CHICAGO, January 11, 2022 / PRNewswire / – According to the new research report, the “Weather Forecast Systems Market by Vertical (Agriculture, Aviation, Transport & Logistics, Oil & Gas, Marine, Renewable Energy, Meteorology, Weather Service Providers), Application, Solution, Type of Forecast and Region – Forecast to 2026 “, published by MarketsandMarkets ™, the market is expected to grow by $ 2.7 billion in 2021 to $ 3.5 billion by 2026, at a CAGR of 5.1% in value over the forecast period. The market exhibits lucrative growth potential during the forecast period mainly owing to the increasing demand for weather monitoring systems by end user industries to align their business activities with changing weather conditions. The market is also driven by the increased need for weather monitoring to support disaster management at local, regional and global levels.
Request the PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29645152
The COVID-19 pandemic has had a deleterious impact on the weather forecasting systems market. The near-term outlook for the weather forecasting systems market ultimately depends on the swift response of governments to contain the COVID-19 outbreak, the effectiveness of their efforts, and the continuing impact of the pandemic in course on global economic activity.
On the basis of applications, the meteorological satellites segment is expected to account for the largest market share from 2021 to 2026.
On the basis of applications, the meteorological satellite segment is expected to dominate the weather forecasting systems market from 2021 to 2026 and is expected to continue to grow due to the growing need for earth monitoring and weather observing systems to measure, monitor and provide valuable information on several climatic parameters.
Based on the forecast type, the short term segment is expected to grow at the highest CAGR during the forecast period.
The short term weather forecasting method provides information about the upcoming weather where the projection time varies from a few hours to 48 hours or in some cases up to 72 hours. A short-term forecast is based on weather graphics, maps, satellite images, weather balloons and ground information. The information provided is not only used for weather forecasting, but it is also used for other applications such as aviation, ship routing, etc. Therefore, the increasing demand for weather forecasting by the fishing and transportation industries is expected to drive the growth of the short-haul segment. of the weather forecasting systems market from 2021 to 2026.
On the basis of vertical, the others segment is expected to show the fastest growing in the weather forecasting systems market from 2021 to 2026.
Based on the vertical, the Others segment is expected to experience the fastest growth during the forecast period. 2021 to 2026. The requirement of weather forecasting systems in media and telecommunications, sports complexes and other private enterprises is driving the growth of the weather forecasting systems market.
Browse the table of contents in depth at “Weather forecasting systems Marlet“
142 – Tables
38 – Figures
248 – Pages
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=29645152
the Asia Pacific Estimated market to dominate the weather forecasting systems market during the forecast period
Depending on the region, Asia Pacific The weather forecasting systems market is expected to dominate from 2021 to 2026. The growth of the Asia Pacific The weather forecasting systems market is mainly driven by the growing emphasis on increasing investments in weather forecasting systems technologies by countries in this region.Also, regional economies have undertaken several production related projects sustainable and renewable energy to protect the environment and avoid energy crises in the future. Since most renewable energy sources are vulnerable to weather fluctuations, the need to maximize energy production necessitates the adoption of sophisticated weather monitoring and forecasting systems to ensure optimum production, thus driving the market for weather forecasting systems in the region.
This report includes a study on marketing and development strategies, as well as product portfolios of leading companies. It consists of profiles of leading companies, such as The Weather Company (US), Vaisala OYJ (Finland), AccuWeather Inc. (US), StormGeo (Norway), Sutron Corporation (United States), Campbell Scientific (United States), Airmar Technology Corporation (United States), All Weather, Inc. (United States), G. Lufft Mess-und Regeltechnik (Germany) and Skye Instruments (UK)
Weather Forecast Services Market by industry (aviation, agriculture, marine, oil and gas, energy and utilities, insurance, retail, media), forecast type (now, short, medium, long), objective, organization size and region – Global forecasts until 2025
About MarketsandMarkets ™
MarketsandMarkets ™ provides quantified B2B research on 30,000 high growth niche opportunities / threats that will impact 70% to 80% of global business revenues. Currently serving 7,500 clients worldwide, including 80% of global Fortune 1000 companies as clients. Nearly 75,000 senior executives in eight industries around the world approach MarketsandMarkets ™ for their income decision issues.
Our 850 full-time analysts and SMEs at MarketsandMarkets ™ monitor high-growth global markets according to the Growth Engagement Model – GEM. The GEM aims to proactively collaborate with clients to identify new opportunities, identify the most important clients, write “Attack, Avoid and Defend” strategies, identify additional sources of revenue for the company and its competitors. MarketsandMarkets ™ now offers 1,500 MicroQuadrants (positioning the best players among leaders, emerging companies, innovators, strategic players) each year in emerging high growth segments. MarketsandMarkets ™ is committed to benefiting over 10,000 companies this year for revenue planning and helping them bring their innovations / disruptions to market early by providing them with cutting edge research.
MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for a deeper understanding of unfulfilled information as well as market size and forecasts of niche markets.
Mr. Ashish Mehra
Markets and Markets ™ INC.
630 Dundee Road
Northbrook, Illinois 60062
United States: + 1-888-600-6441
E-mail: [email protected]
Research overview: https://www.marketsandmarkets.com/ResearchInsight/meteorological-weather-forecasting-systems-market.asphttps://www.marketsandmarkets.com/ResearchInsight/precision-guided-munition-market.asp
Visit our website: https://www.marketsandmarkets.com
Source of content: https://www.marketsandmarkets.com/PressReleases/meteorological-weather-forecasting-systems.asphttps://www.marketsandmarkets.com/PressReleases/marine-battery.asphttps://www.marketsandmarkets.com/PressReleases/agricultural-robot.asp
SOURCE Markets and Markets