Weather forecasting services can be defined as a technique that implements software, tools, and models, which perform the strategic analysis of atmospheric data to predict weather conditions for a particular location under a stipulated time frame. The process of forecasting follows functionalities of meteorology. Massive volume of structured and unstructured data is utilized by weather forecasting models to deliver improved analytical output that enables optimization of business revenues for various end-use industries. Weather forecasting services are currently implemented by transportation, aviation, energy & utilities, banking financial services & insurance (BFSI), agriculture, media, manufacturing, retail, others. The global weather forecasting services market was valued at $1,205 million in 2016, and is projected to reach $2,777 million by 2023, growing at a CAGR of 13.1% from 2017 to 2023.
The growth of the weather forecasting services market is majorly driven by growth in demand for real-time weather management, increase in demand for performance optimization, development associated with end-use industries, rise in safety concerns among various end-use industries, and others. However, dearth of trained professionals, complexities associated with weather prediction models, and uncertainty of weather prediction are expected to restrain the weather forecasting services market growth. Increase in the production of renewable energy and growth of transportation industry among developing regions are expected to provide lucrative opportunities for market growth.
The global weather forecasting services market is segmented based on forecasting type, end-use industry, and region. On the basis of forecasting type, the market is divided into short-range forecasting, medium-range forecasting, and long-range forecasting. By end-use industry, it is classified into transportation, aviation, energy & utilities, banking financial services & insurance (BFSI), agriculture, media, manufacturing, retail, others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key market players that operate in the market are Global Weather Corporation, Accuweather Inc., BMT Group, Skymet Weather services Pvt., Ltd., Precision Weather, The Weather Company, Fugro, Enav S.p.A, Met Office, and Skyview Systems Ltd.
KEY BENEFITS FOR STAKEHOLDERS
Key Market Segments
By forecasting type
By end-use industry
By Geography
Key players profiled in the report
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. KEY MARKET SEGMENTATION
1.5. RESEARCH METHODOLOGY
1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Competitive rivalry
3.4. KEY PLAYER POSITIONING, 2016 (%)
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
CHAPTER 4 WEATHER FORECASTING SERVICES MARKET BY FORECASTING TYPE
4.1. OVERVIEW
4.2. SHORT-RANGE FORECASTING
4.2.1. Key Market Trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast ($Million)
4.3. MEDIUM-RANGE FORECASTING
4.3.1. Key Market Trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast ($Million)
4.4. LONG-RANGE FORECASTING
4.4.1. Key Market Trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast ($Million)
CHAPTER 5 WEATHER FORECASTING SERVICES MARKET BY END-USE INDUSTRY
5.1. OVERVIEW
5.2. TRANSPORTATION
5.2.1. Key Market Trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast ($Million)
5.3. AVIATION
5.3.1. Key Market Trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast ($Million)
5.4. ENERGY & UTILITIES
5.4.1. Key Market Trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast ($Million)
5.5. BFSI
5.5.1. Key Market Trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast ($Million)
5.6. AGRICULTURE
5.6.1. Key Market Trends
5.6.2. Key growth factors and opportunities
5.6.3. Market size and forecast ($Million)
5.7. MEDIA
5.7.1. Key Market Trends
5.7.2. Key growth factors and opportunities
5.7.3. Market size and forecast ($Million)
5.8. MANUFACTURING
5.8.1. Key Market Trends
5.8.2. Key growth factors and opportunities
5.8.3. Market size and forecast ($Million)
5.9. RETAIL
5.9.1. Key Market Trends
5.9.2. Key growth factors and opportunities
5.9.3. Market size and forecast ($Million)
5.10. OTHERS
5.10.1. Key Market Trends
5.10.2. Key growth factors and opportunities
5.10.3. Market size and forecast ($Million)
CHAPTER 6 WEATHER FORECASTING SERVICES MARKET BY REGION
6.1. OVERVIEW
6.2. NORTH AMERICA
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast ($Million)
