Space Weather Forecasting Industry Outlook 2025-2029: Market Set to Cross $1.84 Billion Milestone

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Space Weather Forecasting Market Size By 2025?
The market size for space weather forecasting has seen a quick expansion recently. The market is projected to rise from $1.14 billion in 2024 to $1.26 billion in 2025, marking an impressive compound annual growth rate (CAGR) of 10.2%. The notable growth in the preceding period can be tied to a surge in space missions, increasing susceptibility of power grids, escalating commercial activities in space, widespread use of satellite-powered internet services, and increasingly prevalent deployment of cubesats and smallsats.

How Big Is the Space Weather Forecasting Market Size Expected to Grow by 2029?
Robust expansion is projected for the space weather forecasting market over the forthcoming years, anticipating a jump to $1.84 billion by 2029, marked by a compound annual growth rate (CAGR) of 9.9%. This projected growth throughout the forecast period is linked to the escalation in satellite launches, surging need for real-time space weather information, increased occurrences of solar storms, elevated investment in space exploration, and the rising imperative for aviation safety. Throughout the forecast period, key trends are anticipated to encompass advancements in satellite technology, the amalgamation of artificial intelligence and machine learning, progression in solar observation tools, enhancement of cubesat and smallsat platforms, and the assimilation of multiple-satellite constellations.

View the full report here:
https://www.thebusinessresearchcompany.com/report/space-weather-forecasting-global-market-report

Which Key Market Drivers Powering Space Weather Forecasting Market Expansion and Growth?
The upward trend in the deployment of satellites is anticipated to fuel the expansion of the space weather forecasting market. Satellite launches involve propelling artificial satellites into space using rockets, positioning them into specific orbits to serve several functions such as communication, observation, navigation, or scientific pursuits. The escalating demand for worldwide internet connectivity has resulted in an increased number of satellite launches, with companies deploying large groups of satellites in low Earth orbit. Space weather forecasting aids these initiatives by forecasting solar disturbances and radiation levels, which allows mission organizers to select safe moments to launch and protect satellites from possible harm. For instance, the Government Accountability Office, a US-based government agency, reported in September 2022 that as of spring the same year, there were approximately 5,500 active satellites in orbit, and it's believed that an extra 58,000 could be launched by 2030. Consequently, the surge in satellite launches is driving the expansion of the space weather forecasting market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=25611&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Space Weather Forecasting Market?
Major players in the space weather forecasting market are increasingly seeking to create novel products like enhanced space weather forecasting services to improve prediction precision and speed, particularly concerning solar storms, geomagnetic activity, and radiation threats. The term advanced space weather forecasting services pertains to sophisticated systems that utilize satellite information, AI models, and forecasts to anticipate and keep track of solar activity and its implications on Earth's structure. For example, Lynker Corporation, an American firm, introduced Lynker Space in 2024, August, supplying remarkably accurate, sector-specific space weather forecasts and warnings. Such services aid businesses in safeguarding their critical assets and ensuring uninterrupted operations amidst potential solar and geomagnetic hazards. Lynker Space is designed to provide actionable intelligence and sophisticated dashboards for immediate and long-term risk management, covering areas like satellite operations, aviation, and energy.

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

1) By Forecast Type: Solar Flare Forecasting, Geomagnetic Storm Forecasting, Solar Radiation Storm Forecasting, Other Forecast Types
2) By Forecasting Method: Ground-Based Observations, Satellite-Based Observations, Other Forecasting Methods
3) By Application: Aerospace, Defense, Power Grid, Satellite Communication, Other Applications
4) By End-User: Government, Commercial, Research Institutions

Subsegments:
1) By Solar Flare Forecasting: X-Class Flare Prediction, M-Class Flare Prediction, C-Class Flare Prediction
2) By Geomagnetic Storm Forecasting: Kp-Index Prediction, Auroral Activity Modeling, Dst-Index Analysis
3) By Solar Radiation Storm Forecasting: Solar Energetic Particle (SEP) Event Prediction, Radiation Dose Estimation For Aviation And Space Missions, Proton Flux Monitoring
4) By Other Forecast Types: Coronal Mass Ejection (CME) Forecasting, Interplanetary Magnetic Field (IMF) Modeling, Solar Wind Speed And Density Prediction

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=25611&type=smp

Who Are the Global Leaders in the Space Weather Forecasting Market?
Major Companies operating in the space weather forecasting market are Raytheon Technologies Corporation, Lockheed Martin Corporation, Airbus SE, Northrop Grumman Corporation, BAE Systems plc, L3Harris Technologies Inc., Met Office Space Weather Operations Centre, DTN, Rhea Group, British Antarctic Survey, Lynker Space, Japan Meteorological Agency, European Space Agency, Mission Space, Skolkovo Institute of Science and Technology, Space Environment Technologies, Ball Aerospace & Technologies Corp., Canadian Space Weather Forecast Centre, Finnish Meteorological Institute, Goddard Space Flight Center.

Which are the Top Profitable Regional Markets for the Space Weather Forecasting Industry?
North America was the largest region in the space weather forecasting market in 2024. The regions covered in the space weather forecasting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=25611

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.