Weather Forecasting Systems & Solutions Market Size to Grow at a CAGR of 8.2%
Posted by Stratview Research on January 3rd, 2020
Weather Forecasting Systems & Solutions Market is expected to grow at a CAGR of 8.2% during the next five years, according to a newly added report by Stratview Research. 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.
The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in six ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025.
As per the report, among different system types, The ground-based systems segment is expected to remain dominant in the coming five years.
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.
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.
Read the Full Report Description herehttps://www.stratviewresearch.com/623/weather-forecasting-systems-&-solutions-market.html
The report further mentions about the key manufacturing players 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. who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the Weather Forecasting Systems & Solutions Market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly.
Salient Features of the Report
The report on Weather Forecasting Systems & Solutions Market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
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About the AuthorStratview Research
Joined: September 26th, 2019
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