Objectives of the Study:

The report analyzes the weather forecasting systems and solutions market based on end user, system type, component, and forecasting type and maps these segments and subsegments across five major regions of the world, namely, North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW).

The report provides detailed information on the weather forecasting systems and solutions market and various factors such as drivers, restraints, opportunities, and challenges influencing its growth during the forecast period. The report also includes an analysis of micromarkets with respect to individual growth trends, prospects, and their contribution to the overall weather forecasting systems and solutions market.

The report also covers competitive developments such as long-term contracts, new product launches, expansions, and research & development activities that have taken place in the weather forecasting systems and solutions market. It also provides detailed information about various organic and inorganic growth strategies adopted by the leading players to enhance their position in the weather forecasting systems and solutions market.

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“The commercial end user segment of the Weather Forecasting Systems and Solutions Market is projected to grow at the highest CAGR between 2017 and 2022.”

Based on end user, the Weather Forecasting Systems and Solutions Market has been segmented into commercial, military, and weather service providers. The commercial end user segment of the Weather Forecasting Systems and Solutions Market is projected grow at the highest CAGR during the forecast period due to increasing use of weather forecasting systems in various industries such as energy & power, hydrology, aviation, and agriculture among others.

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“The software component segment of the Weather Forecasting Systems and Solutions Market is expected to grow at the highest CAGR during the forecast period.”

Based on component, the Weather Forecasting Systems and Solutions Market has been segmented into software and hardware. The software component segment of the Weather Forecasting Systems and Solutions Market is projected to grow at the highest CAGR between 2017 and 2022 due to the increasing use of weather monitoring & display software and data collection & processing software for weather predictions by using present and historical weather data.

“The Asia Pacific Weather Forecasting Systems and Solutions Market is projected to grow at the highest CAGR from 2017 to 2022.”

Factors such growth in air and sea transport, increased demand for continuous weather monitoring for disaster management, and improvement in the economy of the Asia Pacific region are expected to drive the growth of the Asia Pacific Weather Forecasting Systems and Solutions Market during the forecast period. Moreover, rapid industrialization and growth of the transportation sector in emerging economies such as China and India are also leading to the growth of the Asia Pacific Weather Forecasting Systems and Solutions Market. The complexity of weather forecasting processes and weather forecasting models and uncertainty in the weather forecasts made are the factors expected to restrain the growth of the Weather Forecasting Systems and Solutions Market during the forecast period. However, increasing computing capabilities of supercomputers used for weather forecasting and improving the efficiency of long-range forecasting systems offer new growth opportunities for the players operating in the Weather Forecasting Systems and Solutions Market.

Global Weather Forecasting Systems Market: Growth Factors

Any undesired climatic change cause huge damages to the life and property and thus the safety and security concerns are rising thus fueling the market growth. The prediction is done by these weather forecasting systems if reliable can help to take preventive measures against pollution, ecological catastrophes, and natural disasters. The weather forecasting systems have gained a momentum in the military applications as they need constant updates on the weather and the air traffic control. The continuous technological advancements that are made in the weather forecasting systems to predict the accurate changes in the atmosphere are fueling the growth of the market. The challenge that the market is facing is the system complexity. The working of the systems are very complex and requires well-trained professionals to operate them.

Vaisala (Finland), Sutron Corporation (US), Campbell Scientific (US), Airmar Technology Corporation (US), Liquid Robotics (US), All Weather, Inc. (US), Morcom International (US), Columbia Weather Systems (US), G. Lufft Mess-und Regeltechnik (Germany), and Skye Instruments (UK) among others are the key players operating in the Weather Forecasting Systems and Solutions Market.

The report segments and analyzes the Weather Forecasting Systems and Solutions Market based on end user (commercial, military, and weather service providers), component (hardware and software), system type (satellite-based systems, ground-based systems, and airborne systems), forecasting type (nowcast, short range, medium range, extended range, and long range) and maps these segments and subsegments across five major regions, namely, North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW).