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Weather Monitoring Systems Market by Component (Solutions, Services), Monitoring Type (Temperature Monitoring, Humidity Monitoring, Air Quality), End-use Industry (Agriculture, Transportation), and Geography - Global Forecast to 2030
Report ID: MRSE - 104733 Pages: 250 Jun-2024 Formats*: PDF Category: Semiconductor and Electronics Delivery: 24 to 72 Hours Download Free Sample ReportThe Weather Monitoring Systems Market is expected to reach $4.49 billion by 2030, at a CAGR of 6.1% during the forecast period 2024–2030. The increased need for continuous weather monitoring to enable disaster management and the rapid weather fluctuations and climate changes drive the growth of this market. In addition, the increasing adoption of sensors for weather monitoring and the emergence of advanced technologies are expected to offer significant opportunities for market growth. However, the increasing functional issues in sensors and the high cost associated with weather monitoring solutions are expected to restrain the growth of this market.
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The COVID-19 pandemic emerged in Wuhan, China, in December 2019. By March 2020, the virus had spread to most countries around the world, with the WHO declaring the disease a global pandemic. Governments across the globe imposed nationwide lockdowns to curb the spread of the disease. The lockdown restrictions impacted manufacturing & construction operations, with production facilities shutting down completely or operating at reduced capacities to ensure social distancing and employee safety. Most industries came to a standstill due to raw material & workforce shortages, supply chain disruptions, and restrictions on international trade. The demand for weather monitoring systems declined during the COVID-19 pandemic as the transportation sector was halted, disrupting the supply chain.
The COVID-19 pandemic had a negative impact on the weather monitoring systems market. It led to traveling restrictions that reduced the number of flights operating worldwide. The pandemic was also negatively impacted by marine observing systems owing to the restrictions, but to a lesser extent than other transportation-based observation systems. This reduced the amount of atmospheric data routinely gathered by commercial airliners. Thus, the demand for weather monitoring systems decreased during the pandemic.
Rapid Weather Fluctuations and Climate Changes Drive the Market Growth
The frequent climate change and rapid global warming have significantly contributed to the expansion of the weather monitoring systems market. Due to these weather fluctuations, the risk of natural disasters has increased. Thus, continuous monitoring of weather conditions is important to provide insights regarding rising temperatures, air quality, hurricanes, and floods. Such insights help to take preventive measures and decisions to avoid the damages caused by natural disasters. It also increases the concern in a variety of industries. Weather monitoring systems help to take preventive measures to save these industries from massive damages and losses. Thus, the demand for these systems is increasing to provide advanced warnings for such disasters.
The Solutions Segment Accounted for the Largest Market Share in 2022
Based on component, the weather monitoring systems market is segmented into solutions and services. In 2022, the solutions segment accounted for the larger share of the weather monitoring systems market. The segment’s large share is attributed to the increasing demand for weather monitoring solutions to provide accurate data in any weather condition and the increasing demand for sensors for monitoring weather conditions.
The Air Quality Segment to Record the Highest CAGR During the Forecast Period
Based on monitoring type, the weather monitoring systems market is segmented into temperature monitoring, humidity monitoring, air quality, pressure monitoring, and other monitoring types. In 2022, the air quality segment is expected to record the highest CAGR during the forecast period. The growth of the segment is attributed to the increasing need to monitor air quality to collect data on air pollution in the outdoor environment.
The Transportation Segment Dominated the Market in 2022
Based on end-use industry, the weather monitoring systems market is segmented into agriculture, transportation, media & telecommunication, government, renewable energy, and other end-use industries. In 2022, the transportation segment accounted for the largest share of the weather monitoring systems market. The growth of this segment is attributed to the increasing adoption of sensors to take temperature readings and monitor weather conditions and the increasing demand for weather monitoring systems for gathering weather data to enhance flight safety and increase trade traffic.
Asia-Pacific to be the Fastest-growing Market During the Forecast Period
Based on geography, the weather monitoring systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to record the highest CAGR during the forecast period. The growth of this region is attributed to the increasing demand for advanced weather monitoring sensors and data services for the aviation industry in the region and the frequent climate changes that leads to a high risk of natural disasters in the region. This increases the need for weather monitoring systems to forecast weather conditions.
Key Players
The weather monitoring systems market study includes a competitive landscape based on an extensive assessment of the key strategic developments of leading market players from 2020 to 2022. The key players profiled in the weather monitoring systems market study are Vaisala (Finland), Baron Services, Inc. (U.S.), Aeron Systems Private Limited (India), Earth Networks (U.S.), Boltek Lightning Detection Systems (Canada), Trafitek Solutions Private Ltd. (India), Campbell Scientific, Inc. (U.S.), Columbia Weather Systems, Inc. (U.S.), AnythingWeather Communications, Inc. (U.S.), Hoskin Scientific (Canada), Airmar Technology Corporation (U.S.), Intermountain Environmental Inc. (U.S.), Free Spirits Green Labs Private Limited (India), MORCOM International (U.S.), and Davis Instruments (U.S.).
Scope of the Report:
Weather Monitoring Systems Market, by Component
Weather Monitoring Systems Market, by Range Type
Weather Monitoring Systems Market, by Monitoring Type
Weather Monitoring Systems Market, by End-use Industry
Weather Monitoring Systems Market, by Geography
Key Questions Answered in the Report:
The weather monitoring systems market is projected to reach $4.49 billion by 2030 at a CAGR of 6.1% during the forecast period.
The major factors driving this market are the rapid weather fluctuations and climate changes, rising concerns related to worker safety, rising demand for weather forecasting services for the agriculture industry, and the increased need for continuous weather monitoring to enable disaster management. In addition, the increasing adoption of sensors for weather monitoring and the emergence of advanced technologies are expected to offer significant opportunities for players operating in this market.
The key players operating in the weather monitoring systems market are Vaisala (Finland), Baron Services, Inc. (U.S.), Aeron Systems Private Limited (India), Earth Networks (U.S.), Boltek Lightning Detection Systems (Canada), Trafitek Solutions Private Ltd. (India), Campbell Scientific, Inc. (U.S.), Columbia Weather Systems, Inc. (U.S.), AnythingWeather Communications, Inc. (U.S.), Hoskin Scientific (Canada), Airmar Technology Corporation (U.S.), Intermountain Environmental Inc. (U.S.), Free Spirits Green Labs Private Limited (India), MORCOM International (U.S.), and Davis Instruments (U.S.).
In 2022, Asia-Pacific is expected to dominate the weather monitoring systems market and is projected to record the highest growth rate over the forecast period.
Published Date: Jun-2024
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