Weather Forecasting Services Market to Reach $4.07 Billion by 2030, Driven by Rising Demand from Industries and Climate Change Impacts

The weather forecasting services market is expected to grow at a CAGR of 6.90% from 2025 to 2030, driven by rising demand from industries like aviation and agriculture, and climate change impacts. North America leads with a 27% market share in 2024. Advancements in AI/ML enhance forecast accuracy, and tech advancements in satellite technology and data analytics are expanding application scope.

The weather forecasting services market is poised for significant growth, with a projected compound annual growth rate (CAGR) of 6.90% from 2025 to 2030. This growth is primarily driven by the increasing demand from industries such as aviation and agriculture, as well as the escalating impacts of climate change [1].

North America currently holds a commanding 27% market share in 2024, indicating a strong presence and influence in the global weather forecasting services market. The region's dominance is attributed to the advanced technological infrastructure and robust data analytics capabilities that support precise weather predictions [1].

Advancements in artificial intelligence (AI) and machine learning (ML) have significantly enhanced the accuracy of weather forecasts. These technologies enable more sophisticated data analysis and modeling, leading to improved predictive capabilities. Additionally, technological advancements in satellite technology have expanded the scope of weather forecasting services, providing more comprehensive and timely data [1].

The rising frequency and intensity of extreme weather events, such as heatwaves, droughts, and floods, have underscored the critical importance of accurate weather forecasting. These events not only impact agricultural productivity but also pose significant risks to human health and infrastructure. As a result, there is a growing demand for reliable weather forecasting services to mitigate these risks [2].

The market for weather forecasting services is expected to benefit from the ongoing development of data analytics and satellite technologies. These advancements will continue to expand the application scope of weather forecasting, making it more accessible and useful across various sectors. Furthermore, the integration of AI and ML into weather forecasting systems will further enhance the accuracy and reliability of predictions, thereby driving market growth [1].

In conclusion, the weather forecasting services market is experiencing robust growth, driven by technological advancements and the increasing demand for accurate weather data. As climate change continues to impact various sectors, the need for reliable weather forecasting services will only grow, presenting significant opportunities for market expansion and innovation.

References:
[1] https://www.scmp.com/topics/environment?module=top_story&pgtype=homepage
[2] https://www.zawya.com/en/special-coverage/zawya-green/the-relationship-climate-change-and-food-security-htuawaf0