Market Forecast By Industry (Aviation, Agriculture, Marine, Oil & Gas, Energy & Utilities, Insurance, Retail, Media), By Purpose (Operational Efficiency, Safety, Others), By Forecast Type (Nowcast, Short-Range, Medium-Range, Extended-Range, Long-Range), By Organization Size (Large Enterprises, Small & Medium-Sized Enterprises) And Competitive Landscape
Product Code: ETC4557516 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Report Name | Australia Weather Forecasting Services Market |
Forecast period | 2025-2031 |
CAGR | 6.7% |
Growing Sector | Agriculture |
The Australia Weather Forecasting services Market Report thoroughly covers the market by Industry, by Purpose, by Forecast Type, and by organization size. The Australia Weather Forecasting services Market Outlook report provides an unbiased and detailed analysis of the ongoing Australia Weather Forecasting services Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
The Australia weather forecasting services market is a dynamic sector experiencing substantial growth and innovation. The market is characterized by the increasing demand for accurate weather forecasts to optimize operations and mitigate risks. The market for weather forecasting services in Australia is primarily driven by the critical need for precise weather predictions in various sectors such as agriculture, aviation, shipping, and disaster management. The country's geographical diversity and susceptibility to extreme weather conditions necessitate reliable weather forecasting to mitigate risks and plan operations effectively.
According to 6Wresearch, Australia Weather Forecasting services Market size is projected to rise at a CGRA 6.7% of during 2025-2031. Key drivers include technological advancements in weather forecasting models and equipment, the integration of AI and big data for improved accuracy, and a growing awareness of the economic benefits of accurate weather predictions. Additionally, the expansion of the renewable energy sector, which requires precise weather data, further propels the market growth. However, the market faces challenges such as the high costs associated with upgrading forecasting technology and equipment, and the complexity of integrating and analyzing vast amounts of data from diverse sources. Additionally, predicting weather with high accuracy remains a significant challenge due to Australia's complex climate patterns. Beside these challenges, the market’s ongoing trends are shaping the Australia Weather Forecasting services Market growth such as the rising shift towards more localized and personalized weather services, leveraging mobile and web-based platforms for real-time data dissemination. The increased use of drones and wireless technology for data collection is also noteworthy, offering new perspectives and higher resolution data for forecasting models.
The key players in the Australia weather forecasting services market include AccuWeather Inc., DTN, Fugro, Met Office, Precision Weather Services, Spire Global, Storm Geo, The Tomorrow Companies Inc., and The Weather Company (IBM). These companies play a significant role in providing accurate weather forecasts across various industries like agriculture, aviation, energy & utilities, renewable, logistics & transportation, marine, retail, media, and manufacturing.
The government initiatives in the Australia weather forecasting services market include efforts by the Bureau of Meteorology to enhance the delivery of weather, climate, water, and ocean services to add value and impact across various sectors. Additionally, the Australian Space Agency is actively involved in space technologies and services like weather forecasting to benefit the nation, with initiatives such as the Moon to Mars program aimed at supporting Australian industry in space endeavors.
The future insights of the Australia weather forecasting services industry indicate a growth trajectory. The sector is likely to witness advancements in accuracy, particularly in short-range forecasts, which are highly accurate and provide detailed information crucial for decision-making and risk mitigation in various industries like agriculture, aviation, energy & utilities, and more. The future of the Australia weather forecasting services market looks promising with sustained growth opportunities and technological advancements driving its evolution.
According to Dhaval, Research Manager, 6Wresearch the agriculture sector emerges as the leading industry. This is primarily due to the sector's heavy dependence on accurate weather forecasts for planning and operational activities, such as sowing, irrigation, and harvesting. Given Australia's large agricultural footprint and the variability of its climate, the demand for precise and timely weather information is critical.
