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The Global Weather Forecasting Market 2019-2027: Short Range Segment, with a 31.25% Market Share, is Anticipated to Have Largest Share by the End of 2027 - ResearchAndMarkets.com

May 3, 2019

DUBLIN--(BUSINESS WIRE)--May 3, 2019--The “Weather Forecasting Market (Updated)” report has been added to ResearchAndMarkets.com’s offering.

The global weather forecasting systems market reached USD 3,461.69 Million in 2018 and is expected to reach USD 5,483.08 Million by the end of 2027, expanding at a CAGR of 5.29% over the forecast period i.e. 2019-2027. Moreover, the growth of weather forecasting systems market is attributed to the increasing incidence of natural disasters in the world and rising climatic changes.

North America is slated to account for a leading share of 40.70% in the terms of revenue by 2027 in the weather forecasting systems market. North America weather forecasting systems market reached USD 1,408.90 Million in 2018 and is expected to reach USD 2,259.03 Million by the end of 2027, expanding at a CAGR of 5.43% over the forecast period i.e. 2019-2027. Further, the market of North America weather forecasting systems is anticipated to achieve a Y-o-Y growth rate of 5.74% in 2027 as compared to the previous year.

In addition to this, U.S. weather forecasting systems market was held at USD 1,176.43 Million in 2018 and is anticipated to reach USD 1,895.32 Million by the end of 2027. U.S. weather forecasting systems market accounted for a market share of 23.1% in 2018 and further, is expected to increase to a market share of 83.90% by the end of 2027. U.S. weather forecasting systems market is expected to achieve Y-o-Y growth rate of 5.80% in 2027 as compared to previous year.

Asia Pacific is expected to showcase substantial growth over the forecast period i.e. 2019-2027 by registering a CAGR of 5.89% over the forecast period. Further, the market is expected to account for USD 1,200.80 Million by 2027 from USD 720.03 Million in 2018.

The global weather forecasting systems market is segmented on the basis of component into software and hardware. Hardware weather forecasting systems (73.72% share in 2018) occupies the largest market of weather forecasting systems across the globe. Further, global hardware weather forecasting systems market is anticipated to reach USD 4,005.95 Million by the end of 2027 from USD 2,551.81 Million in 2018.

In addition to this, global weather forecasting systems market is segmented into Component, system type, transmission and end user. The transmission segment is further segmented into nowcast, short range, medium range, extended range and long range, out of which, short range segment with 31.25% market share is anticipated to have largest share by the end of 2027. Further, global short range weather forecasting systems market is anticipated to reach USD 1,754.48 Million by the end of 2027 from USD 1,081.90 Million in 2018. In addition to this, global short range weather forecasting systems market is expected to achieve Y-o-Y growth rate of 5.88% in 2027 as compared to previous year.

End User segment is further segmented into commercial and military out of which, commercial segment with 77.67% share is anticipated to have the largest share by 2027. Additionally, commercial segment accounted for USD 2,688.54 Million in 2018 and is forecasted to reach USD 4,297.83 Million by the end of 2027

Key Topics Covered

1. Introduction

1.1. Market Definition

1.2. Market Segmentation

1.3. Product Overview

2. Assumptions and Acronyms

3. Research Methodology

4. Executive Summary-Global Weather Forecasting Systems Market

5. Analyst’s Recommendation

6. Policy and Regulatory Landscape

7. Industry Analysis

7.1. Porter’s Five Forces Model

8. Market Dynamics

8.1. Drivers

8.2. Restraints

8.3. Trends

8.4. Opportunities

9. Weather Forecasting Systems -Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Global Weather Forecasting Systems Market Outlook

10.1. Market Size and Forecast, 2018-2027

10.1.1. By Value (USD Million)

10.1.1.1. Y-o-Y Growth (%), 2019-2027

10.2. Market Share and Forecast, 2018-2027

10.2.1. By Component

10.2.1.1. Weather Forecasting Systems Market Share (%), By Component (2018, 2027F)

10.2.1.1.1. Software, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.1.1. Data Collection & Processing Software, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.1.2. Weather Monitoring & Display Software, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.1.3. Other, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2. Hardware, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2.1. Equipment, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2.1.1. Barometer, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2.1.2. Anemometer, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2.1.3. Hygrometer, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2.1.4. Rain Gauge, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2.1.5. Thermometer, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2.1.6. Radiometer, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2.1.7. Scatterometer, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2.1.8. Spectrometer, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2.1.9. Other, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2.2. Communication & Data loggers, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2.3. Sounding Systems & Radiosondes, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2.4. Weather Antennas, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.1.2.5. Other, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.1.2. Market Attractiveness Analysis, By Component