6.2.3.1. U.S.
6.2.3.2. Canada
6.2.3.3. Mexico
6.3. EUROPE
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast ($Million)
6.3.3.1. UK
6.3.3.2. Germany
6.3.3.3. France
6.3.3.4. Rest of Europe
6.4. ASIA-PACIFIC
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast ($Million)
6.4.3.1. China
6.4.3.2. India
6.4.3.3. Japan
6.4.3.4. South Korea
6.4.3.5. Rest of Asia-Pacific
6.5. LATIN AMERICA, THE MIDDLE EAST, AND AFRICA (LAMEA)
6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast ($Million)
6.5.3.1. Latin America
6.5.3.2. Middle East
6.5.3.3. Africa
CHAPTER 7 COMPANY PROFILES
7.1. GLOBAL WEATHER CORPORATION
7.1.1. Company Overview
7.1.2. Financial performance
7.1.3. Key strategies & developments
7.2. ACCUWEATHER INC.
7.2.1. Company Overview
7.2.2. Financial performance
7.2.3. Key strategies & developments
7.3. BMT GROUP
7.3.1. Company Overview
7.3.2. Financial performance
7.3.3. Key strategies & developments
7.4. SKYMET WEATHER SERVICES PVT., LTD.
7.4.1. Company Overview
7.4.2. Financial performance
7.4.3. Key strategies & developments
7.5. PRECISION WEATHER
7.5.1. Company Overview
7.5.2. Financial performance
7.5.3. Key strategies & developments
7.6. THE WEATHER COMPANY
7.6.1. Company Overview
7.6.2. Financial performance
7.6.3. Key strategies & developments
7.7. FUGRO
7.7.1. Company Overview
7.7.2. Financial performance
7.7.3. Key strategies & developments
7.8. ENAV S.P.A
7.8.1. Company Overview
7.8.2. Financial performance
7.8.3. Key strategies & developments
7.9. MET OFFICE
7.9.1. Company Overview
7.9.2. Financial performance
7.9.3. Key strategies & developments
7.10. SKYVIEW SYSTEMS LTD.
7.10.1. Company Overview
7.10.2. Financial performance
7.10.3. Key strategies & developments
LIST OF TABLES
TABLE 1. WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 2. GLOBAL WEATHER FORECASTING SERVICES MARKET REVENUE, BY FORECASTING TYPE, 2016-2023 ($MILLION)
TABLE 3. SHORT-RANGE FORECASTING WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 4. MEDIUM-RANGE FORECASTING WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 5. LONG-RANGE FORECASTING WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 6. GLOBAL WEATHER FORECASTING SERVICES MARKET REVENUE, BY END-USE INDUSTRY, 2016-2023 ($MILLION)
TABLE 7. TRANSPORTATION WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 8. AVIATION WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 9. ENERGY & UTILITIES WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 10. BFSI WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 11. AGRICULTURE WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 12. MEDIA WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 13. MANUFACTURING WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 14. RETAIL WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 15. OTHERS WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 16. GLOBAL WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 17. NORTH AMERICAN WEATHER FORECASTING SERVICES MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 18. EUROPE WEATHER FORECASTING SERVICES MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 19. ASIA-PACIFIC WEATHER FORECASTING SERVICES MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 20. LAMEA WEATHER FORECASTING SERVICES MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 21. COMPANY SNAPSHOT: GLOBAL WEATHER CORPORATION
TABLE 22. COMPANY SNAPSHOT: ACCUWEATHER INC.
TABLE 23. COMPANY SNAPSHOT: BMT GROUP
TABLE 24. COMPANY SNAPSHOT: SKYMET WEATHER SERVICES PVT., LTD.
TABLE 25. COMPANY SNAPSHOT: PRECISION WEATHER
TABLE 26. COMPANY SNAPSHOT: THE WEATHER COMPANY
TABLE 27. COMPANY SNAPSHOT: FUGRO
TABLE 28. COMPANY SNAPSHOT: ENAV S.P.A
TABLE 29. COMPANY SNAPSHOT: MET OFFICE
TABLE 30. COMPANY SNAPSHOT: SKYVIEW SYSTEMS LTD.
