Press release
2025-2034 Weather Forecasting Services Market Roadmap: Insights for Competitive Advantage
Weather Forecasting Services
How Large Will the Weather Forecasting Services Market Size By 2025?
The market size of weather forecasting services has significantly increased in recent years. The growth from $2.26 billion in 2024 to $2.49 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.9%, is expected. This past growth can be attributed to factors such as heightened awareness and preparedness, business globalization, government funding in meteorology, the effects of extreme weather phenomena, and precise agricultural practices.
How Big Is the Weather Forecasting Services Market Size Expected to Grow by 2029?
The market size for weather forecasting services is predicted to expand significantly in the coming years, anticipated to achieve a size of "$3.56 billion by 2029, boasting a compound annual growth rate (CAGR) of 9.3%. Factors contributing to this surge during the forecast period include climate modeling, rising demand for renewable energy sources, integration with internet of things (iot), improved emergency management systems, as well as collaborations between public and private entities. Notable trends emerging during the forecast period encompass technological incorporation in aviation, developments in meteorological technology, advancements in numerical weather prediction, emergence of hyper-local weather forecasting and the growth in predicting extreme weather conditions.
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Which Key Market Drivers Powering Weather Forecasting Services Market Expansion and Growth?
The growth trajectory of the weather forecasting services market is speculated to be influenced positively by the amplified focus on weather monitoring for disaster management. The approach employs the use of environmental monitoring tools to gather and study weather data, facilitating informed decision-making. This offers high precision and reliable insights for monitoring weather patterns and changes in climate. For example, March 2022 saw Access Partnership, a technology-centric public policy consultation agency based in Belgium, forecast that there will be a 37% rise (from 442 to 541 incidents) in the global annual number of natural disasters by 2025. Consequently, the significance of weather monitoring for disaster administration is contributing to the expansion of the weather forecasting services market.
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Which Fast-Growing Trends Are Poised to Disrupt the Weather Forecasting Services Market?
The emergence of enhanced technology is a key trend shaping the weather forecasting services market. To keep up with this trend, firms within the industry are utilizing groundbreaking technologies such as artificial intelligence to maintain their market standing. For example, in October 2022, Switzerland's Jua.ai AG, a highly-regarded AI climate company offering insights and analysis for weather prediction, unveiled an AI-driven platform designed to provide tailored weather models for the meteorological sector. This innovative platform can anticipate various weather conditions, including precipitation, wind speed, and direction, along with air pressure. The model is refreshed every 15 minutes, substantially enhancing its ability to predict severe weather occurrences. Compared to traditional alternatives, it provides 25 times greater spatial resolution and ten times increased temporal resolution.
What Are the Emerging Segments in the Weather Forecasting Services Market?
The weather forecasting services market covered in this report is segmented -
1) By Type: Onshore Weather Forecasting Services, Offshore Weather Forecasting Services
2) By Forecast Type: Nowcast, Short-Range, Medium Range, Extended Range, Long Range
3) By Purpose: Operational Efficiency, Safety
4) By Organization Size: Large Enterprises, Small And Medium Enterprises
5) By Industry: Transportation, Aviation, Energy And Utilities, Banking Financial Services And Insurance (BFSI), Agriculture, Media, Manufacturing, Retail, Other Industries
Subsegments:
1) By Onshore Weather Forecasting Services: Local Weather Forecasts, National Weather Forecasts, Climate Monitoring Services
2) By Offshore Weather Forecasting Services: Marine Weather Forecasts, Coastal Weather Forecasts, Weather Routing Services
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Who Are the Global Leaders in the Weather Forecasting Services Market?
Major companies operating in the weather forecasting services market include AccuWeather Inc., Fugro NV, Met Office, The Weather Company (IBM), StormGeo AS, Precision Weather Service, DTN LLC, Earth Networks Inc., Spire Global Inc., The Tomorrow Companies Inc., ENAV S.p.A., BMT Group, Skymet Weather Services Pvt. Ltd., Skyview Systems Ltd., Jupiter Intelligence Inc., Weather Intelligence Pty. Ltd., WeatherBELL Analytics LLC, AerisWeather Inc., Custom Weather Inc., Vaisala Oyj, Ubimet GmbH, Clear Science Inc., Weather Source LLC, PESSL INSTRUMENTS GMBH, Weather Underground Inc., Climacell Inc., Windfinder GmbH, Meteoblue AG, Weatherbit Inc., Foreca Ltd., European Centre for Medium-Range Weather Forecasts, National Centers for Environmental Prediction
Which are the Top Profitable Regional Markets for the Weather Forecasting Services Industry?
North America was the largest region in the weather forecasting services market in 2024. The regions covered in the weather forecasting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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