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How Is the Competitive Landscape Evolving in the Weather Monitoring Systems Market Worth $4.49 Billion by 2030?

user image 2024-08-23
By: Mayu14
Posted in: Information and Technology

The market research report titled ‘ 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’ projects that the weather monitoring systems market will grow to $4.49 billion by 2030, with a CAGR of 6.1% from 2023 to 2030.

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Market Growth Factors

The primary drivers of market growth are the increasing demand for accurate weather forecasting in agriculture and the need for ongoing weather monitoring to facilitate disaster management. Advanced technologies are expected to offer new growth opportunities, though the high cost of weather monitoring solutions might limit market expansion.

COVID-19 Impact Analysis

The COVID-19 pandemic disrupted numerous industries, including weather monitoring. The pandemic led to supply chain interruptions, distribution challenges, and international trade restrictions, resulting in reduced meteorological data from aircraft and diminished accuracy in transportation weather monitoring. Despite these setbacks, the market is expected to recover as global conditions improve.

Market Segmentation Breakdown

The weather monitoring systems market is segmented by component, range type, monitoring type, end-use industry, and geography.

Component Breakdown

The market is divided into solutions and services, with solutions holding the largest market share in 2022 and anticipated to experience the highest growth due to increased demand for weather monitoring sensors.

Range Type Breakdown

Short-range and long-range segments are included, with short-range holding a larger market share in 2022 and expected to grow rapidly due to the need for precise weather data.

Monitoring Type Breakdown

Segments include temperature monitoring, humidity monitoring, air quality monitoring, pressure monitoring, and others. Temperature monitoring was the largest segment in 2022, while air quality monitoring is expected to grow the fastest due to rising environmental concerns.

End-Use Industry Breakdown

The market is segmented into agriculture, transportation, media & telecommunication, government, renewable energy, and other industries. The transportation sector dominated in 2022 and is expected to see the highest growth due to increased demand for weather data to improve flight safety and trade traffic.

Geographic Segmentation

The market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific had the largest market share in 2022 and is expected to grow at the highest rate due to the rising demand for advanced weather monitoring technologies and renewable energy initiatives.

Competitive Landscape

Leading companies in the weather monitoring systems market include Vaisala (Finland), Baron Services, Inc. (U.S.), Aeron Systems Private Limited (India), and others. These players are employing various strategies to enhance their market position.

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