• December 12, 2018

Global Weather Forecasting System Market, 2015-2018 & 2024 - ResearchAndMarkets.com - Odessa American: Business

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Global Weather Forecasting System Market, 2015-2018 & 2024 - ResearchAndMarkets.com

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Posted: Tuesday, December 4, 2018 11:13 am

DUBLIN--(BUSINESS WIRE)--Dec 4, 2018--The "Weather Forecasting System Market" report has been added to ResearchAndMarkets.com's offering.

Global weather forecasting systems market reached USD 3,526.1 Million in 2015 and is expected to reach USD 5,261.7 Million by the end of 2024, expanding at a CAGR of 5.2% over the forecast period i.e. 2018-2024.

Moreover, the growth of weather forecasting systems market is attributed to the increasing incidence of natural disasters in the world and rising climatic changes.

Global weather forecasting systems market is segmented on the basis of offering into software and hardware. Hardware weather forecasting systems (74.1% share in 2015) occupies the largest market of weather forecasting systems across the globe. Further, global hardware weather forecasting systems market is anticipated to reach USD 3,972.7 Million by the end of 2024 from USD 2,611.7 Million in 2015.

In addition to this, global weather forecasting systems market is segmented into forecast, transmission and end user. The forecast segment is further segmented into normal range, short range, medium range and long range, out of which, short range segment with 31.2% market share is anticipated to have largest share by the end of 2024.

End User segment is further segmented into media, energy, aviation, marine, agriculture, transportation and defense, out of which, aviation segment with 22.0% share is anticipated to have the largest share by 2024. Additionally, aviation segment accounted for USD 733.8 Million in 2015 and is forecasted to reach USD 1,159.4 Million by the end of 2024. Further, aviation segment is forecasted to observe a growth rate of 1.4x over the forecast period.

Key Topics Covered:

1. Research Methodology

2. Executive Summary

3. Risk Analysis

4. Top Countries with highest demand for Weather Forecasting Systems

5. Global Weather Forecasting Systems Market Value (USD million) Forecast, 2015-2024

6. Market Dynamics & Its Impact Analysis

7. Global Weather Forecasting Systems Market Segmentation Analysis, 2015-2024

8. Porter's Five Force Model Analysis

9. Competitive Landscape

Sutron Corp.VaisalaCampbell ScientificLockheed MartinColumbia Weather SystemsLiquid Robotics

For more information about this report visit https://www.researchandmarkets.com/research/gx487l/global—weather?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181204005856/en/

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Related Topics:Avionics

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/04/2018 12:13 PM/DISC: 12/04/2018 12:13 PM

http://www.businesswire.com/news/home/20181204005856/en

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