Report : South America 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 SAM Weather Monitoring System Market during 2021–2028
According to a new market research study on “SAM Weather Monitoring System Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component and Application” is expected to reach US$ 114.97 million by 2028 from US$ 83.13 million in 2021. The market is estimated to grow at a CAGR of 4.7% from 2021 to 2028. The report provides trends prevailing in the SAM weather monitoring system market along with the drivers and restraints pertaining to the market growth. Increasing demand in aviation industry is the major factor driving the growth of the SAM weather monitoring system market. However, issues associated with the complexity of weather forecasting systems hinder the growth of SAM weather monitoring system market.
The SAM weather monitoring system market is segmented based on component, application, and country. Based on component, the SAM 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 SAM 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, SAM weather monitoring system market is classified into Brazil, Argentina, and Rest of SAM.
Baron Services, Inc; Boltek Lightning Detection Systems; Telegrafia a.s.; and Vaisala are among the leading companies in the SAM 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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