With reach US$ 2,932.92 Million, Weather Monitoring System Market shares overview with 7.7% CAGR by 2028 - Exclusive Research by The Insight Partners

According to our latest market study on "Weather Monitoring System Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component (Hardware and Software) and Application (Metrology, Energy & Power, Transportation, Aviation, and Others), and Geography," the market is expected to grow from US$ 1,746.47 million in 2021 to reach US$ 2,932.92 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2021 to 2028.

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The aviation industry is susceptible to the weather, and no decision is taken without considering the weather. Pilots require real-time weather information to operate airplanes and helicopters in harsh environments to avoid accidents. The growing aviation industry with an increasing emphasis on new airports and up-gradation of the existing ones with advanced solutions, rising fleet size, surging focus on improving safety and operational efficiency, and advancement in avionics technology is likely to create a sustainable demand for weather monitoring services and drive the weather monitoring system market. Moreover, the increasing demand for helicopters in various applications such as emergency medical service, transportation, search and rescues, and others is creating growth opportunities for weather monitoring market systems in the aviation sector.

In addition, the increasing development and modernization of airports worldwide are expected to create lucrative opportunities for market players, further driving the market over the forecast period. For instance, in 2020, in India, Bengaluru-based CSIR-National Aerospace Laboratories (NAL) developed the Aviation Weather Monitoring System. Moreover, since 2021, China has been building 30 airports in Tibet and Xinjiang provinces. In Moscow, Russia, the East Line Group had undertaken the expansion of Domodedovo International Airport. Since 2021, The Department of Infrastructure and Regional Development and Western Sydney Airport Ltd. has been constructing an airport in New South Wales, Australia. Thus, the factors mentioned above are driving the weather monitoring system market.

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The increasing deployment of solar and wind plants globally due to the wide adoption of renewable energy is further driving the weather monitoring system market. The energy & power sector significantly depends on weather and climate variability. The energy & power sector has diverse requirements for meteorological services to support decision-making for both day-to-day operations and longer-term strategic planning. The weather monitoring system measures real-time data, such as air pressure, humidity, temperature, and wind speed, in the energy & power sector. The weather monitoring system is one of the most crucial instruments installed in energy plants and solar PV power plants.

Deployment of Wind Turbines and Solar Panels to Generate Renewable Energy

Governments worldwide have initiated various renewable energy generation projects to satiate the demand for energy without hindering the environment. Wind turbines and solar panels are the primary sources of generating renewable energies. Weather monitoring systems are used for high accuracy measurement of radiation, wind speed, wind direction, air temperature, humidity, module temperature, soiling, and other parameters for generating wind energy. In addition, the weather monitoring system is also used in solar plants as photovoltaic (PV). System performance depends on the quality of the system and weather. As weather is variable, the photovoltaic system's output changes and the solar radiation data affects the PV system's performance. Rising solar panels and wind turbines have propelled the weather monitoring system market. For example, The European Union has set ambitious CO2 reduction targets, stimulating renewable energy production and accelerating offshore wind energy deployment in the North Sea.

Weather Monitoring System Market: Competitive Landscape and Key Developments

Baron Services, inc.; Aeron Systems Private Limited; NVIS Technologies PVT. Ltd.; Logics POWERAMR; Boltek; Free Spirits Green Labs Private Limited; Telegrafia A.S.; Trinity Touch; Vaisala; and Trafitek are the leading companies operating in the weather monitoring system market.

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Players operating in the weather monitoring system market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

• In 2020, Vaisala launched its Automatic Weather Station AWS810 to empower communities worldwide to keep citizens safe and secure.

• In 2021, Baron has been contracted by Zimbabwe's Meteorological Services Department to provide five new weather radars to help improve public safety.

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