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Weather Forecasting Services Market by Forecasting Type (Long-Range Forecasting, Medium-Range Forecasting, Short-Range Forecasting), Purpose (Operational Efficiency, Safety), End-User - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 197 Pages
SKU # IRE18452864

Description

Weather Forecasting Services Market by Forecasting Type (Long-Range Forecasting, Medium-Range Forecasting, Short-Range Forecasting), Purpose (Operational Efficiency, Safety), End-User - Global Forecast 2024-2030


The Weather Forecasting Services Market size was estimated at USD 2.70 billion in 2023 and expected to reach USD 3.00 billion in 2024, at a CAGR 11.53% to reach USD 5.80 billion by 2030.

Global Weather Forecasting Services Market

The global weather forecasting services market comprises businesses and organizations that provide predictive atmospheric data to diverse industries such as agriculture, aviation, and energy management, among others. Weather forecasting services include collecting and analyzing environmental data using computing technologies to provide correct insights to customers. The global weather forecasting services market is rapidly growing owing to the increasing reliance on accurate forecasts by the agricultural industry for operational optimization and safety. Further, the advent of customized forecasting solutions tailored specifically to meet specific industry weather forecasting requirements is generating a stronger outlook for the global weather forecasting services market. However, high initial investments for hardware upgrades and the inherently uncertain nature of weather forecasting raise challenges in achieving consistent growth. Besides the challenges, technological advancements, including artificial intelligence (AI), machine learning (ML), and remote sensing techniques, have significantly improved forecast accuracy over the years. Additionally, real-time monitoring through satellite imagery and IoT devices such as smart sensors and integrating big data analytics are expected to refine the predictive capabilities of weather forecasting services.

Regional Insights

The American weather forecasting services market is rapidly growing owing to advanced technology infrastructure, a well-established meteorological network, and strong government support. The United States has been a pioneer in weather forecasting since the early 20th century with institutions including the National Oceanic and Atmospheric Administration (NOAA), which operates sophisticated models to predict regional and global weather patterns. In recent years, private companies have emerged to provide specialized weather forecasting services that cater to specific industries such as aviation, shipping, energy production, agriculture, insurance, and outdoor events management, among others. Europe has witnessed significant growth in demand for accurate short-range forecasts that can be helpful in managing renewable energy sources such as wind farms and solar installations. The European Centre for Medium-Range Weather Forecasts (ECMWF) plays an integral role in providing reliable predictions used by governments and private sector entities. In the Middle East and Africa, accurate weather forecasting is essential for managing water resources and dealing with extreme climate conditions such as droughts and heat waves. The Asia-Pacific region is projected to witness the highest growth rate in the weather forecasting services market, attributed to rapid urbanization, industrial development, and increasing dependence on renewable energy sources. In countries including India and China, where agriculture remains a significant contributor to GDP, accurate weather services forecasts are vital in ensuring food security for millions of people.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Weather Forecasting Services Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Weather Forecasting Services Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Weather Forecasting Services Market, highlighting leading vendors and their innovative profiles. These include Aaizel International Technologies Private Limited, AccuWeather, Inc., Advanced Environmental Monitoring LLC, AerisWeather by Vaisala Oyj, Campbell Scientific, Inc., CoralComp Private Limited, CustomWeather, Inc., DTN, Inc., Earth Networks, Inc., ENAV S.p.A., Fugro, Infoplaza BV, Jupiter Intelligence, Inc., Meteo-Logic Ltd., METEOSIM SL, Precision Weather Services, Saildrone, Inc., Skymet Weather Services Pvt., Speedwell Weather Ltd., StormGeo AS, TempoQuest Inc., The Tomorrow Companies Inc., Weather Routing, Inc., and WeatherBELL Analytics LLC.

Market Segmentation & Coverage

This research report categorizes the Weather Forecasting Services Market to forecast the revenues and analyze trends in each of the following sub-markets:

Forecasting Type
Long-Range Forecasting
Medium-Range Forecasting
Short-Range Forecasting
Purpose
Operational Efficiency
Safety
End-User
Agriculture
Aviation
Banking Financial Services & Insurance
Energy & Utilities
Manufacturing
Media
Retail & Consumer Goods
Transportation
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Weather Forecasting Services Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Weather Forecasting Services Market?
3. What are the technology trends and regulatory frameworks in the Weather Forecasting Services Market?
4. What is the market share of the leading vendors in the Weather Forecasting Services Market?
5. Which modes and strategic moves are suitable for entering the Weather Forecasting Services Market?

