Los Angeles, January 28, 2020 -Global weather forecasting services market is rising in demand primarily due to need for accurate weather prediction for better air traffic control. QY Research has recently published a report titled “Global Weather Forecasting Services Market Size, Status and Forecast 2020-2026”. According to the report, the global weather forecasting services market is expected to be US$2263mn in 2020 and US$4416mn by the end of 2026, registering a CAGR of 10.01% during the forecast period.
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Improved Weather Prediction to Boost Weather Forecasting Services Market
Weather forecasting services are rising in demand as they have integrated real time weather prediction, which assists in improved safety for its end user industries. Its application specific solution is rising in popularity in developed and developing regions as it provides information related to weather and air traffic. Technological innovations and improved operational efficiency is further boosting the demand among its users. These services aid in reducing operational costs and accidents.
Disaster management is the primary factor triggering the demand for the market. Users can easily forecast weather and improve trade decisions. Weather forecasting services also aid in improving distribution, warehousing, and transportation processes. The market is however expected to face restraints as the complexity of these models demand trained professionals.
Increased Safety Measure to Bolster Aviation Segment
Aviation is one of the largest end-user industry. Analysts anticipate the industry will continue on the same path as weather prediction is crucial to safety standards of the industry. These services help in providing clarity in weather predictions such as expected tornados, floods, and droughts that will help in improving decisions and safety.
North America to Lead Owing to Concentration of End User Industries
North America is expected to rise in demand owing to early adoption of technology and due to the presence of strong key players in this region. Flourishing agriculture, aviation, and transportation industries are also likely to boost the demand in this region.
Global Weather Corporation has been recently awarded a patent for improving its weather forecast methods by innovating sensor data from vehicles. The new method is aimed to deliver better forecast to leverage weather observation.
The key players operating in the global weather forecasting services market are Global Weather Corporation, Accuweather Inc., BMT ARGOSS, Skymet Weather Services, Precision Weather, The Weather Company, Fugro, Enav S.p.A, Right Weather LLC, and StormGeo.
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