Research Nester published a report titled “Weather Forecasting System Market”: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global weather forecasting system market in terms of market segmentation by component type, forecast range, application, end-use, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global weather forecasting system market is anticipated to grow with a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. The market is segmented by end- use into transportation, aviation, agriculture, energy & utilities, marine, BFSI, meteorology, and weather service providers. Amongst these, the aviation segment is anticipated to grow at the highest rate during the forecast period on the back of the globally increasing incidences of flight cancellation and delay on account of weather disturbance.
Global Weather Forecasting System Market Regional Synopsis
The global weather forecasting system market is estimated to significantly grow backed by the increasing use of AI for weather forecasting process, since Artificial intelligence is proficient to study earlier weather patterns to predict upcoming scenarios faster and nearly as precise as present technology. Moreover, surge in heavy precipitation, escalating occurrences of tropical cyclones, and rise in heavy rainfall are also other major growth factors of global weather forecasting system market.
Regionally, the global weather forecasting system market is segmented into five major regions comprising of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific region is estimated to witness significant growth over the forecast period owing to the increasing events of natural hazards.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Climate Change to Lead the Growth of the Market
Since the human race has achieved so much good things by embracing lots of technology and did numerous activities for the evolvement of human civilization, the nature has suffered a lot. As a result, currently we are going through the climate change and its deep influences on the atmosphere of the earth. Now, there are rising incidents of natural hazards i.e., cyclones, earthquakes, global warming, heavy rain and snowfall and so on. Therefore, such influence of climate change is anticipated to drive the growth of the global weather forecasting system market.
However, lack of efficient automation, barriers of complexities in climate models, and high cost for the installation of the weather forecasting system are expected to operate as key restraint to the growth of global weather forecasting system market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global weather forecasting system market which includes company profiling of Skyview Systems Ltd, Columbia Weather Systems, Inc., AccuWeather, Inc., All Weather, Inc., ENAV S.p.A., MORCOM INTERNATIONAL, INC., AIRMAR Technology Corp., Hoskin Scientific, Raytheon Technologies Corporation, Fug ro, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global weather forecasting system market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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