ICT & Electronics Global Weather Forecasting System Market | Page 2

“Global Weather Forecasting System Market Analysis &
Opportunity Outlook 2021”
The global weather forecasting system market is segmented into end user
such as agriculture, aviation, marine, energy, military and transportation.
Growing safety and security concerns amongst the consumers is a key
factor which is anticipated to fuel the growth of global weather forecasting
system market. The rise of the weather forecasting system market is backed
by growing adoption of advanced weather forecasting technologies in order
to prevent hazardous impact of climate changes and extreme weather on
human’s regular life.
Global Weather Forecasting System Market is expected to register a
CAGR of 7.0% over the forecast period. Moreover, the global weather
forecasting system market was valued at USD 1.5 Billion in 2016 and is
expected to reach at notable revenue of 2.2 Billion by the end of 2021. The
market is expected to expand due to a number of factors such as rising air
and sea transport and uncertainty of rain fall across the globe.
The weather satellite systems segment by system type is likely to grow at
remarkable pace during the forecast period. Rising demand for weather
forecasting in military sector and marine sector to ensure safety of the
consumers is a major factor which is projected to bolster the growth of this
segment during the forecast period.
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