Global Weather Forecasting Systems Market SWOT Analysis, Rising Trends, New Technologies with Top Players | Airmar Technology Corp., All Weather, Campbell Scientific, Gill Instruments Limited, Earth Networks, Lockheed Martin Corporation

The Global Weather Forecasting Systems Market was valued at USD 2.7 Billion in 2021. The market is anticipated to grow USD 5.3 Billion in 2028, recording a CAGR of 7.4% in the projection period. In areas where weather forecasts are made, lighting is also seen as being of utmost importance because it affects the safety of the location. Weather forecast areas are analogous to tiny urban communities in terms of lighting applications, where weather forecast illumination is employed not just for border security but also inside of established territories.

The demand for weather forecasting solutions is expanding quickly as a result of technological developments in product offerings, an upsurge in the desire to enhance performance and operational efficiency, an increasing preference for sophisticated data analysis models, and an expansion of application areas among many end users. However, the complexity of weather forecasting models and a lack of skilled workers are predicted to impede the market's growth.

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Eminent Players to Focus on Various Strategies to Maintain Their Market Standing:

Leading businesses operating in the global Weather Forecasting systems market are aiming to employ several organic and inorganic strategies in order to gain a competitive edge and acquire high market share. A few of the key strategies adopted by these companies include R&D developments, mergers and acquisitions, partnerships, collaborations, and product innovations.

Key players profiled in the Global Weather Forecasting Systems market include:

Airmar Technology Corp.
All Weather, Inc.
Campbell Scientific, Inc.
Columbia Weather Systems Inc.
Gill Instruments Limited
Raytheon Technologies Corporation
Earth Networks
Lockheed Martin Corporation

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Global Weather Forecasting Systems Market Segmentation:

By Component

• Hardware
• Software

By Forecast Type

• Short-range
• Medium range
• Long Range
• Extended Range

Short-range segment to Dominate Due to Increased Adoption of User-specific Applications:

The short-range segment is anticipated to dominate the global weather forecasting systems market share due to the increasing adoption by various user-specific applications such as aviation, disaster management, hydrology, agriculture, and others. The objective of short-range weather forecasting segment is to confer multiple end users with details and news on the expected weather forecast for the next two or three days for sites in areas of a few million square kilometres, enabling to take appropriate precautions beforehand and thus minimising the destruction caused by severe weather conditions while heightening the advantages from those that are appreciative for various human activity.

By Application

• Weather Satellites
• Weather Observing Systems
• Weather Stations
• Weather Drones
• Weather Balloons
• Weather LiDAR
• Others

By Vertical

• Military
• Agriculture
• Aviation
• Renewable Energy
• Marine
• Oil & Gas

Increasing Demand for Various Military Applications:

The weather forecasting system is rising in popularity owing to the increased demand in various military applications such as air traffic management and continuous weather updates. Weather forecasting systems are anticipated to enhance their capabilities as computing systems evolve on a daily basis, enabling them to foretell and showcase accurate, precise weather conditions in the future.

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By Region:

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa

North America to Dominate Due to Advancements in Technology:

North America region to dominate the global weather forecasting systems market due to the presence of major players and technological improvements. Additionally, improvements in weather stations and satellites are progressing. However, due to the fact that nations in this region are focusing more on expanding investments in weather forecasting systems, the Asia-Pacific region is anticipated to see the greatest growth rate over the projected period of the worldwide weather forecasting systems market.

In nations like China and India, the transportation and logistics industries are expanding along with industrialization. In order to safeguard the environment and prevent upcoming energy crises, regional economies have also undertaken a number of projects related to the production of sustainable and renewable energy.

Recent Key Developments:

● April 2021: The Earth Prediction Innovation Center (EPIC) and Raytheon Company have entered into a strategic partnership to collaborate closely on Earth modelling while bringing together government, business, and academia.

Key Points from TOC:

Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Weather Forecasting Systems Market
…..TOC Continued

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