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.

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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 atWeather forecasting systems Marlet
142 – Tables
38 – Figures
248 – Pages

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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)

Associated reports:

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

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SOURCE Markets and Markets