DUBLIN, August 22, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/skv9rw/meteorological) has announced the addition of the "Meteorological & Weather Forecasting Systems Market by Application, Weather System Type, Equipment & by Geography - Forecast & Analysis to 2014 - 2020"report to their offering.
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The meteorological and weather forecasting systems market is estimated at $1.43 billion in 2014 and is expected to register a CAGR of 4.10% to reach $1.82 billion by 2020.
Weather forecasting involves prediction of atmospheric conditions at a specific time for the given location and time. Such forecasting systems require a combination of computer models, observations, and knowledge of historic weather trends and patterns. With the help of these methods, reasonable, and accurate forecasts of weather conditions can be predicted.
Weather forecasting systems are also used in air traffic control as these forecasts are important for safe landing and take-off. Automated weather stations are used at airports for collecting atmospheric data. Weather buoys are used for collecting weather and ocean data. They are used for providing aid during emergency response to chemical spills legal proceedings, and engineering design.
Growing concern for safety and security, increasing military demand for regular weather updates, increasing demand for air traffic control, and technological advancements in the field of meteorology are expected to drive this market in future. However, the fluctuation in the prices of equipment and high operational cost of weather systems are expected to become the restraining factors for this market.
The military operations are affected by factors such as lightning, strong winds, flooding, extreme temperatures, or thick fog. These factors can severely impact the ability to conduct peacetime operations in a safe and effective manner for military personnel. A good understanding of weather is very important to execute military missions successfully. Advanced weather forecasting systems such as automated weather station, weather radars, and weather satellite systems are more efficient in delivering regular weather updates to the military.
Given the technological advancements, it is now possible to monitor weather prediction on portable devices such as smart phones. Many companies are entering into joint ventures, forming strategic alliances, and pursuing partnership to align their unique capability for the development of meteorological and weather forecasting instruments. For instance, Sutron Corporation (U.S.) acquired Sabio Instruments (U.S.) to provide meteorologists with unique end-to-end solutions to develop new market segments and opportunities in retrieving signals and information from satellites and broadcasting it through information systems.
This report describes the analysis and forecast of the rising market. The market has been segmented on the basis of application, system type, equipment, and region. The report highlights the aspects that will drive and restrain the market. It also discusses the major industry and technology trends in the market.
Furthermore, the report mentions the key players in the meteorological forecasting systems market such as Lockheed Martin (U.S.), Thales SA (France), Harris Corporation (U.S.), Vaisala (U.S.), Sutron Corporation(U.S.), SkyeInstruments (U.K.), MorcomInternational Inc. (U.S.), Liquid Robotics Inc. (U.S.), Irdam Meteorological Instruments (Switzerland), Gill Instruments (U.K.) , Campbell Scientific (U.S.), All Weather Inc.(U.S.), and Airmar Technology (U.S.).
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Trend Analysis
5 Meteorological & Weather Forecasting Systems Market Share Analysis
6 Geographic Analysis
7 Country Analysis
8 Competitive Landscape
9 Company Profiles
- Airmar Technology
- All Weather Inc
- Campbell Scientific
- Columbia Weather Systems
- Gill Instruments.
- Irdam Meteorological Instruments
- Liquid Robotics Inc.
- Lockheed Martin
- Morcominternational Inc.
- Sutron Corporation
For more information visit http://www.researchandmarkets.com/research/skv9rw/meteorological
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SOURCE Research and Markets