Global Weather Forecasting Systems & Solutions Market is Estimated to Reach $5 Billion by 2025, Says Accurize Market Research
Global Weather Forecasting Systems & SolutionsMarket report published by Accurize Market Research forecast that the global market is expected to reach $5 billion by 2025 from; growing at a CAGR of 7.3% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Increasing demand for continuous weather monitoring to drive the global market
Dependency on rainfall for water supply, improvement in the economy of emerging countries and increased demand for continuous weather monitoring for disaster management are driving the growth of the weather forecasting systems and solutions market.However, factors such as complexities of the weather forecasting processes and uncertain weather predictions are expected to restrain the growth of weather forecasting systems and solutions market. Furthermore, enhancement of the computing capabilities of supercomputers and increased requirement of highly precise and reliable long-range weather forecastingare likely to create opportunities for weather forecasting systems and solutions market.
MarketSegmentation
Weather forecasting systems & solutions market is segmented on the basis of component, system type, end user, forecasting type and geography. On the basis of end user, the weather forecasting systems and solutions market has been segmented into commercial, military, and weather service providers. On the basis of component segment, the weather forecasting systems and solutions market has been divided into software and hardware. Based on system type, the weather forecasting systems and solutions market has been divided into satellite-based systems, ground-based systems, and airborne systems. The forecasting type segment is further divided into nowcast, short range, medium range, extended range and long range.
North America, Europe, Asia-Pacific and rest of the world (RoW) are the geographical segments of the market. North America is further bifurcated into countries namely; U.S., and Canada. Europe covers countries like Russia, U.K., Germany, France, Italy and Rest of Europe. Asia-Pacific countries include China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Africa and Middle East.
Top players in the market
Major companies operating in the market include Vaisala, Sutron Corporation, Campbell Scientific, Airmar Technology Corporation, Liquid Robotics, All Weather, Inc., Morcom International and Columbia Weather Systems, among others.
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