Weather Forecasting Services Market Regional Analysis:
North America Market Insights
North America industry is expected to dominate majority revenue share of 46% by 2035. The growth in the region is credited to the surge in various end-user sectors like aviation and manufacturing in countries like the USA and Canada. Airport Council International – North America 2022 projected an increase to 117.2% from 33.3% in passenger traffic between 2021 and 2022.
Investments in weather technologies to strengthen weather forecasting are surging in the United States. According to the National Oceanic and Atmospheric Administration in 2024, the Department of Commerce and NOAA announced funding of USD 6.6 million for establishing a Data Assimilation Consortium for enhancing weather forecasts while using improved numerical weather prediction systems. Growth in the field of storm tracking apps market will influence the weather forecasting services market.
The agricultural sector in Canada is increasing which demands for accurate weather forecasts to reduce risk to crop. According to Job Bank Canada in 2024, the employment rate in the agriculture industry gain 2.4% in 2022 from 6.1% in 2021.
APAC Market Insights
Asia Pacific in weather forecasting services market is estimated to dominate over 25% revenue share by 2035 owing to the rapidly expanding transportation sector in this region. Asian Transportation 2030 Outlook predicted that passenger transport will surpass 22 trillion passenger kilometers in 2030 as compared to 16 trillion in 2018.
China has shown a rapid increase in the agricultural sector, which needs weather forecasting services to decrease weather-related risks. The Republic of China in 2023, stated that agriculture and related activities accounted for about 16% of the country’s GDP in 2022.
The aviation industry in Japan is increasing which demands ideal weather, owing to which the weather forecasting market is increasing. According to IATA Economics, the Japanese air transport landscape is propelled to grow by 47% in the next 2 decades.
