Weather Information Technologies Market worth USD 18.1 billion by 2027 - Report by Intelligence Market Report

Global Weather Information Technologies Market is valued approximately USD 9.41 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.5 % over the forecast period 2020-2027. Weather information technologies include various communication and monitoring devices as well as software which accurately detect the upcoming events or any climatic or weather changes. This technology is widely used for getting real time result and also checks air quality to take preliminary measures for disaster management and mitigating risk. The integration of the Internet of Things (IoT) and Artificial Intelligence (AI) technologies into weather information systems coupled with surging penetration of smart phones and other consumer wearable devices for getting real-time result are the few factors responsible for growth of the market over the forecast period.

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For instance: as per Statista, the 65% of Brazilian population used smartphone in 2019 and is anticipated to rise to 75% of smartphone penetration in Brazil by 2025. Also, the number of smart phone users in Mexico was 76.99 million in 2019 and is expected to grow to 95.22 million smartphone users in 2025. Also, as per Statista, the global smart phone penetration rate was 33.5% in 2016 and raised to 44.9% in 2020. Similarly, according to Statista, the total installed Internet of Things (IoT) connected device was 23.14 billion in 2018 and is projected to rise by 75.44 billion worldwide by 2025. However, dynamic nature of atmospheric variables and high chances of inaccuracies is the major factor restraining the growth of global Weather Information Technologies market during the forecast period.

The regional analysis of global Weather Information Technologies market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the increasing demand from End-Use industries as well as rising government investments in commercial solutions, apart from their privately launched satellites.

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Major market player included in this report are:
All Weather, Inc. (AWI)
Campbell Scientific, Inc
Columbia Weather Systems, Inc.
General Acoustics e.K.
Gill Instruments Limited
IBM
Lockheed Martin Corporation
Met One Instruments Inc.
Morcom International
Optical Scientific, Inc.

By Component:
Communication Devices
Monitoring Devices
Software
Others

By Forecast Range:
Short-range Forecast
Medium-range Forecast
Long-range Forecast

By Application:
Air Quality Monitoring
Weather Monitoring & Forecasting

By End-Use:
Agriculture
Industrial
Transportation
Power & Energy
Government & Defense
Meteorology & Weather Service Providers
Others

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The regional analysis of global Weather Information Technologies market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the increasing demand from End-Use industries as well as rising government investments in commercial solutions, apart from their privately launched satellites.

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This release was published on openPR.