Weather Forecasting Services Market
Weather Forecasting Services Market Size, Share & Trends Analysis Report by Forecasting Type (Nowcast weather forecasting services, short-term weather forecasting services, medium-term weather forecasting services, long-term weather forecasting services), by ownership (government-owned weather forecasting services, private-owned weather forecasting services), by end-user (Media, aviation, research, agriculture, events, retail, others (construction, energy, and utilities), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Weather forecasting services market is anticipated to grow at a significant CAGR of 9.1% during the forecast period. The market growth is attributed to factors such as the growth of the agriculture industry in terms of technology and yield, the growth of aviation, logistics transportation, and media industries, increasing demand for weather forecasting services from the government, and growing public awareness about weather forecasting, technological advancements in weather forecasting. This leads to increasing demand for weather forecasting services for instance, in June 2023, the UK Health Security Agency (UKHSA) launched a new Heat-Health Alerting (HHA) service in partnership with the Met Office. This will help to monitor the impacts of high temperatures on the health of populations and take preventive measures accordingly.
Segmental Outlook
The global startup accelerator tools market is segmented based on the Based-on forecasting type, ownership, and end-users. Based on the forecasting type, the market is further sub-segmented into nowcast, short-term, medium-term, and long-term weather forecasting services. Based on ownership, the market is sub-segmented into government-owned and privately-owned weather forecasting services.
Based on end-users, the market is sub-segmented into media, aviation, research, agriculture, events, retail, and others. Among the end-users, FinTech is anticipated to hold a considerable share of the market, owing to greater transparency, improved user experience, and increasing internet accessibility.
The agricultural industry is Anticipated to Hold a Prominent Share in the Global weather forecasting services Market.
Among the types, the agriculture sub-segment is anticipated to hold a prominent share of the market due to predicting crop yield, planning irrigation, and preventing crops from natural calamities and diseases. Considering unpredictable climate changes in recent years, the demand for weather forecasting services has increased significantly. For instance, in March 2023, Tamil Nadu Agricultural University (TANU) announced to installation village-wise weather forecast system by the end of the year. Under this program, the state government has established 385 automatic weather stations -224 in the first phase and 161 in the second phase. This initiative will help farmers across the state to make better crop management decisions and minimize crop loss due to extreme climate conditions.
Regional Outlook
The global weather forecasting services market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific region is expected to grow considerably in the coming years. According to the Organization of Economic Development (OECD)- Food and Agriculture Organization (FAO) report (base period 2018-2020), the region is anticipated to account for 53% of global agricultural and fish production by 2030. Rapidly growing populations and Gross Domestic Product (GDP) rates, increasing rates of foreign investments, adoption of technology, improving government policies, and changing climate conditions are some of the key factors for the growth of weather forecasting services in this region.
Global Weather Forecasting Services Market Growth by Region 2023-2030
Latin America and the Caribbean are Expected to Hold a Prominent Share in the Global Weather Forecasting Services Market.
Among all regions, Latin America and the Caribbean are expected to hold a prominent share of the weather forecasting services market. The regional market growth is attributed to factors such as growing population, growth in agricultural industries and overall GDP, adoption of advanced technologies, and changing weather conditions. For instance, as per the Organization of Economic Development (OECD)- Food and Agriculture Organization (FAO) report (base period 2020-2022), Agricultural and fish production in the region is projected to expand by 12% by 2032. Almost 70% of this growth is expected to come from crop production (+17%), compared to a more muted expansion of 11% in the livestock sector and a contraction of 10% in the value of fish production. Apart from this, the regional population is also expected to reach 700 million by 2032. This will help the growth of weather forecasting services in this region.
