SAN FRANCISCO , June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Weather Forecasting Systems and Solutions - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to our digital archives and MarketGlass Research Platform
Complimentary updates for one year
Edition: 8; Released: January 2022
Executive Pool: 359
Companies: 19 - Players covered include AIRMAR Technology Corp.; Campbell Scientific Inc.; Columbia Weather Systems, Inc.; G. Lufft Mess- und Regeltechnik GmbH; Gill Instruments Ltd.; Hoskin Scientific Ltd.; Liquid Robotics, Inc.; Met One Instruments, Inc.; Morcom International, Inc.; Skye Instruments Limited; Sutron Corporation; Vaisala Oyj and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Commercial, Military, Weather Service Providers); Systems (Ground-based, Satellite-based, Airborne); Type (Software, Hardware)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Weather Forecasting Systems and Solutions Market to Reach $4.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Weather Forecasting Systems and Solutions estimated at US$3 Billion, is projected to reach a revised size of US$4.3 Billion by 2026, growing at a CAGR of 6.1% over the analysis period. Software, one of the segments analyzed in the report, is projected to record a 7.5% CAGR and reach US$3.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardware segment is readjusted to a revised 3.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $863.3 Million in 2021, While China is Forecast to Reach $911.7 Million by 2026
The Weather Forecasting Systems and Solutions market in the U.S. is estimated at US$863.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$911.7 Million by the year 2026 trailing a CAGR of 9.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.