Weather Forecasting Services Market
Description
The global weather forecasting services market size was valued at USD 2.5 Billion in 2025. Looking forward, IMARC Group estimates the market to reach USD 4.7 Billion by 2034, exhibiting a CAGR of 7.17% from 2026-2034. North America currently dominates the market, holding a market share of over 28.9% in 2025. The growth of the North American region is driven by advanced technology adoption, increasing climate variability, strong government investments, and rising demand for accurate weather data across key industries.
With the rapid expansion of renewable energy sources like solar and wind power, weather forecasts are critical for predicting energy production. Accurate data helps optimize power generation, grid balancing, and supply-demand management in the renewable energy sector. Moreover, innovations in artificial intelligence (AI), machine learning (ML), Internet of Things (IoT)-enabled sensors, and satellite technologies are significantly improving the accuracy and speed of weather predictions. Advanced satellite systems, radar technologies, and cloud-based platforms are improving forecast accuracy, real-time delivery, and coverage, enabling industries to make more informed decisions quickly. Besides this, governing bodies, disaster management agencies, and humanitarian organizations are prioritizing the development of early warning systems to reduce damage caused by natural calamities. Timely and reliable weather forecasts play a crucial role in planning evacuations, safeguarding infrastructure, and protecting human lives.
The United States plays a crucial role in the market, driven by increasing public and private investments in modern weather monitoring systems, satellites, and research initiatives, which is accelerating the development of advanced forecasting solutions. Furthermore, the increasing frequency and intensity of extreme weather events such as hurricanes, floods, droughts, and wildfires are driving the need for accurate and timely weather forecasts. Governments and businesses rely on these services to minimize economic and human losses while ensuring better preparedness. In 2024, the National Weather Service (NWS) launched the National Water Prediction Service, an advanced online tool for predicting floods up to 10 days in advance. It features dynamic, interactive maps and hydrographs, enhancing water safety decisions. Real-time flood inundation maps for the United States are expected by October 2026.
Weather Forecasting Services Market Trends:
Increasing Frequency of Extreme Weather Events
Rising cases of extreme weather conditions, such as hurricanes, floods, droughts, and wildfires, are major drivers for the weather forecasting services market demand. Climate change has exacerbated the severity and unpredictability of these events, making accurate and timely weather forecasting indispensable for disaster preparedness and response. For instance, National Oceanic and Atmospheric Administration (NOAA) revealed a surge in billion-dollar weather-related disasters in recent years; among them were 18 distinct weather and climate-related events that took place in the United States in 2022 and had a cost of over USD 1 Billion. Similarly, the Centre for Science and Environment (CSE) India reports that 2024 saw extreme weather events on as many as 93 percent of the days from January through September—255 out of 274 days—tied to heat and cold waves, cyclones, lightning, heavy rain, floods, and landslides. Governments, emergency services, and private organizations depend on forecasting services for mitigating the economic and human effects of these events through early warnings and informed decision-making. Advanced weather forecasting solutions have therefore gained more importance because of growing awareness of climate risks.
Technological Advancements
Technological advancement, especially in meteorological instruments, satellite systems, and data analytics, is supporting the weather forecasting services market growth. Improved computational models, powered by artificial intelligence and machine learning, have made weather predictions more accurate and reliable. Industry reports indicate that in 2023, 40% of weather forecasts were fine-tuned using AI algorithms, and 35 meteorological agencies used machine learning models. With big data analytics processing over 2.5 quintillion bytes daily, the predictions become more accurate and specific. For example, supercomputers can now process large amounts of atmospheric data to predict the weather with high accuracy. Additionally, geospatial analytics and remote sensing technologies allow real-time monitoring of weather patterns and their eventual prediction; hence, extreme weather phenomena can be predicted better than before. These are groundbreaking for industries such as agriculture, aviation, and energy that would require accurate prediction of weather events to operate better.
