weather forecasting services market is foreseen to grow by 9.4%, from USD
1,654.2 Million in 2021 to USD 3,394.2 Million in 2029. Demand for weather
forecasting services in modern-day agriculture, improving safety in airplane
operations, integration of weather forecasting services by transport and
logistics sectors is to drive the market for the upcoming forecast period.
However, complexity and lack of specialized weather forecasting models, dynamic
nature of atmospheric variables remains one factor hindering the market growth
over the anticipated period.
On the basis of
forecast type, the market is segmented into nowcast, short-range, medium-range,
extended-range, long-range. On the basis of purpose, the market is segmented
into operational efficiency, safety, others. On the basis of organization size,
the market is segmented into large enterprises, small & medium-sized
enterprises. On the basis of industry, the market is segmented into agriculture
& forestry, aviation, marine, transport & logistics, energy &
utilities, oil & gas, media, insurance retail, construction & mining.
have focused on various strategies like new product launches, acquisitions, and
mergers to strengthen their market position and expand the market share. Major players
in the Weather forecasting services market include BMT Group Ltd.,
Customweather, DTN, Earth Networks, Enav S.P.A., Fugro, Global Weather
Corporation, Jupiter Intelligence, Met Office, Meteologic, Meteosim, Precision
Weather, Saildrone, Skymet Weather Services Pvt.Ltd., Skyview Systems Ltd.,
Speedwell Weather Ltd., Stormgeo, Tempoquest, The Weather Company, Tomorrow.Io,
What is Weather
Weather forecasting services are a set of
decision-support solutions used to carry out weather-sensitive operations to
safeguard people, assets, and profits and improve business performance.
weather forecasting services market search study helps to thoroughly
understand the current trend in the market competitive analysis of the players
in the emerging market. Moreover, the DRO in the Weather Forecasting Services
market offers valuable perspicuity and a current scenario for making the right
decision. The research study covers the eminent players in the market with a
detailed analysis of the company and a financial overview containing their net
sales, business mix and geographical reach It mainly focuses on the key
developments of the products/services offered by the company in recent years.
Besides, we at Zettabyte have the expertise to analyses the global weather
forecasting services market player's competitive landscape helping the client
comprehend their specific strategic growth approaches.
services market study by "Zettabyte Analytics" offers details about
the market scope, market segmentation, technological advancement in the weather
forecasting services market and highlights the optimistic, competitive
landscape and trends enduring over the years.
Top Impacting Factors
Improving safety in airplane operations
significantly affect airplane operations. Low cloud, fog and rain may impede
visibility at or around an airport, while thunderstorms and lightning can cause
severe disruption to flight schedules. Accurate weather is critical to
aviation, as it can significantly impact the flight – both economically and
physically- especially on commercial airlines.
forecasting service plays an essential role in airplane operations. According
to The International Civil Aviation Organization (ICAO), flight safety has been
a primary concern. Growing safety concerns and advancements in airplane
operations have led to a more accurate forecast for different weathers. For
instance, the implementation of two global initiatives: the World Area Forecast
System (WAFS) and the International Airways Volcano Watch (IAVW), has helped a
smooth operation of the airplane industry over the estimated period.
Growth of renewable energy sector
According to the
International Energy Agency, the world's renewable energy capacity jumped 45%
in 2020. It's the most significant annual rate of increase since 1999. The rise
of volatile wind and solar power in Germany's electricity generation is one of
the driving factors for the growth of the renewable energy sector.
German power supplier Next Kraftwerke operates a large-scale virtual power
plant that integrates many renewable facilities – wind power, solar PV, biogas
– into one virtual complex. Thus predicting the power feed-in is much better
than other electricity marketers.
Integration of weather forecasting services
by transport and logistics sectors
The transport and
logistics sectors have a different approach to weather safety, and to continue
their operations in various regions, they follow separate customized weather
information. The rise in weather-related automobile crashes has witnessed a
surge in demand for weather forecasting services over the estimated period. For
instance, according to the U.S. Department of Transport (DOT), weather-related
automobile crashes have killed an average of 5,376 people annually, accounting
for about 16 per cent of all vehicular deaths, with more than 418,000 injuries
the 10-year average combined number of deaths each year from flooding,
lightning, tornadoes, hurricanes and heat is 379.
Figure 1 Average annual number of deaths by
weather type during the last 30 years.