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Precipitation affects many aspects of our everyday life. It is the primary source of freshwater and has significant socioeconomic impacts resulting from natural hazards such as hurricanes, floods, droughts, and landslides. Fundamentally, precipitation is a critical component of the global water and energy cycle that governs the weather, climate, and ecological systems. Accurate and timely knowledge of when, where, and how much it rains or snows is essential for understanding how the Earth system functions and for improving the prediction of weather, climate, freshwater resources, and natural hazard events. The Global Precipitation Measurement (GPM) mission is an international satellite mission specifically designed to set a new standard for the measurement of precipitation from space and to provide a new generation of global rainfall and snowfall observations in all parts of the world every 3 h. The National Aeronautics and Space Administration (NASA) and the Japan Aerospace and Exploration Agency (JAXA) successfully launched the Core Observatory satellite on 28 February 2014 carrying advanced radar and radiometer systems to serve as a precipitation physics observatory. This will serve as a transfer standard for improving the accuracy and consistency of precipitation measurements from a constellation of research and operational satellites provided by a consortium of international partners. GPM will provide key measurements for understanding the global water and energy cycle in a changing climate as well as timely information useful for a range of regional and global societal applications such as numerical weather prediction, natural hazard monitoring, freshwater resource management, and crop forecasting. [ABSTRACT FROM AUTHOR]