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The global meteorological devices market size was valued at USD 1.39 billion in 2021 and is projected to grow from USD 1.45 billion in 2022 to USD 1.90 billion by 2029, exhibiting a CAGR of 3.88% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with meteorological devices witnessing higher-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a rise of 1.33% in 2020 as compared to 2019.
Meteorological devices are used for measurement and analysis applications to understand the pattern of weather conditions, associated risks and warnings, and early warning and broadcasting for various industrial, commercial, governmental, and defense applications. These devices are used for other industrial applications, such as cleanroom environments and controlled environment manufacturing.
An increase in the use of advanced technologies, such as artificial intelligence, the Internet of Things (IoT), Big Data analytics, and others, will enhance meteorological information and the accuracy of meteorological devices. For instance, in 2020, Microsoft Research and the University of Washington entered into a collaboration and showed how artificial intelligence (AI) could analyze previous years' weather patterns to forecast future events. The newly developed global weather model based its predictions on the last 40 years of weather data rather than detailed physics calculations.
Furthermore, in April 2020, Taiwan’s National Health Research Institute (NHRI) developed an AI infrared thermometer. It detects a person’s face before reading the temperatures, which reduces errors due to interference by radiation emitted from objects. Thus, the growing adoption of these advanced technologies to develop highly efficient, accurate, and cost-effective solutions for real-time meteorological data will boost market growth in the coming years.
Economic Impact of COVID-19 Pandemic on Meteorological Devices Industry to Hamper Market Growth
The COVID-19 pandemic witnessed in December 2019 has affected over 1 million people across the globe. Strict lockdowns and international travel bans have been announced worldwide. The global COVID-19 pandemic has impacted the meteorological devices market growth in 2020 and 2021.
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Public Weather Service (PWS) Dissemination with Rising Footprint of Automated Nowcasting Systems to Drive Market Growth
The introduction of advanced technologies, such as wireless communication, next-generation work stations, digital database forecasting, forecast systems, and communication networks, drives the market growth of meteorological devices. Advance workstations, digital database forecasting, and the latest information technology systems and applications offer lucrative opportunities to further improve and integrate Public Weather Services (PWS) dissemination and service delivery functions.
The next-generation weather stations require high bandwidth, processing power, and storage capacity to handle the rapid increase of data, with enhanced temporal and spatial resolution NWP model output. Furthermore, the development of automated nowcasting systems will enhance the overall functioning of weather stations. The nowcast system can rapidly generate hydro meteorological forecast products and disseminate them in various formats. Thus, it has significant implications for effective PWS service and timely delivery.
Increase in Demand for Temperature Sensing Devices to Drive the Meteorological Devices Market Growth
Meteorology is the study of weather forecasting. Earth’s atmosphere is described and quantified by air pressure, temperature, mass flow, water vapor, and interactions & variations. Meteorological devices such as hygrometers, barometers, anemometers, and others collect real-time weather information. This information is utilized for various end-use industries, including weather forecasting stations, research institutes, aerospace & defense sectors, chemical industry.
Growing demand for temperature measurement devices, such as pyrometers, resistance thermometers, and thermocouples, for industrial applications drives the market growth. In March 2022, researchers from Sweden developed a novel type of thermometer that can quickly measure temperature with high accuracy in quantum calculations. Furthermore, in April 2020, Aranet, an IoT sensor manufacturer, launched a new human body temperature sensor for healthcare professionals during COVID-19. It enables medical professionals to monitor COVID-19 patients without direct contact with them.
For instance, in September 2021, AMETEK land launched a new temperature measurement for its aluminum processing applications, SPOT AL. It will add liquid aluminum temperature and low-temperature measurements to the SPOT AL series that improve the capabilities of the machines for operators in the aluminum sector. Thus, the rising demand for advanced solutions drives the market growth.
Implementation of Autonomous Technology and Real-time Data Tracking Software in the Aerospace Sector Boosts Market Growth
The demand for accurate real-time data through next-generation sensors and safety measures has propelled the growth of meteorological devices and software providers. The rising accidents and safety norms described by the Federal Aviation Administration (FAA) are the major reasons for implementing real-time data management software. The real-time data tracking assists helicopter and aircraft pilots to take required decisions during flight. Moreover, the helicopter’s hardware system and software information is provided by the flight management software installed in the helicopter.
