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Weather Forecasting Services Market By Forecasting Type (Nowcast, Short-range Forecasting, Medium-range Forecasting, Long-range Forecasting), By End-use Industries (Agriculture & Fisheries, Aviation, Transportation & Logistics, Marine, Energy & Utilities, Media, Others) – Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Summary
Table Of Content

Market Synopsis

The cyclical nature of weather and growth in forecast-dependent end-use industries propelled the weather forecasting services market to a market value of US$ 1,300.5 million in 2017 and is expected to reach US$ 1,951.8 million by 2026 at a compound annual growth rate of 4.6%. Global warming and the continued deterioration of natural resources have disturbed the cyclic nature of weather. This can have a negative impact on end-user industries that heavily rely on weather, thus encouraging the need for weather forecast services. Rapidly evolving satellite communication and digital imagery, combined with advanced predictive software, altered the outlook for weather forecasting and had an impact on a number of end-use industries. Perpetual growth in such industries has the lion’s share in promoting the weather forecasting services market.

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Close Quarters Nowcast and Short-Term Forecast Run for Market Domination

Fast-paced weather forecasts and short-term weather forecasts are two of the most popular types of weather forecasts in 2017. These two segments also face each other in the race to be the fastest-growing segment in terms of market value. Nowcast is commonly used through mobile applications for services and end-use industries where precision is not of great concern. However, short-range weather forecasts are vital information for end-use industries such as aviation, transportation, and marine. Nowcast and short-range forecasting are also widely used during natural disasters to carry out effective rescue operations. Medium- and long-term forecasts are preferred for predicting the nature of output and safety in applications such as agriculture and fisheries and are thus expected to grow at a slower rate than Nowcast and short-term forecasts.

Aviation End-Use Industry Flying High in Terms of Market Value

The aviation industry is one of the biggest consumers of weather forecasting services, and consequently, it claims the majority of shares in the overall market for weather prediction services. Significant increases in air traffic worldwide and the unpredictable nature of weather are the factors responsible for the extensive use of services during an air traffic control. Besides, marine and transportation, and logistics are the subsequent segments following the aviation end-use industry in 2017.

The constant rise in energy demand encourages renewable energy plants for power generation and necessitates precise weather forecasts for maximum productivity.Weather forecasting services are a vital part of the overall generation process, thus augmenting weather forecasting service market growth. Media, agriculture, fisheries, and other end-use industries are expected to make a negligible contribution to market growth in the coming years.

Asia Pacific is forecast to witness the most dynamic growth in the coming years.

North America was at the top of the podium in the global weather forecast services market in 2017 and is estimated to remain a strong region in terms of market value in the coming years. However, Asia-Pacific offers the most favorable market for leading weather forecasting companies to establish their presence. Countries, including China and India, are growing exponentially economically and often require precise weather prediction for various industries. Hence, these countries offer tremendous potential for the weather forecasting services market to flourish in this region. Asia Pacific is home to several agricultural countries, as well as several natural disasters. Both of these factors significantly encouraged governments, as well as other organizations and industries, to use weather forecasting to take preventive measures before any mishaps occurred. Asia Pacific is projected to emerge as the most dominant region in the weather forecasting services market beyond the forecast period from 2018 to 2026.

Market Segmentation

A strategy of long-term association can fetch fortunes for weather forecast service companies.

A number of companies participate in this highly fragmented market, striving to establish long-term associations with end-use industries and stay competitive. Airports, governments, media, and marine, among others, frequently enter into strategic agreements with these companies in exchange for frequent weather updates. The incorporation of advanced technologies such as artificial intelligence, machine learning, modeling and representation tools, and satellite images aided companies in predicting weather more precisely than ever. Some of the leading weather forecast service provider giants profiled in this research study include Global Weather Corporation, AccuWeather Inc., BMT ARGOS’S, Skymet Weather Services Pvt. Ltd., Precision Weather Service, The Weather Company, Fugro N.V., ENAV S.p.A., The Met Office, and Skyview Systems Ltd., among others.