Growing Demand Across Key Industries
The most contributing industries are agriculture, transportation, energy, and insurance, all of which depend heavily on exact weather data. In the agricultural industry, for example, farmers would need correct weather forecasts for planting, irrigation, and harvesting so as to optimize the yield. According to the American Farm Bureau Federation, revised crop and rangeland damage estimates for 2023 put total losses from significant natural disasters at more than USD 21.94 Billion, which comprises 23.6% of NOAA's total economic impact estimate. Of that sum, nearly USD 12 billion in losses were covered by existing RMA programs through February 2024. Aviation and shipping companies require forecast services to ensure improved safety and efficiency in operations as they experience adverse weather. The wind and solar renewable energy industries depend on weather information for levels of their energy generation potential. The insurance companies use the forecasts to calculate and then offset risk exposure due to natural occurrences. Increasingly, the need for incorporating weather information in the business operations of companies makes it important across all types of sectors. The growing reliance on accurate weather data across industries such as agriculture, transportation, energy, and insurance are significantly contributing to the expanding weather forecasting services market size, highlighting the critical role of weather forecasts in mitigating risks and optimizing operations.
Weather Forecasting Services Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global weather forecasting services market, along with forecast at the global, regional, and country levels from 2026-2034. The market has been categorized based on forecasting type, purpose, organization size, and end user.
Analysis by Forecasting Type:
Analysis by Purpose:
Safety focuses on preventing damage and ensuring public and operational safety during extreme weather events. Industries like aviation, maritime, and disaster management rely on forecasts to plan for potential disruptions, reducing risks to human life and assets. Airlines use forecasts to avoid hazardous conditions like storms and turbulence, ensuring passenger safety. Disaster management agencies depend on real-time weather warnings to prepare for events such as hurricanes, floods, and wildfires, enabling timely evacuations and mitigation measures. Similarly, offshore industries like oil and gas prioritize accurate forecasts to protect employees and infrastructure from harsh weather conditions, ensuring safe operations.
Others include specialized and niche applications of weather forecasting services, such as event planning, insurance, and environmental monitoring. Event organizers rely on forecasts to ensure smooth execution of outdoor events, concerts, and sports activities. Insurance companies use weather data to assess and predict risks associated with extreme weather, aiding in claims processing and policy adjustments.
Analysis by Organization Size:
Analysis by End User:
Aviation employes weather forecasting for flight planning, route optimization, and passenger safety. Forecasts for wind speed, turbulence, storms, and lightning enable airlines to reroute flights and avoid risks. Airports rely on live weather information to coordinate take-offs, landings, and on-ground activities.
Weather forecasting is critical for energy and utility companies, particularly those in renewable energy sectors. Solar and wind energy producers depend on forecasts to predict power generation and balance supply with demand. Utility providers use weather data to prepare for outages caused by extreme weather events, ensuring uninterrupted service.
Banking, financial services, and insurance (BFSI) leverages weather forecasting to assess risk, manage insurance claims, and design weather-based financial products. Insurance companies rely on forecasts to predict losses from extreme weather, streamline claims processing, and adjust policies.
Agriculture heavily depends on weather forecasting for crop planning, irrigation, and harvest management. Accurate forecasts of rainfall, temperature, and storms help farmers optimize their activities, improving yields and reducing crop losses. Weather data aids in pest control and resource allocation, ensuring efficient farm management.
Media uses weather forecasting services to provide accurate and real-time updates to the public. Television, radio, and digital platforms deliver daily forecasts, severe weather warnings, and climate trends, ensuring audiences are informed and prepared. Weather updates drive engagement and viewership, while businesses rely on media-provided forecasts for day-to-day planning and safety measures.
Manufacturing uses weather forecasting to manage supply chain operations and production schedules. Accurate weather data ensures raw material deliveries are not disrupted by adverse conditions. Temperature and humidity forecasts are critical for industries like chemicals, food processing, and electronics, where environmental factors impact product quality.
