Weather Forecasting Services Market Demand And Growth Analysis 2022-28

According to Precision Business Insights (PBI), the latest report the global weather forecasting services market size was valued at USD 1.66 billion in 2021 and is poised to grow at a significant CAGR of 12.6% during the forecast period 2022 to 2028. It owing to its crucial role in maintaining safety levels across the aviation, utilities, maritime, shipping, oil & gas, agriculture, media, retail, renewable energy, and insurance industries.

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Short Range Segment to Dominate the Weather Forecasting Services Market:
The Forecasting Type segment in the global weather forecasting services market is segmented into Short Range Forecast, Medium Range Forecast and Long-Range Forecast. The short-range forecast segment is expected to grow in the forecasted years. The short-range forecast segment is valued at USD x Million owing to its wide popularity among consumers. The short-range forecast segment is expected to grow and reach USD x million by 2028.

North America Weather Forecasting Services Market:
The weather forecasting market in North America is segmented into US and Canada. The North America dominated the global weather forecasting services market in 2021, accounted for USD x million and expand at a CAGR of x%. Presence of significant players such as The Weather Company, DTN, and AccuWeather, Inc. in the North America region poised to drive the growth of the market in forecast period. These businesses offer international weather coverage and support services. The Global Forecast System (GFS), which is managed by the National Centers for Environmental Prediction, a division of the National Oceanic and Atmospheric Administration, is the main model that the US uses.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global weather forecasting services market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, collaboration, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In November 2021, An agreement worth USD 125 million was signed between ENAV and the Ministry of Sustainable Infrastructures and Mobility for the implementation of certain projects. It includes air navigation support services, aeronautical information management systems, and drone operational services.

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The weather forecasting services market is segmented based on forecasting type, consumer type, end user, and geography.
Based on the Forecasting Type:
• Short Range Forecast
• Medium Range Forecast
• Long Range Forecast

Based on the Consumer Type:
• B2B Services
• B2C services

Based on the End User:
• Agriculture
• Aviation
• Insurance
• Media
• Transportation
• Oil & Gas
• Renewable Energy
• Retail
• Shipping
• Utilities
• Others

The global weather forecasting services market report key players are Fugro, Vaisala, Spire, The Weather Company, StormGeo, Accuweather, meteoblue, Met Office, METEO Group, Precision Weather, Campbell Scientific Inc., Global Weather Corporation, Tomorrow IO, ForecastWatch, Planalytics, Earth Networks, Skymet Weather Services, Athenium Analytics, Jupiter, Understory, Weather Source, LLC

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