10.2.1.3. Market Contribution and BPS Analysis, 2018 & 2027, By Component

10.2.2. By System Type

10.2.2.1. Weather Forecasting Systems Market Share (%), By System Type (2018, 2027F)

10.2.2.1.1. Satellite-based Systems, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.2.1.2. Ground-based Systems, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.2.1.2.1. Weather Radar, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.2.1.2.2. Weather Station, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.2.1.2.3. Lighting Detection Systems, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.2.1.3. Airborne Systems, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.2.1.3.1. Weather Balloons, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.2.1.3.2. Weather Drones, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.2.1.3.3. Airborne LiDars, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.2.2. Market Attractiveness Analysis, By System Type

10.2.2.3. Market Contribution and BPS Analysis, 2018 & 2027, By System Type

10.2.3. By End User

10.2.3.1. Weather Forecasting Systems Market Share (%), By End User (2018, 2027F)

10.2.3.1.1. Commercial, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.3.1.1.1. Agriculture, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.3.1.1.2. Aviation, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.3.1.1.3. Transportation & Logistics, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.3.1.1.4. Energy & Power, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.3.1.1.5. Marine, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.3.1.1.6. Meteorology, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.3.1.1.7. Hydrology, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.3.1.1.8. Insurance, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.3.1.1.9. Mining, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.3.1.1.10. Construction, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.3.1.1.11. Other, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.3.1.2. Military, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.3.2. Market Attractiveness Analysis, By End User

10.2.3.3. Market Contribution and BPS Analysis, 2018 & 2027, By End User

10.2.4. By Transmission

10.2.4.1. Weather Forecasting Systems Market Share (%), By Transmission (2018, 2027F)

10.2.4.1.1. Nowcast, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.4.1.2. Short Range 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.4.1.3. Medium Range, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.4.1.4. Extended Range. 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.4.1.5. Long Range,2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027

10.2.4.2. Market Attractiveness Analysis, By Transmission

10.2.4.3. Market Contribution and BPS Analysis, 2018 & 2027, By Transmission

10.2.5. By Region

10.2.5.1. Weather Forecasting Systems Market Share (%), By Region (2018,2027F)

10.2.5.1.1. North America

10.2.5.1.2. Europe

10.2.5.1.3. Asia Pacific

10.2.5.1.4. Latin America

10.2.5.1.5. Middle East and Africa

11. North America Weather Forecasting Systems Market Outlook

12. Europe Weather Forecasting Systems Market Outlook

13. Asia Pacific Weather Forecasting Systems Market Outlook

14. Latin America Weather Forecasting Systems Market Outlook

15. Middle East and Africa Weather Forecasting Systems Market Outlook

16. Competitive Landscape

16.1. Competitive Positioning of Major Players in Global Weather Forecasting Systems Market

16.2. Company Profiles

16.2.1. Vaisala

16.2.1.1. Company Overview

16.2.1.2. Business Strategy

16.2.1.2.1. Growth Expansion Strategy

16.2.1.2.2. Distribution Channel Strategy

16.2.1.2.3. Product Strategy

16.2.1.3. Key Product Offerings

16.2.1.4. Financial Performance

16.2.1.5. Key Performance Indicators

16.2.1.6. Risk Analysis

16.2.1.7. Recent Development

16.2.1.8. Regional Presence

16.2.1.9. SWOT Analysis

16.3.2. Skye Instruments

16.3.3. G. Lufft Mess- und Regeltechnik GmbH

16.3.4. Columbia Weather Systems

16.3.5. Morcom International

16.3.6. All Weather, Inc.

16.3.7. Liquid Robotics Inc.

16.3.8. Airmar Technology Corp.

16.3.9. Campbell Scientific Inc.

16.3.10. Sutron Corporation

16.3.11. OTT HydroMet GMBH

16.3.12. MicroStep-MIS

16.3.13. Zephir Ltd.

16.3.14. METER Group, Inc.

16.3.15. Gill Instruments Limited.

16.3.16. Bristol Industrial & Research Associates Ltd.

16.3.17. Selex ES GmbH

16.3.18. Iteris, Inc.

16.3.19. Adolf Thies GmbH & Co. KG

16.3.20. MeteoGroup

For more information about this report visit https://www.researchandmarkets.com/r/utthu9

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE SATELLITE ENVIRONMENT

SOURCE: Research and Markets

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PUB: 05/03/2019 07:19 AM/DISC: 05/03/2019 07:18 AM

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