According to a new market research report published by sheer analytics and insights, “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, as per the latest market research report titled, Global Weather Information Technologies Market - Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
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. Integration of the Internet of Things (IoT) and Artificial Intelligence (AI) technologies in the weather information systems will also help in the growth of the market during the forecasted period. The current COVID-19 pandemic has affected the market with many imposed regulations. One of these is the travel restrictions that have limited the frequency of the aircraft and cruises reducing the accuracy of the weather information.
Geographically, The Global Weather Information Technologies Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The primary key players in 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