Market Players Outlook
The major companies serving the global weather forecasting services market include AccuWeather, Inc., International Business Machines Corporation (IBM), DTN, Earth Networks, Inc., WeatherBELL Analytics, LLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including collaborations with private and government players and adopting new technologies such as Artificial Intelligence (AI)/Machine Learning (ML) to stay competitive in the market. For instance, in December 2022, DeepMind and Google introduced GraphCast, an ML-based weather simulator that can produce 10-day forecasts in less than 60 seconds. GraphCast created an autoregressive model using graph neural networks (GNN) in an encode-process-decode configuration. This technology can be used in various meteorological applications such as seasonal climate predictions, wildfires, and animal and human activities.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global weather forecast services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. AccuWeather, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Advanced Environmental Monitoring LLC
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.3.5. International Business Machines Corporation (IBM)
3.3.6. Overview
3.3.7. Financial Analysis
3.3.8. SWOT Analysis
3.3.9. Recent Developments
3.4. Key Strategy Analysis
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Weather Forecasting Services Market, By Forecasting Type
5.1.1. Nowcast forecasting services
5.1.2. Short-term forecasting services
5.1.3. Medium-term forecasting services
5.1.4. Long-term forecasting services
5.2. Global Weather Forecasting Services Market, By Ownership
5.2.1. Government-owned weather forecasting services
5.2.2. Private-owned weather forecasting services
5.3. Global Weather Forecasting Services Market, By End-Users
5.3.1. Media
5.3.2. Aviation
5.3.3. Research
5.3.4. Agriculture
5.3.5. Events
5.3.6. Retail
5.3.7. others (Construction, Energy and utilities)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. AccuWeather, Inc.
7.2. British Broadcasting Corporation (BBC Weather)
7.3. Bureau of Meteorology (Australia)
7.4. China Meteorological Administration (CMA)
7.5. DTN
7.6. Advanced Environmental Monitoring LLC
7.7. European Centre for Medium-Range Weather Forecasts (ECMWF)
7.8. Foreca Ltd.
7.9. India Meteorological Department (IMD)
7.10. International Business Machines Corporation (IBM)
7.11. Japan Meteorological Agency (JMA)
7.12. Met Éireann (Ireland)
7.13. Météo-France
7.14. National Oceanic and Atmospheric Administration (NOAA)
7.15. Pelmorex Corp.
7.16. StormGeo AS
7.17. The Met Office (UK)
7.18. WeatherBELL Analytics, LLC
7.19. Weathernews Inc.
1. GLOBAL WEATHER FORECASTING SERVICES MARKET RESEARCH AND ANALYSIS BY FORECASTING TYPE, 2022-2030 ($ MILLION)
2. GLOBAL NOWCAST FORECASTING SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL SHORT-TERM FORECASTING SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL MEDIUM-TERM FORECASTING SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL LONG-TERM FORECASTING SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL WEATHER FORECASTING SERVICES MARKET RESEARCH AND ANALYSIS BY OWNERSHIP, 2022-2030 ($ MILLION)
7. GLOBAL GOVERNMENT-OWNED WEATHER FORECASTING SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL PRIVATE-OWNED WEATHER FORECASTING SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL WEATHER FORECASTING SERVICES MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
10. GLOBAL WEATHER FORECASTING SERVICES FOR MEDIA MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
11. GLOBAL WEATHER FORECASTING SERVICES FOR AVIATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
12. GLOBAL WEATHER FORECASTING SERVICES FOR RESEARCH MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
13. GLOBAL WEATHER FORECASTING SERVICES FOR AGRICULTURE MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
14. GLOBAL WEATHER FORECASTING SERVICES FOR EVENTS MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
15. GLOBAL WEATHER FORECASTING SERVICES FOR RETAIL MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
