Weather Forecasting Services Market 2018 – 2026 | Size, Share, Analysis and Forecast | Credence Research
May 7, 2019
Dependency Of End-Use Industries Stimulating The Weather Forecasting Services Market Growth
SAN JOSE, United States - May 7, 2019 /MarketersMedia/ —
According to a new market research report published by Credence Research “Weather Forecasting Services Market (by Forecasting Type: Nowcast, Short-range Forecast, Medium-range Forecast and Long-range Forecast; by End-use Industry: Agriculture & Fisheries, Aviation, Transportation & Logistics, Marine, Energy & Utilities, Media, and Others) - Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the weather forecast solutions market was valued US$ 1,300.5 Mn in 2017 and estimated to grow with a CAGR of 4.6% during the forecast period from 2018 to 2026.
Market Insights
Predicting weather was always a challenging but vital part of human evolution. From agriculture & fisheries to modern day aviation industries depends extensively over precise weather predictions for the desired output and safety. The degree of precision improved significantly with time and especially in last few years. Technologies such as real-time data collection, analytic tools, artificial intelligence and advanced satellite images aiding weather forecasting companies to arrive at more precise and near to accurate weather predictions.
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Such prediction is proving to indivisible part in earning profits, utilization of resources and even life-saving in critical situations. Perpetual refinement in weather prediction and growing dependency of several end-use industries on forecast projected to propel the growth of weather forecasting services market throughout the forecast period from 2018 to 2026.
At present, weather forecasting for aviation industry dominated the market as weather forecasting can become vital factor for passengers’ safety. Airports and air traffic control keep a hawk eye on slightest change in weather, thanks to weather forecasting. Weather forecasting also aids in reducing the overhead expenses in transportation & logistics and prevent heavy losses due to adverse weather conditions. Various other end-use industries including marine, agriculture & fisheries and most important energy & utilities relay extensively on weather forecast in order to obtain desired results.
Significant growth in renewable energy generation also encouraged the weather forecasting services market as most of the renewable energy sources derive energy from elements of nature. Although predicting accurate and precise weather is still an inhibitor for market growth, incorporation of advanced technology can bridge the wide gap between predictions and actual weather conditions in coming years.
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Market Segmentation
by Forecasting Type:
Nowcast
Short-range Forecast
Medium-range Forecast
Long-range Forecast
by End-use Industries (2016–2026; US$ Mn):
Agriculture & Fisheries
Aviation
Transportation & Logistics
Marine
Energy & Utilities
Media
Others (Hydrology, Military, Meteorology, etc.)
Competitive Insights:
Long-term association with end-use industries is one of the most prominent ways for weather forecasting service providers to stay competitive in this highly competitive market. Several local and international companies provide forecasting services but precision can make significant impact on the positions of these companies in the market. Some of the most prominent service providers in global weather forecasting services industry include Global Weather Corporation, AccuWeather Inc., BMT ARGOSS, Skymet Weather Services Pvt. Ltd., Precision Weather Service, The Weather Company, Fugro N.V., ENAV S.p.A., The Met Office and Skyview Systems Ltd among others.
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Key Analysis Covered:
Latest developments in weather forecasting services market and growth prospects for leading metrological and weather forecasting companies
Changing weather conditions and environmental conditions creating a positive impact on weather forecasting services market
Different type services provided to several end-use industries and their market estimations
Largest and fastest growing segments in terms of forecasting type and end-use industries
Most prominent geographical regions/ countries for the weather forecasting services market
Table of Content:
Chapter 1. Preface ........
Chapter 2. Executive Summary ........
Chapter 3 Market Dynamics ........
Chapter 4 Global Weather Forecasting Services Market Analysis, by Forecasting Type
4.1 Overview
4.1.1 Global Weather Forecasting Services Market Value Share, by Forecasting Type, 2017 & 2026 (Value, %)
4.1.2 Global Weather Forecasting Services Market Value, by Forecasting Type, 2016 – 2026 (US$ Mn)
4.2 Nowcast
4.2.1 Global Nowcast Weather Forecasting Services Market, 2016 – 2026 (US$ Mn)
4.3 Short-range Forecasting
4.3.1 Global Short-range Weather Forecasting Services Market, 2016 – 2026 (US$ Mn)
4.4 Medium-range Forecasting
4.4.1 Global Medium-range Weather Forecasting Services Market, 2016 – 2026 (US$ Mn)
4.5 Long-range Forecasting
4.5.1 Global Long-range Weather Forecasting Services Market, 2016 – 2026 (US$ Mn)
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Chapter 5 Global Weather Forecasting Services Market Analysis, by End-use Industries
5.1 Overview
5.1.1 Global Weather Forecasting Services Market Value Share, by End-use Industries 2017 & 2026 (Value, %)
5.1.2 Global Weather Forecasting Services Market Value, by End-use Industries 2016 – 2026 (US$ Mn)
5.2 Agriculture & Fisheries
5.2.1 Global Weather Forecasting Services Market for Agriculture & Fisheries, 2016 – 2026 (US$ Mn)
5.3 Aviation
5.3.1 Global Weather Forecasting Services Market for Aviation, 2016 – 2026 (US$ Mn) ........
Chapter 6 North America Weather Forecasting Services Market Analysis
6.1 Overview
6.1.1 North America Weather Forecasting Services Market Value, 2016-2026, (US$ Mn)
6.2 North America Weather Forecasting Services Market, by Forecasting Type, 2016 – 2026 (US$ Mn)
6.2.1 Comparative Analysis ........
Chapter 10 Company Profiles
10.1 AccuWeather Inc.
10.2 Global Weather Corporation
10.3 BMT ARGOSS
10.4 Skymet Weather Services Pvt. Ltd.
10.5 Precision Weather Service
10.6 The Weather Company
10.7 Fugro N.V.
10.8 ENAV S.p.A.
10.9 The Met Office
10.10 Skyview Systems Ltd
..................... toc continued
The complete Weather Forecasting Services report is available at https://www.credenceresearch.com/report/weather-forecasting-services-market
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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
Related Reports :
Global Weather Forecasting Services Market Research Report 2018
Global Weather Forecasting Systems Market Research Report 2018
Global Ground-based Weather Forecasting Systems Market Professional Survey Report 2018
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Source: MarketersMedia
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