The weather monitoring systems market is anticipated to achieve $4.49 billion by 2030, expanding at a CAGR of 6.1% from 2023 to 2030. The primary drivers include the growing demand for accurate weather forecasting in agriculture and the need for constant weather monitoring for effective disaster management. The market also stands to benefit from technological advancements, though high costs could hinder growth.
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COVID-19 Effects
COVID-19 had a profound effect on various industries, including weather monitoring. The pandemic caused significant drops in meteorological data collection from aircraft, affecting transportation weather monitoring. Despite these challenges, the shipping industry remained resilient, maintaining essential supply chains. As the pandemic’s impact lessens, the weather monitoring market is set for gradual recovery and long-term growth.
Market Segmentation Breakdown
- Component: The market is split into solutions and services. Solutions held a larger share in 2022 and are expected to see the highest growth due to increased demand for weather sensors.
- Range Type: Short-range and long-range segments are included. Short-range systems dominated in 2022 and are projected to grow rapidly due to their accuracy in severe weather conditions.
- Monitoring Type: Includes temperature, humidity, air quality, pressure, and others. Temperature monitoring led in 2022, while air quality monitoring is predicted to experience the fastest growth due to heightened concern over air pollution.
- End-use Industry: This encompasses agriculture, transportation, media & telecommunication, government, renewable energy, and more. The transportation sector was the largest in 2022 and is expected to grow the most due to increasing needs for weather data to improve safety and efficiency.