The rise in dependency on avionics, sensors, and related software has minimized the accidents rate and improved the overall maneuverability of the helicopter. Increased utility of Artificial Intelligence (AI) and the IoT in aircraft and helicopters has simplified the overall operational activities of the pilot. Airbus SAS and Honeywell Corporation Inc. are actively involved in designing and developing lightweight and highly autonomous helicopters. Thus, the increasing adoption of IoT-based devices and advanced meteorological software solutions in the aerospace sector drives the market growth. For instance, in June 2020, Bangalore-based CSIR-National Aerospace Laboratories (NAL) developed an aviation weather monitoring system installed on Bengaluru’s Kempegowda International Airport for enhanced airport operations.
Issues Related to Development and Accuracy of the Devices Hamper the Market Growth
The devices monitor various environmental factors such as pressure, wind speed, humidity, temperature, and others. They are used by various research institutes, the pharmaceutical sector, environmental studies, and others, requiring real-time data with higher accuracy. Issues in these devices' design, development, and accuracy hamper the market growth. To illustrate, the anemometer estimates wind velocity, wind speed, wind direction, and wind pressure. The major disadvantage is the distortion of the device due to strong winds.
Furthermore, high sensitivity due to quick changes in humidity limits the use of hygrometers in extreme environments. Infrared thermometers are affected by dust, frost, moisture, smoke, and rapid temperature changes that result in inaccurate results that hamper the market growth. In addition, continual changes in climate and global warming are the major challenges that require regular monitoring of environmental changes. Meteorological study plays a vital role in it and thus requires higher accuracy. Inconsistency and lack of accuracy in weather forecasting hinder the market growth.
Software Segment Dominated the Market in 2021 Due to Rising Demand for Aviation MRO Software for Various Applications
Based on type, the market is divided into anemometer, hygrometer, thermometer, barometer, pyrometer, snow gauge, and others. The hygrometer segment was estimated to be the largest segment in 2021 and is projected to grow at a significant CAGR during the forecast period. High demand for hygrometers and increase in technological advancements in relative humidity measurement are anticipated to propel the market growth during the forecast period. Industrial applications of relative humidity measurement in pharmaceutical and biotechnology are projected to drive the segmental market growth during the forecast period.
The barometer segment was estimated to be the second-largest segment in 2021 and is projected to grow at a moderate CAGR during the forecast period. The advent of compact Internet of Things (IoT) devices and the high adoption rate for industrial portable measurement equipment are anticipated to drive the market growth during the forecast period.
The pyrometer segment is estimated to be the fastest-growing segment with the highest CAGR during 2022-2029. The high adoption rate of portable or handheld infrared pyrometers in industrial applications is anticipated to drive market growth during the forecast period.
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Weather Forecasting Segment to Remain Dominant in the Market Due to High Demand for Advanced Meteorological Technologies
In terms of application, the market is classified into research institutes, weather forecasting, chemical industry, biotechnical Industry, environmental study, pharmaceutical industry, and others. The weather forecasting segment was estimated to be the largest segment in 2021 and is projected to grow at a significant CAGR during the forecast period. Furthermore, the high adoption rate of automated nowcasting systems is anticipated to drive market growth during the forecast period. This factor is anticipated to drive the segmental market growth during the forecast period.
The environmental study segment was estimated to be the second-largest segment in 2021 and is projected to grow at a moderate CAGR during the forecast period. Amid the rise in the climate change challenges, the global meteorological agencies are focusing on investing in the environmental study for the next decade. These environmental studies are being utilized for policymaking for any country or region, climate-resilient housing, and industrial & commercial climate-friendly manufacturing and utility. These factors are anticipated to drive the market growth during 2022-2029.
The pharmaceutical industry segment is estimated to grow at the highest CAGR during 2022-2029. The high demand and high adoption rate of various pharmaceutical product lifecycle phases are anticipated to propel the market growth during the forecast period.
