The Weather Forecasting Services Market is projected to grow from USD 1.9 Billion in 2023 to USD 2.8 Billion by 2028, at a CAGR of 8.2% during the forecast period. The growing demand for Weather Forecasting services and the continuous development of new technologies that make forecasting more competent and affordable are projected to propel the Weather Forecasting Services market in the upcoming years.
Major service providers in this market are based in North America and Europe. The Weather Company (US), DTN (US), Fugro (Netherlands), Enav S.P.A. (Italy), and Accuweather (US) are among a few leading players operating in the Weather Forecasting Services market. A major focus was given to the development of new technologies due to the requirement of accurate weather forecasting data by customers across the world. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to further expand their presence in the Weather Forecasting Services market.
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ABB is a Switzerland multinational one of the leading manufacturers of industrial equipment and systems. The company’s strength lies in continuously improving its processes and automation methods. In April 2023, Finnish Board Guard (Finland) awarded the company a contract to provide supply an integrated power and propulsion package comprising dual Azipod propulsors and an onboard DC grid power system for two newly built Finnish border guard patrol vessels. It also strives to increase its market share in the connected ship market by securing maritime, navy, and government contracts and agreements globally.
Emerson Electric co.
Emerson Electric Co. (US) Emerson is among the leading provider of connected ship technology and helping the maritime industry to improve safety, efficiency, and compliance. The company is a global technology, software, and engineering company that provides innovative solutions for customers in industrial, commercial, and residential markets. Emerson offers products and services which includes process automation, networked control systems, building automation, networked power grid solutions, and industrial automation software and hold prominent place in the development of connected ship technology.
Wartsila is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. The company operates in five business segments: Marine Power, Marine System, Voyage, Energy and Portfolio Business. The Marine Power, Marine System, Voyage segment provides Connected Ships solutions globally. It is also one of the leading companies in Connected Ships and provides various Automation solution along with Voyage and fleet optimization globally.
Kongsberg Gruppen ASA
Kongsberg Gruppen ASA is one of the leading global technology corporation delivering mission-critical solutions with extreme performance. The company operates through three business segments: Kongsberg Maritime, Kongsberg Defense & Aerospace and other activities. The company provides Connected Ship solutions like Fleet Management, Monitoring systems, Bridge system, Positioning and stabilization. The major subsidiaries of the company are Kongsberg Defense & Aerospace AS, Kongsberg Maritime AS, and Kongsberg Next AS. The company, along with its subsidiaries, offers high-technology systems to the shipping, oil & gas, and aerospace & defense industries
Thales Group is a leading technology multinational company that designs and manufactures electronic equipment and systems for different business sectors. Thales Group provides a wide range of solutions in the Connected Ships market through its Defence and security segment. The other company Aerospace, Digital Identity and transport and others. The company is building Future Maritime Sustainment Model (FMSM) for Australian Navy Fleet Readiness. The company holds extensive expertise in system integration, allowing it to seamlessly integrate various components and subsystems to create comprehensive connected ship-based systems and solutions.
Weather Forecasting Services Market by Industry (Insurance Aviation, Others), Forecasting Type (Nowcast, Short, Medium, Extended, Long) Purpose (Safety, Operational Efficiency), Organization (Large, Small-Sized Enterprises) and Global Forecast to 2028
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