Unpredictable Climate Changes Are Propelling the Weather Forecasting Services Market | AccuWeather, Inc., International Business Machines Corporation (IBM), DTN, Earth Networks, Inc.,

The weather forecasting services market is anticipated to grow at a significant CAGR of 9.1% during the forecast period (2025-2031). The market growth is driven by the growth of the agriculture industry in terms of technology and yield, the growth of aviation, logistics transportation, and media industries, and the need for weather forecasting across these sectors. The increasing demand for weather forecasting services from the government, growing public awareness about weather forecasting, and technological advancements in weather forecasting, are additionally contributing towards market growth.

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The global weather forecasting services market is segmented by forecasting type (nowcast weather forecasting services, short-term weather forecasting services, medium-term weather forecasting services, long-term weather forecasting services), by ownership (government-owned weather forecasting services, private-owned weather forecasting services), by end-user (media, aviation, research, agriculture, events, retail, others (construction, energy, and utilities), and geography (North America, Europe, Asia-Pacific, and the Rest of the World).

Market Dynamics

The agriculture segment is anticipated to hold a prominent market share owing to the benefits of weather forecasting for the sector such as predicting crop yield, planning irrigation, and preventing crops from natural calamities and diseases. The unpredictable climate changes in recent years are additionally contributing to the increasing need for weather forecasting in the segment.

Asia-Pacific region is expected to grow considerably during the forecast period. The regional growth is attributed to the rapidly growing populations and Gross Domestic Product (GDP) rates in the region, increasing rates of foreign investments, technological advancements, and changing climate conditions.

The major companies serving the global weather forecasting services market include AccuWeather, Inc., International Business Machines Corporation (IBM), DTN, Earth Networks, Inc., WeatherBELL Analytics, LLC, and others. The market players are contributing significantly to the market growth by the adoption of various strategies including collaborations with private and government players and adopting new technologies such as Artificial Intelligence (AI)/ Machine Learning (ML).

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Recent Developments

In September 2024, the Ministry of Earth Sciences launched four X-band weather radars in Mumbai. The city now has six such monitoring systems covering an area of nearly 50,000 sq km together. The radars offer a real-time view of weather systems developing in and around Mumbai. Similar systems will additionally be launched in Delhi, Chennai, and Kolkata.

In May 2024, Zomato launched com. It is a crowd-supported weather infrastructure. It has a network of over 650 on-ground weather stations, making it the largest private infrastructure of its kind in India. It enables the users to access localized, real-time data on crucial weather parameters such as temperature, humidity, wind speed, and rainfall. It is currently operational in 45 major cities across India. The system was developed in collaboration with the Center for Atmospheric Sciences (CAS) and the Indian Institute of Technology (IIT) Delhi.

In February 2024, the Indian Space Research Organisation (ISRO) launched a meteorological satellite INSAT-3DS aboard spacecraft GSLV F14. The satellite will study weather forecasts and natural disaster warnings. The mission was fully funded by the Ministry of Earth Sciences (MoES).

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