USD 1.62 Billion
Weather Forecasting Services Market Size, Share, and Growth Analysis
Weather Forecasting Services Market By Industry(Transport & Logistics, Marine, Aviation, Media), By Forecast Type(Nowcast, Short-Range, Medium-Range, Extended-Range), By Organization Size(Large Enterprises, Small & Medium-Sized Enterprises), By Purpose(Safety, Operational Efficiency, Others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45A2139 |
Region:
Global |
Published Date: October, 2024
Pages:
242
|Tables:
95
|Figures:
76
Format -
Weather Forecasting Services Market Insights
Weather Forecasting Services Market size was valued at USD 1.62 Billion in 2023 and is poised to grow from USD 1.75 Billion in 2024 to USD 3.32 Billion by 2032, growing at a CAGR of 8.30% during the forecast period (2025-2032).
The growing demand for weather forecasting services owing to uncertain climate conditions and energy transitions represents one of the key factors driving the market. Besides this, there is a rise in the utilization of weather forecasting services by farmers to determine precipitation forecasts, wind alerts, and actionable insights for managing their operations, improving yields, and maximizing profits. This, along with the increasing employment of weather forecasting services in the agriculture industry to improve the irrigation method for boosting agricultural production and farming, is contributing to the growth of the market.
Furthermore, the growing employment of the weather forecasting services in the aviation industry for navigation in extreme weather conditions is positively influencing the market. In addition, weather forecasting services enable efficient and safe network communications for land and sea rescue, administration, and support operations, which is propelling the growth of the market. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce supercomputers for ensuring accurate weather forecasts, which are expected to bolster the global weather forecasting services market growth.
US Weather Forecasting Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Media
Fastest Growth
Aviation
Growth Rate
8.30% CAGR
Global Weather Forecasting Services Market ($ Bn)
Country Share for North America Region (%)
To get more reports on the above market click here to Buy The Report
Weather Forecasting Services Market Segments Analysis
Global Weather Forecasting Services Market is segmented by Industry, Forecast Type, Organization Size, Purpose, and region. Based on Industry, the market is segmented into Transport & Logistics, Marine, Aviation, Media, Oil & Gas, Agriculture, Insurance, Retail, Energy & Utilities, Construction & Mining, and Others. Based on Forecast Type, the market is segmented into Nowcast, Short-Range, Medium-Range, Extended-Range, and Long-Range. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium-Sized Enterprises. Based on Purpose, the market is segmented into Safety, Operational Efficiency, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Organization Size
As per the global weather forecasting services market forecast, the large enterprises segment is dominating the market. The large enterprise segment captured the largest revenue share of 72.6% in 2023. It can be attributed to these enterprises' size in terms of revenue and the number of employees. Additionally, these players are early market entrants and invest in research and development to continuously innovate and provide highly accurate weather forecast solutions and insights. Large enterprises focus on more investment to adopt advanced technology, vast data resources, and a network of meteorologists and scientists to deliver comprehensive weather forecasts. Large enterprises need accurate and reliable weather forecasts to make informed decisions about their operations. They use weather forecasting services for a variety of purposes like planning and scheduling, risk management, and opportunity identification for new products.
The small & medium enterprises segment is expected to grow at the fastest CAGR of 7.0% during the forecast period. The growing emphasis on sustainable practices and environmental preservation also drives SMEs to utilize weather forecasting services. Climate change and unpredictable weather patterns have heightened the importance of sustainable resource management for businesses. SMEs, particularly those in sectors such as renewable energy, agriculture, and outdoor recreation, rely on accurate weather forecasts to optimize their energy generation, water usage, and land utilization. SMEs are particularly benefiting from the proliferation of cloud-based and subscription-based weather forecasting services, which lower the entry barrier and make advanced forecasting tools accessible without significant upfront investments.
Analysis by Propulsion Type
As per the global weather forecasting services market analysis, the media segment accounted for the largest revenue share of 10.8% in 2023. The audience can instantly access weather information with the advent of digital media platforms and the widespread use of smartphones. They rely on media outlets, including television, websites, radio and mobile applications, to provide accurate and up-to-date forecasts. As a result, media organizations strive to deliver comprehensive and user-friendly weather reports to meet the growing expectations of their audiences. This segment drives demand for user-friendly, visually rich, and hyper-localized weather data to ensure audiences stay informed about severe weather events, enabling timely decisions to protect lives and property.
The aviation segment held a significant revenue share in 2023. It can be attributed to the demand for weather forecasting services in the industry for safety and operational efficiency. Accurate weather solutions for the aviation industry can help prevent unnecessary costs and reduce flight delays. Timely and accurate weather data can help in safe and efficient aircraft operations. Strong winds, lightning, and icing can severely impact the aircraft. This segment drives demand for specialized aviation weather forecasting tools, including real-time updates and predictive models tailored to air travel needs. Advanced forecasting systems help minimize delays, reduce fuel consumption, and enhance passenger safety.
Global Weather Forecasting Services Market By Propulsion Type (%)
To get detailed analysis on other segments, Request For Free Sample Report
Weather Forecasting Services Market Regional Insights
North America dominated the market and accounted for the largest revenue share of 28.1% in 2023. Factors such as technology infrastructure, the presence of specialists, and investment in research and development are the reasons for the market growth. The North America region in the weather forecasting services market is a highly competitive and lucrative sector expected to witness significant growth in the upcoming years. The market is driven by growing demand for accurate weather forecasts, rising demand for weather-based applications and services, an increasing number of weather-based applications and services, and technological advancements. The market is further driven by the rising demand for energy-efficient solutions, increasing awareness about the benefits of weather-based applications and services, and rising investments in research and development.
As per the weather forecasting services market outlook, Asia Pacific is expected to register the fastest CAGR of 6.8% during the forecast period. The growth can be attributed to the developing technology infrastructure in the region. The demand for weather forecasting solutions is expected to rise due to growing industries in the region. For instance, the agriculture industry is important in the region, requiring custom weather forecast solutions to mitigate risks. In Asia Pacific, demand is coming from countries such as India, China, etc. owing to the growth of the industries at a rapid pace including the growth of the transportation industry. These industries mostly depend upon the weather forecasting to enhance their productivity and profitability.
Global Weather Forecasting Services Market By Geography
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Weather Forecasting Services Market Dynamics
Weather Forecasting Services Market Drivers
Rising Demand for Weather Forecasting Services in Modern-day Agriculture
-
Agriculture is mainly dependent on seasons and the weather. Weather plays an instrumental role in agriculture, and accurate weather-based information is very important for crop growth. The management of weather and climate risks has become even more important in agriculture in recent times due to climate change. It is evident that to feed the increasing population, the demand for agricultural products has increased significantly.
Increasing Computing Capabilities of Supercomputers
-
Weather forecasting centers use complex and energy-intensive infrastructure. Environmental observation data is a part of big data and has registered exponential growth in the last few years. Thus, weather forecasting centers are expected to provide integrated solutions that not only address the computing requirements of weather forecasters but also enable data movement and management, along with the ownership of the total cost involved in these processes.
Weather Forecasting Services Market Restraints
Lack of Specialized Weather Forecasting Models
-
Weather forecasting is done by using various computational models from extensive data. The weather data is very crucial for forecasting model to give accurate weather forecast. There is limited availability of data and resources in some regions. The lack of specialized weather forecasting models results in less accurate predictions for certain regions. It becomes challenging to anticipate extreme weather events like hurricanes, tornadoes, or severe storms accurately due to complexity and lack of data.
Complexity of Non-Linear Atmospheric Phenomena
-
Most atmospheric phenomena studied in weather forecasting processes are non-linear and highly dependent on the initial weather conditions of specific areas. Weather conditions are dynamic in nature and vary due to changes in several atmospheric variables although several phenomena can be predicted based on a thorough understanding of the initial conditions of a numerical weather forecasting model. This makes the process of weather forecasting highly complex, in addition to the intrinsic non-linearity of weather data collected by weather stations.
