Weather Information Technologies Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Weather Information Technologies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global weather information technologies market grew at a CAGR of around 7% during 2015-2020. Weather information technologies predict atmospheric conditions effectively using complex scientific equipment and transports. They collect data using ships, airplanes, satellites, dropsondes, Doppler radars, and weather stations and buoys, which is channeled to supercomputers for generating and broadcasting severe weather advisories and providing alerts through the media or emergency systems. At present, the introduction of advanced forecast systems and rapid communication networks has enabled meteorologists to collect additional data, make faster predictions and improve public weather services.

A significant rise in air traffic represents one of the key factors escalating the demand for weather information technologies to provide accurate weather forecasts and avoid plane crashes. Additionally, they deliver preflight weather briefs and resource protection services in real-time for military aircraft. Apart from this, the increasing use of waterways for commercial and recreational purposes is increasing the demand for weather information technologies as they efficiently transmit detailed weather forecasts to vessel pilots, influencing marine transit safety. The growing focus on disaster management by governing agencies of numerous countries is further impacting the market growth. Moreover, the introduction of advanced radar remote-sensing systems is promoting the application of weather information technologies in the day-to-day planning of farm activities. They can also be utilized to predict and trade stocks in the agriculture commodity market. Furthermore, several utility companies are increasingly relying on weather forecasts to produce additional supplies during high demand and restrict them throughout blackouts, which is anticipated to strengthen the market growth. Looking forward, IMARC Group expects the global weather information technologies market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global weather information technologies market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, component, forecast range, application and end use.

Breakup by Component:

Communication Devices
Monitoring Devices
Software
Others

Breakup by Forecast Range:

Short-range Forecast
Medium-range Forecast
Long-range Forecast

Breakup by Application:

Air Quality Monitoring
Weather Monitoring and Forecasting

Breakup by End Use:

Agriculture
Aerospace and Defense
Transportation
Power and Energy
Oil and Gas
Meteorology and Weather Service Providers
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 All Weather Inc., Campbell Scientific Inc., Columbia Weather Systems Inc., General Acoustics e.K., Gill Instruments Limited, International Business Machines Corporation, Lockheed Martin Corporation, Met One Instruments Inc., Morcom International Inc., Skye Instruments Limited, Sutron Corporation (Danaher Corporation) and Vaisala Oyj.

Key Questions Answered in This Report:

How has the global weather information technologies 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 information technologies market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the forecast range?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use?
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 information technologies market and who are the key players?
What is the degree of competition in the industry?