Weather Forecasting Services Market by Industry (Renewable Energy, Oil & Gas, Shipping, Media, Agriculture, Insurance, Retail, Aviation), Purpose (Safety, Operational Efficiency), Forecasting Type (Short, Medium, Long) and Region - Global Forecast to 2021

“Increasing demand for more reliable and accurate weather forecast is a major factor driving the weather forecasting services market globally’’

The weather forecasting services market is projected to grow from USD 1.10 billion in 2016 to USD 1.56 billion by 2021, at a CAGR of 7.15% during the forecast period. Factors such as rapid industrialization, growth in transportation (aviation and shipping), and constant measures to reduce greenhouse gas emissions, and increase in production of clean energy (renewable energy) are influencing the growth of the weather forecasting services market. Main functions of weather forecasting services include issuing disaster warnings, giving information to optimize operations, and increasing the efficiency of industries, which extensively rely on weather for operations. However, aspects such as complex process of forecasting and uncertainty of forecasts may limit its market growth.

”Based on industry, the renewable energy segment is expected to grow at the highest CAGR during the forecast period”

Based on industry, the renewable energy segment is projected to grow at the highest CAGR during the forecast period. Governments are deploying renewable energy power plants efficiently to supplement energy requirements of countries, thereby reducing emission of greenhouse gases and contributing to clean energy. These factors have fueled the growth of renewable energy industries.

“Based on forecast type, the medium range segment is expected to grow at the highest rate during the forecast period”

Based on forecast type, the medium range segment is projected to lead the weather forecasting services market during the forecast period. New developments such as advance data analytics and machine learning techniques of computers have increased accuracy and reliability of forecasts over medium range. These technological advancements have fueled the growth of the weather forecasting services market for medium range.

’’The weather forecasting services market in APAC is projected to grow at the highest rate during the forecast period”

The weather forecasting services market in Asia-Pacific is estimated to account for the largest market share in 2016. The weather forecasting services market in Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period. Factors such as growth of air & sea transport, dependency on rainfall for water, improving economic conditions in the Asia-Pacific region, and increasing concerns for safety & security are expected to drive the Asia-Pacific weather forecasting services market.

Break-up of primary interviews conducted for research study:
‧ By Company Type - Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
‧ By Designation – C level – 35%, Director level – 25%, and Others – 40%
‧ By Region – North America - 45%, Europe – 30%, APAC – 20%, RoW – 5%
Key players in the weather forecasting services market are StormGeo (Norway), The Weather Company (U.S.), Fugro (Netherlands), and ENAV S.p.A (Europe), among others.

Research Coverage:
The weather forecasting services market has been segmented on the basis of industry, forecasting type, and purpose. Based on industry, the weather forecasting services market has been divided into renewable energy, shipping, oil & gas, media, aviation, utilities, retail, agriculture, insurance, and others. Based on purpose, the weather forecasting services market has been divided into operational efficiency, safety, and others. On the basis of forecast type, the market has been classified into short range, medium range, and long range.

Reasons to Buy the Report:

From an insight perspective, this research report has focused on various levels of analysis —industry analysis (industry trends, market share analysis of top players, value chain analysis, and company profiles), which together comprise and discuss basic views on competitive landscape, emerging and high-growth segments of the weather forecasting services market, high-growth regions and countries, with market drivers, restraints, and opportunities.

The report provides insights into the following pointers:
 Market Penetration: Comprehensive information on weather forecast offered by top 10 players in the weather forecasting services market

 Product Development/Innovation: Detailed insights on research & development activities and new product launches in the weather forecasting services market

 Market Development: Comprehensive information about emerging markets - the report analyzes the weather forecasting services market across regions

 Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the weather forecasting services market

 Competitive Assessment: In-depth assessment of market shares, strategies, and products of leading players in the weather forecasting services market