16. GLOBAL WEATHER FORECASTING SERVICES FOR OTHERS MARKET RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
17. GLOBAL WEATHER FORECASTING SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. NORTH AMERICAN WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
19. NORTH AMERICAN WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY FORECASTING TYPE, 2022-2030 ($ MILLION)
20. NORTH AMERICAN WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY OWNERSHIP, 2022-2030 ($ MILLION)
21. NORTH AMERICAN WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
22. EUROPEAN WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. EUROPEAN WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY FORECASTING TYPE, 2022-2030 ($ MILLION)
24. EUROPEAN WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY OWNERSHIP, 2022-2030 ($ MILLION)
25. EUROPEAN WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
26. ASIA-PACIFIC WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
27. ASIA-PACIFIC WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY FORECASTING TYPE, 2022-2030 ($ MILLION)
28. ASIA-PACIFIC WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY OWNERSHIP, 2022-2030 ($ MILLION)
29. ASIA-PACIFIC WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
30. REST OF THE WORLD WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
31. REST OF THE WORLD WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY FORECASTING TYPE, 2022-2030 ($ MILLION)
32. REST OF THE WORLD WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY OWNERSHIP, 2022-2030 ($ MILLION)
33. REST OF THE WORLD WEATHER FORECASTING SERVICES RESEARCH AND ANALYSIS BY END-USERS, 2022-2030 ($ MILLION)
1. GLOBAL WEATHER FORECASTING SERVICES MARKET SHARE BY FORECASTING TYPE, 2022 VS 2030 (%)
2. GLOBAL NOWCAST WEATHER FORECASTING SERVICES SHARE, 2022 VS 2030 (%)
3. GLOBAL SHORT-TERM WEATHER FORECASTING SERVICES SHARE, 2022 VS 2030 (%)
4. GLOBAL MEDIUM-TERM WEATHER FORECASTING SERVICES SHARE, 2022 VS 2030 (%)
5. GLOBAL LONG-TERM WEATHER FORECASTING SERVICES SHARE, 2022 VS 2030 (%)
6. GLOBAL WEATHER FORECASTING SERVICES MARKET SHARE BY OWNERSHIP, 2022 VS 2030 (%)
7. GLOBAL GOVERNMENT-OWNED WEATHER FORECASTING SERVICES SHARE, 2022 VS 2030 (%)
8. GLOBAL PRIVATE-OWNED WEATHER FORECASTING SERVICES SHARE, 2022 VS 2030 (%)
9. GLOBAL WEATHER FORECASTING SERVICES MARKET SHARE BY END-USERS, 2022 VS 2030 (%)
10. GLOBAL WEATHER FORECASTING SERVICES FOR MEDIA MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL WEATHER FORECASTING SERVICES FOR AVIATION MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL WEATHER FORECASTING SERVICES FOR RESEARCH MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL WEATHER FORECASTING FOR AGRICULTURE MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL WEATHER FORECASTING SERVICES FOR EVENTS MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL WEATHER FORECASTING SERVICES FOR RETAIL MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL WEATHER FORECASTING SERVICES FOR OTHER END-USER MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. GLOBAL WEATHER FORECASTING SERVICES MARKET SHARE BY REGION, 2022 VS 2030 (%)
18. US WEATHER FORECASTING SERVICES SIZE, 2022-2030 ($ MILLION)
19. CANADA WEATHER FORECASTING SERVICES SIZE, 2022-2030 ($ MILLION)
20. UK WEATHER FORECASTING SERVICES SIZE, 2022-2030 ($ MILLION)
21. FRANCE WEATHER FORECASTING SERVICES SIZE, 2022-2030 ($ MILLION)
22. GERMANY WEATHER FORECASTING SERVICES SIZE, 2022-2030 ($ MILLION)
23. ITALY WEATHER FORECASTING SERVICES SIZE, 2022-2030 ($ MILLION)
24. SPAIN WEATHER FORECASTING SERVICES SIZE, 2022-2030 ($ MILLION)
25. REST OF EUROPE WEATHER FORECASTING SERVICES SIZE, 2022-2030 ($ MILLION)
26. INDIA WEATHER FORECASTING SERVICES SIZE, 2022-2030 ($ MILLION)
27. CHINA WEATHER FORECASTING SERVICES SIZE, 2022-2030 ($ MILLION)
28. JAPAN WEATHER FORECASTING SERVICES SIZE, 2022-2030 ($ MILLION)
29. SOUTH KOREA WEATHER FORECASTING SERVICES SIZE, 2022-2030 ($ MILLION)
30. REST OF ASIA-PACIFIC WEATHER FORECASTING SERVICES SIZE, 2022-2030 ($ MILLION)
31. REST OF THE WORLD WEATHER FORECASTING SERVICES SIZE, 2022-2030 ($ MILLION)