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Key questions are answered in this report.

What are the most recent developments in the weather forecast service market, as well as potential opportunities for players?
How will the cyclical nature of weather and global warming affect the current and future global weather forecast services markets?
Which are the largest and fastest growing segments in terms of forecasting type and end-use industries?
Which is the most attractive geographical region or country for the overall weather forecasting services market?
How will advanced computing and artificial intelligence play a vital role in the overall weather forecasting services market in the coming years?
What are the market sizes and trends in developing regions such as the Asia Pacific, the Middle East, Africa, and Latin America?

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global WFS Market
2.2 Global WFS Market, by Forecasting Type
2.3 Global WFS Market, by End-use Industries
2.4 Global WFS Market, by Geography

Chapter 3 Market Dynamics
3.1 Global WFS Market Overview
3.1 Market Dynamics
3.1.1 Market Drivers
3.1.1.1 Dependency of Several End-use Industries on Weather Forecast
3.1.1.2 Use of Advanced Technologies for Precise Weather Forecast
3.1.1.3 Monitoring Adverse Effects of Global Warming and its Effects
3.1.2 Market Challenges
3.1.2.1 Unreliability of Weather Forecast
3.2 See-Saw Analysis
3.2.1 Impact Analysis of Drivers and Restraints
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Players, 2017
3.4.1 Major Strategies Adopted by Key Players

Chapter 4 Global Weather Forecasting Services (WFS) Market Analysis, by Forecasting Type
4.1 Overview
4.1.1 Global WFS Market Value Share, by Forecasting Type, 2017 & 2026 (Value, %)
4.1.2 Global WFS Market Value, by Forecasting Type, 2016 – 2026 (US$ Mn)
4.2 Nowcast
4.2.1 Global Nowcast WFS Market, 2016 – 2026 (US$ Mn)
4.3 Short-range Forecasting
4.3.1 Global Short-range WFS Market, 2016 – 2026 (US$ Mn)
4.4 Medium-range Forecasting
4.4.1 Global Medium-range WFS Market, 2016 – 2026 (US$ Mn)
4.5 Long-range Forecasting
4.5.1 Global Long-range WFS Market, 2016 – 2026 (US$ Mn)

Chapter 5 Global Weather Forecasting Services (WFS) Market Analysis, by End-use Industries
5.1 Overview
5.1.1 Global WFS Market Value Share, by End-use Industries 2017 & 2026 (Value, %)
5.1.2 Global WFS Market Value, by End-use Industries 2016 – 2026 (US$ Mn)
5.2 Agriculture & Fisheries
5.2.1 Global WFS Market for Agriculture & Fisheries, 2016 – 2026 (US$ Mn)
5.3 Aviation
5.3.1 Global WFS Market for Aviation, 2016 – 2026 (US$ Mn)
5.4 Transportation & Logistics
5.4.1 Global WFS Market for Transportation & Logistics, 2016 – 2026 (US$ Mn)
5.5 Marine
5.5.1 Global WFS Market for Marine, 2016 – 2026 (US$ Mn)
5.6 Energy & Utilities
5.6.1 Global WFS Market for Energy & Utilities, 2016 – 2026 (US$ Mn)
5.7 Media
5.7.1 Global WFS Market for Media, 2016 – 2026 (US$ Mn)
5.8 Others (Hydrology, Military, Meteorology, etc.)
5.8.1 Global WFS Market for Other End-use Industries, 2016 – 2026 (US$ Mn)

Chapter 6 North America Weather Forecasting Services (WFS) Market Analysis
6.1 Overview
6.1.1 North America WFS Market Value, 2016-2026, (US$ Mn)
6.2 North America WFS Market, by Forecasting Type, 2016 – 2026 (US$ Mn)
6.2.1 Comparative Analysis
6.3 North America WFS Market Analysis, by End-use Industries 2016 – 2026 (US$ Mn)
6.3.1 Comparative Analysis
6.4 North America WFS Market Analysis, by Country, 2016 – 2026 (US$ Mn)
6.4.1 U.S.
6.4.2 Rest of North America

