As cited by the research report titled ‘Global Weather Information Technologies Market Size study, by Component (Communication Devices, Monitoring Devices, Software and Others), by Forecast Range (Short-range Forecast and Medium-range Forecast, Long-range Forecast), by Application (Air Quality Monitoring and Weather Monitoring & Forecasting), by End-Use (Agriculture, Industrial, Transportation, Power & Energy, Government & Defense, Meteorology & Weather Service Providers and Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global weather information technologies market was worth USD 9.41 billion in 2019 and is projected to grow with a CAGR of 8.5% over 2020-2027 to accumulate USD 18.1 billion by the end of study duration.
 

Integration of Artificial Intelligence (AI) and Internet of Things (IoT) technologies into weather information systems, along with increased usage of smartphones and other smart wearables to get real time results are the factors driving the growth of global weather information technologies market.
 

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According to Statista, the proportion of Brazilian population using smartphone is said to increase from 65% in 2019 to 75% in 2025. Additionally, the number of smartphone users in Mexico is expected to increase from 76.99 million in 2019 to 95.22 million in 2025. Also, the global rate of smart phone penetration went up from 33.5% in 2016 to 44.9% in 2020.
 

For those unaware, weather information technologies contain communication and monitoring devices along with software that detects any change associated with climate or weather or any upcoming event. This technology is gaining importance due to the accuracy of prediction of disasters for taking any preliminary measures for the management and mitigation of the risks.
 

However, dynamic character of atmospheric variables, in consort with high chances for errors are the factors acting as restraints for global weather information technologies industry.
 

Based on components, worldwide weather information technologies industry is segmented into monitoring devices, communication devices, and software. On the basis of forecast range, the industry space is divided into long-range forecast, medium-range forecast, and short-range forecast.
 

Speaking of application range, the market is classified into weather monitoring & forecasting, and air quality monitoring. Moving on to end user spectrum, the marketplace is fragmented into agriculture, transportation, industrial, government & defense, power & energy, and meteorology & weather service providers among others.
 

Geographically, Asia Pacific, Europe, North America, and Latin America are major revenue generators for overall weather information technologies market. Of these, Asia Pacific is slated to be a major growth hub for the market over 2020-2027, owing to rising demand from the end use industries, in tandem with growing investments by the government in the commercial sector in addition to the privately launched satellites.
 

Major companies in global weather information technologies industry sphere include Optical Scientific Inc., Morcom International Inc., Met One Instruments Inc., Lockheed Martin Corporation, International Business Machines (IBM) Corporation, Gill Instruments Limited, General Acoustics e.K., Columbia Weather Systems Inc., Campbell Scientific Inc., and All Weather Inc.