Weather Forecasting Services Market Size, Share, Growth Analysis, By Industry(Transport & Logistics, Marine, Aviation, Media), By Forecast Type(Nowcast, Short-Range, Medium-Range, Extended-Range), By Organization Size(Large Enterprises, Small & Medium-Sized Enterprises), By Purpose(Safety, Operational Efficiency, Others), By Region - Industry Forecast 2024-2031

Global Weather Forecasting Services Market size was valued at USD 1.5 billion in 2022 and is poised to grow from USD 1.62 billion in 2023 to USD 3.07 billion by 2031, growing at a CAGR of 8.30% during the forecast period (2024-2031).

The demand for weather forecasting solutions and services is being fueled by factors like the growing demand for weather solutions across sectors and the increased demand for weather prediction solutions due to uncertain climatic conditions and energy transitions. Accurate weather forecasts help businesses and industries optimise operations and reduce hazards.

Providers of weather forecasting services offer these services for a variety of sectors, including agriculture, aviation, the media, energy and utilities, and renewable energy. To assist their clients in navigating through harsh weather conditions, many companies offer industry-specific weather solutions. For instance, the Ag Weather Station from the U.S.-based DTN provides farmers with precipitation forecasts, wind alerts, and useful insights that aid in operations management, yield improvement, and profit maximisation. A 10-day or longer duration weather forecast has a 50% accuracy rate according to NOAA SciJinks. The industry is constrained by considerably lower long-term weather forecast accuracy. The forecasting accuracy for longer forecast periods is lower, which hinders long-term planning for weather-sensitive enterprises and lessens the economic impact that weather forecasting services can have.

US Weather Forecasting Services Market is poised to grow at a sustainable CAGR for the next forecast year.