Chapter 7 Europe Weather Forecasting Services (WFS) Market Analysis
7.1 Overview
7.1.1 Europe WFS Market Value, 2016-2026, (US$ Mn)
7.2 Europe WFS Market, by Forecasting Type, 2016 – 2026 (US$ Mn)
7.2.1 Comparative Analysis
7.3 Europe WFS Market Analysis, by End-use Industries 2016 – 2026 (US$ Mn)
7.3.1 Comparative Analysis
7.4 Europe WFS Market Analysis, by Country, 2016 – 2026 (US$ Mn)
7.4.1 U.K.
7.4.2 Germany
7.4.3 France
7.4.4 Rest of Europe

Chapter 8 Asia Pacific Weather Forecasting Services (WFS) Market Analysis
8.1 Overview
8.1.1 Asia Pacific WFS Market Value, 2016-2026, (US$ Mn)
8.2 Asia Pacific WFS Market, by Forecasting Type, 2016 – 2026 (US$ Mn)
8.2.1 Comparative Analysis
8.3 Asia Pacific WFS Market Analysis, by End-use Industries 2016 – 2026 (US$ Mn)
8.3.1 Comparative Analysis
8.4 Asia Pacific WFS Market Analysis, by Country, 2016 – 2026 (US$ Mn)
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific

Chapter 9 Rest of the World (RoW) Weather Forecasting Services (WFS) Market Analysis
9.1 Overview
9.1.1 RoW WFS Market Value, 2016-2026, (US$ Mn)
9.2 RoW WFS Market, by Forecasting Type, 2016 – 2026 (US$ Mn)
9.2.1 Comparative Analysis
9.3 RoW WFS Market Analysis, by End-use Industries 2016 – 2026 (US$ Mn)
9.3.1 Comparative Analysis
9.4 RoW WFS Market Analysis, by Country, 2016 – 2026 (US$ Mn)
9.4.1 Middle East & Africa (MEA)
9.4.2 Latin America

Chapter 10 Company Profiles
10.1 AccuWeather Inc.
10.2 Global Weather Corporation
10.3 BMT ARGOSS
10.4 Skymet Weather Services Pvt. Ltd.
10.5 Precision Weather Service
10.6 The Weather Company
10.7 Fugro N.V.
10.8 ENAV S.p.A.
10.9 The Met Office
10.10 Skyview Systems Ltd