High Demand for Commercial Applications to Propel the Commercial Segment Market Growth During the Forecast Period
With respect to end-use, the market is segmented into commercial and government & defense. The government & defense segment was the largest segment in 2021 and could grow notably during the forecast period. Governments have invested in next-generation weather forecasting and environmental study through their federal budget allocation for their respective governmental meteorological services or agencies. High demand for the devices, various commercial commodity manufacturing and R&D are projected to drive the market growth during the forecast period.
The commercial segment is anticipated to be the fastest-growing segment with the highest CAGR during the forecast period. The high adoption rate of various commercial applications, such as pharmaceutical, chemical, electronics, aerospace and defense, automotive, biotechnical, and others, will drive the industry growth. Rising investment in meteorological research and forecasting for various environmental risk predictions is anticipated to drive the market growth during the assessment period.
North America Meteorological Devices Market Size, 2021 (USD Billion)
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The market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the market in 2021. The North America meteorological Devices Market share stood at USD 0.44 billion in 2021 and is projected to grow at a significant CAGR during the forecast period. High federal budget allocation for National Oceanic and Atmospheric Administration (NOAA) for weather forecasting through satellite remote-sensing and the high adoption rate of automated nowcasting systems are driving the market growth during the 2022-2029 period.
Europe's market size was the second-largest region in 2021 and is estimated to grow at a moderate CAGR during the forecast period. The European Union member states have increased their investment in next-generation weather forecasting and environmental studies. This development is expected to positively impact the market growth over the next few years.
The market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. Increased investment in meteorology and burgeoning demand for weather forecasting in the region are expected to propel the market -during the forecast period. For instance, in October 2021, the ZOGLAB fully automatic wind tunnel equipment was chosen to build the China Meteorological Administration's provincial metrology laboratory. This is due to the growing agriculture sector's use of the metrological device for climate change.
The rest of the world shows market growth with a moderate CAGR during the forecast period. The demand has gained traction due to implementation of bold decisions on climate change. South African Weather Service (SAWS) aspires to be a Weather and Climate Center of Excellence, offering innovative solutions to ensure a weather-smart region, long-term development, and economic success. For instance, in November 2021, the Inter-American Development Bank (IDB) stated that it would join the World Meteorological Organization's Alliance for Hydromet Development (WMO). The Alliance for Hydromet Development collaborates with major international development, humanitarian, and climate finance organizations committed to bridging the hydromet capacity gap by 2030.
Technological Advancements to Propel Market Growth During the Forecast Period
The design of technologically advanced meteorological systems using cloud deployment and developing new meteorological device enhancements is a compelling trend in the market. Key market players in the industry, such as Raytheon Technologies Corporation, the Weather Company, Kongsberg Gruppen, and Vaisala, adopt strategies such as mergers & acquisition, agreements, and partnerships for growth.
Moreover, investment in the research & development of new meteorological technologies is adopted by several key players to sustain their position in the market. A diversified product portfolio and innovative concepts accepted by key players are the major factors boosting the market.
An Infographic Representation of Meteorological Devices Market
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The research report provides an in-depth technical analysis of the market. It focuses on key aspects such as leading market players, the COVID-19 effect on the market, in-depth meteorological applications, and the research ideology of the weather forecasting devices. Besides, the report offers insights into the market trends and highlights key industry developments & trends. In addition to the factors mentioned earlier, it provides multiple factors that will contribute to the market growth during the forecast period.
Value (USD Billion)
Fortune Business Insights says that the global market size was USD 1.39 billion in 2021 and is projected to reach USD 1.90 billion by 2029.
In 2021, the North America market value stood at USD 0.44 billion.
Registering a CAGR of 3.88%, the market will exhibit steady growth over the forecast period.
Commercial segment is expected to lead this market during the forecast period.
Demand for temperature sensing devices, autonomous technology, and real-time data tracking software in the aerospace sector is driving the market growth.
Raytheon Technologies Corporation, the Weather Company, Kongsberg Gruppen, and Vaisala Oyj are the major players in the global market.
North America dominated the market in terms of share in 2021.
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