Retail depends on weather forecasts to manage inventory, plan marketing campaigns, and meet user demand. Seasonal and real-time weather predictions help retailers stock weather-specific products, such as winter clothing or rain gear. Forecasting also aids in supply chain management, ensuring timely deliveries and preventing stockouts.
Others include sectors like tourism, event planning, construction, and environmental monitoring. The tourism industry relies on weather data to enhance visitor experiences, while construction companies use forecasts to schedule projects and protect equipment from adverse weather.
Regional Analysis:
Key Regional Takeaways:
United States Weather Forecasting Services Market Analysis
In North America, the United States accounted for 86.80% of the total market share. The growing economic and human toll of extreme weather events contributes substantially to the growth in the United States weather forecasting services market. Based on the data presented by NOAA, from 1980 to 2022, the damages incurred by only tropical cyclones amount to USD 1,333.6 billion with an average cost per event being USD 22.2 Billion, the highest from any type of disaster. Other major causes of the damage are severe storms (USD 383.7 Billion), droughts (USD 327.7 Billion), and inland flooding (USD 177.9 Billion). Severe storms, although with the least average cost per event with USD 2.4 Billion, have been experienced the most with USD 163 Billion events. Besides, tropical cyclones record the highest number of deaths: 6,890 while drought/heatwaves with 4,275 fatalities and severe storms with 1,982. These alarming statistics highlight the urgent need for accurate and timely weather forecasting services to reduce losses and improve preparedness. Federal agencies, businesses, and emergency response teams are increasingly seeking advanced forecasting technologies to provide early warnings, reduce fatalities, and minimize economic losses associated with these frequent and high-cost weather events.
Europe Weather Forecasting Services Market Analysis
Europe weather forecasting services market is witnessing significant growth. Climate change is leading to the higher intensity and occurrences of weather-related natural catastrophes. As EEA pointed out, the summer of 2024 marked the most sizzling for Europe and the entire globe, creating significant ecological and social disturbances. Above 370,000 hectares of forest have been razed by fires during the first nine months of this year. In addition, Central Europe experienced severe flooding in September, affecting nearly two million people, and floods in Valencia in October killed 230 people and destroyed thousands of homes and businesses.
Europe is experiencing an increasing number of extreme weather events such as droughts, forest fires, heatwaves, storms, and heavy rainfall. These are hazards that are enhanced by climate change and will only become more frequent and severe in the coming years. This is why demand for weather forecasting services has risen drastically with governments, businesses, and communities increasingly depending on these to help reduce risks, build preparedness in disasters, and protect lives and resources. Such an increasing demand for weather data reliability makes a leading reason for the expansion of the market for weather forecasting services in Europe.
Asia Pacific Weather Forecasting Services Market Analysis
The Asia-Pacific weather forecasting services market is growing at an excellent rate due to increasingly frequent and intense extreme heat events and other climate events across the region. Recently, the World Meteorological Organization pointed out that in 2023, many parts of Asia experienced unprecedented heatwaves with such urgency that required accurate and reliable forecasts. Japan had its warmest summer ever, while China faced 14 high-temperature events during the summer with a total of 70 percent of national meteorological stations having reported temperatures above 40℃. In addition, 16 stations set new all-time records.
In India, an estimated 110 fatalities by heatstroke resulted from heatwaves in April and June, 2024, indicating how seriously these extreme weather events have the human and economic impacts. These increasing heat events, coupled with the more general impacts of climate change, have brought to the fore the critical role that weather forecasting services play in disaster preparedness, risk mitigation, and the saving of lives and livelihoods. As a result, governments, industries, and communities in the Asia-Pacific region are increasingly looking to advanced weather forecasting solutions to help address these challenges, thus driving market growth.
Latin America Weather Forecasting Services Market Analysis
There is significant growth in Latin America weather forecasting services as frequent and intense climatic hazard events intensify. The World Meteorological Organization reported that there were the most extreme climate events that Latin America and the Caribbean had ever registered in 2023. Hurricane Otis was one of those, gaining strength rapidly ahead of landfall as an extremely catastrophic Category 5 storm in Acapulco, Mexico. Dozens were killed by the torrential rains while billions were lost in damages in dollars.
