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blog details: ‘Weather Monitoring Systems Market by Component (Solutions, Services), Monitoring Type (Temperature Monitoring, Humidity Monitoring, Air Quality), End-use Industry (Agriculture, Transportation), and Geography - Global Forecast to 2030,’ the weather monitoring systems market is expected to reach $4.49 billion by 2030, at a CAGR of 6.1% from 2023 to 2030.
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The growth of this market is driven by the rising demand for weather forecasting services in the agriculture industry and the increased need for continuous weather monitoring to enable disaster management. In addition, the emergence of advanced technologies is expected to offer significant opportunities for the growth of this market. However, the high cost associated with weather monitoring solutions is expected to restrain the growth of this market.
The weather monitoring systems market is segmented based on component (solutions and services), range type (short-range and long-range), monitoring type (temperature monitoring, humidity monitoring, air quality, pressure monitoring, and other monitoring types), end-use industry (agriculture, transportation, media & telecommunication, government, renewable energy, and other end-use industry), and geography. The study also evaluates industry competitors and analyses the market at the country level.
Based on component, the weather monitoring systems market is segmented into solutions and services. In 2023, the solutions segment is estimated to account for the largest share of the weather monitoring systems market. Also, the segment is slated to register the highest CAGR during the forecast period. The growth of the segment is attributed to the increasing demand for sensors for monitoring weather conditions.
Based on range type, the weather monitoring systems market is segmented into short-range and long-range. In 2023, the short-range segment is estimated to account for the largest share of the weather monitoring systems market. The short-range segment is slated to register the highest CAGR during the forecast period. The segment's growth is attributed to the increasing demand for weather monitoring solutions to provide highly accurate information such as air quality, temperature, humidity, and wind speed in case of adverse weather conditions to reduce the damage.
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Based on monitoring type, the weather monitoring systems market is segmented into temperature monitoring, humidity monitoring, air quality, pressure monitoring, and other monitoring types. In 2023, the temperature monitoring segment is estimated to account for the largest share of the weather monitoring systems market. However, the air quality segment is slated to register the highest CAGR during the forecast period. The growth of the segment is attributed to the increasing need to monitor air quality to collect data on air pollution in the outdoor environment.
Based on end-use industry, the market is segmented into agriculture, transportation, media & telecommunication, government, renewable energy, and other end-use industry. In 2023, the transportation segment is estimated to account for the largest share of the overall weather monitoring systems market. Also, the segment is slated to register the highest CAGR during the forecast period. The segment's growth is attributed to the increasing demand for weather monitoring systems to gather weather data to enhance flight safety and increase trade traffic.
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Based on geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is estimated to account for the largest share of the weather monitoring systems market. Also, the region is slated to register the highest CAGR during the forecast period. The growth of the segment is attributed to the increasing demand for advanced weather monitoring sensors and data services for the aviation industry in the region. Also, the region is experiencing a significant shift toward renewable energy, thus increasing the adoption of weather monitoring systems.
The weather monitoring systems market is dominated by a few major players, namely, Vaisala (Finland), Baron Services, Inc. (U.S.), Aeron Systems Private Limited (India), Earth Networks (U.S.), Boltek Lightning Detection Systems (Canada), Trafitek Solutions Private Ltd. (India), Campbell Scientific, Inc. (U.S.), Columbia Weather Systems, Inc. (U.S.), AnythingWeather Communications, Inc. (U.S.), Hoskin Scientific (Canada), Airmar Technology Corporation (U.S.), Intermountain Environmental Inc. (U.S.), Free Spirits Green Labs Private Limited (India), MORCOM International (U.S.), and Davis Instruments (U.S.).
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