The weather monitoring systems market is projected to achieve a value of $4.49 billion by 2030, with a growth rate of 6.1% CAGR from 2023 to 2030. This expansion is driven by growing needs for accurate weather forecasting in agriculture and continuous monitoring for disaster management. Technological advancements are poised to create additional growth opportunities, though high solution costs could be a limiting factor.
Impact of the COVID-19 Pandemic
The COVID-19 pandemic disrupted many industries globally, including weather monitoring. The transportation sector experienced significant operational challenges, including supply chain disruptions and restricted international trade. Meteorological measurements from aircraft fell by 75% to 80%, reducing the accuracy of weather data. Despite these challenges, the demand for weather monitoring systems is expected to recover as the pandemic’s effects diminish.
Market Segmentation by Component
The market is segmented into solutions and services. Solutions represented a larger share in 2022 and are anticipated to grow at the highest rate during the forecast period. This growth is due to the increasing deployment of sensors for weather monitoring.