Kenneth Research, in its repository of market research reports, has recently added a report on Weather Forecasting Equipment Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Weather Forecasting Equipment Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions 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) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest 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 Equipment Market products.
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Kenneth Research, in its repository of market research reports, have recently added a report on Weather Forecasting Equipment Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The Weather Forecasting Equipment Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide.
According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies and stakeholders) and secondary research, the report aims to present the analysis of Global Weather Forecasting Equipment Market by Value. The report analyzes the Weather Forecasting Equipment Market by Sensor Type (Barometer, Hygrometer, Anemometer, Thermometer, Others), by Application type (Agriculture, Aviation, Transportation & Logistics, Meteorology, Others) and by equipment type (Drones/UAVs, Weather Station, LIDAR, Others). The Global Weather Forecasting Equipment Market has been analysed By Region (America, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Mexico, Brazil, Germany, France, United Kingdom, China, Japan, India) for the historical period of 2014-2018 and the forecast period of 2019-2024.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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The Global Weather Forecasting Equipment Market was valued at USD 3,908.15 Million in the year 2018. Key responsible factors for high demand of Weather Forecasting Equipment include product performance, durability and growing adoption in developed and developing countries. The global weather forecasting equipment market is mostly driven by gaining popularity among various end-user industries. Moreover, the leading companies are actively engaged in launching innovative products to gain competitive edge over other players, which is also propelling the market.
More accurate weather forecasting allows airlines to maximize the use of their planes. It makes shipping easier and safer. Utilities can better make decisions about their capacity needs during heat waves or large rainfalls. Additionally, rapid industrialization in growing economies of APAC regions like India, china and Japan along with other developing countries like Brazil is anticipated to boost the demand of weather forecasting equipment.
The report has covered and analysed the potential of global Weather Forecasting Equipment market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation.
Scope of the Report
Global Weather Forecasting Equipment Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Analysis by Sensor Type – Barometer, Hygrometer, Anemometer, Thermometer, Others
• Analysis by Application Type – Agriculture, Aviation, Transportation & Logistics, Meteorology, Others
• Analysis by Equipment Type – Drones/UAVs, Weather Station, LIDAR, Others
Regional Analysis – America, Europe, Asia Pacific, ROW (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Analysis by Sensor Type – Barometer, Hygrometer, Anemometer, Thermometer, Others
• Analysis by Application Type- Agriculture, Aviation, Transportation & Logistics, Meteorology, Others
• Analysis by Equipment Type- Drones/UAVs, Weather Station, LIDAR, Others
Country Analysis – United States, Canada, Mexico, Brazil, Germany, France, United Kingdom, China, Japan, India (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Analysis by Sensor Type- Barometer, Hygrometer, Anemometer, Thermometer, Others
• Analysis by Application Type- Agriculture, Aviation, Transportation & Logistics, Meteorology, Others
• Analysis by Equipment Type- Drones/UAVs, Weather Station, LIDAR, Others
Other Report Highlights
• Market Dynamics – Drivers and Restraints.
• Market Trends.
• SWOT Analysis.
• Porter’s Five Forces.
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Company Analysis – Vaisala, Campbell Scientific,Inc, Airmar Technology Corporation, All Weather Inc., Morcom International, Skye Instrument Limited, Munro Instruments Limited, Lufft Mess-und Regeltechnik GmbH, Sutron Corporation
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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