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What Innovations Are Driving the Weather Monitoring Systems Market to a $4.49 Billion Valuation by 2030?

user image 2024-09-12
By: Mayu14
Posted in: Information and Technology

The global weather monitoring systems market is projected to reach $4.49 billion by 2030, with a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. This growth is propelled by the increasing demand for precise weather forecasting services in agriculture and the necessity for continuous monitoring to aid disaster management. Furthermore, advancements in technology are expected to provide significant growth opportunities, although high costs associated with these systems may pose challenges.

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Impact of COVID-19

The COVID-19 pandemic severely impacted global industries, including weather monitoring. The pandemic led to disruptions in business operations and a decline in meteorological measurements from aircraft, which fell by 75% to 80%. The transportation sector saw reduced weather monitoring accuracy due to fewer flights. Despite these setbacks, the shipping industry continued to operate, facilitating essential supplies and medicines. As the pandemic’s effects diminish, the demand for weather monitoring systems is expected to recover and grow substantially.

Market Segmentation

The weather monitoring systems market is divided into several segments:

  • Component : Includes solutions and services. The solutions segment held a larger share in 2022 and is expected to grow the fastest due to rising sensor demand.
  • Range Type : Comprises short-range and long-range. The short-range segment led in 2022 and is anticipated to grow rapidly due to the need for precise weather data in adverse conditions.
  • Monitoring Type : Encompasses temperature, humidity, air quality, pressure, and other types. Temperature monitoring was the largest segment in 2022, while air quality monitoring is expected to grow the fastest due to increased focus on air pollution.
  • End-use Industry : Covers agriculture, transportation, media & telecommunication, government, renewable energy, and others. The transportation sector dominated in 2022 and is projected to see the highest growth due to rising demand for weather data to enhance flight safety and trade efficiency.

Geographical Insights

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific led the market in 2022 and is expected to grow the fastest. This growth is driven by the rising need for advanced weather monitoring technology in aviation and a shift toward renewable energy.

Key Players

Leading players in the weather monitoring systems market include 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.).

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