Global Weather Monitoring Solutions and Services Market, By Type (Solutions, Data Services), End-Use Industry (Transportation and Logistics, Government, Metrology, Broadcast and Telecommunications, Energy and Utilities, Renewable Energy, Agriculture and Fisheries, Others) – Industry Trends and Forecast to 2029.
Weather Monitoring Solutions and Services Market Analysis and Size
In recent times, abrupt climate change has resulted in a high loss of human life and severe environmental damage, attracting conscientious efforts from governments of many countries in the form of investments in technology to predict the intensity of extreme weather conditions.
Data Bridge Market Research analyses that the weather monitoring solutions and services market was valued at USD 1.75 billion in 2021 and is expected to reach the value of USD 3.16 billion by 2029, at a CAGR of 7.65% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Weather Monitoring Solutions and Services Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Solutions, Data Services), End-Use Industry (Transportation and Logistics, Government, Metrology, Broadcast and Telecommunications, Energy and Utilities, Renewable Energy, Agriculture and Fisheries, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Vaisala (Finland), Campbell Scientific, Inc. (U.S.), Met One Instruments Inc. (U.S.), Earth Networks (U.S.), AccuWeather, Inc. (U.S.), AnythingWeather Communications, Inc. (U.S.), Intermountain Environmental Inc. (U.S.), Baron Weather (U.S.), Climatronics (India), Columbia Weather Systems, Inc. (U.S.), Nvis Technolgies Pvt. Ltd. (U.S.), IBM Corporation (U.S.), Sutron (U.S.), Raytheon Technologies Corporation (U.S.), Airmar Technology Corporation (U.S.), MORCOM International (U.S.), Gill Instruments Limited (U.K.), Hoskin Scientific (Canada)
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Market Opportunities
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Market Definition
A weather monitoring solution and services are a facility outfitted with cutting-edge instruments for forecasting future weather phenomena in a specific area. The weather monitoring solutions and services market is heavily investing in technological advancements in weather monitoring instruments and innovative data analytical models. To improve performance and operational efficiency, and an increase in application areas among end-users.
Global Weather Monitoring Solutions and Services Market Dynamics
Drivers
- rapid weather fluctuations and climate changes
Climate change has caused frequent changes in weather patterns, resulting in heat waves and droughts. Due to these weather fluctuations, the number of natural disasters has increased. Changing weather patterns are a source of concern in a variety of industries. A dependable system for advanced warning is essential for taking preventive measures that can save these industries from massive damages and losses. This, in turn, is expected to fuel the market for weather monitoring solutions and services.
- Constantly evolving and advancing technologies
Weather monitoring solution components are constantly evolving. The introduction of improved sensors has resulted in more accurate data collection. These sensors can withstand harsh environments and provide more accurate data in any weather condition. In addition, the use of IoT for weather monitoring solutions has improved data delivery. The introduction of IoT has resulted in improved, efficient, and timely data transfer between systems through improved system connectivity. These factors have led to improved weather forecasting services, which are expected to drive demand for weather monitoring solutions and services over the forecast period.
Opportunity
Advances in technology in the form of weather monitoring instruments, as well as increased government investment in technology to predict the intensity of extreme weather, increased awareness of the benefits of forecasting solutions, and a growing need to reduce costs for maintenance operations, will all lead to the growth of the weather monitoring solutions and services market.
Restraints
The increasing number of sensor functional issues and frequent inoperability are acting as market restraints for the weather monitoring solutions and services market during the forecasted period.
This weather monitoring solutions and services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the weather monitoring solutions and services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Weather Monitoring Solutions and Services Market
In 2020, the Covid-19 pandemic struck the world, causing travel restrictions and lockdowns. Government regulations and supply chain disruption hampered market participants' operations. Some market participants experienced negative or lower year-over-year (YoY) revenue growth during the fiscal year. Weather forecast accuracy was likely reduced as fewer flights operated during the lockdown period. Other observation systems, such as marine and satellites, were less affected.
Recent Development
- In March 2019 Vaisala Oyj was awarded a contract to provide an automated weather observation system to 31 airports in Argentina.
- In June 2019, Campbell Scientific, Inc. announced a collaboration with National Geographic to install an automated weather station at Mount Everest's highest weather station.
Global Weather Monitoring Solutions and Services Market Scope
The weather monitoring solutions and services market is segmented on the basis of type, and end-use industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Solution
- Hardware
- Software
- Data services
End user industry
- Transportation and Logistics
- Government
- Metrology
- Broadcast and Telecommunications
- Energy and Utilities
- Renewable Energy
- Agriculture and Fisheries
- Others
Weather Monitoring Solutions and Services Market Regional Analysis/Insights
The weather monitoring solutions and services market is analysed and market size insights and trends are provided by country, type and end user as referenced above.
The countries covered in the weather monitoring solutions and services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is a rapidly growing market, owing to the region's high risk of natural disasters and frequent climate changes. Asia-Pacific also has a significant agriculture industry that is heavily reliant on weather conditions. The agricultural industry in Asia-Pacific is estimated to witness a significantly high rate of adoption of weather monitoring solutions and services during the forecast period. The region is also experiencing a significant shift toward renewable energy, which is expected to increase the adoption of weather monitoring solutions. These factors are expected to significantly boost demand for weather monitoring solutions and services in this region in the near future.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Weather Monitoring Solutions and Services Market Share Analysis
The weather monitoring solutions and services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to weather monitoring solutions and services market.
Some of the major players operating in the weather monitoring solutions and services market are:
- Vaisala (Finland)
- Campbell Scientific, Inc. (U.S.)
- Met One Instruments Inc. (U.S.)
- Earth Networks (U.S.)
- AccuWeather, Inc. (U.S.)
- AnythingWeather Communications, Inc. (U.S.)
- Intermountain Environmental Inc. (U.S.)
- Baron Weather (U.S.)
- Climatronics (India)
- Columbia Weather Systems, Inc. (U.S.)
- Nvis Technolgies Pvt. Ltd. (U.S.)
- IBM Corporation (U.S.)
- Sutron (U.S.)
- Raytheon Technologies Corporation (U.S.)
- Airmar Technology Corporation (U.S.)
- MORCOM International (U.S.)
- Gill Instruments Limited (U.K.)
- Hoskin Scientific (Canada)
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