Global Weather Forecasting Services Market Expected to Reach USD 4.67 Billion by 2033, North America led with 28.9% Market Share- IMARC Group

Global Weather Forecasting Services Market Statistics, Outlook and Regional Analysis 2025-2033

The global weather forecasting services market size was valued at USD 2.34 Billion in 2024, and it is expected to reach USD 4.67 Billion by 2033, exhibiting a growth rate (CAGR) of 7.55% from 2025 to 2033.

The growth of the global weather forecasting service market is propelled by the rapid development of technologies, such as advanced meteorological satellites, high-resolution weather models, and machine learning (ML) algorithms. These have significantly improved the precision and reliability of weather predictions, aiding the market growth. Moreover, these innovations enable organizations to make informed decisions based on real-time data, which is critical for sectors like agriculture, aviation, energy, and logistics, thus fueling the market demand. Besides this, climate changes, including frequent and severe weather events such as hurricanes, heatwaves, droughts, and floods, have heightened the demand for accurate and timely weather forecasts to mitigate risks and minimize economic losses, driving the market growth. For example, in June 2023, AccuWeather, Inc. released the AccuWeather HeatWave Counter and Severity Index, an innovative measure to enhance public understanding of heatwaves. Furthermore, industries like agriculture rely heavily on weather forecasting to optimize planting and harvesting schedules, which is providing an impetus to the market. Whereas, the aviation sector depends on these services to enhance safety and operational efficiency, thus catalyzing the market growth.

Concurrent with this, increasing integration of Internet of Things (IoT) devices with provisions of smart technologies in daily life has led to a surge in demand for highly accurate and localized information regarding the weather. This has further enhanced the home automation devices and urban management systems to adapt dynamically, aligning with the climate conditions and impelling the market growth. Furthermore, governments and public sector bodies are acting as another growth-inducing factor as they increasingly invest in weather forecasting systems to protect the population and infrastructure from the effects of weather. Additionally, the rising trend of public-private relations in the development of advanced meteorological services is contributing to the market expansion. For instance, in 40% of weather forecasts were enhanced with AI algorithms, and 35 meteorological agencies utilized machine learning models, while big data analytics processed over 2.5 quintillion bytes daily, improving the accuracy and specificity of weather predictions. Furthermore, the development of mobile applications and various digital platforms rendering real-time weather details, has made the forecasting accessible to a wide range of consumers, thus aiding the market growth. Apart from this, the rising importance of sustainability and disaster risk reduction creates a need for weather services to minimize climate risk and build organizational resilience, thereby propelling the market forward.

Global Weather Forecasting Services Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share on account of advanced technologies, expanding industry applications, and adoption of IoT-enabled systems.

North America Weather Forecasting Services Market Trends:

The market demand for weather forecasting services in North America is growing driven by the diverse climate, which is highly charged by events like cyclones, tornadoes, and snowstorms. Moreover, public safety and effective disaster preparedness promotes the need to accurately forecast the occurrences of such events. Additionally, the well-developed insurance industry uses weather data to estimate the exposure of the risks in the region. For instance, in 2024, the United States Department of Commerce and the National Oceanic and Atmospheric Administration (NOAA) released $15.3 million for improved climate and extreme events predictions for the future. Besides this, the availability of high class infrastructure in the sectors such as renewable energy (RE), construction and transport escalate the demand for accurate weather intelligence. Furthermore, the increasing governmental concern for environmental observation and management of solutions is thereby providing an impetus to the market.

Asia-Pacific Weather Forecasting Services Market Trends:

In Asia pacific, the market demand is surging, as the region is often affected by annual flooding, monsoons and typhoons which affect farming and structures. The growing urban population and industrial development also call for weather predictions to avert disasters and promote the seamless flow of activities, contributing to the market expansion.

Europe Weather Forecasting Services Market Trends:

The market demand in Europe is expanding, driven by the need to obtain climate data to support the RE program such as wind, power and solar energy adaptation. Furthermore, the region includes precision agriculture and tourism sectors which depend on accurate forecast, thus impelling the market growth.

Latin America Weather Forecasting Services Market Trends:

In Latin America, the market demand is rising, due to the dependency of the agriculture sector to solve the problems associated with weak and strong weather impact on the production of food items. With increasing efficiency of hydroelectric energy production, weather services are utilized to manage weather disturbances and improve the environment and economy, thereby fueling the market demand.

Middle East and Africa Weather Forecasting Services Market Trends:

The market demand in the Middle East and Africa is increasing, driven by the extreme weather conditions, such as heatwaves, sandstorms, and droughts. This is required to manage water resources and agricultural activities in the region. Additionally, the expansion of aviation and logistics sectors, coupled with investments in early warning systems is propelling the market forward.

Top Companies Leading in the Weather Forecasting Services Market Industry

Some of the leading weather forecasting services market companies include 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., among many others.

• In March 2024, StromGeo acquired 100% stake of the Brazilian based group Climatempo, solidifying its position in the market and enhancing its services across various industries.
• In March 2024, AccuWeather partnered with Ambient Weather to introduce the AccuWeather Ambient Weather Station product line, designed to provide users with real-time, hyperlocal weather data and allowing users to monitor and share weather updates within an interactive community.

Global Weather Forecasting Services Market Segmentation Coverage

• On the basis of the forecasting type, the market has been categorized into short-range forecasting, medium-range forecasting, and long-range forecasting, wherein medium-range forecasting represents the leading segment because it provides accurate information for further prediction and has an optimal time horizon for organizations that depend on favorable weather conditions in various fields. It is especially useful for arranging transportation, farm-relevant operations, and emergency responses which are needed for a specified period of three to ten days.
• Based on the purpose, the market is classified into operational efficiency, safety, and others, amongst which operational efficiency dominates the market as organizations require weather prediction to reduce severe losses and poor production in the market. This application is paramount within the transport, farming, and energy sectors since the prediction affects scheduling, supplies, and many ultimate decisions.
• On the basis of the organization size, the market has been bifurcated into large enterprises and small and medium-sized enterprises. Among these, large enterprises account for the majority of the market share because they consistently invest in reliable and customized forecasting technologies. These organizations need accurate weather information for mitigating risks, keeping their operations going in the wake of a storm and maintaining productivity on large projects spread over multiple regions.
• Based on the end user, the market is segregated into transportation, aviation, energy and utilities, banking, financial, services and insurance (BFSI), agriculture, media, manufacturing, retail, and others. In transportation, forecasts optimize route planning and ensure safety. Whereas aviation relies on accurate predictions for flight path management and passenger safety. Moreover, energy and utilities use weather data to forecast demand and manage RE production. Besides this, BFSI benefits from weather insights for controlling risk assessment and promote seamless processing. Furthermore, in agriculture, weather forecasts guide crop planning and irrigation. Concurrently, the media utilizes weather updates for broadcasting and audience engagement. In line with this, manufacturing depends on weather forecasts to maintain operational efficiency and prevent disruptions. Apart from this, retail uses seasonal predictions for inventory and marketing strategies.