Geotechnical Instrumentation And Monitoring Market - Forecast(2024 - 2030)

Report Code: ESR 71815 Report Format: PDF + Excel

Geotechnical Instrumentation and Monitoring Market Overview

The global Geotechnical Instrumentation and Monitoring Market size is poised to reach $5.1 billion by 2026, growing at CAGR 8.5% during the forecast period 2021-2026. Geotechnical Instrumentation and Monitoring refers to all different types of instruments such as vibrating wire piezometer data interpretation, sensors and so on that are being used in offshore geotechnical engineering services. Globally increasing infrastructure investment across various countries is set to be the major driver for the growth of the market during the forecast period. Moreover, government stringent rules and regulations to make structure more safe and sustainable is also set to be one of the major growth factors assisting the market growth during the forecast period 2021-2026.

Report Coverage

The report based on: “Geotechnical Instrumentation and Monitoring Market- Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Geotechnical Instrumentation and Monitoring Market Industry Outlook.

By Offering: Hardware, Software & Services.
By Connectivity: Wired, Wireless.
By Structure: Tunnel and Bridges, Buildings and Monuments, Dams,Others.
By End-User: Building and Infrastructure, Oil and Gas, Mining, Power and Utilities, Others.
By Geography: North America (U.S., Canada and Mexico); Europe (U.K., Germany, Italy, France, Rest of Europe); APAC (China, Japan, South Korea, India, Rest of APAC); South America (Brazil, Argentina, Rest of Americas); RoW (Middle East & Africa)

Key Takeaways

  • Tunnels and Bridges held the highest segment of the Geotechnical Instrumentation and Monitoring Market.
  • Building and Infrastructures is the fastest-growing segment in the Geotechnical Instrumentation and Monitoring Market, owing to government initiatives in developing holistic infrastructure.
  • APAC region dominated the Geotechnical Instrumentation and Monitoring Market by a market share of 33% in 2020 owing to the rapid growth of the construction industry.

Global Geotechnical Instrumentation and Monitoring Market Value Share, By Geography, 2020 (%)

Geotechnical Instrumentation and Monitoring Market

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Geotechnical Instrumentation and Monitoring Market Segment Analysis- by Structure

Tunnels and Bridges held the highest segment of the Geotechnical Instrumentation and Monitoring Market with a value of 38.9% in 2020 and a similar trend is anticipated to continue during the forecast period 2021-2026, owing to increasing number of projects on tunnels and bridges construction worldwide. For instance in March 2021, Government of Delhi, India announced road infrastructure projects which includes East-West Corridor (tunnel road between Tikri and Anand Vihar), North-South Corridor (tunnel road from the Signature Bridge to the airport) and an outer road moving parallel to the Yamuna from the Signature Bridge to Sarai Kale Khan. Such road infrastructure projects can increase the demand for Geotechnical Instrumentation and Monitoring solutions which influence the market growth in the long run. 

Geotechnical Instrumentation and Monitoring Market Segment Analysis- by End-User

Based on end-user segmentation, Building and Infrastructures are analyzed to grow with the highest CAGR of around 9.5% in the global Geotechnical Instrumentation and Monitoring Market during the forecast period 2021-2026, owing to the growing number of infrastructure projects globally. Moreover, government initiatives in developing holistic infrastructure will create opportunities for the growth of the market. For instance, in August 2021, Government of India announced to launch Gati Shakti Project to boost economic growth by developing holistic infrastructure buildings and decided to allocate $1.35 trillion. Such initiatives can further influence the market growth of Geotechnical Instrumentation and monitoring in the long run. The benefits such as real-time monitoring as well as accurate data have been contributing to the growth of the building and infrastructure segment in this market. Dams, tunnels, bridges, and buildings are critical structures that need to be closely monitored regularly which results in adoption of geotechnical instruments. 

