According to the latest research report titled "Weather Monitoring System Market Forecast to 2028 - COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to grow from US$ 1,746.47 million in 2021 to reach US$ 2,932.92 million by 2028. It is estimated to grow at a CAGR of 7.7% from 2021 to 2028.

The weather monitoring system market is being driven by the increasing focus on climate change and environmental monitoring. These systems are designed to monitor the constantly changing weather conditions and collect data that can be used to forecast weather and maintain a log of environmental changes in a particular location. Such data is crucial for studying the earth and analyzing the changing climatic and environmental conditions of a place. Extreme weather events and geophysical phenomena, such as earthquakes and tsunamis, pose significant risks worldwide. The demand for continuous monitoring of hazardous parameters to prevent losses caused by weather-related incidents is driving the growth of the weather monitoring system market.

The weather monitoring system market is being driven by several factors, including the crucial role played by National Meteorological and Hydrological Services in disaster reduction worldwide. These services provide public weather services, such as weather forecasts and early warnings about hazardous weather and collaborate with disaster relief organizations to minimize the loss of life and property. Governments also partner with market players and invest in weather monitoring systems by initiating weather forecast programs to reduce the loss caused by weather hazards.

The Asia Pacific market for weather monitoring systems is divided into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The aviation sector in the region is currently experiencing significant growth, with countries like India, China, Japan, and South Korea increasing their defense budget each year. A considerable portion of this budget is allocated for the development of military airports, which is driving the demand for weather monitoring systems. Moreover, the rise in disposable income and growth in the travel and tourism industry is leading to an increase in commercial aviation, resulting in the construction of new airports. The Chinese government has plans to construct 215 additional airports by 2035, while the Indian government plans to build 100 new airports across the country by 2024. As a result, the ongoing development of commercial airports and modernization of existing ones are creating opportunities for market players.

COVID-19 Impact on Europe Weather Monitoring System Market Growth

The European economy witnessed a negative economic growth rate in 2020. Most of the national During the outbreak, borders across Europe were closed, leading to a significant decrease in operational flights. As a result of the lockdown phase in several European countries, airport operations came to a halt, which had a negative impact on the weather monitoring system market in the first half of 2020. However, from mid-2021, the growth of the weather monitoring system market has been influenced by an increase in trade and travel activities, with the adoption of new technologies to ensure the safety of the population from weather disasters.

Key Findings of Study

The weather monitoring system market in South America (SAM) is divided into Brazil, Argentina, and the Rest of South America. The region has a mixed growth scenario, with some countries having complex macroeconomic and political environments. According to the CAF conference that took place in July 2018, the infrastructure for South American integration and investment opportunities in the maritime and port sector is estimated to be worth US$ 55 billion by 2040 to bridge the gap between demand and container handling capacity in ports. In addition, proposals are being made to manage 3.9 million passengers in Uruguay's airport traffic by 2040, and the government of Uruguay is investing heavily in airport construction. These activities are likely to boost the demand for weather monitoring systems in South America.

In addition, the region's geographical features provide ample potential for wind and solar energy. Presently, Brazil and Chile are at the forefront of the wind energy sector, and they aim to produce 48% of their energy demand from wind and solar sources by 2027. According to IRENA, several South American countries, including Argentina and Colombia, possess significant potential for wind and solar energy. Due to the high levels of wind and sunshine, more energy is generated than necessary, creating favorable opportunities for market players.

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