The Weather Forecasting Systems Market is projected to grow from USD 2.2 billion in 2024 to USD 3.1 billion by 2029, at a CAGR of 7.0%. The growth of the market is attributed to the increasing demand for weather monitoring systems across various industries to align their business activities as per the changes in prevalent weather conditions. The market is also driven by the need for enhanced weather monitoring to support disaster management at a local, regional, and global level.
The key market players are primarily based in North America and Europe. Vaisala (Finland), DTN (US), AccuWeather Inc. (US), The Weather Company LLC (US), and StormGeo (Norway) are some of the major players of weather forecasting systems market. The key players are investing heavily in the development of new weather forecasting systems by integrating advanced technologies to enhance accuracy and predictions. These players have adopted various growth strategies to strengthen their position in the market. They are also focusing on partnerships and collaborations to expand their market presence and offer comprehensive solutions.
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Major Weather Forecasting Systems companies include:
Vaisala creates and sells electronic instruments and measuring systems. The company provides products for a range of applications, including as meteorology and hydrology, life sciences, food technology and agriculture, air quality monitoring and prediction, power sector, renewable energy, and air, land, and marine transportation. The company serves the military, airports, road transportation companies, meteorological institutes, and other organizations by providing weather radar systems. Vaisala introduced the Vaisala AWS810 Automatic Weather Station in October 2021 in an effort to keep people safe and secure in cities all around the world. With its extensive measurement, communication, and data monitoring capabilities, the Vaisala AWS810 Automatic Weather Station simplifies the creation, management, and long-term upkeep of modern observation networks.
DTN provides decision support tools and real-time information for financial and meteorological analytics. It was previously known as Data Transmission Network and Dataline. The company integrates analytical tools that help customers make business decisions and serves a variety of areas, including agriculture and energy. DTN's flagship weather service, AviationSentry Helicopter Edition, was introduced in Europe in May 2020.
Worldwide commercial weather forecasting services, including the national weather channel, are offered by AccuWeather Inc. It also provides news and weather material, along with an extensive array of highly tailored enterprise solutions for the media, business, government, and institutions. AccuWeather, Inc. also supplies news, weather data, and video to more than 180,000 third-party websites in addition to offering a range of highly customized corporate solutions to the media, business, government, and institutions. AccuWeather introduced a comprehensive hurricane tracker for online and mobile platforms in July 2021. The cutting-edge hurricane tracking feature shows eye path maps, impact visualizations, and easily navigable tools to track and monitor hurricanes for optimal safety, preparedness, and insight. The AccuWeather Forecast Eye Path maps are exclusive.
The Weather Company LLC is a leading provider of weather forecasting and information technology. To improve decision-making and help businesses adjust to the impact of weather on operations, it offers data, technological platforms, and services to the biggest companies in the world in the aviation, energy, insurance, media, and government sectors. In the areas of weather technology, weather data, broadcast technology, agriculture, energy, aviation, and retail data, the company provides goods and services.
In January 2021, The Weather Company extended its original agreement with the University Corporation for Atmospheric Research to serve as the backbone for dramatically advancing the capabilities of Numerical Weather Prediction with significant accuracy and reliability enhancements, improved operational efficiency, and better forecast targeting of underserved audiences or needs across all industries globally based on advanced scientific and technological capabilities available at IBM and UCAR.
Serving a global customer base with cutting-edge solutions through its global 24/7 forecasting desks and research and development (R&D) staff, StormGeo is a leading provider of data science, weather intelligence, and advanced weather forecasting solutions. For operations that are weather-sensitive, the organization offers decision help. It mainly caters to the media, oil and gas, cross-industry, maritime, renewable energy, and aviation sectors.
Related Reports:
Weather Forecasting Systems Market by Solution (Hygrometers, Anemometers, Big Data Analytics Software), Application (Satellites, Drones, Balloons), Forecasting Type (Nowcast, Short Range, Medium Range), Vertical, Purpose - Global Forecast to 2029
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