Weather Monitoring Solutions and Services Market Latest Advancement

Global Weather Monitoring Solutions and Services Market Overview

Weather Monitoring Solutions and Services Market Size Was Valued at USD 2.1 Billion in 2023, and is Projected to Reach USD 4.9 Billion by 2032, Growing at a CAGR of 7.0 % From 2024-2032.

A weather monitoring solution and services are a facility provided with high-tech instruments for forecasting future weather phenomena of the specific area. The weather monitoring solutions and services market is anticipated to observe a pour in the adoption of weather monitoring services in the emerged and emerging regions, due to technological innovations in weather monitoring instruments, growth in demand for innovative data analytical models, the increased requirement to enhance performance & operational efficiency and pour in application areas among end-users. Furthermore, the rise in the number of natural disasters owing to undesired climatic changes turns the growth of the global market. Authentic weather monitoring can lead to a reduction in operational & maintenance costs for business operations. The weather monitoring solutions and services are based on complex models, as a result, the industry needs trained geologists and meteorologists to perform these systems. Advancements in computing systems like advanced data analytics and model development are expected to offer profitable opportunities for weather monitoring services market players.

Weather monitoring solutions and services integrate a complete range of practices, solutions, tools, and techniques interrelated to the study of meteorology. The weather monitoring process involves the application of various software to analyze atmospheric data that provide the current or future state of the weather format for a particular location. Weather monitoring uses a huge volume of structured and unstructured data to deliver advanced analytical output while optimizing business revenues for various end-use industries. Weather monitoring solutions and services industry are currently implemented by agriculture, transportation, aviation, media, manufacturing, energy & utilities, banking financial services & insurance (BFSI), retail, others. These services allow to overcome the reduction in maintenance & operational costs for businesses and boost overall safety of life & property.

COVID-19 Impact on the Weather Monitoring Solutions and Services Market

The COVID-19 pandemic has impacted the weather monitoring solutions and services market significantly. Owing to the grounding of most of the global fleet, there has been a dramatic decrease in commercial aircraft flights, which supplies important weather observations. Information from commercial planes is one of the different sources that meteorological departments use to forecast the weather and contribute to the accuracy of estimating most weather phenomena, including hurricanes. Last Phase of March 2020, data given by US aircraft fell 50%, while, as per the European Centre of Medium-Range Weather Forecasts (ECMRWF), readings provided by aircraft over the continent declined by 80%. The center forecast that if all data given by aircraft were cut off, the accuracy of weather forecasts would be decreased by over 15%. There will be a significant disadvantage in both short and long-term readings due to the impact of COVID-19 on the global airline industry.

Market Dynamics and Factors of the Weather Monitoring Solutions and Services Market

Drivers:

Increased Weather Variation Owing to Damage to Life and Property

Global warming has led to quick changes in weather patterns, leading to heatwaves and droughts. The number of incidents of natural disasters has increased due to these variations in weather. Fluctuating weather conditions are a cause of concern over various sectors. A reliable system for the modern warning is important to take preventive steps, which can save these industries from massive damages and losses. This, in turn, is anticipated to turn the weather monitoring solutions and services market.

Launching of Technologically-Advanced Weather Monitoring Systems

The components of weather monitoring solutions are continuously growing. The introduction of modern sensors has resulted in the collecting of proper and authentic information. These sensors are capable of continuing in robust environments and can offer more authentic data in any weather condition. Moreover, the launch of IoT for weather monitoring solutions and services has improved data delivery. The launch of IoT has helped to efficient, improved, and timely data transfer between systems through improved system connectivity. These factors have resulted in improved weather forecasting services, which, in turn, is anticipated to turn the demand for weather monitoring solutions and services over the forecast period.

Restraints:

Performing Problems of Sensors in Rough Environments

The operation of weather monitoring solutions and services primarily depends on sensors. Sensors act as a key role in the transmission of signals and data to the desired end-user. The inability of sensors to offer authentic data in a rough environment is a major factor hampering the market. Sensors may not always cater to correct readings in case of sudden shock or disturbance. Sensors are also probably to suffer damage during impetuous readings. This may influence the performance of weather monitoring solution systems, and also offer inaccurate information. This factor is expected to restraint the market across the projected period.

