Weather Forecasting Systems Market Trends That Will Shape the Next Decade: Insights from Innovations With Sophisticated Weather Monitoring Systems To Drive Market Growth

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How Large Will the Weather Forecasting Systems Market Size By 2025?
Over the past few years, the market size of weather forecasting systems has been consistently expanding. It is predicted that the market will increase from $2.6 billion in 2024 to $2.7 billion in 2025, showcasing a compound annual growth rate (CAGR) of 3.9%. The growth experienced in the historical period was due to factors such as the expansion of climate studies and monitoring, readiness for natural disasters, agricultural and crop management, air and maritime transportation, and the impacts of climate change.

How Big Is the Weather Forecasting Systems Market Size Expected to Grow by 2029?
In the coming years, the market size for weather forecasting systems is predicted to experience consistent expansion, set to reach $3.2 billion by 2029 with a compound annual growth rate (CAGR) of 4.3%. This growth during the forecast period can be credited to factors such as the integration of renewable energy, the rise of smart agriculture, extreme weather occurrences, environmental conservation efforts, space exploration and astronomy. Other significant trends anticipated during this period include high-definition weather modeling, the incorporation of AI and machine learning, visualization of weather data, weather app integration, and the monitoring of weather from space.

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Which Key Market Drivers Powering Weather Forecasting Systems Market Expansion and Growth?
The growing utilization of renewable energy sources, such as wind and solar power, is notably propelling the expansion of the weather forecasting systems market. Because solar and wind power generation is subject to weather conditions, it's necessary to use effective forecasting systems to minimize downtime and enhance efficiency. As an example, Climate Central, a non-profit news organization from the US, reported in April 2024 that the U.S. generated 238,121 gigawatt-hours (GWh) of electricity from solar energy in 2023, with California and Texas leading the pack. There's a significant preference among many Americans towards a boost in solar and wind energy production and a downward trajectory in carbon emissions. The nation's total solar capacity increased to around 139 gigawatts (GW) by the close of 2023 accruing from both utility-scale and small-scale entrants, registering a growth exceeding 26 GW or 23% in comparison to 2022. Consequently, the escalating reliance on renewable energy sources is anticipated to fuel the development of the weather forecasting systems market going forward.

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Which Fast-Growing Trends Are Poised to Disrupt the Weather Forecasting Systems Market?
In the weather forecasting systems sector, a prominent trend is the increased utilization of complex weather monitoring systems. Major firms in this sector are concentrating their efforts on building advanced weather monitoring systems to fortify their standing in the market. For example, in February 2024, India successfully deployed the INSAT-3DS meteorological satellite with the GSLV-F14 rocket at the Satish Dhawan Space Centre in Sriharikota. The sixth in the INSAT series, INSAT-3DS weighs 2,274 kilograms and boasts four features: a multispectral imager with six channels, a 19-channel sounder, a Data Relay Transponder (DRT), and a Satellite Aided Search & Rescue transponder (SAS&R). Such provisions are meant to deepen the understanding of environmental patterns, elevate weather prediction accuracy, maximize data use, and expedite emergency responses through modern satellite technology.

What Are the Emerging Segments in the Weather Forecasting Systems Market?
The weather forecasting systems market covered in this report is segmented -

1) By Type: Short-Range, Medium-Range, Long-Range
2) By Component: Data Loggers, Software, Sensors And Hardware
3) By Equipment: Barometer, Anemometer, Hygrometer, Rain Gauge, Thermometer, Sling Psychrometer, Weather Balloons
4) By End User: Aviation, Military, Energy, Agriculture, Marine, Transportation

Subsegments:
1) By Short-Range Forecasting: Nowcasting, Up To 3 days
2) By Medium-Range Forecasting: 3 To 10 days
3) By Long-Range Forecasting: 10 days To Several Months, Seasonal Forecasting

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Who Are the Global Leaders in the Weather Forecasting Systems Market?
Major companies operating in the weather forecasting systems market include The Weather Company, Sutron Corporation, Campbell Scientific Inc., Airmar Technology Corporation, All Weather Co., Morcom International, Columbia Weather Systems, G. Lufft Mess-und Regeltechnik, Vaisala Oyj, Skye Instruments Ltd., AccuWeather Inc., StormGeo AS, Lockheed Martin Corporation, Liquid Robotics Inc., Spire Global Inc., Earth Networks Inc., Skymet Weather Services, DTN Inc., Honeywell International Inc., International Business Machines Corporation, MeteoGroup, Raytheon Company, Tomorrow.io, OTT HydroMet Ltd., Athenium Analytics, WeatherOps, Fugro Inc., The Weather Network, Met Office, WeatherBug Org., Weatherzone Org., WeatherBell Analytics Org., Meteoblue AG, Meteo-France SA

Which are the Top Profitable Regional Markets for the Weather Forecasting Systems Industry?
North America was the largest region in the weather forecasting systems market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the weather forecasting systems market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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