Weather Forecasting Systems & Solutions Market to offer a healthy CAGR of 8.2% during 2020-25
February 14, 2020
Weather Forecasting System & Solution Market Overview:
Weather forecasting systems & solutions market is likely to witness an impressive CAGR of 8.2% during the forecast period. Increasing need for precise weather predictions to carry out onshore operations, rising demand for effective air traffic control at airports, and growing need for innovative numerical weather prediction models are the prime factors that are expected to underpin the growth of the global weather forecasting systems & solutions market. Further, governments of various countries and private agencies have been investing exceedingly in the progression of advanced and efficient weather forecasting systems to render alerts for storms or cyclones in advance to warrant public safety, which in turn, bolsters the market globally.
Report Overview:
This report, from Stratview Research, studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Weather Forecasting System & Solution Market Segment Insights:
Ground-based systems: The growth engine
Based on the system type, the market is segmented as satellite-based, ground-based, and air-based. The ground-based systems segment is expected to remain dominant in the coming five years.
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https://www.stratviewresearch.com/toc/623/weather-forecasting-systems-&-solutions-market.html
Dominance of: software component segment & commercial segment
Based on the component type, the market is segmented as software and hardware. The software component segment is estimated to register a higher growth during the forecast period, owing to the rising adoption of data collection & processing software across the world for highly precise weather predictions.
Based on the end-user type, the market is segmented as commercial, military, meteorology, and weather service providers. The commercial segment is expected to depict substantial growth during the forecast period, owing to the rising demand for advanced weather forecasting systems from different industries, across the globe.
A highly/moderately/fragment consolidated Market
Some of the major players in the weather forecasting systems & solutions market are Airmar Technology Corporation, Campbell Scientific. Inc., Columbia Weather Systems, Columbia Weather Systems, Gill Instruments Pvt. Ltd., G. Lufft Mess-Und Regeltechnik, Hoskin Scientific, Liquid Robotics, Met One Instruments, Inc., Morcom International, Inc., and Skye Instruments Ltd.
Regional Hegemony of Asia-Pacific
In terms of regions, the Asia-Pacific’s weather forecasting systems & solutions market is estimated to register the highest growth during the forecast period, driven by rapid industrialization, expansion of airports, and rising applicability of weather forecasting systems in the agriculture sector of the region. Further, development in air and sea transport, reliability on rainfall for water supply, improvement in the economy of the Asia-Pacific region, and rising demand for incessant weather monitoring for disaster management are also boosting the growth of the Asia-Pacific’s weather forecasting systems & solutions market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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