Weather Forecasting Systems Market

Vaisala (Finland), Accuweather (US) and Campbell Scientific (US) are leading players in Weather Forecasting Systems Market

The size of the weather forecasting systems market is projected to grow from USD 2.3 billion in 2019 to USD 3.3 billion by 2025, at a CAGR of 5.7% from 2019 to 2025. Growing demand for accurate weather data monitoring and increasing demand for weather forecasting using big data analytics are some of the major factors driving this market.

Major players in the weather forecasting systems market include Vaisala (Finland), The Weather Company (US), Accuweather (US), MeteoGroup (Netherlands), Campbell Scientific (US), Airmar Technology Corporation (US), Sutron Corporation (US), All Weather Inc. (US), and Morcom International (US), among others. These players have adopted various strategies, such as new product launches & developments, contracts, agreements, partnerships, joint ventures, acquisitions, and expansions, to increase their footholds in the weather forecasting systems market. Of these, new product developments, acquisitions, partnerships, and contracts were the major strategies adopted between 2015 and 2019 to expand their product portfolios with innovative products and consequently, enhance their customer bases.

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Vaisala Oyj (Finland) is a leading player in the weather forecasting systems market. The next-generation innovation and strategic investments being undertaken by the company, coupled with a strong product portfolio, enables it to be a leader in the weather forecasting systems market. In August 2019, Vaisala acquired Professional Business-to-Business Weather Services from Foreca. This acquisition enables offering weather services and precise weather forecasts for consumers, media houses, and digital media channels.

AccuWeather (US) specializes in weather systems, such as podcast and network. It launched various new products in the market that are cheaper than those offered by its competitors. In April 2019, AccuWeather partnered with JW Player to launch new video content options that include OTT experiences, 360 degree, and VR capabilities. The objective behind this strategy is to support and accelerate its ongoing expansion in video delivery.

Campbell Scientific (US) is a leading designer, manufacturer, and marketer of data loggers, data acquisition systems, and measurement and control products that are used in the environment, research, and industrial sectors. In February 2018, Campbell Scientific launched the new MesoPRO weather station which provides vital weather information. This weather station is designed for large meteorological networks, which require the measurement of wind speed, wind direction, air temperature, relative humidity, barometric pressure, solar radiation, precipitation, soil water content, and soil moisture. This organic strategy is expected to increase its customer base in the meteorological vertical segment.

Related Reports:

Weather Forecasting Systems Market by Vertical (Aviation, Agriculture, Renewable), Solution (Hardware: Data Loggers, Anemometers, Software: Big Data, Super Computing), Application, Forecast Type, Region - Global Forecast to 2025

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Report Code
AS 2618
RI Published ON
9/17/2019
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