Widespread flooding also occurred in other parts of the region, and the severe drought was able to lower the flow of the Negro River of Brazil's Amazon to its lowest in more than 120 years, causing significant disruption in local economies and affecting shipments through the Panama Canal. Such events highlight the immense requirement for proper and prompt weather forecasting services to combat the social and economic fallout in extreme weather.
Rising demand for forecasting solutions in Latin America indicates a growing dependence on such services by governments, industries, and communities in enhancing preparedness for disasters, protecting infrastructure, and livelihoods. This increased focus on climate resilience is going to lead to significant growth in the weather forecasting services market in the region.
Middle East and Africa Weather Forecasting Services Market Analysis
The Middle East and Africa weather forecasting services market is growing rapidly due to the increasing need for accurate weather predictions in aviation safety, disaster preparedness, and climate resilience. In the UAE, over 100 airport weather monitoring stations operate 24/7, issuing forecasts and warnings for adverse conditions like heavy winds, rain, and turbulence. These systems are crucial for guiding pilots during take-offs and landings, ensuring operational efficiency and passenger safety.
Additional sophistication in techniques involves AI-based simulations which enhance the forecasting with more reliability in atmospheric activities and a historical database of storms that can be considered for appropriate preparation and reduction of damages caused by these storms. Extreme climate events increase urgency for weather service. This period, between June 11–13, 2024, recorded an unprecedented heatwave with over 290 million persons affected in Northern Africa, the Mediterranean, and the Middle East. This event, made significantly more likely due to human-induced climate change, underlines the critical role of precise forecasting in managing risks, protecting lives, and reducing economic disruptions. These factors are driving the adoption of advanced weather forecasting solutions across the Middle East and Africa.
Competitive Landscape:
Key players in the market are focusing on technological advancements to improve forecast accuracy and delivery speed. They are investing in AI, ML, and big data analytics to enhance predictive capabilities. Strategic collaborations with industries such as agriculture, aviation, and energy are expanding their service portfolios. Companies are also prioritizing cloud-based solutions and real-time weather updates to meet growing demand. To maintain competitiveness, they are integrating IoT-enabled sensors and satellite technologies for data collection and analysis. Additionally, increasing investments in research operations are helping to address climate variability and improve risk management solutions. In June 2023, AccuWeather, Inc. launched the AccuWeather HeatWave Counter and Severity Index, an innovative measure to enhance public understanding of heatwaves. This index brings forth the intensity and length of heatwaves while making severe heatwaves clear, giving individuals and organizations ample opportunity for preparation and response in advance of extreme heat events.
The report provides a comprehensive analysis of the competitive landscape in the weather forecasting services market with detailed profiles of all major companies, including:
1.What are weather forecasting services?
2.How big is the weather forecasting services market?
3.What is the expected growth rate of the global weather forecasting services market during 2026-2034?
4.What are the key factors driving the global weather forecasting services market?
5.What is the leading segment of the global weather forecasting services market based on forecasting type?
6.What is the leading segment of the global weather forecasting services market based on organization size?
7.What are the key regions in the global weather forecasting services market?
8.Who are the key players/companies in the global weather forecasting services market?
With the rapid expansion of renewable energy sources like solar and wind power, weather forecasts are critical for predicting energy production. Accurate data helps optimize power generation, grid balancing, and supply-demand management in the renewable energy sector. Moreover, innovations in artificial intelligence (AI), machine learning (ML), Internet of Things (IoT)-enabled sensors, and satellite technologies are significantly improving the accuracy and speed of weather predictions. Advanced satellite systems, radar technologies, and cloud-based platforms are improving forecast accuracy, real-time delivery, and coverage, enabling industries to make more informed decisions quickly. Besides this, governing bodies, disaster management agencies, and humanitarian organizations are prioritizing the development of early warning systems to reduce damage caused by natural calamities. Timely and reliable weather forecasts play a crucial role in planning evacuations, safeguarding infrastructure, and protecting human lives.