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 STUDY SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 REGIONAL SCOPE 15
1.3.3 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY & PRICING 16
1.5 STUDY LIMITATIONS 17
1.6 MARKET STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Breakdown of primaries: By company type, designation, and region 21
2.2 FACTOR ANALYSIS 21
2.2.1 INTRODUCTION 21
2.2.2 DEMAND-SIDE ANALYSIS 21
2.2.2.1 Increasing safety concerns because of climate change 22
2.2.2.2 Increasing international trade 23
2.2.3 SUPPLY-SIDE ANALYSIS 23
2.2.3.1 Advancements in weather forecasting technologies 23
2.3 MARKET SIZE ESTIMATION 24
2.3.1 RESEARCH METHODOLOGY – 1 24
2.3.2 RESEARCH METHODOLOGY – 2 25
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 26
2.5 RESEARCH ASSUMPTIONS & LIMITATIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 35
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN WEATHER FORECASTING SERVICES MARKET 35
4.2 WEATHER FORECASTING SERVICES MARKET, BY INDUSTRY 35
4.3 WEATHER FORECASTING SERVICES MARKET, BY PURPOSE 36
4.4 ASIA-PACIFIC WEATHER FORECASTING SERVICES MARKET 36
4.5 WEATHER FORECASTING SERVICES MARKET, BY FORECASTING TYPE 37
4.6 WEATHER FORECASTING SERVICES MARKET, BY REGION 37
4.7 LIFE CYCLE ANALYSIS 38
5 MARKET OVERVIEW 39
5.1 INTRODUCTION 40
5.2 MARKET SEGMENTATION 41
5.2.1 WEATHER FORECASTING SERVICES MARKET, BY INDUSTRY 42
5.2.2 WEATHER FORECASTING SERVICES MARKET, BY PURPOSE 42
5.2.3 WEATHER FORECASTING SERVICES MARKET, BY FORECASTING TYPE 43
5.3 MARKET DYNAMICS 43
5.3.1 DRIVERS 44
5.3.1.1 Increasing safety concerns among end-use industries 44
5.3.1.2 Increase in air travel 44
5.3.1.3 Growth of shipping industry 45
5.3.1.4 Uncertainty in rainfall 46
5.3.2 RESTRAINTS 46
5.3.2.1 Uncertainty in forecasting methods 46
5.3.2.2 Complexity of weather forecasting models 47
5.3.3 OPPORTUNITIES 47
5.3.3.1 Upcoming airports in APAC and the Middle East 47
5.3.3.2 Rising application of supercomputer models and weather drones 49
5.3.4 CHALLENGES 49
5.3.4.1 Lack of automation 49
5.3.4.2 Occurrence of false alarms 49
6 INDUSTRY TRENDS 50
6.1 INTRODUCTION 51
6.2 VALUE CHAIN ANALYSIS 52
6.2.1 KEY INFLUENCERS 53
6.3 INDUSTRY TRENDS 54
6.3.1 USE OF WEATHER BALLOONS TO FORECAST WEATHER 54
6.3.2 WEATHER DRONES 54
6.3.3 SUPERCOMPUTERS FOR WEATHER FORECAST 55
6.3.4 DEVELOPMENT OF COMPUTER MODELS WITH FASTER PROCESSORS 55
6.3.5 EMERGENCE OF NEXT GENERATION RADAR TECHNOLOGY 55
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7 WEATHER FORECASTING SERVICES MARKET, BY INDUSTRY 56
7.1 INTRODUCTION 57
7.1.1 RENEWABLE ENERGY 59
7.1.2 SHIPPING 59
7.1.3 AVIATION 60
7.1.4 MEDIA 60
7.1.5 OIL & GAS 60
7.1.6 AGRICULTURE 61
7.1.7 UTILITIES 61
