Weather Information Technologies Market: Drivers & Restraints
Due to increasing safety and security concerns, rising sea and air transport and improving economic conditions in developing regions such as Latin America, Asia Pacific and Middle East & Africa is expected to drive the growth of global weather information technologies market. Furthermore, increasing military demands for consistent weather updates and air traffic control are expected to drive the market for weather information technologies in the near future. Apart from increasing demand from the application segment, many companies are entering into partnerships, joint ventures and developing strategic alliances for the development of weather information technologies, globally. The major restraints for global weather information technologies market are uncertainty in weather forecasting and complexity involved in the procedure of forecasting. Also, the high operational cost of weather systems coupled with fluctuations in equipment prices are expected to be restraining factors for weather information technologies market. Upsurge in the efficiency of long range forecasting and rise in the supercomputing competences proposes new opportunities that can be further explored in the global weather information technologies market.
Based on technology, the global weather information technologies market is segmented into,
- Weather Satellite Technology
- Geostationary Orbit
- Polar Orbit
- Radar Technology
- Doppler Radar
- Weather Radar
- Sounding Systems and Radiosondes
- Weather Station
Based on forecast type, the global weather information technologies market is segmented into,
- Normal Range
- Short Range
- Medium Range
- Long Range
- Rain Gauge
- Data Loggers
Currently North America is expected to be the largest market for global weather information technology market, followed by Europe. The weather information technologies market is anticipated to observer the maximum growth in the Asia-Pacific region, especially in countries such as India, China and Japan as these countries offer huge investment opportunities for major market players operating in the weather information technology marketplace. Weather information technology market is predicted to expand at a stable rate in other regions of the world as a result of a decelerating worldwide economy in these regions.
Weather Information Technologies Market: Key Players
Some of the market participants in the global weather information technologies market are All Weather, Inc., Campbell Scientific, Inc., Vaisala, Sutron, MORCOM International, Gill instruments Limited, Columbia Weather Systems, Inc. among many others.