The United States plays a crucial role in the market, driven by increasing public and private investments in modern weather monitoring systems, satellites, and research initiatives, which is accelerating the development of advanced forecasting solutions. Furthermore, the increasing frequency and intensity of extreme weather events such as hurricanes, floods, droughts, and wildfires are driving the need for accurate and timely weather forecasts. Governments and businesses rely on these services to minimize economic and human losses while ensuring better preparedness. In 2024, the National Weather Service (NWS) launched the National Water Prediction Service, an advanced online tool for predicting floods up to 10 days in advance. It features dynamic, interactive maps and hydrographs, enhancing water safety decisions. Real-time flood inundation maps for the United States are expected by October 2026.
Weather Forecasting Services Market Trends:
Increasing Frequency of Extreme Weather Events
Rising cases of extreme weather conditions, such as hurricanes, floods, droughts, and wildfires, are major drivers for the weather forecasting services market demand. Climate change has exacerbated the severity and unpredictability of these events, making accurate and timely weather forecasting indispensable for disaster preparedness and response. For instance, National Oceanic and Atmospheric Administration (NOAA) revealed a surge in billion-dollar weather-related disasters in recent years; among them were 18 distinct weather and climate-related events that took place in the United States in 2022 and had a cost of over USD 1 Billion. Similarly, the Centre for Science and Environment (CSE) India reports that 2024 saw extreme weather events on as many as 93 percent of the days from January through September—255 out of 274 days—tied to heat and cold waves, cyclones, lightning, heavy rain, floods, and landslides. Governments, emergency services, and private organizations depend on forecasting services for mitigating the economic and human effects of these events through early warnings and informed decision-making. Advanced weather forecasting solutions have therefore gained more importance because of growing awareness of climate risks.
Technological Advancements
Technological advancement, especially in meteorological instruments, satellite systems, and data analytics, is supporting the weather forecasting services market growth. Improved computational models, powered by artificial intelligence and machine learning, have made weather predictions more accurate and reliable. Industry reports indicate that in 2023, 40% of weather forecasts were fine-tuned using AI algorithms, and 35 meteorological agencies used machine learning models. With big data analytics processing over 2.5 quintillion bytes daily, the predictions become more accurate and specific. For example, supercomputers can now process large amounts of atmospheric data to predict the weather with high accuracy. Additionally, geospatial analytics and remote sensing technologies allow real-time monitoring of weather patterns and their eventual prediction; hence, extreme weather phenomena can be predicted better than before. These are groundbreaking for industries such as agriculture, aviation, and energy that would require accurate prediction of weather events to operate better.
Growing Demand Across Key Industries
The most contributing industries are agriculture, transportation, energy, and insurance, all of which depend heavily on exact weather data. In the agricultural industry, for example, farmers would need correct weather forecasts for planting, irrigation, and harvesting so as to optimize the yield. According to the American Farm Bureau Federation, revised crop and rangeland damage estimates for 2023 put total losses from significant natural disasters at more than USD 21.94 Billion, which comprises 23.6% of NOAA's total economic impact estimate. Of that sum, nearly USD 12 billion in losses were covered by existing RMA programs through February 2024. Aviation and shipping companies require forecast services to ensure improved safety and efficiency in operations as they experience adverse weather. The wind and solar renewable energy industries depend on weather information for levels of their energy generation potential. The insurance companies use the forecasts to calculate and then offset risk exposure due to natural occurrences. Increasingly, the need for incorporating weather information in the business operations of companies makes it important across all types of sectors. The growing reliance on accurate weather data across industries such as agriculture, transportation, energy, and insurance are significantly contributing to the expanding weather forecasting services market size, highlighting the critical role of weather forecasts in mitigating risks and optimizing operations.