7.1.8 INSURANCE 61
7.1.9 RETAIL 62
8 WEATHER FORECASTING SERVICES MARKET, BY PURPOSE 63
8.1 INTRODUCTION 64
8.2 INDUSTRIES USING WEATHER FORECASTING SERVICES (WFS) FOR SAFETY: 64
8.3 INDUSTRIES USING WEATHER FORECASTING SERVICES (WFS) TO ENHANCE THEIR OPERATIONAL EFFICIENCY: 64
8.4 INDUSTRIES USING WEATHER FORECASTING SERVICES (WFS) FOR OTHER PURPOSES: 65
9 WEATHER FORECASTING SERVICES MARKET, BY FORECASTING TYPE 66
9.1 INTRODUCTION 67
9.2 SHORT RANGE FORECASTING 68
9.3 MEDIUM RANGE FORECASTING 68
9.4 LONG RANGE FORECASTING 68
10 REGIONAL ANALYSIS 69
10.1 INTRODUCTION 70
10.2 NORTH AMERICA 71
10.2.1 BY INDUSTRY 73
10.2.2 BY PURPOSE 73
10.2.3 BY FORECASTING TYPE 74
10.2.4 BY COUNTRY 74
10.2.4.1 U.S. 75
10.2.4.2 Canada 76
10.3 EUROPE 78
10.3.1 BY INDUSTRY 80
10.3.2 BY PURPOSE 80
10.3.3 BY FORECASTING TYPE 81
10.3.4 BY COUNTRY 81
10.3.4.1 U.K. 82
10.3.4.2 Germany 83
10.3.4.3 France 85
10.4 ASIA-PACIFIC 86
10.4.1 BY INDUSTRY 88
10.4.2 BY PURPOSE 88
10.4.3 BY FORECASTING TYPE 89
10.4.4 BY COUNTRY 89
10.4.4.1 China 90
10.4.4.2 Australia 91
10.4.4.3 India 93
10.4.4.4 Japan 94
10.5 MIDDLE EAST & NORTH AFRICA 96
10.5.1 BY INDUSTRY 98
10.5.2 BY PURPOSE 98
10.5.3 BY FORECASTING TYPE 99
10.5.4 BY COUNTRY 99
10.5.4.1 UAE 100
10.5.4.2 Saudi Arabia 101
10.5.4.3 Turkey 103
10.5.4.4 Egypt 104
10.6 REST OF THE WORLD 106
10.6.1 BY INDUSTRY 108
10.6.2 BY PURPOSE 108
10.6.3 BY FORECASTING TYPE 109
10.6.4 BY COUNTRY 109
10.6.4.1 Brazil 110
10.6.4.2 South Africa 111
11 COMPETITIVE LANDSCAPE 113
11.1 OVERVIEW 113
11.2 RANK ANALYSIS 114
11.3 REVENUE MODELS IN THE WEATHER FORECASTING SERVICES MARKET 115
11.3.1 STORMGEO REVENUE MODEL 115
11.3.2 FUGRO REVENUE MODEL 117
11.4 COMPETITIVE SCENARIO 118
11.4.1 NEW PRODUCT LAUNCHES 119
11.4.2 MERGERS & ACQUISITIONS, PARTNERSHIPS, & AGREEMENTS 119
11.4.3 EXPANSIONS 120
11.4.4 SUPPLY CONTRACTS 121
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12 COMPANY PROFILES 122
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
12.1 INTRODUCTION 122
12.2 STORMGEO 123
12.3 BMT GROUP LTD. 126
12.4 FUGRO 129
12.5 ENAV S.P.A. 132
12.6 METEOSIM SL 135
12.7 METEO-LOGIC 137
12.8 SKYMET WEATHER SERVICES PVT. LTD. 138
12.9 SKYVIEW SYSTEMS LTD. 139
12.11 GLOBAL WEATHER CORPORATION 140
12.12 MET OFFICE 141
12.13 METEOGROUP 143
12.14 PRECISION WEATHER 145
12.15 THE WEATHER COMPANY 146
12.16 METEOBLUE 148
12.17 ACCUWEATHER, INC. 149
*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.
13 APPENDIX 151
13.1 INSIGHTS OF INDUSTRY EXPERTS 151
13.2 DISCUSSION GUIDE 152
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 155
13.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 157
13.5 AVAILABLE CUSTOMIZATIONS 158
13.6 RELATED REPORTS 158
13.7 AUTHOR DETAILS 159