List of Figures

FIG. 1 Global Weather Forecasting Services (WFS) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global WFS Market Segmentation
FIG. 4 Global WFS Market, by Forecasting Type, 2017 (US$ Mn)
FIG. 5 Global WFS Market, by End-use Industries 2017 (US$ Mn)
FIG. 6 Global WFS Market, by Geography, 2017 (US$ Mn)
FIG. 7 Global WFS Market Value and Growth, 2016 – 2026, (US$ Mn) (Y-o-Y %)
FIG. 8 See-Saw Analysis: Global WFS Market
FIG. 9 Attractive Investment Proposition, by Geography, 2017
FIG. 10 Global Market Positioning of Key Weather Forecasting Services Companies, 2017
FIG. 11 Global WFS Market Value Share, by Forecasting Type, 2017 & 2026 (Value, %)
FIG. 12 Global Nowcast WFS Market, 2016 – 2026 (US$ Mn)
FIG. 13 Global Short-range WFS Market, 2016 – 2026 (US$ Mn)
FIG. 14 Global Medium-range WFS Market, 2016 – 2026 (US$ Mn)
FIG. 15 Global Long-range WFS Market, 2016 – 2026 (US$ Mn)
FIG. 16 Global WFS Market Value Share, by End-use Industries 2017 & 2026 (Value, %)
FIG. 17 Global WFS Market for Agriculture & Fisheries, 2016 – 2026 (US$ Mn)
FIG. 18 Global WFS Market for Aviation, 2016 – 2026 (US$ Mn)
FIG. 19 Global WFS Market for Transportation & Logistics, 2016 – 2026 (US$ Mn)
FIG. 20 Global WFS Market for Marine, 2016 – 2026 (US$ Mn)
FIG. 21 Global WFS Market for Energy & Utilities, 2016 – 2026 (US$ Mn)
FIG. 22 Global WFS Market for Media, 2016 – 2026 (US$ Mn)
FIG. 23 Global WFS Market for Other End-use Industries, 2016 – 2026 (US$ Mn)
FIG. 24 North America WFS Market Value, 2016-2026, (US$ Mn)
FIG. 25 U.S. WFS Market Value, 2016-2026, (US$ Mn)
FIG. 26 Rest of North America WFS Market Value, 2016-2026, (US$ Mn)
FIG. 27 Europe WFS Market Value, 2016-2026, (US$ Mn)
FIG. 28 U.K. WFS Market Value, 2016-2026, (US$ Mn)
FIG. 29 Germany WFS Market Value, 2016-2026, (US$ Mn)
FIG. 30 France WFS Market Value, 2016-2026, (US$ Mn)
FIG. 31 Rest of Europe WFS Market Value, 2016-2026, (US$ Mn)
FIG. 32 Asia Pacific WFS Market Value, 2016-2026, (US$ Mn)
FIG. 33 China WFS Market Value, 2016-2026, (US$ Mn)
FIG. 34 Japan WFS Market Value, 2016-2026, (US$ Mn)
FIG. 35 India WFS Market Value, 2016-2026, (US$ Mn)
FIG. 36 Rest of Asia Pacific WFS Market Value, 2016-2026, (US$ Mn)
FIG. 37 RoW WFS Market Value, 2016-2026, (US$ Mn)
FIG. 38 Middle East & Africa (MEA) WFS Market Value, 2016-2026, (US$ Mn)
FIG. 39 Latin America WFS Market Value, 2016-2026, (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Weather Forecasting Services (WFS) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global WFS Market, by Forecasting Type, 2016 – 2026 (US$ Mn)
TABLE 5 Global WFS Market, by End-use Industries 2016 – 2026 (US$ Mn)
TABLE 6 North America WFS Market, by Forecasting Type, 2016 – 2026 (US$ Mn)
TABLE 7 North America WFS Market, by End-use Industries 2016 – 2026 (US$ Mn)
TABLE 8 Europe WFS Market, by Forecasting Type, 2016 – 2026 (US$ Mn)
TABLE 9 Europe WFS Market, by End-use Industries 2016 – 2026 (US$ Mn)
TABLE 10 Asia Pacific WFS Market, by Forecasting Type, 2016 – 2026 (US$ Mn)
TABLE 11 Asia Pacific WFS Market, by End-use Industries 2016 – 2026 (US$ Mn)
TABLE 12 RoW WFS Market, by Forecasting Type, 2016 – 2026 (US$ Mn)
TABLE 13 RoW WFS Market, by End-use Industries 2016 – 2026 (US$ Mn)
TABLE 14 AccuWeather Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 15 Global Weather Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 16 BMT ARGOSS: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 17 Skymet Weather Services Pvt. Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 18 Precision Weather Service: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 19 The Weather Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 Fugro N.V.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 ENAV S.p.A.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 The Met Office: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 Skyview Systems Ltd: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

Frequently Asked Question

What is the size of Weather Forecasting Services Market?

The market for Weather Forecasting Services Market is expected to reach USD$ 1,951.8 Mn in 2026.

What is the Weather Forecasting Services Market CAGR?

The Weather Forecasting Services Market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Weather Forecasting Services Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Weather Forecasting Services Market?

The base year of this report is 2017.

Who are the major players in this market?

Global Weather Corporation, AccuWeather Inc., BMT ARGOS’S, Skymet Weather Services Pvt. Ltd., Precision Weather Service, The Weather Company, Fugro N.V., ENAV S.p.A. are some of the major players in the global market.

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