Weather Forecasting Services Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global weather forecasting services market, along with forecast at the global, regional, and country levels from 2026-2034. The market has been categorized based on forecasting type, purpose, organization size, and end user.
Analysis by Forecasting Type:
- Short-range Forecasting
- Medium-range Forecasting
- Long-range Forecasting
Analysis by Purpose:
- Operational Efficiency
- Safety
- Others
Safety focuses on preventing damage and ensuring public and operational safety during extreme weather events. Industries like aviation, maritime, and disaster management rely on forecasts to plan for potential disruptions, reducing risks to human life and assets. Airlines use forecasts to avoid hazardous conditions like storms and turbulence, ensuring passenger safety. Disaster management agencies depend on real-time weather warnings to prepare for events such as hurricanes, floods, and wildfires, enabling timely evacuations and mitigation measures. Similarly, offshore industries like oil and gas prioritize accurate forecasts to protect employees and infrastructure from harsh weather conditions, ensuring safe operations.
Others include specialized and niche applications of weather forecasting services, such as event planning, insurance, and environmental monitoring. Event organizers rely on forecasts to ensure smooth execution of outdoor events, concerts, and sports activities. Insurance companies use weather data to assess and predict risks associated with extreme weather, aiding in claims processing and policy adjustments.
Analysis by Organization Size:
- Large Enterprises
- Small and Medium-Sized Enterprises
Analysis by End User:
- Transportation
- Aviation
- Energy and Utilities
- Banking, Financial Services and Insurance (BFSI)
- Agriculture
- Media
- Manufacturing
- Retail
- Others
Aviation employes weather forecasting for flight planning, route optimization, and passenger safety. Forecasts for wind speed, turbulence, storms, and lightning enable airlines to reroute flights and avoid risks. Airports rely on live weather information to coordinate take-offs, landings, and on-ground activities.
Weather forecasting is critical for energy and utility companies, particularly those in renewable energy sectors. Solar and wind energy producers depend on forecasts to predict power generation and balance supply with demand. Utility providers use weather data to prepare for outages caused by extreme weather events, ensuring uninterrupted service.
Banking, financial services, and insurance (BFSI) leverages weather forecasting to assess risk, manage insurance claims, and design weather-based financial products. Insurance companies rely on forecasts to predict losses from extreme weather, streamline claims processing, and adjust policies.
Agriculture heavily depends on weather forecasting for crop planning, irrigation, and harvest management. Accurate forecasts of rainfall, temperature, and storms help farmers optimize their activities, improving yields and reducing crop losses. Weather data aids in pest control and resource allocation, ensuring efficient farm management.
Media uses weather forecasting services to provide accurate and real-time updates to the public. Television, radio, and digital platforms deliver daily forecasts, severe weather warnings, and climate trends, ensuring audiences are informed and prepared. Weather updates drive engagement and viewership, while businesses rely on media-provided forecasts for day-to-day planning and safety measures.
Manufacturing uses weather forecasting to manage supply chain operations and production schedules. Accurate weather data ensures raw material deliveries are not disrupted by adverse conditions. Temperature and humidity forecasts are critical for industries like chemicals, food processing, and electronics, where environmental factors impact product quality.
Retail depends on weather forecasts to manage inventory, plan marketing campaigns, and meet user demand. Seasonal and real-time weather predictions help retailers stock weather-specific products, such as winter clothing or rain gear. Forecasting also aids in supply chain management, ensuring timely deliveries and preventing stockouts.
Others include sectors like tourism, event planning, construction, and environmental monitoring. The tourism industry relies on weather data to enhance visitor experiences, while construction companies use forecasts to schedule projects and protect equipment from adverse weather.
