The global market for Weather Forecasting Services is estimated at US$2.4 Billion in 2023 and is projected to reach US$4.3 Billion by 2030, growing at a CAGR of 8.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Trends such as the integration of AI and ML, the use of high-resolution satellite imagery, and the shift towards personalized weather services are enhancing the accuracy and relevance of weather forecasts. As these technologies continue to evolve, weather forecasting services will play an increasingly vital role in safeguarding lives, optimizing operations, and addressing the challenges posed by climate change and extreme weather events. The integration of next-generation forecast workstations and AI models is transforming weather forecasting, offering unprecedented accuracy and efficiency by analyzing vast amounts of meteorological data and identifying patterns that traditional models might miss. Advancements such as high-resolution satellite imagery and remote sensing technologies provide more detailed and real-time data, improving the precision of short-term and long-term weather forecasts. Additionally, there is a growing emphasis on personalized weather forecasting services. With the proliferation of mobile applications and IoT devices, consumers and businesses can receive tailored weather updates specific to their location and needs. This trend is driving the development of more user-centric forecasting platforms that offer hyper-local and real-time weather information. Some of the new tools allow for the creation of detailed 3D forecasts and short, engaging weather updates tailored to specific events and locations. These tools have gained traction for their ability to deliver personalized content that resonates with viewers, particularly during severe weather events.
Trends such as the integration of AI and ML, the use of high-resolution satellite imagery, and the shift towards personalized weather services are enhancing the accuracy and relevance of weather forecasts. As these technologies continue to evolve, weather forecasting services will play an increasingly vital role in safeguarding lives, optimizing operations, and addressing the challenges posed by climate change and extreme weather events. The integration of next-generation forecast workstations and AI models is transforming weather forecasting, offering unprecedented accuracy and efficiency by analyzing vast amounts of meteorological data and identifying patterns that traditional models might miss. Advancements such as high-resolution satellite imagery and remote sensing technologies provide more detailed and real-time data, improving the precision of short-term and long-term weather forecasts. Additionally, there is a growing emphasis on personalized weather forecasting services. With the proliferation of mobile applications and IoT devices, consumers and businesses can receive tailored weather updates specific to their location and needs. This trend is driving the development of more user-centric forecasting platforms that offer hyper-local and real-time weather information. Some of the new tools allow for the creation of detailed 3D forecasts and short, engaging weather updates tailored to specific events and locations. These tools have gained traction for their ability to deliver personalized content that resonates with viewers, particularly during severe weather events.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Short-Range Weather Forecasting Services segment, which is expected to reach US$1.6 Billion by 2030 with a CAGR of a 9.4%. The Nowcast Weather Forecasting Services segment is also set to grow at 9.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $621.0 Million in 2023, and China, forecasted to grow at an impressive 13.2% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Weather Forecasting Services Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Weather Forecasting Services Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Weather Forecasting Services Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Accuweather, Inc., Aerisweather, Bmt Group Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 33 Featured):
- Accuweather, Inc.
- Aerisweather
- Bmt Group Ltd.
- Climacell
- Customweather, Inc.
- Dtn
- Earth Networks, Inc.
- Enav S.P.A.
- Fugro
- Global Weather Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Accuweather, Inc.
- Aerisweather
- Bmt Group Ltd.
- Climacell
- Customweather, Inc.
- Dtn
- Earth Networks, Inc.
- Enav S.P.A.
- Fugro
- Global Weather Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 89 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 2.4 Billion |
| Forecasted Market Value ( USD | $ 4.3 Billion |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
