Weather Information Technology Market is Expected to Expand at a CAGR of 6.1% from 2022-2029

The worldwide weather information technology market is set to partake in a valuation of US$ 4,772.7 Mn in 2022, and further extend at a CAGR of 6.1% to arrive at US$ 7,216.3 Mn continuously 2029.

New correspondence organizations and figure frameworks, for example, advanced information base determining, nowcasting frameworks, remote correspondence and others are arising and giving the potential chance to work on Public Weather Services (PWS).

Utilizing technology like increased reality, meteorologists are making visuals from weather radar and determining models, and assisting watchers with planning for future tempests.

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Weather information through mobile apps and websites, and promotion of commercial applications such as hyper-local forecast, stunning weather virtualization, and smart notification in APEJ are creating opportunities for global players.

Increasing Environmental Observations and Monitoring of Weather Information Technology Boost the Market Growth

Various technological trends that are changing all areas of the market are fueling advances in weather prediction. Advances in modeling and forecasting, cloud, big data and analytics, smart devices, and mobile computing are fueling innovations in service delivery.

Rapid growth in personal weather stations and smart connected devices has increased the data available for weather observation and monitoring and may have the potential to improve the accuracy of hyperlocal weather forecasts. Hence, the adoption of monitoring and environment observations is driving the growth of the weather information technology market.

For instance, in March 2021, the Lockheed martin Corporation successfully launched GOES-17 Satellite to provide broad coverage with powerful new weather monitoring technology for meteorologists. This satellite will continue to produce dazzling weather data that has captivated forecast.

More Valuable Insights on Weather Information Technology Market

FMI's report on the weather information technology market is segmented into six major sections such as solutions (systems, and services), applications (air quality monitoring, weather monitoring, weather forecasting, and others (chemical & space weather monitoring)), industry (utilities, agriculture, military & defense, transportation, marine, aviation, and others(mining, energy utilities, chemicals)), and region to help readers understand and lucrative evaluate opportunities in the weather information technology market.

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Competitive Landscape

Weather information technology providers are continuously focuses on cost reduction of the product and improved services by implementing different strategies such as product innovation, partnership, acquisition and geographical expansion. With these strategies, key players expect to strengthen their presence in the global market and develop advanced weather forecasting technologies.

• For instance, in September 2019, Lockheed Martin Corporation introduced new state-of-the art facility in Colorado Springs that lets the Air Force and others simulate, test and train in a multi-domain environment that reflects today's complex space environment.

• For instance, in September 2019, Accuweather introduced new product suit that enables advertisers and brands to utilize unique proprietary weather forecasts for targeted advertising via segments available on leading data platforms.

Key Takeaways - Weather Information Technology Market Study

• Demand from aviation industry would witness a high growth rate, owing to rising adoption of weather information technology in military & defense sectors.

• Market share held by air quality monitoring is projected to increase at a striking CAGR during the forecast period, due to increasing focus to monitor and control levels of air pollution.

• North America is anticipated to dominate the weather information technology market due to increasing application of supercomputing for weather forecast in the region.

• Management of climate and weather information technology can help better-informed policy for community and institutions that decrease related risks and offer efficient use of limited resources, livestock, improve fishery production, and increase the crop yield.

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Weather Information Technology Outlook By Category

By Solution :
• Weather Information Technology Systems
o Automatic Weather Stations
o Automated Weather Observing System (AWOS)
o Sounding Systems
o Weather Radar
o Others (Lightening, Air Quality)
• Weather Information Technology Services
o Maintenance Services
o Consulting Services

By Application :
• Air Quality Monitoring
• Weather Monitoring
• Weather Forecasting
• Others

By Industry :
• Utilities
• Agriculture
• Military & Defense
• Transportation
• Marine
• Aviation
• Others (Mining, Chemicals)

By Region :
• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Japan
• Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

This release was published on openPR.