Request Free Customization of this report to help us to meet your business objectives.
Weather Forecasting Services Market Competitive Landscape
The global weather forecasting services industry is highly competitive, with established players and innovative startups bringing technological advancements. Major companies such as IBM (The Weather Company), AccuWeather, and DTN dominate the landscape by leveraging cutting-edge technologies like artificial intelligence (AI), big data analytics, and machine learning to deliver highly accurate and customized weather forecasting solutions. These key players consume resources various application industries including agriculture, aviation, energy and transportation, offering services such as real-time updates and predictive analytics.
Top Players in Weather Forecasting Services Market
- Accuweather, Inc. (US)
- Fugro (Netherlands)
- DTN (US)
- Enav S.P.A. (Italy)
- BMT Group Ltd. (UK)
- Stormgeo (Norway)
- Precision Weather (US)
- The Tomorrow Companies Inc. (US)
- Global Weather Corporation (US)
- Met Office (UK)
- Skyview Systems (US)
- Speedwell Weather Ltd. (UK)
- Customweather (US)
- Weather Routing Inc. (US)
- Earth Networks, Inc. (US)
- Jupiter Intelligence Inc. (US)
- Meteosim (Spain)
- Saildrone (US)
- Ubimet GmbH (Austria)
- Understory (US)
- Tempoquest (US)
- Weatherbell Analytics, LLC (US)
- Skymet Weather Services Pvt. Ltd. (India)
- Meteo-Logic (France)
Weather Forecasting Services Market Recent Developments
- In April 2023, AccuWeather, Inc. announced the launch of WeatherShow Enhancer, a new software and hardware display system. This new technology improves weather presentation with improved special effects, enhances meteorologist history, and improves overall system capabilities.
- In May 2023, Spire Global introduced the Deep Navigation Analytics (DNA) platform. This centralized platform provides critical information to maritime organizations through three layers: Maritime Weather Information API, Actionable Information API, Decision Solutions, Visualization.
- In June 2022, General Electric announced a partnership with ClimaVision to enhance the weather forecasting capabilities of GE Digital electrical business customers and better prepare for severe storms.
Weather Forecasting Services Key Market Trends
- Integration of Weather Forecasting Services in Transport and Logistics Sectors: There is a growing demand for faster delivery of goods, compelling the logistics sector to improve its infrastructure accordingly. The transport and logistics sectors largely depend on weather forecasting services. Weather patterns can create ripple effects in the manner shipments are transported all over the world, within and between countries. Hence, it is very important for the transport and logistics service providers to pre-investigate the weather conditions for their smooth functioning.
- Development of high-end Radars and Satellites for Weather Monitoring: The incorporation of various new technologies in weather monitoring and weather forecasting services is leading to highly accurate weather predictions. Scientists and engineers are developing different types of high-end radar, satellites, and supercomputers capable of sensing natural calamities such as tornadoes, floods, and thunderstorms beforehand to enable early issuance of warnings. Continuous efforts are being made to upgrade different satellite systems used for weather forecasting.
Weather Forecasting Services Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the global weather forecasting services industry is growing exponentially, driven by the demand for accurate and timely weather information in various sectors such as agriculture, aviation, energy, transportation, maritime and more. Leading companies such as IBM (The Weather Company), AccuWeather, DTN and others lead the market in providing innovative solutions including hyperlocal forecasting, real-time updates and customized reporting. However, challenges such as high initial installation costs and complex data modeling may hinder development. Overall, the market is poised for further expansion due to technological advances and increasing reliance on weather data for decision-making in many industries.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.62 Billion |
| Market size value in 2032 | USD 3.32 Billion |
| Growth Rate | 8.30% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Weather Forecasting Services Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Weather Forecasting Services Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Weather Forecasting Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Weather Forecasting Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Weather Forecasting Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Weather Forecasting Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
