Home / Technology & Media / 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

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

Published: Sep 2018 | Report Code: 59304-09-18

Industry Outlook

Acyclic nature of weather and growth in end-use industries dependent on forecast stimulating the weather forecasting services market to register market value of US$ 1,300.5 Mn in 2017 and estimated to touch US$ 1,951.8 Mn by 2026 with a compound annual growth rate of 4.6%. Global warming and continued deterioration of natural resources disturbed the cyclic nature of weather. This can create a negative impact on end-use industries that heavily rely on weather and thus, encouraging the need for weather forecast services. Rapidly evolving satellite communication, digital imagery coupled with advanced predictive software changed the outlook of weather forecast and impacted several end-use industries. Perpetual growth in such industries has a lion share in promoting weather forecasting services market.

Market Synopsis

Weather Forecasting Services Market

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"Nowcast and Short-range Forecast Runs in Close Quarters for Market Domination" 

Fast paced weather forecast and short-range weather forecast are two of the most preferred weather forecast in the year 2017. These two segments also face each other in the race of fastest growing segment in terms of market value. Nowcast is commonly used through mobile application for services and end-use industries where precision is not of great concern. However, short-range weather forecast is must have vital information for end-use industries such as aviation, transportation and marine. Nowcast and Short-range are also extensively used during natural calamities and disasters for carrying out effective rescue operations. Medium-range and long-range preferred for applications such as agriculture and fisheries for predicting the nature of output and safety hence expected to experience retarded growth compared to Nowcast and short-range forecast.

Weather Forecasting Services Market

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"Aviation End-use Industry Flying High in Terms of Market Value"

Aviation industry is one of the biggest consumers of weather forecasting services and consequently, claims majority of shares in overall weather predicting services market. Significant increase in air traffic worldwide and unpredicted nature of weather are the factors responsible for the extensive use of services during air traffic control. Besides, Marine and transportation & logistics are the subsequent segments following aviation end-use industry in 2017. Perpetual rise in demand for energy encouraging renewable energy plants for power generation and requires precise weather forecast for optimum productivity. Weather forecasting services is a vital part of the overall generation process, thus augmenting weather forecasting services market growth. Media, agriculture & fisheries and other end-use industries projected to offer meager contribution to the market growth and projected to play the part of second fiddle in coming years.

Weather Forecasting Services Market

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"Asia Pacific Forecasted to Witness Most Dynamic Growth in Coming Years" 

North America is at top of the podium in global weather forecast services market in 2017 and estimated to remain strong region in terms of market value in 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 requires precise weather prediction for various industries. Hence these countries offer tremendous potential for weather forecasting services market to flourish in this region. Asia Pacific is home to several agricultural countries and unfortunately also home to several natural disasters. Both factors significantly encouraged governments and other organization and industries to opt for weather forecast to undertake preventive measure before any mishaps. Asia Pacific projected to emerge as the most dominant region in weather forecasting services market beyond forecast period from 2018 to 2026.

Weather Forecasting Services Market

Market Segmentation

 

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 By Forecasting Type (2016-2026; US$ Mn)
 • Nowcast
 • Short-range Forecast
 • Medium-range Forecast
 • Long-range Forecast

 By End-use Industries (2016–2026; US$ Mn)
 • Agriculture & Fisheries
 • Aviation
 • Transportation & Logistics
 • Marine
 • Energy & Utilities
 • Media
 • Others (Hydrology, Military, Meteorology, etc.)

 Geography Segment (2016–2026; US$ Mn)
 • North America (U.S. and Canada)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

"Strategy of long-term Association can Fetch Fortunes to Weather Forecast Service Companies"

A number of companies participate in highly fragmented market striving to crack long-term association with end-use industries and stay competitive. End-users including airports, governments, media, and marine among others often enter into a strategic agreement for the frequent weather updates from these companies. Incorporation of advanced technologies such as artificial intelligence, machine learning, modeling & representation tools and satellite images aided the companies to predict 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 ARGOSS, 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.

Weather Forecasting Services Market

Key questions answered in this report

  • What are the latest advancements in the weather forecast services market and potential opportunities for the players?
  • How acyclic nature of weather and global warming will impact current global weather forecast services market and in coming years?
  • Which are the largest and fastest growing segment in terms of forecasting type, and end-use industries?
  • Which is the most attractive geographical region/country for overall weather forecasting services market?
  • How will advance computing and artificial intelligence play a vital role in overall weather forecasting services market in coming years?
  • What is the market size and trends in developing regions such as Asia Pacific, 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

* WFS - Weather Forecasting Services

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)

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)

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