Weather Forecasting Services is the application of science and technology to predict the conditions of the atmosphere for a given location and time. Accurate weather predictions are important for businesses and industries like Aviation, Marine, Agriculture, Media and Consumer, Energy, etc. These are the main drivers for Weather Forecasting Services market in future period.
Based on end uses, the market is segmented into Aviation, Media and Consumer, Energy & Utilities, Transportation, BFSI, Agriculture, Marine and Others. In 2018, Aviation occupied the largest market share, 24.62%, Media and Consumer, Energy & Utilities, and Transportation segment followed with also notable market share.
In 2018, the global Weather Forecasting Services market size was 1609 million US$ and it is expected to reach 3443.1 million US$ by the end of 2025, with a CAGR of 7.5% during 2019-2025.
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This report focuses on the global Weather Forecasting Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Weather Forecasting Services development in North America, Europe, China, Japan, Southeast Asia and South America.
The key players covered in this study
- Global Weather Corporation
- Accuweather Inc.
- BMT ARGOSS
- Skymet Weather Services
- Precision Weather
- The Weather Company
- Enav S.p.A
- Right Weather LLC
- WeatherBell Analytics
- Hometown Forecast Services
- Sailing Weather Service
Market segment by Type, the product can be split into
- Short-range Forecasting
- Medium-range Forecasting
- Long-range Forecasting
Short-range forecasting's market share in 2018 is 40.5 percent, and it will grow fast from 2019 to 2025.
Medium-range forecasting takes almost 50% market share of weather forecasting services in 2018, and it will hold the largest share in the whole market in the next years.
The market share of long-range forecasting in 2018 is 9.8%.
Market segment by Application, split into
- Media and Consumer
- Energy & Utilities
Aviation takes 24.6% market share of weather forecasting services in 2018, and it will be the main application in the next years.
The market share of media and consumer in 2018 is 19.4 percent.
In 2018,energy and utilties have 11.6% market share,and it will show great change from 2019 to 2025.
Transportation's market share of weather forecasting services in 2018 is 12.7%.
BFSI represents 8.8% market share of weather forecasting services in 2018.
Agriculture has 8.4% market share of weather forecasting services in 2018.
Marine obtains the smallest market share of 7.06% in 2018.
The market share of others in 2018 is 7.2 percent.
Market segment by Regions/Countries, this report covers
- North America
- Southeast Asia
- South America
The study objectives of this report are:
- To analyze global Weather Forecasting Services status, future forecast, growth opportunity, key market and key players.
- To present the Weather Forecasting Services development in North America, Europe, China, Japan, Southeast Asia and South America.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
- To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Weather Forecasting Services are as follows:
- History Year: 2014-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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Table of content
Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Weather Forecasting Services Market Size Growth Rate by Type (2014-2025)
1.4.2 Short-range Forecasting
1.4.3 Medium-range Forecasting
1.4.4 Long-range Forecasting
1.5 Market by Application
1.5.1 Global Weather Forecasting Services Market Share by Application (2019-2025)
1.5.3 Media and Consumer
1.5.4 Energy & Utilities
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Weather Forecasting Services Market Size
2.2 Weather Forecasting Services Growth Trends by Regions
2.2.1 Weather Forecasting Services Market Size by Regions (2019-2025)
2.2.2 Weather Forecasting Services Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porter?s Five Forces Analysis
3 Market Share by Key Players
3.1 Weather Forecasting Services Market Size by by Players
3.1.1 Global Weather Forecasting Services Revenue by by Players (2014-2019)
3.1.2 Global Weather Forecasting Services Revenue Market Share by by Players (2014-2019)
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