Note: PDF & Excel + Online Access - 1 Year

Table of Contents

197 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Weather Forecasting Services Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing dependence of agriculture activities on accurate and reliable weather forecasts
5.1.1.2. Demand for customized forecasting solutions tailored specifically to meet specific industry requirements
5.1.1.3. Incorporation of weather forecasting services by transport and logistics sectors
5.1.2. Restraints
5.1.2.1. High initial investments associated with weather forecasting services
5.1.3. Opportunities
5.1.3.1. Integration of modern technologies in weather forecasting solutions
5.1.3.2. Continuous development of advanced computing systems for weather forecasting services
5.1.4. Challenges
5.1.4.1. Complexities and uncertainty associated with weather forecasting models
5.2. Market Segmentation Analysis
5.2.1. Forecasting Type: Higher demand for medium-range weather forecasts attributed to timely decision-making.
5.2.2. Purpose: Optimize operations while simultaneously saving lives and property during severe weather events.
5.2.3. End-User: Requirement of weather forecasting to meet the specific needs of agriculture and aviation industries to make informed decisions.
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Weather Forecasting Services Market, by Forecasting Type
6.1. Introduction
6.2. Long-Range Forecasting
6.3. Medium-Range Forecasting
6.4. Short-Range Forecasting
7. Weather Forecasting Services Market, by Purpose
7.1. Introduction
7.2. Operational Efficiency
7.3. Safety
8. Weather Forecasting Services Market, by End-User
8.1. Introduction
8.2. Agriculture
8.3. Aviation
8.4. Banking Financial Services & Insurance
8.5. Energy & Utilities
8.6. Manufacturing
8.7. Media
8.8. Retail & Consumer Goods
8.9. Transportation
9. Americas Weather Forecasting Services Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Weather Forecasting Services Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Weather Forecasting Services Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Merger & Acquisition
12.3.1.1. Francisco Partners to Acquire The Weather Company Assets from IBM
12.3.2. Agreement, Collaboration, & Partnership
12.3.2.1. MeteoSim to collaborate with Malawi Meteorological Services
12.3.3. New Product Launch & Enhancement
12.3.3.1. NOAA completes upgrade to weather and climate supercomputer system
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Aaizel International Technologies Private Limited
13.1.2. AccuWeather, Inc.
13.1.3. Advanced Environmental Monitoring LLC
13.1.4. AerisWeather by Vaisala Oyj
13.1.5. Campbell Scientific, Inc.
13.1.6. CoralComp Private Limited
13.1.7. CustomWeather, Inc.
13.1.8. DTN, Inc.
13.1.9. Earth Networks, Inc.
13.1.10. ENAV S.p.A.
13.1.11. Fugro
13.1.12. Infoplaza BV
13.1.13. Jupiter Intelligence, Inc.
13.1.14. Meteo-Logic Ltd.
13.1.15. METEOSIM SL
13.1.16. Precision Weather Services
13.1.17. Saildrone, Inc.
13.1.18. Skymet Weather Services Pvt.
13.1.19. Speedwell Weather Ltd.
13.1.20. StormGeo AS
13.1.21. TempoQuest Inc.
13.1.22. The Tomorrow Companies Inc.
13.1.23. Weather Routing, Inc.
13.1.24. WeatherBELL Analytics LLC
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. WEATHER FORECASTING SERVICES MARKET RESEARCH PROCESS
FIGURE 2. WEATHER FORECASTING SERVICES MARKET SIZE, 2023 VS 2030
FIGURE 3. WEATHER FORECASTING SERVICES MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. WEATHER FORECASTING SERVICES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. WEATHER FORECASTING SERVICES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. WEATHER FORECASTING SERVICES MARKET DYNAMICS
FIGURE 7. WEATHER FORECASTING SERVICES MARKET SIZE, BY FORECASTING TYPE, 2023 VS 2030 (%)
FIGURE 8. WEATHER FORECASTING SERVICES MARKET SIZE, BY FORECASTING TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. WEATHER FORECASTING SERVICES MARKET SIZE, BY PURPOSE, 2023 VS 2030 (%)
FIGURE 10. WEATHER FORECASTING SERVICES MARKET SIZE, BY PURPOSE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. WEATHER FORECASTING SERVICES MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 12. WEATHER FORECASTING SERVICES MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS WEATHER FORECASTING SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS WEATHER FORECASTING SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES WEATHER FORECASTING SERVICES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES WEATHER FORECASTING SERVICES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC WEATHER FORECASTING SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC WEATHER FORECASTING SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA WEATHER FORECASTING SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA WEATHER FORECASTING SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. WEATHER FORECASTING SERVICES MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. WEATHER FORECASTING SERVICES MARKET SHARE, BY KEY PLAYER, 2023

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