Dublin, May 09, 2019 (GLOBE NEWSWIRE) -- The "Weather Forecasting Market (Updated)" report has been added to ResearchAndMarkets.com's offering.
The global weather forecasting systems market reached USD 3,461.69 Million in 2018 and is expected to reach USD 5,483.08 Million by the end of 2027, expanding at a CAGR of 5.29% over the forecast period i.e. 2019-2027. Moreover, the growth of weather forecasting systems market is attributed to the increasing incidence of natural disasters in the world and rising climatic changes.
North America is slated to account for a leading share of 40.70% in the terms of revenue by 2027 in the weather forecasting systems market. North America weather forecasting systems market reached USD 1,408.90 Million in 2018 and is expected to reach USD 2,259.03 Million by the end of 2027, expanding at a CAGR of 5.43% over the forecast period i.e. 2019-2027. Further, the market of North America weather forecasting systems is anticipated to achieve a Y-o-Y growth rate of 5.74% in 2027 as compared to the previous year.
In addition to this, U.S. weather forecasting systems market was held at USD 1,176.43 Million in 2018 and is anticipated to reach USD 1,895.32 Million by the end of 2027. U.S. weather forecasting systems market accounted for a market share of 23.1% in 2018 and further, is expected to increase to a market share of 83.90% by the end of 2027. U.S. weather forecasting systems market is expected to achieve Y-o-Y growth rate of 5.80% in 2027 as compared to previous year.
Asia Pacific is expected to showcase substantial growth over the forecast period i.e. 2019-2027 by registering a CAGR of 5.89% over the forecast period. Further, the market is expected to account for USD 1,200.80 Million by 2027 from USD 720.03 Million in 2018.
The global weather forecasting systems market is segmented on the basis of component into software and hardware. Hardware weather forecasting systems (73.72% share in 2018) occupies the largest market of weather forecasting systems across the globe. Further, global hardware weather forecasting systems market is anticipated to reach USD 4,005.95 Million by the end of 2027 from USD 2,551.81 Million in 2018.
In addition to this, global weather forecasting systems market is segmented into Component, system type, transmission and end user. The transmission segment is further segmented into nowcast, short range, medium range, extended range and long range, out of which, short range segment with 31.25% market share is anticipated to have largest share by the end of 2027. Further, global short range weather forecasting systems market is anticipated to reach USD 1,754.48 Million by the end of 2027 from USD 1,081.90 Million in 2018. In addition to this, global short range weather forecasting systems market is expected to achieve Y-o-Y growth rate of 5.88% in 2027 as compared to previous year.
End User segment is further segmented into commercial and military out of which, commercial segment with 77.67% share is anticipated to have the largest share by 2027. Additionally, commercial segment accounted for USD 2,688.54 Million in 2018 and is forecasted to reach USD 4,297.83 Million by the end of 2027.
Key Topics Covered
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
1.3. Product Overview
2. Assumptions and Acronyms
3. Research Methodology
4. Executive Summary-Global Weather Forecasting Systems Market
5. Analyst's Recommendation
6. Policy and Regulatory Landscape
7. Industry Analysis
7.1. Porter's Five Forces Model
8. Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Weather Forecasting Systems -Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Weather Forecasting Systems Market Outlook
10.1. Market Size and Forecast, 2018-2027
10.1.1. By Value (USD Million)
10.1.1.1. Y-o-Y Growth (%), 2019-2027
10.2. Market Share and Forecast, 2018-2027
10.2.1. By Component
10.2.1.1. Weather Forecasting Systems Market Share (%), By Component (2018, 2027F)
10.2.1.1.1. Software, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.1.1. Data Collection & Processing Software, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.1.2. Weather Monitoring & Display Software, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.1.3. Other, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2. Hardware, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2.1. Equipment, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2.1.1. Barometer, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2.1.2. Anemometer, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2.1.3. Hygrometer, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2.1.4. Rain Gauge, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2.1.5. Thermometer, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2.1.6. Radiometer, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2.1.7. Scatterometer, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2.1.8. Spectrometer, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2.1.9. Other, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2.2. Communication & Data loggers, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2.3. Sounding Systems & Radiosondes, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2.4. Weather Antennas, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.1.2.5. Other, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.1.2. Market Attractiveness Analysis, By Component