Regional Analysis:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key Regional Takeaways:
United States Weather Forecasting Services Market Analysis
In North America, the United States accounted for 86.80% of the total market share. The growing economic and human toll of extreme weather events contributes substantially to the growth in the United States weather forecasting services market. Based on the data presented by NOAA, from 1980 to 2022, the damages incurred by only tropical cyclones amount to USD 1,333.6 billion with an average cost per event being USD 22.2 Billion, the highest from any type of disaster. Other major causes of the damage are severe storms (USD 383.7 Billion), droughts (USD 327.7 Billion), and inland flooding (USD 177.9 Billion). Severe storms, although with the least average cost per event with USD 2.4 Billion, have been experienced the most with USD 163 Billion events. Besides, tropical cyclones record the highest number of deaths: 6,890 while drought/heatwaves with 4,275 fatalities and severe storms with 1,982. These alarming statistics highlight the urgent need for accurate and timely weather forecasting services to reduce losses and improve preparedness. Federal agencies, businesses, and emergency response teams are increasingly seeking advanced forecasting technologies to provide early warnings, reduce fatalities, and minimize economic losses associated with these frequent and high-cost weather events.
Europe Weather Forecasting Services Market Analysis
Europe weather forecasting services market is witnessing significant growth. Climate change is leading to the higher intensity and occurrences of weather-related natural catastrophes. As EEA pointed out, the summer of 2024 marked the most sizzling for Europe and the entire globe, creating significant ecological and social disturbances. Above 370,000 hectares of forest have been razed by fires during the first nine months of this year. In addition, Central Europe experienced severe flooding in September, affecting nearly two million people, and floods in Valencia in October killed 230 people and destroyed thousands of homes and businesses.
Europe is experiencing an increasing number of extreme weather events such as droughts, forest fires, heatwaves, storms, and heavy rainfall. These are hazards that are enhanced by climate change and will only become more frequent and severe in the coming years. This is why demand for weather forecasting services has risen drastically with governments, businesses, and communities increasingly depending on these to help reduce risks, build preparedness in disasters, and protect lives and resources. Such an increasing demand for weather data reliability makes a leading reason for the expansion of the market for weather forecasting services in Europe.
Asia Pacific Weather Forecasting Services Market Analysis
The Asia-Pacific weather forecasting services market is growing at an excellent rate due to increasingly frequent and intense extreme heat events and other climate events across the region. Recently, the World Meteorological Organization pointed out that in 2023, many parts of Asia experienced unprecedented heatwaves with such urgency that required accurate and reliable forecasts. Japan had its warmest summer ever, while China faced 14 high-temperature events during the summer with a total of 70 percent of national meteorological stations having reported temperatures above 40℃. In addition, 16 stations set new all-time records.
In India, an estimated 110 fatalities by heatstroke resulted from heatwaves in April and June, 2024, indicating how seriously these extreme weather events have the human and economic impacts. These increasing heat events, coupled with the more general impacts of climate change, have brought to the fore the critical role that weather forecasting services play in disaster preparedness, risk mitigation, and the saving of lives and livelihoods. As a result, governments, industries, and communities in the Asia-Pacific region are increasingly looking to advanced weather forecasting solutions to help address these challenges, thus driving market growth.
Latin America Weather Forecasting Services Market Analysis
There is significant growth in Latin America weather forecasting services as frequent and intense climatic hazard events intensify. The World Meteorological Organization reported that there were the most extreme climate events that Latin America and the Caribbean had ever registered in 2023. Hurricane Otis was one of those, gaining strength rapidly ahead of landfall as an extremely catastrophic Category 5 storm in Acapulco, Mexico. Dozens were killed by the torrential rains while billions were lost in damages in dollars.
Widespread flooding also occurred in other parts of the region, and the severe drought was able to lower the flow of the Negro River of Brazil's Amazon to its lowest in more than 120 years, causing significant disruption in local economies and affecting shipments through the Panama Canal. Such events highlight the immense requirement for proper and prompt weather forecasting services to combat the social and economic fallout in extreme weather.
