The Global Weather Information Technologies Market was valued at $2.5 Billion in 2020. Growing at a high CAGR of more than 6.8% between 2021 and 2031, it is estimated to reach $5.1 Billion by 2031. But due to the current COVID-19 pandemic, there might be a slight difference in the growth rate in the present year. Increased demand for real-time monitoring and air quality check to take the preliminary measures for disaster management and mitigating risk has accelerated the growth of this market during the forecasted period.
Global Weather Information Technologies Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global Weather Information Technologies Market has been segmented into component, forecast range, application, end-use. On the basis of component Global Weather Information Technologies Market has been segmented into Communication Devices, Monitoring Devices, Software, Others. On the basis of the forecast range, it has been segmented into Short-range Forecasts, Medium-range forecasts, Long-range forecasts. On the basis of application, it has been segmented into Air Quality Monitoring, Weather Monitoring & Forecasting. On the basis of end-use it has been segmented into Agriculture, Industrial, Transportation, Power & Energy, Government & Defense, Meteorology & Weather Service Providers, Others.
By Region, Asia Pacific Is Holding The Major Market Share
The Global Weather Information Technologies Market has been geographically segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. In addition to this, Asia Pacific Global Weather Information Technologies Market is holding the largest market share at present and is estimated to witness a high compound annual growth rate during the upcoming forecasted period. increased government investments in commercial solutions besides the privately launched satellites have led this region to dominate the market. Besides this Middle East and Africa is going to witness remarkable growth during the forecasted period.
Major Players in Global Weather Information Technologies Market
Some of the key players in the Global Weather Information Technologies Market include All Weather, Inc. (AWI), Campbell Scientific, Inc., Columbia Weather Systems, Inc., General Acoustics e.K., Gill Instruments Limited, IBM, Lockheed Martin Corporation, Met One Instruments Inc., MORCOM International, Optical Scientific, Inc., Pulsonic, Skye Instruments Limited, The Weather Company, Vaisala.
The Global Weather Information Technologies Market Has Been Segmented Into:
Global Weather Information Technologies Market, By Component
Global Weather Information Technologies Market, By Forecast Range
Global Weather Information Technologies Market, By Application
Global Weather Information Technologies Market, By End-Use
Global Weather Information Technologies Market, By Region
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