10.2.1.3. Market Contribution and BPS Analysis, 2018 & 2027, By Component
10.2.2. By System Type
10.2.2.1. Weather Forecasting Systems Market Share (%), By System Type (2018, 2027F)
10.2.2.1.1. Satellite-based Systems, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.2.1.2. Ground-based Systems, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.2.1.2.1. Weather Radar, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.2.1.2.2. Weather Station, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.2.1.2.3. Lighting Detection Systems, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.2.1.3. Airborne Systems, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.2.1.3.1. Weather Balloons, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.2.1.3.2. Weather Drones, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.2.1.3.3. Airborne LiDars, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.2.2. Market Attractiveness Analysis, By System Type
10.2.2.3. Market Contribution and BPS Analysis, 2018 & 2027, By System Type
10.2.3. By End User
10.2.3.1. Weather Forecasting Systems Market Share (%), By End User (2018, 2027F)
10.2.3.1.1. Commercial, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.3.1.1.1. Agriculture, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.3.1.1.2. Aviation, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.3.1.1.3. Transportation & Logistics, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.3.1.1.4. Energy & Power, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.3.1.1.5. Marine, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.3.1.1.6. Meteorology, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.3.1.1.7. Hydrology, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.3.1.1.8. Insurance, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.3.1.1.9. Mining, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.3.1.1.10. Construction, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.3.1.1.11. Other, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.3.1.2. Military, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.3.2. Market Attractiveness Analysis, By End User
10.2.3.3. Market Contribution and BPS Analysis, 2018 & 2027, By End User
10.2.4. By Transmission
10.2.4.1. Weather Forecasting Systems Market Share (%), By Transmission (2018, 2027F)
10.2.4.1.1. Nowcast, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.4.1.2. Short Range 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.4.1.3. Medium Range, 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.4.1.4. Extended Range. 2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.4.1.5. Long Range,2018-2027F (USD Million) & Y-o-Y Growth (%), 2019-2027
10.2.4.2. Market Attractiveness Analysis, By Transmission
10.2.4.3. Market Contribution and BPS Analysis, 2018 & 2027, By Transmission
10.2.5. By Region
10.2.5.1. Weather Forecasting Systems Market Share (%), By Region (2018,2027F)
10.2.5.1.1. North America
10.2.5.1.2. Europe
10.2.5.1.3. Asia Pacific
10.2.5.1.4. Latin America
10.2.5.1.5. Middle East and Africa
11. North America Weather Forecasting Systems Market Outlook
12. Europe Weather Forecasting Systems Market Outlook
13. Asia Pacific Weather Forecasting Systems Market Outlook
14. Latin America Weather Forecasting Systems Market Outlook
15. Middle East and Africa Weather Forecasting Systems Market Outlook
16. Competitive Landscape
16.1. Competitive Positioning of Major Players in Global Weather Forecasting Systems Market
16.2. Company Profiles
16.2.1. Vaisala
16.2.1.1. Company Overview
16.2.1.2. Business Strategy
16.2.1.2.1. Growth Expansion Strategy
16.2.1.2.2. Distribution Channel Strategy
16.2.1.2.3. Product Strategy
16.2.1.3. Key Product Offerings
16.2.1.4. Financial Performance
16.2.1.5. Key Performance Indicators
16.2.1.6. Risk Analysis
16.2.1.7. Recent Development
16.2.1.8. Regional Presence
16.2.1.9. SWOT Analysis
16.3.2. Skye Instruments
16.3.3. G. Lufft Mess- und Regeltechnik GmbH
16.3.4. Columbia Weather Systems
16.3.5. Morcom International
16.3.6. All Weather, Inc.
16.3.7. Liquid Robotics Inc.
16.3.8. Airmar Technology Corp.
16.3.9. Campbell Scientific Inc.
16.3.10. Sutron Corporation
16.3.11. OTT HydroMet GMBH
16.3.12. MicroStep-MIS
16.3.13. Zephir Ltd.
16.3.14. METER Group, Inc.
16.3.15. Gill Instruments Limited.
16.3.16. Bristol Industrial & Research Associates Ltd.
16.3.17. Selex ES GmbH
16.3.18. Iteris, Inc.
16.3.19. Adolf Thies GmbH & Co. KG
16.3.20. MeteoGroup
For more information about this report visit https://www.researchandmarkets.com/r/c9vaee