The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Weather Forecasting Systems & Solutions Market.
It was estimated prior to this unanticipated outbreak that the Weather Forecasting Systems & Solutions Market will grow 8.2% CAGR. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
For a more detailed breakdown of the COVID-19 impact on the Weather Forecasting Systems & Solutions Market, request a free sample of the report here: https://www.stratviewresearch.com/Request-Sample/623/weather-forecasting-systems-&-solutions-market.html
Weather Forecasting Systems & Solutions Market Segment Analysis:
Based on the system type, the market is segmented as satellite-based, ground-based, and air-based. The ground-based systems segment is expected to remain dominant in the coming five years.
Based on the component type, the market is segmented as software and hardware. The software component segment is estimated to register a higher growth during the forecast period, owing to the rising adoption of data collection & processing software across the world for highly precise weather predictions.
Based on the end-user type, the market is segmented as commercial, military, meteorology, and weather service providers. The commercial segment is expected to depict substantial growth during the forecast period, owing to the rising demand for advanced weather forecasting systems from different industries, across the globe.
In terms of regions, the Asia-Pacific’s weather forecasting systems & solutions market is estimated to register the highest growth during the forecast period, driven by rapid industrialization, expansion of airports, and rising applicability of weather forecasting systems in the agriculture sector of the region. Further, development in air and sea transport, reliability on rainfall for water supply, improvement in the economy of the Asia-Pacific region, and rising demand for incessant weather monitoring for disaster management are also boosting the growth of the Asia-Pacific’s weather forecasting systems & solutions market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Some of the major players in the weather forecasting systems & solutions market are Airmar Technology Corporation, Campbell Scientific. Inc., Columbia Weather Systems, Columbia Weather Systems, Gill Instruments Pvt. Ltd., G. Lufft Mess-Und Regeltechnik, Hoskin Scientific, Liquid Robotics, Met One Instruments, Inc., Morcom International, Inc., and Skye Instruments Ltd.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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