Global Internet-of-Things (IoT) in Weather Monitoring Market 2023-2030

Global Internet-of-Things (IoT) in Weather Monitoring Market 2023-2030

Global IoT in Weather Monitoring Market Size, Share & Trends Analysis Report by Component (Hardware and Software), by Application (Agriculture, Transportation, Energy and Utilities, Disaster Management, and Others), and by End-User (Government Agencies, Enterprises, and Consumers) Forecast Period (2023-2030)

The global IoT in the weather monitoring market is anticipated to grow at a CAGR of 9.8% during the forecast period (2023-2030). The usage of IoT in weather monitoring improves precision in weather monitoring, allowing for localized forecasts and improved response to extreme weather conditions. The global IoT weather monitoring market is growing significantly owing to factors such as rising demand for high precision and real-time weather data in industries like agriculture, transportation, energy, and disaster management. Additionally, growing uncertainties in climate change are also driving demand for IoT solutions for weather monitoring purposes. Technological advancements in sensor technology, increasing affordability of IoT devices, and the development of IoT platforms are also improving accessibility for organizations and governments to implement these systems, resulting in significant market growth and innovation across various sectors.

Segmental Outlook

The global IoT in the agriculture market is segmented by component, application, and end-user. Based on components, the market is sub-segmented into hardware and software. Based on application, the market is sub-segmented into agriculture, transportation, energy and utilities, disaster management, and other applications such as aviation or manufacturing. Among the applications, the disaster management sub-segment is expected to hold a considerable share of the market, owing to the rising demand for IoT in disaster management. Considering growing uncertainties in climate change, the demand for IoT in weather monitoring is growing globally. According to the World Meteorological Organization, over the past 5 decades, the frequency of disasters has surged by a factor of five, primarily attributed to climate change, heightened incidence of extreme weather events, and enhanced reporting mechanisms. Nevertheless, due to advancements in early warning systems and disaster management, the mortality rate has seen a significant reduction of nearly three-fold.

The Agricultural Industry is Anticipated to Hold a Prominent Share in The Global IoT in The Weather Monitoring Services Market

Among the types, the agriculture sub-segment is anticipated to hold a prominent share of the market. Considering unpredictable climate changes in recent years, the demand for IoT solutions in weather monitoring has increased significantly. For instance, in March 2023, Tamil Nadu Agricultural University (TANU) announced to installation village-wise weather forecast system by the end of the year. Under this program, the state government has established 385 automatic weather stations -224 in the first phase and 161 in the second phase. This initiative will help farmers across the state to make better crop management decisions and minimize crop loss due to extreme climate conditions.

Regional Outlook

The global IoT in weather monitoring market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America holds a considerable share of global IoT in the weather monitoring market due to factors such as a significant presence of agricultural industry in the region, the presence of market leaders such as IBM, Aeron Systems, and Davis Instruments, and growing government support to improve regional disaster management system considering growing uncertainties in climate change, growing maritime trade activities in the region among others.

The Asia-Pacific Region is Expected to Grow Significantly in the Global IoT in Weather Monitoring Market

According to the 2022 statistics handbook of the United Nations (UN) Conference on Trade and Development, 42% of all goods are loaded in Asian ports. Globally the region has the highest share in maritime trade activities. Apart from this, the Asia Pacific is also the largest agricultural producer region globally and also holds 60% of the global population. Despite a significant share in global maritime activities and agriculture of the region, the adoption of technology such as IoT is still less than in other regions. To improve efficiency and productivity the regional governments are promoting the adoption of IoT solutions for weather monitoring by focusing on investments and introducing better policies. Apart from the growing government support, the demand for IoT solutions in weather monitoring applications is also growing due to technological advancements, the growing number of new entrants in the industry, and the growing adoption of technology in the end-user industries. For instance, in June 2023, researchers at the Indian Institute of Technology Madras (IIT Madras) developed a mobile air pollution monitoring system. This innovative framework involves pollution sensors affixed to public vehicles, enabling real-time, high-resolution monitoring of air quality across a broader spatial and temporal range. In contrast, the conventional method relies on stationary monitoring stations and the 'Air Quality Index' (AQI) but is limited by its localized measurements within a small geographical area.

Market Players Outlook

The major companies serving the global IoT in the agriculture market include Nielsen-Kellerman Co., Anemoment LLC, Benchmark Labs, and Davis Instruments among others. The companies are adopting strategies such as collaboration for product development, market expansion, and new product launches. For instance, in December 2022, Astrocast partnered with Avirtech for SatIoT smart farming solutions. Under this partnership, Astrocast will provide Avirtech with Satellite IoT (SatIoT) connectivity solutions for their BIOTA intelligent farm control system.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global IoT in the weather monitoring market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.