weather forecasting system (device/equipment) market size, demand & global opportunity analysis...

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Global Weather Forecasting System Market Outlook:

Industry Insights & Opportunity Evaluation,

2015-2021


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Global Weather Forecasting System Market

Overview

Natural calamities such as storms, cloud bursts, etc., have

always been a major concern in-front of the world.

Weather forecasting is a tool which helps to foresee the

environmental and atmospheric conditions of a particular

region.

The global weather forecasting system market is

envisioned to escalate from USD 1.5 Billion in 2015 to

reach USD 2.2 Billion in 2021, registering a compound

annual growth rate (CAGR) of 7.0%. Geographically, the

global gigabit Wi-Fi market is segmented into North

America, Latin America, Western and Eastern Europe,

Asia-Pacific, Middle East and North Africa (MENA) and

Rest of World.

Market Segmentation

By End Users

The global weather forecasting system market is

segmented based on end users into agriculture, aviation,

marine, energy, military and transportation.

By Component

On the basis of components, the global weather forecasting

system market is divided into data software, hardware,

data loggers and sensors.


By Equipment

Based on equipment, the global weather forecasting

systems market is segmented into anemometer,

hygrometer, barometer, sling psychrometer, thermometer,

rain gauge and weather balloons.

By System Type

Based on system type, the global weather forecasting

system market is segmented into weather radar, weather

satellite systems, sounding systems, weather station and

radiosondes.

By Forecast Type

Global weather forecasting system market is segmented on

the basis of forecast type into normal range, short range,

medium range and long range.

Growth Drivers and Challenges

Expansion of the global weather forecasting system market

is expected to get sparked from some of the major factors

including increase in travel via air and sea, growing safety

concerns, and unpredictability in rainfall.

In addition to that, strengthening economy of some of the

developing economies is also anticipated to augment the

growth of global weather forecasting system market in

future.


However, higher equipment cost along with complexity of

weather forecasting procedures is likely to dampen the

growth of global weather forecasting system market over

the forecast period i.e. 2015-2021.

Market Size and Forecast

At present, North America holds the top rank in global

weather forecasting systems market followed by Europe.

Asia-Pacific weather forecasting system market is

anticipated to witness the highest compound annual

growth rate (CAGR) of 7.5% over the forecast period i.e.

2015-2021. The market in the region is likely to thrive

from rapid growth in transportation in some of the major

countries such as India and China. In addition to that,

dependency on rainfall for an agrarian economy i.e. India

is also believed to soar the demand of an efficient weather

forecasting system in Asia-Pacific region in coming 4-5

years.

Key Players

Global weather forecasting system market is very

competitive and includes some of the top players such as

Campbell Scientific, Inc., Vaisala Oyj, Airmar Technology

Corporation, Columbia Weather Systems, Morcom

International, Inc., All Weather, Inc., Inc., Thales S.A., etc.


Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

North America (U.S., Canada)

Latin America (Mexico, Brazil, Rest of Latin America)

Western and Eastern Europe (Germany, Italy, Spain,

France, U.K, Benelux, Hungary, Rest Of Western

Europe, Russia Poland, Rest of Eastern Europe)

Asia-Pacific (China, India, Singapore, Japan, Australia

& New Zealand & Rest of Asia)

Rest of World

Segmentation

By End Users

By Component

By Equipment

By System Type

By Forecast Type

By Geography

Market Dynamics

Supply & Demand Risk

Competitive Landscape


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Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their

Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in

current dynamic environment

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forecasting-system-market-analysis-opportunity-outlook-

2021/113

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weather forecasting system (device/equipment) market size, demand & global opportunity analysis...

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