Meticulous Research®, a leading global market research firm, has published a new report titled, "Weather Monitoring Systems Market by Component (Solutions, Services), Monitoring Type (Temperature Monitoring, Humidity Monitoring, Air Quality), End-use Industry (Agriculture, Aerospace), and Geography—Global Forecast to 2030."
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According to this latest publication from Meticulous Research®, the global weather monitoring systems market is projected to reach $4.49 billion by 2030, growing at a CAGR of 6.1% from 2023 to 2030. The market's growth is driven by the increasing volatility in weather patterns and climate changes, alongside the rising demand for weather forecasting services in the agriculture sector. Additionally, the growing adoption of sensors for weather monitoring presents significant growth opportunities. However, the market may face challenges due to functional issues in sensors.
Market Segmentation and Analysis: The weather monitoring systems market is comprehensively segmented by component, range type, monitoring type, end-use industry, and geography, with a detailed evaluation of industry competitors and a granular analysis at the country level.
Component Segmentation: Solutions and Services: In 2022, the solutions segment dominated the market, driven by the increasing need for accurate weather monitoring data under various conditions.
Range Type Segmentation: Short-range and Long-range: The short-range segment held the largest market share in 2022, attributed to the high demand for precise weather information, including air quality, temperature, humidity, and wind speed, especially during adverse weather events.
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Monitoring Type Segmentation: Temperature, Humidity, Air Quality, Pressure, and Others: The temperature monitoring segment led the market in 2022, due to the widespread adoption of sensors for temperature readings and weather condition monitoring.
End-use Industry Segmentation: Agriculture, Transportation, Media & Telecommunications, Government, Renewable Energy, and Others: The transportation sector accounted for the largest market share in 2022, driven by the increasing necessity for weather analysis and forecasting services within the industry.
Geographic Insights: Regional Analysis: The report segments the market into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific emerged as the leading region in 2022, spurred by frequent climate changes and the resultant high risk of natural disasters, underscoring the crucial need for advanced weather monitoring systems.
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Key Market Players
Prominent companies operating in the global weather monitoring systems market include: 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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