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?
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