Rising demand for forecasting solutions in Latin America indicates a growing dependence on such services by governments, industries, and communities in enhancing preparedness for disasters, protecting infrastructure, and livelihoods. This increased focus on climate resilience is going to lead to significant growth in the weather forecasting services market in the region.
Middle East and Africa Weather Forecasting Services Market Analysis
The Middle East and Africa weather forecasting services market is growing rapidly due to the increasing need for accurate weather predictions in aviation safety, disaster preparedness, and climate resilience. In the UAE, over 100 airport weather monitoring stations operate 24/7, issuing forecasts and warnings for adverse conditions like heavy winds, rain, and turbulence. These systems are crucial for guiding pilots during take-offs and landings, ensuring operational efficiency and passenger safety.
Additional sophistication in techniques involves AI-based simulations which enhance the forecasting with more reliability in atmospheric activities and a historical database of storms that can be considered for appropriate preparation and reduction of damages caused by these storms. Extreme climate events increase urgency for weather service. This period, between June 11–13, 2024, recorded an unprecedented heatwave with over 290 million persons affected in Northern Africa, the Mediterranean, and the Middle East. This event, made significantly more likely due to human-induced climate change, underlines the critical role of precise forecasting in managing risks, protecting lives, and reducing economic disruptions. These factors are driving the adoption of advanced weather forecasting solutions across the Middle East and Africa.
Competitive Landscape:
Key players in the market are focusing on technological advancements to improve forecast accuracy and delivery speed. They are investing in AI, ML, and big data analytics to enhance predictive capabilities. Strategic collaborations with industries such as agriculture, aviation, and energy are expanding their service portfolios. Companies are also prioritizing cloud-based solutions and real-time weather updates to meet growing demand. To maintain competitiveness, they are integrating IoT-enabled sensors and satellite technologies for data collection and analysis. Additionally, increasing investments in research operations are helping to address climate variability and improve risk management solutions. In June 2023, AccuWeather, Inc. launched the AccuWeather HeatWave Counter and Severity Index, an innovative measure to enhance public understanding of heatwaves. This index brings forth the intensity and length of heatwaves while making severe heatwaves clear, giving individuals and organizations ample opportunity for preparation and response in advance of extreme heat events.
The report provides a comprehensive analysis of the competitive landscape in the weather forecasting services market with detailed profiles of all major companies, including:
- AccuWeather, Inc.
- AEM
- Climavision
- CustomWeather, Inc.
- DTN
- Pelmorex
- Spire Global
- StormGeo
- The Tomorrow Companies Inc.
- The Weather Company LLC
- Vaisala
1.What are weather forecasting services?
2.How big is the weather forecasting services market?
3.What is the expected growth rate of the global weather forecasting services market during 2026-2034?
4.What are the key factors driving the global weather forecasting services market?
5.What is the leading segment of the global weather forecasting services market based on forecasting type?
6.What is the leading segment of the global weather forecasting services market based on organization size?
7.What are the key regions in the global weather forecasting services market?
8.Who are the key players/companies in the global weather forecasting services market?
Table of Contents
139 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Weather Forecasting Services Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Forecasting Type
- 6.1 Short-range Forecasting
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Medium-range Forecasting
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Long-range Forecasting
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 7 Market Breakup by Purpose
- 7.1 Operational Efficiency
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Safety
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market Breakup by Organization Size
- 8.1 Large Enterprises
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Small and Medium-Sized Enterprises
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 9 Market Breakup by End User
- 9.1 Transportation
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Aviation
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Energy and Utilities
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Banking, Financial Services and Insurance (BFSI)
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Agriculture
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Media
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Manufacturing
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
- 9.8 Retail
- 9.8.1 Market Trends
- 9.8.2 Market Forecast
- 9.9 Others
- 9.9.1 Market Trends
- 9.9.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 AccuWeather, Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 AEM
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Climavision
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 CustomWeather, Inc.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 DTN
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Pelmorex
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Spire Global
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 StormGeo
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 The Tomorrow Companies Inc.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 The Weather Company LLC
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Vaisala
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
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