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Weather Forecasting Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global weather forecasting services market size reached US$ 1.82 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.21 Billion by 2027, exhibiting a growth rate (CAGR) of 9.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Weather forecasting is the prediction of weather with the application of innovative technologies and sciences for a specific location. It also predicts various changes on the surface of the earth caused by atmospheric conditions, such as snow and ice cover, storm tides, and floods. It assists farmers in controlling the pests and other crop diseases to spread over the field by determining the accurate period for using specific pesticides. In addition, it helps reduce weather-related losses and enhances societal benefits, such as the protection of life and property and public health and safety. As a result, weather forecasting services are used in transportation, aviation, energy and utilities, banking, financial services and insurance (BFSI), agriculture, manufacturing, and retail sectors around the world.

Weather Forecasting Services Market Trends:

The growing demand for weather forecasting services due to uncertain climate conditions and energy transitions represents one of the key factors driving the market. Besides this, there is a rise in the utilization of weather forecasting services by farmers to determine precipitation forecasts, wind alerts, and actionable insights for managing their operations, improving yields, and maximizing profits. This, along with the increasing employment of weather forecasting services in the agriculture industry to improve the irrigation method for boosting agricultural production and farming, is contributing to the growth of the market. Moreover, the growing employment of weather forecasting services in the aviation industry for navigation in extreme weather conditions is positively influencing the market. In addition, weather forecasting services enable safe and efficient network communications for land and sea rescue, administration, and support operations, which is propelling the growth of the market. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce supercomputers for ensuring accurate weather forecasts, which is expected to bolster the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global weather forecasting services market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on forecasting type, purpose, organization size and end user.

Breakup by Forecasting Type:

  • Short-range Forecasting
  • Medium-range Forecasting
  • Long-range Forecasting
     

Breakup by Purpose:

  • Operational Efficiency
  • Safety
  • Others
     

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium-Sized Enterprises
     

Breakup by End User:

  • Transportation
  • Aviation
  • Energy and Utilities
  • Banking, Financial Services and Insurance (BFSI)
  • Agriculture
  • Media
  • Manufacturing
  • Retail
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AccuWeather Inc., AerisWeather, BMT Group, Custom Weather, DTN, ENAV S.p.A., Fugro, International Business Machines Corporation, Met Office, Precision Weather Services, Skymet Weather Services Pvt. Ltd. and StormGeo AS.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Forecasting Type, Purpose, Organization Size, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AccuWeather Inc., AerisWeather, BMT Group, Custom Weather, DTN, ENAV S.p.A., Fugro, International Business Machines Corporation, Met Office, Precision Weather Services, Skymet Weather Services Pvt. Ltd. and StormGeo AS.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global weather forecasting services market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global weather forecasting services market?
  • What are the key regional markets?
  • What is the breakup of the market based on the forecasting type?
  • What is the breakup of the market based on the purpose?
  • What is the breakup of the market based on the organization size?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global weather forecasting services market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Weather Forecasting Services Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Forecasting Type
    6.1    Short-range Forecasting
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Medium-range Forecasting
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Long-range Forecasting
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Purpose
    7.1    Operational Efficiency
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Safety
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Organization Size
    8.1    Large Enterprises
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Small and Medium-Sized Enterprises
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by End User
    9.1    Transportation
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Aviation
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Energy and Utilities
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Banking, Financial Services and Insurance (BFSI)
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Agriculture
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Media
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Manufacturing
        9.7.1 Market Trends
        9.7.2 Market Forecast
    9.8    Retail
        9.8.1 Market Trends
        9.8.2 Market Forecast
    9.9    Others
        9.9.1 Market Trends
        9.9.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    AccuWeather Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    AerisWeather
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    BMT Group
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Custom Weather
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    DTN
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    ENAV S.p.A.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    Fugro 
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    International Business Machines Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Met Office
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Precision Weather Services
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    Skymet Weather Services Pvt. Ltd.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    StormGeo AS
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Weather Forecasting Services Market: Major Drivers and Challenges
Figure 2: Global: Weather Forecasting Services Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Weather Forecasting Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Weather Forecasting Services Market: Breakup by Forecasting Type (in %), 2021
Figure 5: Global: Weather Forecasting Services Market: Breakup by Purpose (in %), 2021
Figure 6: Global: Weather Forecasting Services Market: Breakup by Organization Size (in %), 2021
Figure 7: Global: Weather Forecasting Services Market: Breakup by End User (in %), 2021
Figure 8: Global: Weather Forecasting Services Market: Breakup by Region (in %), 2021
Figure 9: Global: Weather Forecasting Services (Short-range Forecasting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Weather Forecasting Services (Short-range Forecasting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Weather Forecasting Services (Medium-range Forecasting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Weather Forecasting Services (Medium-range Forecasting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Weather Forecasting Services (Long-range Forecasting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Weather Forecasting Services (Long-range Forecasting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Weather Forecasting Services (Operational Efficiency) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Weather Forecasting Services (Operational Efficiency) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Weather Forecasting Services (Safety) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Weather Forecasting Services (Safety) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Weather Forecasting Services (Other Purposes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Weather Forecasting Services (Other Purposes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Weather Forecasting Services (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Weather Forecasting Services (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Weather Forecasting Services (Small and Medium-Sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Weather Forecasting Services (Small and Medium-Sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Weather Forecasting Services (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Weather Forecasting Services (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Weather Forecasting Services (Aviation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Weather Forecasting Services (Aviation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Weather Forecasting Services (Energy and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Weather Forecasting Services (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Weather Forecasting Services (Banking, Financial Services and Insurance (BFSI)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Weather Forecasting Services (Banking, Financial Services and Insurance (BFSI)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Weather Forecasting Services (Agriculture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Weather Forecasting Services (Agriculture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Weather Forecasting Services (Media) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Weather Forecasting Services (Media) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Weather Forecasting Services (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Weather Forecasting Services (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Weather Forecasting Services (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Weather Forecasting Services (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Weather Forecasting Services (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Weather Forecasting Services (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North America: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North America: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United States: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United States: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Canada: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Canada: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia-Pacific: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Asia-Pacific: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: China: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: China: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Japan: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Japan: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: India: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: India: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: South Korea: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: South Korea: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Australia: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Australia: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Indonesia: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Indonesia: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Europe: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Europe: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Germany: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Germany: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: France: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: France: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: United Kingdom: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: United Kingdom: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Italy: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Italy: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Spain: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Spain: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Russia: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Russia: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Latin America: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Brazil: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Brazil: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Mexico: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Mexico: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Middle East and Africa: Weather Forecasting Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Middle East and Africa: Weather Forecasting Services Market: Breakup by Country (in %), 2021
Figure 91: Middle East and Africa: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Global: Weather Forecasting Services Industry: SWOT Analysis
Figure 93: Global: Weather Forecasting Services Industry: Value Chain Analysis
Figure 94: Global: Weather Forecasting Services Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Weather Forecasting Services Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Weather Forecasting Services Market Forecast: Breakup by Forecasting Type (in Million US$), 2022-2027
Table 3: Global: Weather Forecasting Services Market Forecast: Breakup by Purpose (in Million US$), 2022-2027
Table 4: Global: Weather Forecasting Services Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 5: Global: Weather Forecasting Services Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Weather Forecasting Services Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Weather Forecasting Services Market: Competitive Structure
Table 8: Global: Weather Forecasting Services Market: Key Players


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