Weather Forecasting Services Market size to grow by USD 1,092.95 million from 2022 to 2027|Today's farmer's need for weather forecasting services to drive the market - Technavio

NEW YORK, July 5, 2023 /PRNewswire/ -- The weather forecasting services market is set to grow by USD 1,092.95 million from 2022 to 2027, progressing at a CAGR of 9.93% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. Today's farmer's need for weather forecasting services is one of the major factors notably driving the growth of the global weather forecasting services market. In agriculture, weather and seasons have a great influence,, and factors such as temperature and other elements are necessary while growing fruits, vegetables, and legumes. Weather-dependent agricultural production requires accurate weather information. Due to climate change, weather and environmental risk management in agriculture have become increasingly important. As the population grows more agricultural goods are required. Moreover, adaptive agriculture management is more necessary than ever and needs careful planning. However, to prepare for the upcoming season, farmers depend on weather forecasts and better weather and climate early warning systems can help farmers. Therefore these factors are expected to drive the market during the forecast period. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The weather forecasting services market covers the following areas:

• Weather Forecasting Services Market Sizing
• Weather Forecasting Services Market Forecast
• Weather Forecasting Services Market Analysis

Weather Forecasting Services Market 2023-2027 - Market Dynamics

Major Trend

The rising penetration of advanced technologies in weather forecasting services is an emerging trend shaping the global weather forecasting services market growth. Weather forecasting facilities often use the most advanced and energy-intensive equipment and infrastructure. Environmental observation data is a rapidly growing subset of big data. In addition, Weather forecasting centers must offer a comprehensive solution for meeting the computing needs of forecasters, but it should also include transmission and management of data as well as covering all costs associated with such operations. Also, the expansion in supercomputer processing power is expected to make it easier to integrate a variety of high-resolution weather predictions and climate models, resulting in intensely accurate and accurate forecasts. Thus, such factors will boost the growth of the global weather forecasting services market during the forecast period.

Significant Challenge 

The major challenge impeding the growth of the global weather forecasting services market is the complexities of weather forecasting models. Weather forecast models are highly complex computer programs, that deliver real-time future weather information for specific locations. Moreover, computer-aided numerical models have been developed for different weather forecast intervals, such as long-range forecasts and medium-range forecasts, and regional models under which we have the short-range forecast. Also, this includes difficult methods such as persistence, climatologic, looking at the sky, use of barometer, nowcasting, use of forecasting models, analog, and ensemble forecasting. However, weather forecasting is a complex discipline that relies on the effective interaction of weather observation, data processing by meteorologists and computers, and a quick communication system which makes it a more difficult and complex procedure. Thus, these complexities of the weather forecasting model can impede the growth of the weather forecasting service market during the forecast period.

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• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Weather Forecasting Services Market 2023-2027: Market Segmentation

The weather forecasting services market analysis includes market segmentation by type (medium-range, long-range, short-range, and nowcasting), application (energy and utilities, aviation, media and consumer, logistics and transportation, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). This study identifies the upsurge in the production of renewable energy, the rising penetration of advanced technologies in weather forecasting services, use of Big Data in weather forecasting as one of the prime reasons driving the weather forecasting services market growth during the next few years.

• The medium-range segment will account for a major share of the market's growth during the forecast period. The National Center for Medium-Range Weather Forecasts (NCMRWF) is part of the Ministry of Earth Sciences. Moreover, the major objective of this centre is to design reliable and accurate advanced numerical weather forecasting for India and neighbouring regions through research, development, and demonstration of new and diverse applications while maintaining the highest level of knowledge, skills, and technical base. to create a system. During the forecast period, the significance of the medium-range forecast will have a positive impact on the growth of the global weather forecast services market.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

Companies Mentioned

• AccuWeather Inc.
• Advanced Environmental Monitoring LLC
• Alfa Laval Corporate AB
• BMT Group Ltd.
• Campbell Scientific Inc.
• CSIR National Aerospace Laboratories
• Danaher Corp.
• DTN LLC
• ENAV Spa
• Environdata Weather Stations Pty Ltd.
• Fugro NV
• International Business Machines Corp.
• Met Office
• National Oceanic and Atmospheric Administration
• Precision Weather Forecasting Inc.
• Skymet Weather Services Pvt. Ltd.
• Skyview Systems
• Spire Global Inc.
• The Tomorrow Companies Inc.
• Vaisala Oyj

Vendors Offerings 

• AccuWeather Inc. - The company offers weather forecasting services such as AccuWeather Weather Radar App. 
• Advanced Environmental Monitoring LLC - The company offers weather forecasting services under the brand, Earth Networks. 
• Alfa Laval Corporate AB - The company offers weather forecasting services such as Storm Geo. 

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global weather forecasting services market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global weather forecasting services market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Medium-range - Market size and forecast 2022-2027
• Exhibit 34: Chart on Medium-range - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Medium-range - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Medium-range - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Medium-range - Year-over-year growth 2022-2027 (%)

• 6.4 Long-range - Market size and forecast 2022-2027
• Exhibit 38: Chart on Long-range - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Long-range - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Long-range - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Long-range - Year-over-year growth 2022-2027 (%)

• 6.5 Short-range - Market size and forecast 2022-2027
• Exhibit 42: Chart on Short-range - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Short-range - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Short-range - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Short-range - Year-over-year growth 2022-2027 (%)

• 6.6 Nowcasting - Market size and forecast 2022-2027
• Exhibit 46: Chart on Nowcasting - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Nowcasting - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Nowcasting - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Nowcasting - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Type 
• Exhibit 50: Market opportunity by Type ($ million)
• Exhibit 51: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 52: Chart on Application - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 54: Chart on Comparison by Application
• Exhibit 55: Data Table on Comparison by Application

