Weather Forecasting Services Market - Forecasts from 2025 to 2030

Global weather forecasting services market is projected to grow at a CAGR of 6.03% over the forecast period, increasing from US$2.51 billion in 2022 to US$4.01 billion by 2030.Weather forecasting services play an important role in the day-to-day living of everyone, as they help with the possibility of change in the climate in the future and help prepare for natural calamities like cyclones, storms, and many more.

Weather Forecasting Services Market Trends:

The demand for weather forecasting services has witnessed significant growth in recent years, with the development of technologies, like the availability of smartphones and the introduction of AI. Various companies like Microsoft and Google introduced their AI-powered weather forecasting solution, which can predict weather changes more efficiently and accurately.The high internet usage and availability of smartphones are also anticipated to boost the demand for weather forecasting services. According to the World Bank, about 63% of the global population had access to the Internet in 2021. As the internet is increasingly adopted worldwide, the demand for mobile-app-based weather forecasting services will also increase.The introduction of new and advanced technologies like AI and ML will surely provide more accurate and quicker forecasting results, but it may also slow down the demand for weather forecasting solutions and products in the global market. The developing AI model has attained the capability to forecast the weather based on a few days' data and can output a better and more accurate forecast. The increasing development might negatively affect the weather forecasting services market growth.

Weather Forecasting Services Market Growth Drivers:

An increase in global climate change and its effects on human life will bolster the market growth.One of the major drivers for the increasing growth of weather forecasting services can be the extreme change in the climate worldwide. The increasing global pollution warms the atmosphere, resulting in extreme changes in the climate. The US Environmental Protection Agency stated that the pollutants in the air and climate change have a strong relation with each other. According to the organization, the general pollutants in the atmosphere majorly include greenhouse gases and dust particles. These gases are also referred to as climate forcers and are one of the major reasons for global warming.
The increase in the global temperature has stimulated the demand for weather forecast services.The increasing global temperature is also estimated to push the demand for weather forecasting services forward. In recent years, mainly because of global warming, the average temperature of the globe has witnessed an increase. According to Copernicus, the European Union's Earth Observation Programme, the year 2023 was recorded as the warmest year on Earth, with an average increase of about 1.5°C per industrial level.The data also states that the global average temperature for 2023 was about 14.98°C, and the estimated rise in January and February of 2024 was about 1.5°C. Similarly, the National Oceanic and Atmospheric Administration of the US (NOAA) stated that in 2022, the average temperature of land and ocean was about 0.86° Celsius.

Weather Forecasting Services Market Geographical Outlook:

Asia Pacific is anticipated to hold a significant share of the global weather forecasting services market.The Asia Pacific is poised to gain a massive share in the weather forecasting services market, as the effects of climate change can be mainly observed here.According to the Carbon Disclosure Project (CDP), Asian countries like India, Pakistan, Bangladesh, and Indonesia are among the top countries that will experience extreme climate change first-hand. This creates an urgent need for weather forecasting services to understand and predict the regional climate changes.

Weather Forecasting Services Market Key Developments:

In June 2024, Microsoft unveiled its latest Aurora AI model, which has the capability of weather forecasting. This model includes data diversity and model scaling, which improves its weather forecasting.
In November 2023, Google launched its GraphCast, an Artificial Intelligence model that can accurately forecast global weather and deliver 10-day weather predictions more accurately than others.Weather Forecasting Services Market is analyzed into the following segments:

By Type

Short-Range
Medium-Range
Long-Range

By End-User

Agriculture
Aviation
Energy & Utilities
Oil & Gas
Marine
Retail
Media
Others

By Geography

North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
India
South Korea
Indonesia
Thailand
Taiwan
Others