Weather Forecasting Systems & Solutions Market by Type, End User, Component, System, Range, Region - Global Forecast to 2022
"Increasing concerns to ensure public safety from natural calamities and growing demand to enhance the operational efficiency of various end-use industries are the key factors expected to drive the growth of the weather forecasting systems and solutions market, globally."
Nov 20, 2017, 18:23 ET
LONDON, Nov. 20, 2017 /PRNewswire/ -- Download the full report: https://www.reportbuyer.com/product/5206185
The weather forecasting systems and solutions market is expected to grow from an estimated USD 2.68 billion in 2017 to USD 3.80 billion by 2022, at a CAGR of 7.21% from 2017 to 2022. Rising safety concerns to ensure public safety against natural calamities, growing need for accurate weather forecasting during disaster management, and increasing use of weather forecasting systems and services to enhance operational efficiency of various end-use industries such as marine, oil & gas, aviation, and agriculture, among others are the factors expected to drive the growth of the weather forecasting systems and solutions market across the globe. However, the complexity of weather forecasting processes and models developed by weather forecasting systems is likely to inhibit the growth of the weather forecasting systems and solutions market between 2017 and 2022.
"The hardware component segment is expected to lead the weather forecasting systems and solutions market from 2017 to 2022."
Based on component, the weather forecasting systems and solutions market has been segmented into hardware and software. The hardware component segment is estimated to account for the largest market share of the weather forecasting systems and solutions market in 2017. The hardware component segment of the weather forecasting systems and solutions market has been further classified into equipment, communication & data loggers, sounding systems & radiosondes, weather antennas, display systems, and others.
"Among system types, the airborne systems segment of the weather forecasting systems and solutions market is projected to grow at the highest CAGR from 2017 to 2022."
Based on system type, the weather forecasting systems and solutions market has been segmented into ground-based systems, satellite-based systems, and airborne systems. The airborne systems segment of the market is projected to grow at the highest CAGR during the forecast period. Increasing use of weather drones to reach remote areas for weather data collection is one of the key factors driving the growth of the airborne systems segment of the weather forecasting systems and solutions market.
"The commercial end user segment is expected lead the weather forecasting systems and solutions market from 2017 to 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 is expected to lead the weather forecasting systems and solutions market between 2017 and 2022. The growth of the commercial end user segment of the market can be attributed to the increasing use of weather forecasting systems in several industries such as agriculture, aviation, transportation & logistics, energy & power, marine, meteorology, and hydrology, among others. Moreover, rising concerns to enhance the operational efficiency of these industries also fuels the growth of the commercial end user segment of the market.
"The North American region is estimated to be the largest market for weather forecasting systems in 2017."
The North American region is estimated to be the largest market for weather forecasting systems in 2017. Increasing demand for weather forecasting systems from the oil & gas and aviation sectors is the key factor fueling the growth of the North America weather forecasting systems and solutions market. The US is expected to account for the largest market share of the North America weather forecasting systems and solutions market in 2017.
The break-up of profiles of primary participants for the weather forecasting systems and solutions market has been given as follows:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C level – 35%, Director level – 25%, Others – 40%
• By Region: North America – 45%, Europe – 20%, Asia Pacific – 30%, and Rest of the World (RoW) – 5%
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.
Research Coverage:
This research report categorizes the weather forecasting systems and solutions market based on component (hardware and software), system type (ground-based systems, satellite-based systems, and airborne systems), end user (commercial, military, and weather service providers), and 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).
Reasons to Buy This Report:
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share analysis of the top players, company profiles, emerging and high-growth segments of the market, high-growth regions, and drivers, restraints, opportunities, and challenges of the weather forecasting systems and solutions market.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on weather forecasting systems offered by the top 10 players in the weather forecasting systems and solutions market
• Product Development/Innovation: Detailed insights on the upcoming technologies, research & development activities, and new product launches in the weather forecasting systems and solutions market
• Market Development: Comprehensive information about lucrative emerging markets - the report analyses of the market for weather forecasting systems across different regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the weather forecasting systems and solutions market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the weather forecasting systems and solutions market
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