Global $1.3 Bn Weather Forecasting Services Market, 2026

DUBLIN, Jan 2, 2019 /PRNewswire/ --

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The weather forecast solutions market was valued US$ 1,300.5 Mn in 2017 and estimated to grow with a CAGR of 4.6% during the forecast period from 2018 to 2026.

Market Insights

Predicting weather was always a challenging but vital part of human evolution. From agriculture & fisheries to modern day aviation industries depends extensively over precise weather predictions for the desired output and safety. The degree of precision improved significantly with time and especially in last few years. Technologies such as real-time data collection, analytic tools, artificial intelligence and advanced satellite images aiding weather forecasting companies to arrive at more precise and near to accurate weather predictions. Such prediction is proving to indivisible part in earning profits, utilization of resources and even life-saving in critical situations. Perpetual refinement in weather prediction and growing dependency of several end-use industries on forecast projected to propel the growth of weather forecasting services market throughout the forecast period from 2018 to 2026.

At present, weather forecasting for aviation industry dominated the market as weather forecasting can become vital factor for passengers' safety. Airports and air traffic control keep a hawk eye on slightest change in weather, thanks to weather forecasting. Weather forecasting also aids in reducing the overhead expenses in transportation & logistics and prevent heavy losses due to adverse weather conditions. Various other end-use industries including marine, agriculture & fisheries and most important energy & utilities relay extensively on weather forecast in order to obtain desired results. Significant growth in renewable energy generation also encouraged the weather forecasting services market as most of the renewable energy sources derive energy from elements of nature. Although predicting accurate and precise weather is still an inhibitor for market growth, incorporation of advanced technology can bridge the wide gap between predictions and actual weather conditions in coming years.

Competitive Insights:

Long-term association with end-use industries is one of the most prominent ways for weather forecasting service providers to stay competitive in this highly competitive market. Several local and international companies provide forecasting services but precision can make significant impact on the positions of these companies in the market.

 Some of the most prominent service providers in global weather forecasting services industry include Global Weather Corporation, AccuWeather Inc., BMT ARGOSS, Skymet Weather Services Pvt. Ltd., Precision Weather Service, The Weather Company, Fugro N.V., ENAV S.p.A., The Met Office and Skyview Systems Ltd among others.

Key Topics Covered:

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Research Methodology

1.4 Market Segmentation

Chapter 2 Executive Summary

2.1 Market Snapshot: Global Weather Forecasting Services Market

2.2 Global Weather Forecasting Services Market, by Forecasting Type

2.3 Global Weather Forecasting Services Market, by End-use Industries

2.4 Global Weather Forecasting Services Market, by Geography

Chapter 3 Market Dynamics

3.1 Global Weather Forecasting Services Market Overview

3.1 Market Dynamics

3.1.1 Market Drivers

3.1.1.1 Dependency of Several End-use Industries on Weather Forecast

3.1.1.2 Use of Advanced Technologies for Precise Weather Forecast

3.1.1.3 Monitoring Adverse Effects of Global Warming and its Effects

3.1.2 Market Challenges

3.1.2.1 Unreliability of Weather Forecast

3.2 See-Saw Analysis

3.2.1 Impact Analysis of Drivers and Restraints

3.3 Attractive Investment Proposition, by Geography, 2017

3.4 Market Positioning of Key Players, 2017

3.4.1 Major Strategies Adopted by Key Players

Chapter 4 Global Weather Forecasting Services Market Analysis, by Forecasting Type

4.1 Overview

4.2 Nowcast

4.3 Short-range Forecasting

4.4 Medium-range Forecasting

4.5 Long-range Forecasting

Chapter 5 Global Weather Forecasting Services Market Analysis, by End-use Industries

5.1 Overview

5.2 Agriculture & Fisheries

5.3 Aviation

5.4 Transportation & Logistics

5.5 Marine

5.6 Energy & Utilities

5.7 Media

5.8 Others (Hydrology, Military, Meteorology, etc.)

Chapter 6 North America Weather Forecasting Services Market Analysis

Chapter 7 Europe Weather Forecasting Services Market Analysis

Chapter 8 Asia Pacific Weather Forecasting Services Market Analysis

Chapter 9 Rest of the World (RoW) Weather Forecasting Services Market Analysis

Chapter 10 Company Profiles

10.1 AccuWeather Inc.

10.2 Global Weather Corporation

10.3 BMT ARGOSS

10.4 Skymet Weather Services Pvt. Ltd.

10.5 Precision Weather Service

10.6 The Weather Company

10.7 Fugro N.V.

10.8 ENAV S.p.A.

10.9 The Met Office

10.10 Skyview Systems Ltd.

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