The weather information technology market is anticipated to reach US$ 4,772.7 million in 2022 and grow at a CAGR of 6.1% to US$ 7,216.3 million by 2029. Nearly 5% of the global market for environmental technology is made up of weather information technology. Public weather services can be improved thanks to the emergence of new communication networks and prediction technologies such wireless communication, nowcasting systems, and digital database forecasting (PWS).
Meteorologists are visualizing data from weather radar and forecasting models using technologies like augmented reality to help viewers get ready for impending storms. The weather information technology market refers to the growing demand for advanced technologies and services that provide accurate and up-to-date weather information. It includes various solutions such as weather forecasting systems, climate monitoring systems, disaster warning systems, and others.
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The market is expected to grow significantly in the coming years due to increasing demand for accurate weather information for various industries, such as agriculture, aviation, energy, and transportation, as well as increasing concern over the impact of extreme weather events and the need for disaster risk reduction and management. Additionally, advancements in data collection, processing, and analysis technologies are also driving growth in the market.
To ensure a steady supply of renewable energy, use weather information technology.
Extreme weather poses a serious threat to nuclear power facilities by interfering with the operation of equipment and processes that are essential for safe operation. To ensure that their consumers have access to energy, energy companies need accurate weather data. The direction and force of the wind have an impact on how much power is produced by wind turbines.
Weather monitoring is necessary to produce renewable energy in the form of solar and wind energy. This pattern predicts that weather forecasting will become more widely used, leading to a large expansion of the market for weather information technology.
Competitive Landscape:
Weather information technology providers are continuously focused on cost reduction of the product and improved services by implementing different strategies such as product innovation, partnership, acquisition and geographical expansion. With these strategies, key players expect to strengthen their presence in the global market and develop advanced weather forecasting technologies.
Leading Key Players:
- Lockheed Martin Corporation
- Vaisala OYJ
- Sutron Corporation
- Campbell Scientific Inc.
- Coastal Environmental Systems, Inc.
- Columbia Weather Systems Inc.
- Met One Instruments Inc.
- Morcom International Inc.
- MUNRO INSTRUMENTS LTD
- Skye Instruments Ltd
- The Weather Company
- Accuweather, Inc.
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Weather Information Technology Market Segmentation:
By Solution:
- Weather Information Technology Systems
- Automatic Weather Stations
- Automated Weather Observing System (AWOS)
- Sounding Systems
- Weather Radar
- Others (Lightening, Air Quality)
- Weather Information Technology Services
- Maintenance Services
- Consulting Services
By Application:
- Air Quality Monitoring
- Weather Monitoring
- Weather Forecasting
- Others
By Industry:
- Utilities
- Agriculture
- Military & Defense
- Transportation
- Marine
- Aviation
- Others (Mining, Chemicals)
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa (MEA)
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