HOME Research Insight Global Meteorological and Weather Forecasting Systems Market (2014-2020)

Global Meteorological and Weather Forecasting Systems Market (2014-2020)

The global meteorological and weather forecasting systems market is dominated by the countries in the North American, Asia-Pacific, and European regions. Increase in awareness for safety and security will fuel up the growth of the meteorological and weather forecasting systems market. Rising demand in military for regular weather updates and air traffic control are the major drivers for market growth.

The meteorological and weather forecasting systems market is estimated at $1.43 billion in 2014 and is projected to register a CAGR of 4.10%, to reach $1.82 billion by 2020.

Earlier, meteorologists used kites and balloons from weather stations to produce forecasts. However, these days, National Weather Service meteorologists generate aviation forecasts using data collected from several resources and locations, including satellites, weather reports, and timely data from Automated Surface Observing System Units.

Rise in supercomputing capabilities five years down the line, will fuel up the forecasting capabilities. In the future, it will be possible to make accurate weather predictions in much advance. This will present a great opportunity for software and system integrators to design and create more precise and accurate weather forecasting models in the near future.

Ongoing improvements in weather satellites and weather stations are expected to drive the growth of the meteorological and weather forecasting system market in North America. Currently, there are commercial weather stations and 18 weather satellites that have been deployed in the U.S. terrain to monitor the environment. This market is expected to grow in near future, with the technological advancements in other parts of the country.

Lockheed Martin (U.S.), Vaisala (U.S.), Sutron Corporation (U.S.), SkyeInstruments (U.K.), Liquid Robotics Inc.(U.S.), Irdam Meteorological Instruments (Switzerland), Gill Instruments(U.K.) , Campbell Scientific (U.S.), All Weather Inc.(U.S.), Airmar Technology Corporation (U.S.), and Columbia Weather Systems (U.S.) are some of the leading players in this market.

Related Reports:

Meteorological & Weather Forecasting Systems Market by Application (Aviation, Marine, Military), Weather System Types (Broadcasting, Satellite, Radars, Radiosonde), Equipment (Barometer, Hygrometer, Anemometer) & by Geography - Forecast & Analysis to 2014 - 2020

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