scientific (UK)

  • DTN (US)

  • Speedwell Weather Ltd (US)

  • Davis Instruments (US)

  • ENSCO, Inc. (US)

  • Columbia Weather Systems, Inc. (US)

  • Lockheed Martin Corporation (US)

  • Munro Instruments Limited (UK)

  • Understory (US)

  • SPIRE GLOBAL, INC (US)

  • Athenium Analytics (US)

  • TempoQuest (US)

  • UBIMET GmbH (Austria)

  • Universal Weather and Aviation, Inc. (US)

  • Weather Routing Inc. (US)

  • Cray Inc. (US)



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 3,870 Million (2028)
  CAGR   5.47% (2020-2028)
  Base Year   2019
  Forecast Period   2028
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Solution, Forecast Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Honeywell International, Inc. (US), Vaisala (Finland), IBM Corporation (US), AccuWeather, Inc. (US), MeteoGroup (UK), Raytheon Company (US), Sutron (US), Campbell Scientific, Inc. (US) Airmar Technology Corp (US), MORCOM INTERNATIONAL, INC. (US), Met One Instruments Inc. (US)
  Key Market Opportunities   Growing demand for accurate numerical weather prediction
  Key Market Drivers

  • Increasing global warming.
  • Increasing stringent government regulations pertaining to environmental protection.
  • Growing air and sea transportation


  • Frequently Asked Questions (FAQ) :


    Weather forecasting systems market can expand at 5.47% CAGR by 2028.

    By 2028, the Weather forecasting systems market can value USD 3,870 Mn.

    MeteoGroup (UK), IBM Corporation (US), and AccuWeather, Inc. (US) are some reputed names in the Weather forecasting systems market.

    Increase in military applications can promote the Weather forecasting systems market.

    High capital investment can restrain the Weather forecasting systems market expansion.