Furthermore, high cost related with the instruments and software used for the service, extensive competition between the key players in the market are factors will hamper the weather monitoring solutions and services market during the forecast period.

Opportunities:

The requirement to overcome costs towards maintenance operations, growth in air traffic, increase in need to decline economic turnback, and rise in awareness towards forecasting solutions are estimated to offer lucrative opportunities for the market in the future years.

Moreover, rising consciousness related to forecasting solutions and their services, and the growing demand for estimating solutions from the agriculture sector will create tremendous opportunities in the future.

Market Segmentation

Segmentation Analysis of Weather Monitoring Solutions and Services Market:

Based on Type, the solutions segment dominated the market and is anticipated to continue leading over the forecast period. The high growth can be attributed to improved computing and enhanced data analytics offered by solutions, which aids in declining operational and maintenance costs.

Based on Application, the transportation & logistic segment is anticipated to dominate the market over the forecast period due to widespread acceptance of the latest weather prediction models for air, land, and sea transportation. The growing adoption of weather monitoring solutions and services by airports, due to stringent rules by aviation authorities, has resulted in this leading position.

Regional Analysis of the Weather Monitoring Solutions and Services Market:

North America region is expected to dominate the market during the forecast period. Factors such as fast technological developments, augmentation of digital services throughout all key verticals, and early adoption of modern technologies in various sectors such as agriculture military & defense, renewable energy, and transportation are influencing the growth of the region positively. Furthermore, owing to the frequency of a large number of airports in the region which aids to the growth of the market during the forecast period.

The Asia Pacific is expected to develop as the fastest growing regional market throughout the forecast period. Strict regulatory norms, rising sea & air transportation, and rainfall dependence for water supply are the major factors augmenting the growth of the regional market. In addition, rising requirement for disaster management owing to different natural calamities is anticipated to trigger the demand for weather monitoring systems and solutions in the region.

Players Covered in Weather Monitoring Solutions and Services Market are:

• IBM Corporation
• Baron Services Inc.
• Gill Instruments Limited
• Vaisala
• Campbell Scientific Inc.
• Met One Instruments Inc
• GLOBAL WEATHER CORPORATION.
• Earth Networks Accuweather Inc
• AnythingWeather Communications Inc
• MORCOM International
• Nvis Technologies Pvt. Ltd.
• Intermountain Environmental Inc.
• Ecotech Pty Ltd.
• Columbia Weather Systems Inc.
• Sutron
• Raytheon Company
• Hoskin Scientific
• Airmar Technology Corp.
• Coastal Environmental Systems Inc and other Major Players.

Key Industry Development in the Weather Monitoring Solutions and Services Market

• In Nov 2024, Gov. Jim Justice and the West Virginia Department of Transportation (WVDOT) announced a contract to replace and upgrade roadside weather information systems across the state. The initiative will enhance safety by improving real-time weather and road condition updates for drivers. The new systems will replace outdated equipment, ensuring more reliable information. This investment underscores the state’s commitment to modernizing infrastructure and enhancing driver awareness during adverse weather conditions.
• In May 2024, Airbus has been selected by the European Space Agency (ESA) to design and build the space weather forecasting satellite Vigil, the first operational mission in ESA’s Space Situational Awareness (SSA) Space Safety Programme (S2P). The spacecraft will give vital extra warning to Earth about incoming solar storms and coronal mass ejections which can potentially disrupt satellites in orbit and electronic and power distribution systems on Earth.
• In March 2024, NVIDIA introduced Earth-2, an AI-powered climate digital twin enabling high-resolution simulations of global weather and climate at a groundbreaking 2-kilometer scale. Its Earth-2 Cloud APIs accelerate the creation and visualization of detailed climate models. The Weather Company and Taiwan's Central Weather Administration are among the first adopters, leveraging the technology for advanced forecasting and analysis. This innovation marks a significant step toward understanding and addressing climate change challenges.