Weather Forecasting Services Market, by Range (Short Range, Medium Range, Long Range), Type (Onshore, Offshore) and End-Use Industry (Agriculture, Government & Public Sector, Transportation, Energy & Utilities), and Geography—Global Forecast to 2030

The Weather Forecasting Services Market is projected to reach $3.59 billion by 2030, at a CAGR of 7.4% during 2024–2030. The growth of this market is attributed to the rising need for weather forecasting services in the agriculture industry; increasing demand for streamlined operations across various verticals, including mining and construction; and rapid weather fluctuations. In addition, advanced technologies in weather forecasting services such as big data analytics, miniaturization, and IoT; increasing prevalence of weather data in businesses to improve their analytical capabilities; increasing use of satellites and radars, and growth in the renewable energy sector are expected to offer significant opportunities for the growth of this market.

However, the high costs of weather forecasting services are hindering their implementation. Also, the lack of standardization in weather forecasting models is a major challenge to the growth of this market.

Impact of COVID-19 on the Weather Forecasting Services Market

The COVID-19 pandemic led to governments imposing countrywide lockdowns to control the spread of the virus. The lockdown restrictions impacted manufacturing operations, with production facilities shutting down or running at reduced capacities to ensure social distancing and employee safety.

Due to travel restrictions, the demand for weather forecasting services declined. The drastic decline in the number of flights caused meteorological measurements to fall from 75% to 90%. The shortfall in meteorological results from the reduced number of airline flights increased the need for techniques capable of understanding how wind, pressure, temperature, and humidity are interconnected for climate research and weather forecasting. Countries started to rely on their own national weather forecasting capacities to compensate for this loss. For instance, In January 2020, the U.K.-based European Centre for Medium-Range Weather Forecasts started using wind information from the Aeolus satellite as a regular data source to bridge the gap as fewer measurements were coming in from airliners. Thus, the reduced amount of atmospheric data by airlines decreased the demand for weather forecasting services during the Pandemic.

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Rising Need for Weather Forecasting Services in the Agriculture Industry

Agriculture is an essential industry of an economy as it is the source of food consumption. Weather forecasting services are an important factor that farmers rely on for the successful production of crops. The agriculture industry needs to be well prepared for weather conditions or climatic changes as the overall output of the crop is highly dependent upon the weather conditions. An accurate weather forecast helps agriculture plants and harvest and ensures that farmers make the right decisions based on weather insights.

Weather forecasting helps the agriculture industry to know when is the correct time to apply fertilizer, along with the application rate and type of fertilizer. In addition, it helps control pests and other crop diseases from spreading over the field. Similarly, weather forecasting help farmers to assist how to use renewable energy, determining how much solar, wind and anaerobic energy the farm needs. The agriculture industry uses this information to harness the power of solar and wind energy by constructing solar panels and wind turbines. The increasing adoption of weather forecasting services aids the agriculture industry with better flexibility in operations, improves yields, maximizes profits, and provides better efficiency, which, in turn, supports the growth of the weather forecasting services market.

Key Findings in the Weather Forecasting Services Market Study:

In 2024, the Short Range Segment is Expected to Dominate the Weather Forecasting Services Market

Based on range, the weather forecasting services market is segmented into short range, medium range, and long range. In 2024, the short range segment is expected to account for the largest share of the weather forecasting services market. The large market share of this segment is attributed to the increasing demand for highly accurate information about rainfall, heat & cold wave conditions, thunders, and storms and adverse weather conditions in advance to reduce damages. However, the medium range segment is projected to register the highest CAGR during the forecast period.

In 2024, the Offshore Weather Forecasting Services Segment is Expected to Dominate the Weather Forecasting Services Market

Based on type, the weather forecasting services market is segmented into offshore weather forecasting services and onshore weather forecasting services. In 2024, the offshore weather forecasting services segment is expected to account for the larger share of the market. This segment is also projected to register the highest CAGR during the forecast period. This segment's large market share and growth are attributed to efficient day-to-day planning and informed decision-making for offshore operations; the surge in demand for planning weather-sensitive operations to ensure safe, efficient operations; and enormous savings on total operating costs. In addition, offshore weather forecasting services provide consultation for forecasting solutions and real-time forecasts.

In 2024, the Transportation Segment is Expected to Dominate the Weather Forecasting Services Market

Based on end-use industry, the weather forecasting services market is segmented into agriculture, government & public sector, transportation, energy & utilities, media & entertainment broadcast, and other end-use industries. In 2024, the transportation segment is expected to account for the largest share of the weather forecasting services market. The large market share of this segment is attributed to the increasing need for weather analysis and forecasting services; the rising adoption of sensors for temperature readings, & forecast weather conditions; and the growing demand for weather forecasting services for gathering weather data to enhance flight safety and increase trade traffic. However, the media & entertainment segment is projected to register the highest CAGR during the forecast period.

In 2024, North America is Expected to Dominate the Weather Forecasting Services Market

Based on geography, the weather forecasting services market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the market. The growth of this market is mainly driven by the presence of major players such as The Weather Company (U.S.) and DTN (U.S.), among others; the rising investments in weather forecasting technologies to better understand climate change; and the growing adoption of weather forecasting services among militaries and Navy sectors in the U.S. for oceanic and atmospheric forecasting. However, Asia-Pacific is projected to register the highest CAGR during the forecast period.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by the leading market participants in the weather forecasting services market between 2020 and 2022. The key players profiled in the weather forecasting services market report are AccuWeather, Inc. (U.S.), Fugro N.V. (Netherlands), Met Office (U.K.), Precision Weather (U.S.), StormGeo AS (Norway), The Tomorrow Companies Inc. (U.S.), The Weather Company (U.S.), DTN, LLC. (U.S.), Earth Networks, Inc. (U.S.), Jupiter Intelligence, Inc (U.S.), Weather Intelligence Pty Ltd. (Australia), Skymet Weather Services Pvt. Ltd. (India), Spire Global, Inc. (U.S.), BMT Group (U.K.), Understory (U.S.), EarthCast Technologies, LP (U.S.), PlanetiQ (U.S.), Planalytics, Inc.(U.S.), Kachelmann GmbH (U.S.), and Saildrone, Inc. (U.S.).

Scope of the Report:

Weather Forecasting Services Market, by Range

• Short Range                                                          
• Medium Range
• Long Range

Weather Forecasting Services Market, by Type

• Onshore Weather Forecasting Services                                                            
• Offshore Weather Forecasting Services

Weather Forecasting Services Market, by End-use Industry

• Agriculture                                                             
• Government & Public Sector
• Transportation 
  • Aviation
  • Marine
  • Road Transportation
• Energy & Utilities
• Media & Entertainment Broadcast
• Other End-use Industries

Weather Forecasting Services Market, by Geography

• Asia-Pacific
  • China
  • Japan
  • India
  • Australia & New Zealand
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia-Pacific
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Rest of Europe
• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Israel
  • Saudi Arabia
  • Rest of Middle East & Africa

Key questions answered in the report: