Global Weather Forecasting Services Market Overview
Weather Forecasting Services Market accounted for US$ 2.7 billion in 2024 and is estimated to be US$ 5.2 billion by 2034 and is anticipated to register a CAGR of 6.8%.
Weather forecasting is a technique for predicting the weather status. It is based on the principles of physics, a variety of statistical and empirical techniques. Weather forecasting includes predictions of changes on Earth’s surface caused by atmospheric condition such as snow and ice cover, storm tides, and floods. Weather forecasting uses the observational data collected by doppler radar, radiosondes, weather satellites, buoys and other instruments that are fed into computerized NWS numerical forecast models which uses equations, along with new and past weather data, to provide forecast guidance to our meteorologists.
COVID-19 Impact on the Market:
With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the production segment. The COVID-19 pandemic has impacted the weather forecasting services market significantly. Due to the grounding of most of the fleet, there has been a dramatic reduction in commercial aircraft flights, which supplies crucial weather observations. Information from commercial planes is one of several sources that meteorological bodies use to predict the weather and contribute to the accuracy of forecasting most weather phenomena, including hurricanes. This report will quantify the impact of this pandemic on the weather forecasting services market.
Global Weather Forecasting Services Market Dynamics
Weather plays a very crucial role in almost every market sector. Weather prediction is very important in terms of safety and security across aviation, utilities, maritime, shipping, oil & gas, agriculture, media, retail, renewable energy, and insurance industries. It allows the firms to better prepare the responses to natural disasters that impact the lives of millions. Thus, these factors act as a driving factor of the weather forecasting services market.
Restrains:
Weather prediction is a complex process thus, even with the advance technology sometime there are errors due to the multiple variables. Long scale weather patterns can be made with greater accuracy, but there is no proper way to carry out an accurate weather analysis in the short term. Thus, the complexity of weather acts as the restraining factor for the weather forecasting services market.
Global Weather Forecasting Services Market Segmentation
The weather forecasting services market is segmented based on the industry, forecasting type, end-use industry, and region.
Depending upon the industry, the weather forecasting services market is categorized into synthetic bone graft, xenograft, autograft, allograft, and demineralized allograft. Based on the industry the market is segmented into aviation, agriculture, marine, oil & gas, energy & utilities, insurance, retail, and media. Based on the forecasting type, the target market is divided into short-range forecasting, medium-range forecasting, long-range forecasting. End-use industry, the market is segment into transportation, aviation, energy & utilities, banking financial services & insurance (BFSI), agriculture, media, manufacturing, retail, and others.
Regional Insights: 
Regionally, the overall industry is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is dominating the weather forecasting service market due to the technological advancements, such as improvements in data analytics and computer forecast models and an increase in the use of supercomputers delivering more computing power. This region has the player with the access to all the complex and advance technology to provide the most accurate information. Thus, accounts for the largest share of the market.
Report Scope:
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Attribute |
Details |
|
The base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Million & CAGR from 2024 – 2034 |
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Market Segmentation |
By Product Type - Synthetic Bone Graft, Xenograft, Autograft, Allograft, and Demineralized Allograft By Industry - Aviation, Agriculture, Marine, Oil & Gas, Energy & Utilities, Insurance, Retail, Media By Forecasting Type - Short-range Forecasting, Medium-range Forecasting, Long-range Forecasting By End-Use Industry - Transportation, Aviation, Energy & Utilities, Banking Financial Services & Insurance (BFSI), Agriculture, Media, Manufacturing, Retail, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the weather forecasting services market report based on Industry, Forecasting Type, End-Use Industry and region.
Weather Forecasting Services Market, By Industry
- Aviation
- Agriculture
- Marine
- Oil & Gas
- Energy & Utilities
- Insurance
- Retail
- Media
Weather Forecasting Services Market, By Forecasting Type
- Short-range Forecasting
- Medium-range Forecasting
- Long-range Forecasting
Weather Forecasting Services Market, By End-Use Industry
- Transportation
- Aviation
- Energy & Utilities
- Banking, Financial Services & Insurance (BFSI)
- Agriculture
- Media
- Manufacturing
- Retail
- Others
Weather Forecasting Services Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Weather Forecasting Services Market Key Players
The key players operating in the weather forecasting services market include Skye Instruments Ltd, Columbia Weather System Inc., Morcom International, Inc., All Weather, Inc., StormGeo, BMT Group, and Fugro, Airmar Technology Corporation, Lockheed Martin Corporation, Thales Group. Companies are increasing their investments in new advance technology for more better and accurate information. For instance, In August 2020, The Weather Company partnered with Vizzion, a provider of the largest traffic camera network in the world, to integrate traffic camera imagery, streams, and data into its Max Traffic broadcast solution.
In July 2020, AccuWeather announced its latest innovation, AccuWeather Local Hurricane Tracker, to optimize users’ safety and awareness, it shows a developing storm’s progression over the ocean while providing real-time updates of forecast wind speeds, rainfall amounts, and affected areas.
Global Weather Forecasting Services Market Company Profile
-
Skye Instruments Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Columbia Weather System Inc.
- Morcom International, Inc.
- All Weather, Inc.
- StormGeo
- BMT Group
- Fugro
- Airmar Technology Corporation
- Lockheed Martin Corporation
- Thales Group
“*” marked represents similar segmentation in other categories in the respective section
Global Weather Forecasting Services Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Weather Forecasting Services Strategies
- Key Questions this Study will Answer
- Market Snippet, By Industry
- Market Snippet, By Forecasting Industry
- Market Snippet, By End-Use Industry
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Industry, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Aviation
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Agriculture
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Marine
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Oil & Gas
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034 aaa
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Energy & Utilities
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Insurance
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Retail
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Media
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Forecasting Industry, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Short-range Forecasting
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Medium-range Forecasting
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Long-range Forecasting
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By End-Use Industry, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Transportation
-
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Aviation
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Energy & Utilities
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Banking, Financial Services & Insurance (BFSI)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Agriculture
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Media
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Retail
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Global Market, By Region, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Forecasting Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-Use Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Forecasting Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-Use Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Forecasting Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-Use Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Forecasting Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-Use Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Forecasting Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By End-Use Industry, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- Skye Instruments Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Skye Instruments Ltd
-
- Columbia Weather System Inc.
- Morcom International, Inc.
- All Weather, Inc.
- StormGeo
- BMT Group
- Fugro
- Airmar Technology Corporation
- Lockheed Martin Corporation
- Thales Group
The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Weather Forecasting Services Market accounted for US$ 2.7 billion in 2024 and is estimated to be US$ 5.2 billion by 2034 and is anticipated to register a CAGR of 6.8%
The Weather Forecasting Services Market is segmented into industry, forecasting type, end-use industry, and region.
Growing emphasis on accurate weather predictions, demand for real-time meteorological data, and the adoption of advanced technologies for weather modeling and analysis drive the growth of the weather forecasting services market globally.
Challenges include potential uncertainties in predicting extreme weather events, data collection limitations, and the need for continuous research and development for improved forecasting accuracy, posing global restraints in the weather forecasting services market.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the target market includes, Skye Instruments Ltd, Columbia Weather System Inc., Morcom International, Inc., All Weather, Inc., StormGeo, BMT Group, and Fugro, Airmar Technology Corporation, Lockheed Martin Corporation, Thales Group.