Author: Vikas Kumar
14 January 2023
Theweather information technologies market is expected to witness a CAGR of around 8% during the forecast period. Weather information technologies provide predictions of the present atmospheric and weather conditions. Businesses that rely on the weather can use these technologies to make accurate forecasts and maximize their return on investment (ROI). Moreover, the Internet, wireless communication, digital database forecasting, next-generation workstations, and nowcasting systems are just a few of the innovations and technologies that have emerged in recent years that present an opportunity to enhance public weather services. For instance, in 2020, Microsoft Research and the University of Washington entered a collaboration and showed how artificial intelligence (AI) could analyze previous years’ weather patterns to forecast future events. The information in digital databases, next-generation workstations, and newly developed and emerging information technology systems and applications offer the opportunity to further enhance and integrate the dissemination and service delivery functions of public weather services.
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Based on component, the market is segmented into communication devices, monitoring devices, software, and others. Among them, the communication devices category is to witness significant growth during the forecast period owing to the advanced workstations, digital database forecasting, latest information technology systems, and applications offering lucrative opportunities to further improve and integrate public weather services (PWS) dissemination and service delivery functions.
On the basis of the forecast range, the market is categorized into short-range forecast, medium-range forecast, and long-range forecasts. Among these, the short-range forecast is to hold a significant share of the market in 2020. Short-range forecasts for periods on the order of hours to days and up to two weeks ahead are necessary to smoothly run transmission and distribution systems, plan maintenance, protect infrastructure and allocate units. These major factors will contribute to the growth of the market.
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For a better understanding of the market adoption of the weather information technologies market, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the large population and high demand for weather information technologies in various fields such as agriculture, defense, media, and transportation in the region. For instance, in 2021, the ZOGLAB fully automatic wind tunnel equipment was chosen to build the China Meteorological Administration’s provincial metrology laboratory. Furthermore, technological advancements in computing systems and a rise in the transport industry among developing nations are expected to drive the growth of the market during the forecast period.
Some of the major players operating in the market include IBM Corporation, All Weather Inc., Campbell Scientific Inc., Columbia Weather Systems Inc., General Acoustics e.K., Gill Instruments Limited, Lockheed Martin Corporation, Met One Instruments Inc., Optical Scientific Inc., and Vaisala.
Global Weather Information Technologies Market Segmentation
Market Insight, by Component
Market Insight, by Forecast Range
Market Insight, by Industry
Market Insight, by Region
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