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Weather Forecasting Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 145 pages | ID: WA13B1E20557EN
IMARC Group

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Market Overview:

The global weather forecasting services market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2028, exhibiting a growth rate (CAGR) of 9.1% during 2023-2028.

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 2023-2028. 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.

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 TABLES

Table 1: Global: Weather Forecasting Services Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Weather Forecasting Services Market Forecast: Breakup by Forecasting Type (in Million US$), 2023-2028
Table 3: Global: Weather Forecasting Services Market Forecast: Breakup by Purpose (in Million US$), 2023-2028
Table 4: Global: Weather Forecasting Services Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 5: Global: Weather Forecasting Services Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Weather Forecasting Services Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Weather Forecasting Services Market: Competitive Structure
Table 8: Global: Weather Forecasting Services Market: Key Players

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$), 2017-2022
Figure 3: Global: Weather Forecasting Services Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Weather Forecasting Services Market: Breakup by Forecasting Type (in %), 2022
Figure 5: Global: Weather Forecasting Services Market: Breakup by Purpose (in %), 2022
Figure 6: Global: Weather Forecasting Services Market: Breakup by Organization Size (in %), 2022
Figure 7: Global: Weather Forecasting Services Market: Breakup by End User (in %), 2022
Figure 8: Global: Weather Forecasting Services Market: Breakup by Region (in %), 2022
Figure 9: Global: Weather Forecasting Services (Short-range Forecasting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Weather Forecasting Services (Short-range Forecasting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Weather Forecasting Services (Medium-range Forecasting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Weather Forecasting Services (Medium-range Forecasting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Weather Forecasting Services (Long-range Forecasting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Weather Forecasting Services (Long-range Forecasting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Weather Forecasting Services (Operational Efficiency) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Weather Forecasting Services (Operational Efficiency) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Weather Forecasting Services (Safety) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Weather Forecasting Services (Safety) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Weather Forecasting Services (Other Purposes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Weather Forecasting Services (Other Purposes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Weather Forecasting Services (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Weather Forecasting Services (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Weather Forecasting Services (Small and Medium-Sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Weather Forecasting Services (Small and Medium-Sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Weather Forecasting Services (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Weather Forecasting Services (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Weather Forecasting Services (Aviation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Weather Forecasting Services (Aviation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Weather Forecasting Services (Energy and Utilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Weather Forecasting Services (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Weather Forecasting Services (Banking, Financial Services and Insurance (BFSI)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Weather Forecasting Services (Banking, Financial Services and Insurance (BFSI)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Weather Forecasting Services (Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Weather Forecasting Services (Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Weather Forecasting Services (Media) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Weather Forecasting Services (Media) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Weather Forecasting Services (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Weather Forecasting Services (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Weather Forecasting Services (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Weather Forecasting Services (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Weather Forecasting Services (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Weather Forecasting Services (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: North America: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: North America: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: United States: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: United States: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Canada: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Canada: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Asia-Pacific: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Asia-Pacific: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: China: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: China: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Japan: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Japan: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: India: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: India: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: South Korea: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: South Korea: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Australia: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Australia: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Indonesia: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Indonesia: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Europe: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Europe: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Germany: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Germany: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: France: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: France: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: United Kingdom: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: United Kingdom: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Italy: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Italy: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Spain: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Spain: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Russia: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Russia: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Latin America: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Latin America: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Brazil: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Brazil: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Mexico: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Mexico: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Others: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Others: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Middle East and Africa: Weather Forecasting Services Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Middle East and Africa: Weather Forecasting Services Market: Breakup by Country (in %), 2022
Figure 91: Middle East and Africa: Weather Forecasting Services Market Forecast: Sales Value (in Million US$), 2023-2028
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


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