• 7.3 Energy and utilities - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Energy and utilities - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Energy and utilities - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Energy and utilities - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Energy and utilities - Year-over-year growth 2022-2027 (%)

• 7.4 Aviation - Market size and forecast 2022-2027
• Exhibit 60: Chart on Aviation - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Aviation - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Aviation - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Aviation - Year-over-year growth 2022-2027 (%)

• 7.5 Media and consumer - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Media and consumer - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Media and consumer - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Media and consumer - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Media and consumer - Year-over-year growth 2022-2027 (%)

• 7.6 Logistics and transportation - Market size and forecast 2022-2027 
• Exhibit 68: Chart on Logistics and transportation - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Data Table on Logistics and transportation - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Chart on Logistics and transportation - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Logistics and transportation - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 72: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 75: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Application 
• Exhibit 76: Market opportunity by Application ($ million)
• Exhibit 77: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 79: Chart on Market share by geography 2022-2027 (%)
• Exhibit 80: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 81: Chart on Geographic comparison
• Exhibit 82: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 91: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 107: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 115: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 116: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 117: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 119: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 120: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 121: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 122: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 123: Market opportunity by geography ($ million)
• Exhibit 124: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 125: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 126: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 127: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 128: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 129: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 130: Matrix on vendor position and classification

• 12.3 AccuWeather Inc. 
• Exhibit 131: AccuWeather Inc. - Overview
• Exhibit 132: AccuWeather Inc. - Product / Service
• Exhibit 133: AccuWeather Inc. - Key offerings

• 12.4 Advanced Environmental Monitoring LLC
• Exhibit 134: Advanced Environmental Monitoring LLC - Overview
• Exhibit 135: Advanced Environmental Monitoring LLC - Product / Service
• Exhibit 136: Advanced Environmental Monitoring LLC - Key offerings

• 12.5 Alfa Laval Corporate AB 
• Exhibit 137: Alfa Laval Corporate AB - Overview
• Exhibit 138: Alfa Laval Corporate AB - Business segments
• Exhibit 139: Alfa Laval Corporate AB - Key news
• Exhibit 140: Alfa Laval Corporate AB - Key offerings
• Exhibit 141: Alfa Laval Corporate AB - Segment focus

• 12.6 BMT Group Ltd. 
• Exhibit 142: BMT Group Ltd. - Overview
• Exhibit 143: BMT Group Ltd. - Product / Service
• Exhibit 144: BMT Group Ltd. - Key offerings

• 12.7 DTN LLC 
• Exhibit 145: DTN LLC - Overview
• Exhibit 146: DTN LLC - Product / Service
• Exhibit 147: DTN LLC - Key news
• Exhibit 148: DTN LLC - Key offerings

• 12.8 ENAV Spa 
• Exhibit 149: ENAV Spa - Overview
• Exhibit 150: ENAV Spa - Product / Service
• Exhibit 151: ENAV Spa - Key offerings

• 12.9 Fugro NV 
• Exhibit 152: Fugro NV - Overview
• Exhibit 153: Fugro NV - Business segments
• Exhibit 154: Fugro NV - Key offerings
• Exhibit 155: Fugro NV - Segment focus

• 12.10 International Business Machines Corp.
• Exhibit 156: International Business Machines Corp. - Overview
• Exhibit 157: International Business Machines Corp. - Business segments
• Exhibit 158: International Business Machines Corp. - Key offerings
• Exhibit 159: International Business Machines Corp. - Segment focus

• 12.11 Met Office 
• Exhibit 160: Met Office - Overview
• Exhibit 161: Met Office - Product / Service
• Exhibit 162: Met Office - Key offerings

• 12.12 Precision Weather Forecasting Inc.
• Exhibit 163: Precision Weather Forecasting Inc. - Overview
• Exhibit 164: Precision Weather Forecasting Inc. - Product / Service
• Exhibit 165: Precision Weather Forecasting Inc. - Key offerings

• 12.13 Skymet Weather Services Pvt. Ltd.
• Exhibit 166: Skymet Weather Services Pvt. Ltd. - Overview
• Exhibit 167: Skymet Weather Services Pvt. Ltd. - Product / Service
• Exhibit 168: Skymet Weather Services Pvt. Ltd. - Key offerings

• 12.14 Skyview Systems 
• Exhibit 169: Skyview Systems - Overview
• Exhibit 170: Skyview Systems - Product / Service
• Exhibit 171: Skyview Systems - Key offerings

• 12.15 Spire Global Inc. 
• Exhibit 172: Spire Global Inc. - Overview
• Exhibit 173: Spire Global Inc. - Product / Service
• Exhibit 174: Spire Global Inc. - Key offerings

• 12.16 The Tomorrow Companies Inc. 
• Exhibit 175: The Tomorrow Companies Inc. - Overview
• Exhibit 176: The Tomorrow Companies Inc. - Product / Service
• Exhibit 177: The Tomorrow Companies Inc. - Key offerings

• 12.17 Vaisala Oyj 
• Exhibit 178: Vaisala Oyj - Overview
• Exhibit 179: Vaisala Oyj - Business segments
• Exhibit 180: Vaisala Oyj - Key news
• Exhibit 181: Vaisala Oyj - Key offerings
• Exhibit 182: Vaisala Oyj - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 183: Inclusions checklist
• Exhibit 184: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 185: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 186: Research methodology
• Exhibit 187: Validation techniques employed for market sizing
• Exhibit 188: Information sources

• 13.5 List of abbreviations 
• Exhibit 189: List of abbreviations

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