LIST OF FIGURES
FIGURE 1. KEY MARKET SEGMENTATION
FIGURE 2. OVERVIEW OF THE OPPORTUNITIES IN THE GLOBAL WEATHER FORECASTING SERVICES MARKET
FIGURE 3. TOP IMPACTING FACTORS
FIGURE 4. TOP INVESTMENT POCKETS IN THE GLOBAL WEATHER FORECASTING SERVICES MARKET
FIGURE 5. TOP WINNING STRATEGIES
FIGURE 6. TOP WINNING STRATEGY
FIGURE 7. BARGAINING POWER OF SUPPLIERS
FIGURE 8. BARGAINING POWER OF BUYERS
FIGURE 9. THREAT OF SUBSTITUTES
FIGURE 10. THREAT OF NEW ENTRANTS
FIGURE 11. COMPETITIVE RIVALRY
FIGURE 12. KEY PLAYER POSITIONING OF GLOBAL WEATHER FORECASTING SERVICES MARKET, 2016 (%)
FIGURE 13. MARKET DYNAMICS
FIGURE 14. GLOBAL WEATHER FORECASTING SERVICES MARKET, BY FORECASTING TYPE
FIGURE 15. GLOBAL WEATHER FORECASTING SERVICES MARKET, BY FORECASTING TYPE, 2016-2023
FIGURE 16. GLOBAL WEATHER FORECASTING SERVICES MARKET, BY END-USE INDUSTRY
FIGURE 17. GLOBAL WEATHER FORECASTING SERVICES MARKET, BY END-USE INDUSTRY, 2016-2023
FIGURE 18. GLOBAL WEATHER FORECASTING SERVICES MARKET, BY REGION
FIGURE 19. NORTH AMERICAN WEATHER FORECASTING SERVICES MARKET
FIGURE 20. U.S. WEATHER FORECASTING SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 21. CANADA WEATHER FORECASTING SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 22. MEXICO WEATHER FORECASTING SERVICES MARKET, 2016-2023($MILLION)
FIGURE 23. EUROPE WEATHER FORECASTING SERVICES MARKET
FIGURE 24. UK WEATHER FORECASTING SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 25. GERMANY WEATHER FORECASTING SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 26. FRANCE WEATHER FORECASTING SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 27. REST OF EUROPE WEATHER FORECASTING SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 28. ASIA-PACIFIC WEATHER FORECASTING SERVICES MARKET
FIGURE 29. CHINA WEATHER FORECASTING SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 30. INDIA WEATHER FORECASTING SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 31. JAPAN WEATHER FORECASTING SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 32. SOUTH KOREA WEATHER FORECASTING SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 33. REST OF ASIA-PACIFIC WEATHER FORECASTING SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 34. LAMEA WEATHER FORECASTING SERVICES MARKET
FIGURE 35. LATIN AMERICA WEATHER FORECASTING SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 36. MIDDLE EAST WEATHER FORECASTING SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 37. AFRICA WEATHER FORECASTING SERVICES MARKET, 2016-2023 ($MILLION)
FIGURE 38. FINANCIAL PERFORMANCE: GLOBAL WEATHER CORPORATION
FIGURE 39. FINANCIAL PERFORMANCE: ACCUWEATHER INC.
FIGURE 40. FINANCIAL PERFORMANCE: BMT GROUP
FIGURE 41. FINANCIAL PERFORMANCE: SKYMET WEATHER SERVICES PVT., LTD.
FIGURE 42. FINANCIAL PERFORMANCE: PRECISION WEATHER
FIGURE 43. FINANCIAL PERFORMANCE: THE WEATHER COMPANY
FIGURE 44. FINANCIAL PERFORMANCE: FUGRO
FIGURE 45. FINANCIAL PERFORMANCE: ENAV S.P.A
FIGURE 46. FINANCIAL PERFORMANCE: MET OFFICE
FIGURE 47. FINANCIAL PERFORMANCE: SKYVIEW SYSTEMS LTD.
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