Report : Europe Weather Monitoring System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware and Software) and Application (Metrology, Energy & Power, Transportation, Aviation, and Others)Â
Hardware Segment to Dominate Europe Weather Monitoring System Market during 2021–2028
According to a new market research study on “Europe Weather Monitoring System Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component and Application” is expected to reach US$ 626.45 million by 2028 from US$ 408.90 million in 2021. The market is estimated to grow at a CAGR of 6.3% from 2021 to 2028. The report provides trends prevailing in the Europe weather monitoring system market along with the drivers and restraints pertaining to the market growth. Rising usage for weather forecasting to enable disaster management is the major factor driving the growth of the Europe weather monitoring system market. However, issues associated with the complexity of weather forecasting systems hinder the growth of Europe weather monitoring system market.
The Europe weather monitoring system market is segmented based on component, application, and country. Based on component, the Europe weather monitoring system market is segmented into hardware and software. The hardware segment dominated the market in 2020 and software segment is expected to be the fastest growing during the forecast period. Based on application, the Europe weather monitoring system market is segmented into metrology, energy & power, transportation, aviation, and others. The metrology segment dominated the market in 2020 and others segment is expected to be the fastest growing during the forecast period. Based on country, Europe weather monitoring system market is classified into Germany, France, Italy, UK, Russia, and Rest of Europe.
Aeron Systems Private Limited; Baron Services, Inc; Boltek Lightning Detection Systems; Telegrafia a.s.; Trinity Touch; and Vaisala are among the leading companies in the Europe weather monitoring system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Baron has been contracted by Zimbabwe’s Meteorological Services Department to provide five new weather radars to help improve public safety.
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