• Stacy Lawlor

Global Weather Forecasting Systems Market Size to grow USD 5.3 Bn in 2028

Weather Forecasting Systems Market is projected to grow at a CAGR of 7.4% by 2028

Weather Forecasting Systems Market

The Global Weather Forecasting Systems Market Size was valued at USD 2.7 Bn in 2021. The market is projected to grow USD 5.3 Bn in 2028, at a CAGR of 7.4%. Weather forecasting areas are quite sensitive in terms of encompassing rationale security, monitoring, and 24x7 observations.

Weather Forecasting Systems Market

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Weather forecasting is a common application of science and technology to predict a region's meteorological and environmental conditions. Weather forecasting entails gathering quantitative data about a location's atmosphere and processing it using various scientific methodologies to predict atmospheric change. There are a variety of weather forecasting systems on the market, each of which is made up of different components such as sensors, communication devices, computing systems, and software. These systems are commonly used to gather, process, and interpret atmospheric data before distributing it to various channels around the world.


Weather forecasting systems assist businesses in making better trade decisions and optimising distribution, warehousing, and transportation activities. These systems are utilised in industries such as food technologies, agriculture, transportation, life science, renewable energy, and construction to improve decision making and reduce uncertainty induced by weather changes such as floods, droughts, and tornadoes. These factors are expected to boost the market's growth. As a result of the harm that urban air pollution poses to human health, organisations are increasingly turning to weather forecasting systems to preserve the environment. The technology aids in the measurement of meteorological conditions and the monitoring of air quality in order to estimate air quality. However, the industry's expansion is expected to be hampered by difficulties such as complications in weather forecasting methods and models.


The software segment is expected to dominate the market share of global weather forecasting systems market owing to the highly exact weather predictions, data collecting and processing software is becoming more widely used around the world. the short-range range segment is expected to dominate the market share of global weather forecasting systems market owing to the major adoption by various user-specific applications such as disaster management, hydrology, aviation, agriculture, and others. the weather satellites are expected to dominate the market share of global weather forecasting systems market owing to the rising demand for earth monitoring and weather watching systems are becoming increasingly important for measuring, monitoring, and providing significant information on a variety of climatic factors. transport & logistics segment is expected to dominate the market share of global weather forecasting systems market owing to the growing industrialization and demand of real-time delivery of shipment is required for the growth of global weather forecasting systems market.

Weather Forecasting Systems Market

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North America region is expected to dominate the market share of global weather forecasting systems market owing to the presence of key players and technological advancements in the region. In addition, advancements in weather satellites and weather stations in constant way. However, Asia Pacific region is expected to witness highest growth rate during the forecast period of global weather forecasting systems market due to the countries in this region are aiming more on increasing investments in weather forecasting systems. Growing industrialization and growth of transportation & logistics industry in the countries such as China and India.


KEY INDUSTRY DEVELOPMENTS:

April 2021- Raytheon Company and Earth Prediction Innovation Center (EPIC) has made a strategic agreement to work closely on the Earth modelling with the help of uniting academia, industry and government.


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https://extrapolate.com/aerospace-and-defence/weather-forecasting-systems-market/25628

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