In a recently published report, Weather Forecasting Systems and Solutions Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Weather Forecasting Systems and Solutions Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Weather Forecasting Systems & Solutions Market to reach USD 4 billion by 2025.Global Weather Forecasting Systems & Solutions Market valued approximately USD2.1 billion in 2016 is anticipated to grow with a healthy growth rate of more than 7.50% over the forecast period 2017-2025. Growing need for accurate weather predictions to carry out onshore operations, increasing demand for effective air traffic control at airports, and rising need for innovative numerical weather prediction models are the major factors expected to drive the growth of the weather forecasting systems and solutions market between 2017 and 2025.Governments of various countries and private agencies have been investing increasingly in the development of advanced and efficient weather forecasting systems to provide alerts for storms or cyclones beforehand to ensure public safety. This further drives the growth of weather forecasting systems and solutions market.
The Regional Analysis has been done for North America, Europe, Asia Pacific, the Middle East, and Rest of the World. The Asia Pacific weather forecasting systems and solutions market is projected to grow at the highest CAGR between 2017 and 2025, owing to rapid industrialization, expansion of airports, and increasing applicability of weather forecasting systems in the agriculture sector of the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Forecast Range:
*Short Range Forecast
*Medium Range Forecast
*Long Range Forecast
By Component:
*Solutions
*Systems
By End Use:
*Enterprise
*Defence & Military
*Meteorology & Weather Service Provider
By Regions:
*North America
o U.S.
o Canada
*Europe
o UK
o Germany
*Asia Pacific
o China
o India
o Japan
*Latin America
o Brazil
o Mexico
*Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include Vaisala, Skye Instruments Limited, Munro Instruments Limited, MORCOM International, Lockheed Martin Corporation, Gills Instrument Limited, Columbia Weather Systems, Inc, Campbell Scientific, Inc, All Weather, Inc, Airmar Technology Corp. and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
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Target Audience of the Global Weather Forecasting Systems & Solutions Market in Market Study:
*Key Consulting Companies & Advisors
*Large, medium-sized, and small enterprises
*Venture capitalists
*Value-Added Resellers (VARs)
*Third-party knowledge providers
*Investment bankers
*Investors
TABLE OF CONTENTS
Chapter 1. Global Weather Forecasting Systems & Solutions Market Definition and Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Weather Forecasting Systems & Solutions Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter’s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Weather Forecasting Systems & Solutions Market, By Forecast Range
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Global Weather Forecasting Systems & Solutions Market, Sub Segment Analysis
5.3.1. Short Range Forecast
5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2. Medium Range Forecast
5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.3. Long Range Forecast
5.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 6. Global Weather Forecasting Systems & Solutions Market, By Component
6.1. Market Snapshot
6.2. Market Performance – Potential Model
6.3. Global Weather Forecasting Systems & Solutions Market, Sub Segment Analysis
6.3.1. Solution
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