Weather Forecasting Services Market Evolving Latest Trends to Lead Global Industry by 2024

Weather Forecasting Services Market Evolving Latest Trends to Lead Global Industry by 2024
Weather Forecasting Services Market Evolving Latest Trends to Lead Global Industry by 2024

Sarasota, FL — (SBWIRE) — 09/07/2017 — Weather forecasting is the combination of technology and science to forecast environmental and atmospheric condition in a specific region. It is the process of gathering statically data of the atmosphere in a specific region and further processes this data through various scientific techniques in order to forecast the atmospheric change. Weather forecasting systems include various components such as computing systems, sensors, software, and communication devices. These systems gather, interpret, and process atmospheric data and transfer to the number of the channel across the globe. Weather warning plays a vital role to protect life and property. Defense and agriculture sectors make the maximum use of weather forecasting system.

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The uncertainty of the climatic change may fuel the global weather forecasting systems market growth in the near future. The reliable forecast in the stipulated time may save life and money, and improve time to fight against natural disasters, pollution, and ecological catastrophes. In addition, potential sectors such as defense and agriculture need timely weather updates to control air traffic control and others. Continuous development in the technology enhances the capability of the weather forecasting systems, which enables to forecast accurate weather. However, the complexity associated with the system and lack of skilled professional for the operation of the weather forecasting systems may restraint the global market growth.

The global weather forecasting services market is bifurcated based on forecast types and geography. The forecast types segment is divided as long or extended range forecast types, normal range forecast types, and medium range forecast types. Based on the geography, the global weather forecasting services market is classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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Asia Pacific holds the largest market share in the global weather forecasting services market due to growth in the transportation industry. In addition, rapid industrialization in emerging economies such as India and China is anticipated to propel the global market growth in future. Other factors such as dependency of rainfall in Asia Pacific may create a high demand for weather forecasting services. The Middle East and Africa and Latin America show a substantial growth and also offer huge investment opportunities.

Key players in the global weather forecasting services market are Skye Instruments Ltd, Columbia Weather System Inc., Morcom International, Inc. and Weather, Inc. Other major players in the global market are Airmar Technology Corporation, Lockheed Martin Corporation, and Thales Group.

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