Global Weather Forecasting Equipment Market to Record Substantial Growth Over 2014-2024

July 14, 2020

As per the report titled ‘Global Weather Forecasting Equipment Market: Analysis By Sensor Technology, Industry Application, Equipment, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - Sensor Type , Application, available with Market Study Report LLC, global weather forecasting equipment market was valued at USD 3,908.15 million in the year 2018, and is projected to witness substantial returns through 2024.

Escalating demand for weather forecasting equipment market can be attributed to i its performance, high durability, and rising adoption in both developed and developing nations. Global weather forecasting equipment market is majorly driven by growing product adoption across several end-user industries. Moreover, major players are continuously launching innovative products to boast their dominance in the market, in turn, is enhancing the business outlook.

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Accuracy in weather forecasting allows airlines to optimize their usage of planes. Also, shipping becomes easier and safer. Additionally, it allows better decision-making for utilities to decide their capacity needs in times of heat waves or large rainfalls, which further encourages the adoption of weather forecasting equipment

Based on sensor type, global weather forecasting equipment market is segmented into hygrometer, barometer, thermometer, anemometer, and others. Whereas, the application range of the aforementioned sensors is categorized into agriculture, transportation & logistics, aviation, meteorology, and others. In terms of equipment type, the market is fragmented into drones/UAVs, LIDAR, weather station, and others.

Geographically, global weather forecasting equipment market is split into America, Europe, Asia Pacific, and ROW. Among these, APAC market is anticipated to witness significant gains in the coming years, owing to rapid industrialization in emerging economies like India, China, and Japan.

Vaisala Oyj, Airmar Technology Corporation, Lufft Mess-und Regeltechnik GmbH, Campbell Scientific, Inc., Morcom International, Inc., All Weather Inc., Munro Instruments, Skye Instruments Limited, Gill Instruments, and Sutron Corporation formulate the competitive terrain of global weather forecasting equipment market.

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