Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Weather Information Technologies Market Size Expected to Grow from USD 12.54 Billion in 2023 to USD 36.38 Billion by 2033, at a CAGR of 11.24% during the forecast period 2023-2033.
The global weather information technologies market refers to the industry that focuses on creating, manufacturing, and distributing systems for atmospheric data analysis, climate monitoring, and weather forecasting. This industry includes services, software, and hardware that aid in the analysis and prediction of weather patterns for individuals, governments, and enterprises. The key driving factors for the growth of the weather information technologies market include the increasing effects of climate change. advanced weather forecasting and monitoring technologies are becoming more and more necessary as climate patterns become more unpredictable and extreme weather events become more frequent and intense. However, the high expense of sophisticated weather monitoring technologies, such as radar networks, satellites, and data processing infrastructure, restricts access for underdeveloped nations and small enterprises.
The monitoring devices segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period.
On the basis of component, the global weather information technologies market is divided into communication devices, monitoring devices, and software. Among these, the monitoring devices segment accounted for the largest revenue share in 2023 and is projected to grow at a significant CAGR during the forecast period. The segment growth is attributed to weather monitoring devices that are frequently used in a variety of industries, including agriculture, to gather and disseminate data on temperature, soil, humidity, moisture, the likelihood of rain, and other factors.
The weather monitoring segment accounted for the leading revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period.
On the basis of application, the global weather information technologies market is divided into air quality monitoring and weather monitoring and forecasting. Among these, the weather monitoring segment accounted for the leading revenue share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. Technologies for weather monitoring and forecasting are widely employed for operational excellence in a variety of industries, including aviation, supply chain management, transportation, public safety and governance, and disaster management.
The medium-range segment accounted for the largest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
On the basis of the forecast range, the global weather information technologies market is divided into short-range and medium-range. Among these, the medium-range segment accounted for the largest market share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment is driven because of increased precision, increased risk management efficacy, assistance with aircraft operations, affordability, and usability. Among the elements anticipated to impact its expansion are data assimilation strategies, real-time data integration, improved preparedness, and aid provided during catastrophe management.
Asia Pacific is anticipated to hold the largest share of the global weather information technologies market over the predicted timeframe.
Asia Pacific is anticipated to hold the largest share of the global weather information technologies market over the predicted timeframe. This region is expected to grow due to several factors, including the increasing effects of climate change in the region, the availability of advanced technologies, government investments in improving the capabilities of disaster management and calamity response teams, an increase in flood and landslide incidents, and the severe effects of global warming on the Himalayas.
North America is expected to grow at the fastest CAGR in the global weather information technologies market during the forecast period. The region's climate is changing due to global warming, and other factors like extreme air pollution, reliance on government weather forecasting agencies, government initiatives to enhance disaster or emergency management capabilities, and the existence of important transportation routes in the area are all contributing to the market's growth prospects.
Company Profiling
Major vendors in the global weather information technologies market are Lockheed Martin Corporation, Met One Instruments Inc., MORCOM International, Optical Scientific, Inc., PULSONIC, Skye Instruments Limited, The Weather Company LLC, Campbell Scientific, Inc., Columbia Weather Systems, Inc., General Acoustics e.K., Gill Instruments Limited, IBM and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global weather information technologies market based on the below-mentioned segments:
Global Weather Information Technologies Market, By Component
Global Weather Information Technologies Market, By Application
Global Weather Information Technologies Market, By Forecast Range
Global Weather Information Technologies Market, Regional
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