Geotechnical Instrumentation and Monitoring Market Segment Analysis- by Geography

APAC held the highest Geotechnical Instrumentation and Monitoring Market share of around 33% in the global Geotechnical Instrumentation and Monitoring Market in 2020 and is further set to grow at a significant rate during the forecast period 2021-2026, owing to surge in the use of Geotechnical Instrumentation and Monitoring technique in construction, mining oil and gas industry. The factors such as increasing construction activities, rapid industrialization and increasing investment in buildings and infrastructure projects have been contributing to the market growth across the APAC region in long run. Moreover, government investment in infrastructure projects will create opportunities for the growth of the Geotechnical Instrumentation and Monitoring market. For instance, Government of India planned to invest US$ 1.4 trillion on infrastructure till 2023 to have a sustainable development of the country. The Government of India also planned an investment of $ 750 billion for railways infrastructure from the year 2018-2030. Such investments can further influence the market growth of Geotechnical Instrumentation and monitoring in the long run. Furthermore, growing adoption of Geotechnical Instrumentation and Monitoring in renewable energy projects will boost the growth of the market in this region. In January 2021, FUGRO, global expertise in site investigation, and NYK partnered with OYO Corporation to provide comprehensive geotechnical investigation service for offshore wind energy in Japan through the combination of the joint operation of an offshore geotechnical investigation vessel. Such developments can further influence the market growth of Geotechnical Instrumentation and monitoring in the long run.

Geotechnical Instrumentation and Monitoring Market Drivers

Rise in adoption of Geotechnical Instrumentation and Monitoring Techniques in GCC countries

Increasing adoption of GIMT technique in GCC countries such as UAE, Saudi Arabia, Qatar and so on is set to be one of the factors that can drive the market forward during the forecast period 2021-2026, owing to massive infrastructure investment in high rise buildings, bridges and tunnels. Though oil and gas remains the dominating sector in Gulf countries, major shift towards infrastructure and development can be seen in almost every GCC countries. Infrastructure is crucial for country’s development. As per IndustryArc recent study, total value of infrastructure projects in GCC countries had reached to $1.14 trillion in 2019 among which road development constitutes hold the major share in investment.

Increasing infrastructure investment

Increasing infrastructure investment is set to be one of the factors that can drive the market forward during the forecast period 2021-2026. Investment in infrastructure can contribute to economic growth and increase the productivity of different sectors. It is also crucial for regional development. In April 2021, US Government planned to invest USD 2.25 trillion to modernize its infrastructure such as dams, levees, and roads. Such investments can increase the demand for Geotechnical Instrumentation and Monitoring solutions. Similarly, in March 2021, Government of China planned to invest USD 30 billion to ramp up the infrastructure in Tibet such as building new expressways and modernizing the present ones. Such developments can further influence the market growth of Geotechnical Instrumentation and monitoring in the long run. 

Geotechnical Instrumentation and Monitoring Market Challenges

High Installation Cost

High installation cost acts as a major challenge restraining the market growth of Geotechnical Instrumentation and Monitoring Market. The cost of advanced sensors, software, and complex data acquisition systems in Geotechnical Instrumentation and Monitoring system is quite expensive. Furthermore, demand for geotechnical instrumentation and monitoring solutions decreased due to outbreak of covid19. The outbreak of Covid19 disrupted supply chain due to the imposition of lockdown in almost every country to curb the spread of the virus. Travel restrictions have led to the temporarily shut-down or cancellation of construction projects due to less man power as well as lack of operational budget and lack of availability of resources. Owing to the above mentioned factors, demand for Geotechnical Instrumentation and Monitoring will be significantly impacted, thus hampering its market growth.

Geotechnical Instrumentation and Monitoring Market Landscape

Partnership, Product launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Geotechnical Instrumentation and Monitoring Market. The Geotechnical Instrumentation and Monitoring Market top 10 companies include:

  1. Encardio-rite Group
  2. Geokon
  3. Geosense
  4. Furgo
  5. Nova Metrix LLC
  6. Geocomp Corporation
  7. James Fisher and Sons
  8. Geodata Monitoring and Surveying Group
  9. Amberg Technologies AG
  10.  Deep Excavation LLC.

Acquisitions/Technology Launches

  • In March 2020, Geosense became the first company in Europe to join Sensemetrics Alliance Program in which Geosense analog or digital sensor can be connected to Sensemetrics cloud based IIoT platform to enhance real time data visualization and intelligent platforms.
  • In December 2019, Nova Measurements LLC acquired Controls S.p.A, a global leader in the design, manufacture and supply of on-site precision testing equipment for the construction and civil engineering industries.

