Weather Information Technologies Market to Witness an Outstanding Growth During 2019 – 2029

North America and APEJ were the dominant regions in the global weather information technologies market in 2016 in terms of revenue sales. In the years to come countries in North America are anticipated to be the key markets for sustainable revenue generation from weather information technologies. For instance, the U.S is likely to remain a key market in the global weather information technologies market. Significant market potential exists in countries in APEJ such as China, India and ASEAN. According to Future Market Insights analysis published in our recent report “Weather Information Technologies Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2017–2027,” new product launches and mergers and acquisitions of small and entry level players are projected to remain as the key strategies of prominent players in the global weather information technologies market to facilitate their sales growth. Furthermore, it has been observed that developing applications for weather information technologies in the renewable energy sector is the current global trend. After a detailed study of the global weather information technologies market, we have noticed that aerospace and defence remains the key industry growth sectors, accounting for over 20% of the total weather information technologies sales in 2016. Weather information technologies find major applications in the oil & gas industry used to support proper functioning of oil and fissile material extrusion plants.

Report Description

The key part of this report is Future Market Insights’ analysis and recommendations on the global weather information technologies market. The overview of the market mainly consists of market taxonomy and market dynamics that underlines factors influencing the growth of the global weather information technologies market. The analysts have provided key strategic recommendations for both existing and new players in the market to emerge sustainably profitable. Decline or increase in prices during the period of assessment is based on historic market trends; any decline or increase in prices over the forecast period is kept linear across countries. The general market scenario is assumed for weather information technologies sales and key growth driving factors are assumed to develop the market forecast. The report also covers the competitive landscape that provides a dashboard view of companies manufacturing and providing services in the global weather information technologies market. The report profiles some of the key players and provides a strategic overview of mergers and acquisitions along with their regional expansion plans.

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Market Segmentation

By Industry

·         Agriculture

·         Aerospace and Defence

·         Oil and Gas

·         Railways

·         Construction

·         Others

By Product

·         Weather System

·         Monitoring Devices

·         Software

·         Mounting Hardware

·         Communication Devices

By Region

·         North America

·         Latin America

·         Asia Pacific (Excluding Japan)

·         Japan

·         Eastern Europe

·         Western Europe

·         Middle East and Africa

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 Research Methodology

The research methodology of this comprehensive study is based on forecasts that focus on both global as well as regional trends in the economy, technology and population, along with company, product, country and demography specific trends. These trends are analysed thoroughly and underlying factors are also identified prior to incorporating in the report. Economic, technological, institutional, behavioural and competitive factors that may affect the global weather information technologies market are also considered. Forecasting models are developed in order to quantify the impact of each of these factors on industry spending. A forecast scenario for each causative factor is then created and the contribution of each factor is identified on a prospective basis. Figures are estimated in local currencies for each country and then converted to US dollars (US$) using the average 2015 exchange rate, which is held constant for each historical year and forecast year. This means the figures reflect realistic industry trends, rather than being distorted by fluctuations in international currency exchange rates.

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