Based on the forecast type, the Short-Range forecasts are currently leading in demand and application. These forecasts, which typically cover a period up to 48 hours ahead, are crucial for daily planning and decision-making across various sectors, including agriculture, energy, and event planning. The accuracy of short-range forecasts, coupled with their relevance to immediate weather conditions, makes them highly valuable for operational activities, especially in a country like Australia where weather conditions can change rapidly.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Weather Forecasting Services Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Weather Forecasting Services Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Weather Forecasting Services Market - Industry Life Cycle |
3.4 Australia Weather Forecasting Services Market - Porter's Five Forces |
3.5 Australia Weather Forecasting Services Market Revenues & Volume Share, By Industry, 2021 & 2031F |
3.6 Australia Weather Forecasting Services Market Revenues & Volume Share, By Purpose, 2021 & 2031F |
3.7 Australia Weather Forecasting Services Market Revenues & Volume Share, By Forecast Type, 2021 & 2031F |
3.8 Australia Weather Forecasting Services Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 Australia Weather Forecasting Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Weather Forecasting Services Market Trends |
6 Australia Weather Forecasting Services Market, By Types |
6.1 Australia Weather Forecasting Services Market, By Industry |
6.1.1 Overview and Analysis |
6.1.2 Australia Weather Forecasting Services Market Revenues & Volume, By Industry, 2021-2031F |
6.1.3 Australia Weather Forecasting Services Market Revenues & Volume, By Aviation, 2021-2031F |
6.1.4 Australia Weather Forecasting Services Market Revenues & Volume, By Agriculture, 2021-2031F |
6.1.5 Australia Weather Forecasting Services Market Revenues & Volume, By Marine, 2021-2031F |
6.1.6 Australia Weather Forecasting Services Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.1.7 Australia Weather Forecasting Services Market Revenues & Volume, By Energy & Utilities, 2021-2031F |
6.1.8 Australia Weather Forecasting Services Market Revenues & Volume, By Insurance, 2021-2031F |
6.1.9 Australia Weather Forecasting Services Market Revenues & Volume, By Media, 2021-2031F |
6.1.10 Australia Weather Forecasting Services Market Revenues & Volume, By Media, 2021-2031F |
6.2 Australia Weather Forecasting Services Market, By Purpose |
6.2.1 Overview and Analysis |
6.2.2 Australia Weather Forecasting Services Market Revenues & Volume, By Operational Efficiency, 2021-2031F |
6.2.3 Australia Weather Forecasting Services Market Revenues & Volume, By Safety, 2021-2031F |
6.2.4 Australia Weather Forecasting Services Market Revenues & Volume, By Others, 2021-2031F |
6.3 Australia Weather Forecasting Services Market, By Forecast Type |
6.3.1 Overview and Analysis |
6.3.2 Australia Weather Forecasting Services Market Revenues & Volume, By Nowcast, 2021-2031F |
6.3.3 Australia Weather Forecasting Services Market Revenues & Volume, By Short-Range, 2021-2031F |
6.3.4 Australia Weather Forecasting Services Market Revenues & Volume, By Medium-Range, 2021-2031F |
6.3.5 Australia Weather Forecasting Services Market Revenues & Volume, By Extended-Range, 2021-2031F |
6.3.6 Australia Weather Forecasting Services Market Revenues & Volume, By Long-Range, 2021-2031F |
6.4 Australia Weather Forecasting Services Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 Australia Weather Forecasting Services Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.4.3 Australia Weather Forecasting Services Market Revenues & Volume, By Small & Medium-Sized Enterprises, 2021-2031F |
7 Australia Weather Forecasting Services Market Import-Export Trade Statistics |
7.1 Australia Weather Forecasting Services Market Export to Major Countries |
7.2 Australia Weather Forecasting Services Market Imports from Major Countries |
8 Australia Weather Forecasting Services Market Key Performance Indicators |
9 Australia Weather Forecasting Services Market - Opportunity Assessment |
9.1 Australia Weather Forecasting Services Market Opportunity Assessment, By Industry, 2021 & 2031F |
9.2 Australia Weather Forecasting Services Market Opportunity Assessment, By Purpose, 2021 & 2031F |
9.3 Australia Weather Forecasting Services Market Opportunity Assessment, By Forecast Type, 2021 & 2031F |
9.4 Australia Weather Forecasting Services Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 Australia Weather Forecasting Services Market - Competitive Landscape |
10.1 Australia Weather Forecasting Services Market Revenue Share, By Companies, 2024 |
10.2 Australia Weather Forecasting Services Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |