Middle East and Africa Weather Forecasting Services Market

The Middle East and Africa weather forecasting services market is expected to grow from US$ 90.73 million in 2021 to US$ 150.29 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028.

Rising demand for weather forecasting based on big data analytics is one of the critical reasons to propel the Middle East and Africa weather forecasting services market forward. Furthermore, the changing climate pattern has resulted in rainfall uncertainties. Weather forecasting is a consulting service that provides real-time forecasts and assists in daily planning and informed decision-making in a range of industrial contexts. Companies can plan weather-sensitive activities ahead of time using advanced weather notifications, resulting in significant cost savings, greater sustainability, efficiency, and safety. Construction, utilities, oil and gas, media, renewable energy, agriculture, shipping, and aviation are just a few businesses that employ weather forecasting services. Shortly, the renewable energy sector is projected to emerge as one of the primary end-users of the Middle East and Africa weather forecasting services. Growing power consumption and energy demand in several end-use industries has resulted in this dominance. As a result of stringent government regulations, many manufacturing companies are being urged to reduce their greenhouse gas emissions to generate sustainable energy. These strategies are intended to supplement non-renewable energy supplies with renewable energy sources. These factors are projected to increase demand in the Middle East and Africa weather forecasting services market shortly.

The weather forecasting services market in the Middle East & Africa (MEA) is majorly affected by the disruption in the supply chain of equipment and solutions used for weather forecasting. Owing to the various containment measure initiated by the governments—such as travel restrictions, factory shutdowns, and lockdowns—the supply and distribution of electronics equipment were hampered. The COVID-19 pandemic has significantly affected the economies worldwide; however, the MEA region is anticipated to be impacted more as there is already pressure on the economy of various oil-based countries due to falling oil prices. Additionally, factory lockdowns, business shutdowns, and travel bans are further aggravating the economic problems of the countries in the MEA. Hence, the estimated decline in MEA’s economic condition and the impact of COVID-19 on the growth of various industries in the region have negatively impacted the growth of the weather forecasting services market in 2021.  

 With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East and Africa weather forecasting services market. Weather forecasting services are highly efficient and helpful when dealing with the turbulence and wind shear issues. These services help monitor and measure wind at and near the airport environment. They are also used in the aerospace sector to improve long-range wind awareness. The aviation industry depends heavily on the weather for decision-making is taken without considering the weather. One of the major threats for air travel is safety issues, which has increased with an unbalanced rise in airport capacities and facilities, coupled with frequent extreme weather conditions being experienced in Middle East and Africa. There has been an increase in air accidents due to bad weather conditions, taking the lives of about many passengers in the region. Furthermore, the augmenting focus on operational efficiency and the surge in public-private partnership toward producing more accurate and reliable weather forecasts are creating lucrative market opportunities.

  Middle East and Africa Weather Forecasting Services Market Revenue and Forecast to 2028 (US$ Million)

• Middle East and Africa Weather Forecasting Services Market Segmentation

• Middle East and Africa Weather Forecasting Services Market – By Industry

  • Agriculture
  • Aviation
  • Marine
  • Transport and Logistics
  • Energy and Utilities
  • Oil and Gas
  • Media
  • Insurance
  • Retail
  • Construction and Mining
  • Others

• Middle East and Africa Weather Forecasting Services Market – By Purpose

  • Operational Efficiency
  • Safety
  • Others

• Middle East and Africa Weather Forecasting Services Market – By Forecasting Type

  • Nowcast
  • Short Range
  • Medium Range
  • Long Range

• Middle East and Africa Weather Forecasting Services Market – By Organization Size

  • Large Enterprises
  • Small and Medium-Sized Enterprises
• Middle East and Africa Weather Forecasting Services Market – By Country
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa

Middle East and Africa Weather Forecasting Services Market Strategic Insights

Middle East and Africa Weather Forecasting Services Market Report Highlights

Middle East and Africa Weather Forecasting Services Market Country and Regional Insights