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1. Geotechnical Instrumentation and Monitoring Market - Market Overview
    1.1 Definitions and Scope
2. Geotechnical Instrumentation and Monitoring Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by type
    2.3 Key trends segmented by Geography
3. Geotechnical Instrumentation and Monitoring Market– Industry Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Geotechnical Instrumentation and Monitoring Market – Startup companies Scenario Premium Premium
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Geotechnical Instrumentation and Monitoring Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis – Top 10 companies
6. Geotechnical Instrumentation and Monitoring Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Geotechnical Instrumentation and Monitoring Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Geotechnical Instrumentation and Monitoring Market- By Offering
    8.1 Hardware
    8.2 Software
    8.3 Services
9. Geotechnical Instrumentation and Monitoring Market – By Connectivity
    9.1 Wired
    9.2 Wireless
10. Geotechnical Instrumentation and Monitoring Market– By Structure
    10.1 Tunnel and Bridges
    10.2 Buildings and Monuments
    10.3 Dams
    10.4 Others
11. Geotechnical Instrumentation and Monitoring Market– By End-User
    11.1 Building and Infrastructure
    11.2 Oil and Gas
    11.3 Mining
    11.4 Power and Utilities
    11.5 Others
12. Geotechnical Instrumentation and Monitoring Market - By Geography (Market Size -$Million)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Rest of Europe
    12.3 Asia Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan 
        12.3.4 South Korea
        12.3.5 Australia
        12.3.6 Rest of Asia Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Rest of South America
    12.5 ROW
        12.5.1 Middle East
        12.5.2 Africa
13. Geotechnical Instrumentation and Monitoring Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. Geotechnical Instrumentation and Monitoring Market – Industry / Segment Competition landscape Premium Premium
    14.1 Market Share Analysis
        14.1.1 Market Share by Country- Top companies
        14.1.2 Market Share by type of Vehicle – Top 10 companies
        14.1.3 Best Practices for companies
15. Geotechnical Instrumentation and Monitoring Market – Key Company List by Country Premium Premium
16. Geotechnical Instrumentation and Monitoring Market - Company Analysis
    16.1 Encardio-rite Group
    16.2 Geokon
    16.3 Geosense
    16.4 Furgo
    16.5 Nova Metrix LLC
    16.6 Geocomp Corporation
    16.7 James Fisher and Sons
    16.8 Geodata Monitoring and Surveying Group
    16.9 Amberg Technologies AG
    16.10 Company 10
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global GTIM Market By Networking Technology Market 2023-2030 ($M)
1.1 Wired Networking Technology Market 2023-2030 ($M) - Global Industry Research
1.2 Wireless Technology Market 2023-2030 ($M) - Global Industry Research
2.Global GTIM Market By Structure Market 2023-2030 ($M)
2.1 Tunnels & Bridges Market 2023-2030 ($M) - Global Industry Research
2.2 Buildings & Utilities Market 2023-2030 ($M) - Global Industry Research
2.3 DAMS Market 2023-2030 ($M) - Global Industry Research
3.Global GTIM Market By End User Market 2023-2030 ($M)
3.1 Building & Infrastructure Market 2023-2030 ($M) - Global Industry Research
3.2 Energy & Power Market 2023-2030 ($M) - Global Industry Research
3.3 Oil & Gas Market 2023-2030 ($M) - Global Industry Research
3.4 Mining Market 2023-2030 ($M) - Global Industry Research
4.Global GTIM Market By Networking Technology Market 2023-2030 (Volume/Units)
4.1 Wired Networking Technology Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Wireless Technology Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global GTIM Market By Structure Market 2023-2030 (Volume/Units)
5.1 Tunnels & Bridges Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Buildings & Utilities Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 DAMS Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global GTIM Market By End User Market 2023-2030 (Volume/Units)
6.1 Building & Infrastructure Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Energy & Power Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Oil & Gas Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Mining Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America GTIM Market By Networking Technology Market 2023-2030 ($M)
7.1 Wired Networking Technology Market 2023-2030 ($M) - Regional Industry Research
7.2 Wireless Technology Market 2023-2030 ($M) - Regional Industry Research
8.North America GTIM Market By Structure Market 2023-2030 ($M)
8.1 Tunnels & Bridges Market 2023-2030 ($M) - Regional Industry Research
8.2 Buildings & Utilities Market 2023-2030 ($M) - Regional Industry Research
