October 25, 2019
According to the latest study 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 (Barometer, Hygrometer, Anemometer, Thermometer, Others), Application (Agriculture, Aviation, Transportation and Logistics, Meteorology, Others), Equipment Type (Drones/UAVs, Weather Station, LIDAR, Others)’ available with Market Study Report LLC, the global weather forecasting equipment market is estimated to grow substantially by the year 2024.
Weather forecasting refers to prediction of environmental change and atmospheric conditions while using combination of science and technology. Uncertainty in weather conditions, coupled with increasing need for climate prediction across airlines and shipping industries to optimize their operations is the main factor driving the growth of weather forecasting equipment market.
Growing demand from military sector to get regular weather updates, rising concerns regarding passenger safety, coupled with increasing spending power leading to more air & sea travels, and rapid industrialization are further aiding the market growth. However, high cost of equipment, along with complexity of procedure will restrain weather forecasting equipment market growth.
According to the study, the weather forecasting equipment market was worth US $3,908.15 million in 2018 and is expected to amass substantial growth over the predicted time period. The study encompasses the impacting trends including advancement in technology, introduction of automated weather stations, and mergers & consolidation among market players. Synopsis pertaining segmental shares and revenue patterns is also given.
Based on sensor type, weather forecasting equipment market is segmented as hygrometer, barometer, thermometer, anemometer, and others. While speaking of application spectrum, the industry is bifurcated into aviation, agriculture, meteorology, transportation & logistics, and others.
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In terms of equipment type, the market is segregated into LIDAR, weather station, drones/UAVs, and others. Whereas, considering the geographical landscape, the global weather forecasting equipment market is fragmented into four major regions, namely, Asia Pacific, America, Europe, and rest of world.
The key players of weather forecasting equipment market outlined in the report are Campbell Scientific, Inc., Vaisala, Airmar Technology Corporation, Morcom International, All Weather, Inc., Munro Instruments Limited, Skye Instrument Limited, Lufft Mess-und Regeltechnik GmbH, and Sutron Corporation.
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