Dallas, TX -- (SBWIRE) -- 10/29/2014 -- The weather forecasting systems market is estimated at $1.43 billion in 2014 and is expected to register a CAGR of 4.10% to reach $1.82 billion by 2020.

Weather forecasting involves prediction of atmospheric conditions at a specific time for the given location and time. Such forecasting systems require a combination of computer models, observations, and knowledge of historic weather trends and patterns. With the help of these methods, reasonable, and accurate forecasts of weather conditions can be predicted. Weather forecasting systems is used in air traffic control as these forecasts are important for safe landing and take-off. Automated weather stations are used at airports for collecting atmospheric data. Weather buoys are used for collecting weather and ocean data. They are used for providing aid during emergency response to chemical spills legal proceedings, and engineering design.

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Growing concern for safety and security, increasing military demand for regular weather updates, increasing demand for air traffic control, and technological advancements in the field of meteorology are expected to drive this market in future. However, the fluctuation in the prices of equipment and high operational cost of weather systems are expected to become the restraining factors for meteorological forecasting systems market.

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Lockheed Martin (U.S.), Vaisala (U.S.), Sutron Corporation (U.S.), SkyeInstruments (U.K.), Liquid Robotics Inc.(U.S.), Irdam Meteorological Instruments (Switzerland), Gill Instruments(U.K.) , Campbell Scientific (U.S.), All Weather Inc.(U.S.), Airmar Technology Corporation (U.S.), and Columbia Weather Systems (U.S.) are some of the leading players in this market.

U.K. weather forecasting companies manufacture weather radars for inter as well as intra region. The MET Office headquartered in U.K. manufactures hydrological weather radars. These weather radars relay a lot of information about precipitation distribution with the combination of precipitation gauges and it has recently developed its space weather forecasting system that will explain conditions on the sun. This Space Weather System is directly proportional to technological advancements; better technology advancement, will ensure more accurate information. This information on space weather conditions will help to reduce or avoid the impact of space weather on lives of people out there.

Rise in supercomputing capabilities five years down the line, will fuel up the forecasting capabilities. In the future, it will be possible to make accurate weather predictions in much advance. This will present a great opportunity for software and system integrators to design and create more precise and accurate weather forecasting models in the near future.

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Ongoing improvements in weather satellites and weather stations are expected to drive the growth of the meteorological and weather forecasting system market in North America. Currently, there are commercial weather stations and 18 weather satellites that have been deployed in the U.S. terrain to monitor the environment. This market is expected to grow in near future, with the technological advancements in other parts of the country.

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