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Weather Forecasting Services Market Report by Forecasting Type, Purpose, Organization Size, End User, and Region 2024-2032

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    Report

  • 142 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5947069
Description Jump to:
The global weather forecasting services market size reached US$ 2.2 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 4.4 Billion by 2032, exhibiting a growth rate (CAGR) of 8.0% during 2023-2032.

Weather forecasting is the prediction of weather with the application of innovative technologies and sciences for a specific location. It also predicts various changes on the surface of the earth caused by atmospheric conditions, such as snow and ice cover, storm tides, and floods. It assists farmers in controlling the pests and other crop diseases to spread over the field by determining the accurate period for using specific pesticides. In addition, it helps reduce weather-related losses and enhances societal benefits, such as the protection of life and property and public health and safety. As a result, weather forecasting services are used in transportation, aviation, energy and utilities, banking, financial services and insurance (BFSI), agriculture, manufacturing, and retail sectors around the world.

Weather Forecasting Services Market Trends:

The growing demand for weather forecasting services due to uncertain climate conditions and energy transitions represents one of the key factors driving the market. Besides this, there is a rise in the utilization of weather forecasting services by farmers to determine precipitation forecasts, wind alerts, and actionable insights for managing their operations, improving yields, and maximizing profits. This, along with the increasing employment of weather forecasting services in the agriculture industry to improve the irrigation method for boosting agricultural production and farming, is contributing to the growth of the market. Moreover, the growing employment of weather forecasting services in the aviation industry for navigation in extreme weather conditions is positively influencing the market. In addition, weather forecasting services enable safe and efficient network communications for land and sea rescue, administration, and support operations, which is propelling the growth of the market. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce supercomputers for ensuring accurate weather forecasts, which is expected to bolster the market growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global weather forecasting services market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on forecasting type, purpose, organization size and end user.

Breakup by Forecasting Type:

  • Short-range Forecasting
  • Medium-range Forecasting
  • Long-range Forecasting

Breakup by Purpose:

  • Operational Efficiency
  • Safety
  • Others

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium-Sized Enterprises

Breakup by End User:

  • Transportation
  • Aviation
  • Energy and Utilities
  • Banking, Financial Services and Insurance (BFSI)
  • Agriculture
  • Media
  • Manufacturing
  • Retail
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being AccuWeather Inc., AerisWeather, BMT Group, Custom Weather, DTN, ENAV S.p.A., Fugro, International Business Machines Corporation, Met Office, Precision Weather Services, Skymet Weather Services Pvt. Ltd. and StormGeo AS.

Key Questions Answered in This Report

1. What was the size of the global weather forecasting services market in 2023?
2. What is the expected growth rate of the global weather forecasting services market during 2024-2032?
3. What are the key factors driving the global weather forecasting services market?
4. What has been the impact of COVID-19 on the global weather forecasting services market?
5. What is the breakup of the global weather forecasting services market based on the forecasting type?
6. What is the breakup of the global weather forecasting services market based on the organization size?
7. What are the key regions in the global weather forecasting services market?
8. Who are the key players/companies in the global weather forecasting services market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Weather Forecasting Services Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Forecasting Type
6.1 Short-range Forecasting
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Medium-range Forecasting
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Long-range Forecasting
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Purpose
7.1 Operational Efficiency
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Safety
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Organization Size
8.1 Large Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Small and Medium-Sized Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End User
9.1 Transportation
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Aviation
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Energy and Utilities
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Banking, Financial Services and Insurance (BFSI)
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Agriculture
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Media
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Manufacturing
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Retail
9.8.1 Market Trends
9.8.2 Market Forecast
9.9 Others
9.9.1 Market Trends
9.9.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 AccuWeather Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 AerisWeather
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 BMT Group
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Custom Weather
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 DTN
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 ENAV S.p.A.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 Fugro
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 International Business Machines Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Met Office
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Precision Weather Services
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Skymet Weather Services Pvt. Ltd.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 StormGeo AS
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Weather Forecasting Services Market: Major Drivers and Challenges
Figure 2: Global: Weather Forecasting Services Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Weather Forecasting Services Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Weather Forecasting Services Market: Breakup by Forecasting Type (in %), 2023
Figure 5: Global: Weather Forecasting Services Market: Breakup by Purpose (in %), 2023
Figure 6: Global: Weather Forecasting Services Market: Breakup by Organization Size (in %), 2023
Figure 7: Global: Weather Forecasting Services Market: Breakup by End User (in %), 2023
Figure 8: Global: Weather Forecasting Services Market: Breakup by Region (in %), 2023
Figure 9: Global: Weather Forecasting Services (Short-range Forecasting) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Weather Forecasting Services (Short-range Forecasting) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Weather Forecasting Services (Medium-range Forecasting) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Weather Forecasting Services (Medium-range Forecasting) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Weather Forecasting Services (Long-range Forecasting) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Weather Forecasting Services (Long-range Forecasting) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Weather Forecasting Services (Operational Efficiency) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Weather Forecasting Services (Operational Efficiency) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Weather Forecasting Services (Safety) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Weather Forecasting Services (Safety) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Weather Forecasting Services (Other Purposes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Weather Forecasting Services (Other Purposes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Weather Forecasting Services (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Weather Forecasting Services (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Weather Forecasting Services (Small and Medium-Sized Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Weather Forecasting Services (Small and Medium-Sized Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Weather Forecasting Services (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Weather Forecasting Services (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Weather Forecasting Services (Aviation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Weather Forecasting Services (Aviation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Weather Forecasting Services (Energy and Utilities) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Weather Forecasting Services (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Weather Forecasting Services (Banking, Financial Services and Insurance (BFSI)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Weather Forecasting Services (Banking, Financial Services and Insurance (BFSI)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Weather Forecasting Services (Agriculture) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Weather Forecasting Services (Agriculture) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Weather Forecasting Services (Media) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Weather Forecasting Services (Media) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Weather Forecasting Services (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Weather Forecasting Services (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Global: Weather Forecasting Services (Retail) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Global: Weather Forecasting Services (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Global: Weather Forecasting Services (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Global: Weather Forecasting Services (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: North America: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: North America: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: United States: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: United States: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Canada: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Canada: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Asia-Pacific: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Asia-Pacific: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: China: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: China: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Japan: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Japan: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: India: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: India: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: South Korea: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: South Korea: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Australia: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Australia: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Indonesia: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Indonesia: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Others: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Others: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Europe: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Europe: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Germany: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Germany: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: France: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: France: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: United Kingdom: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: United Kingdom: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Italy: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Italy: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Spain: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Spain: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Russia: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Russia: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Others: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Others: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Latin America: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Latin America: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Brazil: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Brazil: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Mexico: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Mexico: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Others: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 88: Others: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 89: Middle East and Africa: Weather Forecasting Services Market: Sales Value (in Million US$), 2018 & 2023
Figure 90: Middle East and Africa: Weather Forecasting Services Market: Breakup by Country (in %), 2023
Figure 91: Middle East and Africa: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 92: Global: Weather Forecasting Services Industry: SWOT Analysis
Figure 93: Global: Weather Forecasting Services Industry: Value Chain Analysis
Figure 94: Global: Weather Forecasting Services Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Weather Forecasting Services Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Weather Forecasting Services Market Forecast: Breakup by Forecasting Type (in Million US$), 2024-2032
Table 3: Global: Weather Forecasting Services Market Forecast: Breakup by Purpose (in Million US$), 2024-2032
Table 4: Global: Weather Forecasting Services Market Forecast: Breakup by Organization Size (in Million US$), 2024-2032
Table 5: Global: Weather Forecasting Services Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: Weather Forecasting Services Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Weather Forecasting Services Market: Competitive Structure
Table 8: Global: Weather Forecasting Services Market: Key Players

Companies Mentioned

  • AccuWeather Inc.
  • AerisWeather
  • BMT Group
  • Custom Weather
  • DTN
  • ENAV S.p.A.
  • Fugro
  • International Business Machines Corporation
  • Met Office
  • Precision Weather Services
  • Skymet Weather Services Pvt. Ltd
  • StormGeo AS

Methodology

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Table Information

Report AttributeDetails
No. of Pages142
PublishedMarch 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 2.2 Billion
Forecasted Market Value ( USD ) by 2032 $ 4.4 Billion
Compound Annual Growth Rate8.0%
Regions CoveredGlobal
No. of Companies Mentioned12

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