Middle East and Africa Weather Forecasting Services Market
No. of Pages: 135 | Report Code: TIPRE00026625 | Category: Technology, Media and Telecommunications
No. of Pages: 135 | Report Code: TIPRE00026625 | Category: Technology, Media and Telecommunications
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.
Strategic insights for the Middle East and Africa Weather Forecasting Services provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 90.73 Million |
| Market Size by 2028 | US$ 150.29 Million |
| Global CAGR (2021 - 2028) | 7.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Industry
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Weather Forecasting Services refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Middle East and Africa Weather Forecasting Services Market is valued at US$ 90.73 Million in 2021, it is projected to reach US$ 150.29 Million by 2028.
As per our report Middle East and Africa Weather Forecasting Services Market, the market size is valued at US$ 90.73 Million in 2021, projecting it to reach US$ 150.29 Million by 2028. This translates to a CAGR of approximately 7.5% during the forecast period.
The Middle East and Africa Weather Forecasting Services Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Weather Forecasting Services Market report:
The Middle East and Africa Weather Forecasting Services Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Weather Forecasting Services Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Weather Forecasting Services Market value chain can benefit from the information contained in a comprehensive market report.
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