8.3 DAMS Market 2023-2030 ($M) - Regional Industry Research
9.North America GTIM Market By End User Market 2023-2030 ($M)
9.1 Building & Infrastructure Market 2023-2030 ($M) - Regional Industry Research
9.2 Energy & Power Market 2023-2030 ($M) - Regional Industry Research
9.3 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
9.4 Mining Market 2023-2030 ($M) - Regional Industry Research
10.South America GTIM Market By Networking Technology Market 2023-2030 ($M)
10.1 Wired Networking Technology Market 2023-2030 ($M) - Regional Industry Research
10.2 Wireless Technology Market 2023-2030 ($M) - Regional Industry Research
11.South America GTIM Market By Structure Market 2023-2030 ($M)
11.1 Tunnels & Bridges Market 2023-2030 ($M) - Regional Industry Research
11.2 Buildings & Utilities Market 2023-2030 ($M) - Regional Industry Research
11.3 DAMS Market 2023-2030 ($M) - Regional Industry Research
12.South America GTIM Market By End User Market 2023-2030 ($M)
12.1 Building & Infrastructure Market 2023-2030 ($M) - Regional Industry Research
12.2 Energy & Power Market 2023-2030 ($M) - Regional Industry Research
12.3 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
12.4 Mining Market 2023-2030 ($M) - Regional Industry Research
13.Europe GTIM Market By Networking Technology Market 2023-2030 ($M)
13.1 Wired Networking Technology Market 2023-2030 ($M) - Regional Industry Research
13.2 Wireless Technology Market 2023-2030 ($M) - Regional Industry Research
14.Europe GTIM Market By Structure Market 2023-2030 ($M)
14.1 Tunnels & Bridges Market 2023-2030 ($M) - Regional Industry Research
14.2 Buildings & Utilities Market 2023-2030 ($M) - Regional Industry Research
14.3 DAMS Market 2023-2030 ($M) - Regional Industry Research
15.Europe GTIM Market By End User Market 2023-2030 ($M)
15.1 Building & Infrastructure Market 2023-2030 ($M) - Regional Industry Research
15.2 Energy & Power Market 2023-2030 ($M) - Regional Industry Research
15.3 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
15.4 Mining Market 2023-2030 ($M) - Regional Industry Research
16.APAC GTIM Market By Networking Technology Market 2023-2030 ($M)
16.1 Wired Networking Technology Market 2023-2030 ($M) - Regional Industry Research
16.2 Wireless Technology Market 2023-2030 ($M) - Regional Industry Research
17.APAC GTIM Market By Structure Market 2023-2030 ($M)
17.1 Tunnels & Bridges Market 2023-2030 ($M) - Regional Industry Research
17.2 Buildings & Utilities Market 2023-2030 ($M) - Regional Industry Research
17.3 DAMS Market 2023-2030 ($M) - Regional Industry Research
18.APAC GTIM Market By End User Market 2023-2030 ($M)
18.1 Building & Infrastructure Market 2023-2030 ($M) - Regional Industry Research
18.2 Energy & Power Market 2023-2030 ($M) - Regional Industry Research
18.3 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
18.4 Mining Market 2023-2030 ($M) - Regional Industry Research
19.MENA GTIM Market By Networking Technology Market 2023-2030 ($M)
19.1 Wired Networking Technology Market 2023-2030 ($M) - Regional Industry Research
19.2 Wireless Technology Market 2023-2030 ($M) - Regional Industry Research
20.MENA GTIM Market By Structure Market 2023-2030 ($M)
20.1 Tunnels & Bridges Market 2023-2030 ($M) - Regional Industry Research
20.2 Buildings & Utilities Market 2023-2030 ($M) - Regional Industry Research
20.3 DAMS Market 2023-2030 ($M) - Regional Industry Research
21.MENA GTIM Market By End User Market 2023-2030 ($M)
21.1 Building & Infrastructure Market 2023-2030 ($M) - Regional Industry Research
21.2 Energy & Power Market 2023-2030 ($M) - Regional Industry Research
21.3 Oil & Gas Market 2023-2030 ($M) - Regional Industry Research
21.4 Mining Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
2.Canada Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
3.Mexico Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
4.Brazil Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
5.Argentina Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
6.Peru Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
7.Colombia Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
8.Chile Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
9.Rest of South America Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
10.UK Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
11.Germany Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
12.France Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
13.Italy Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
14.Spain Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
15.Rest of Europe Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
16.China Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
17.India Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
18.Japan Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
19.South Korea Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
20.South Africa Geotechnical Instrumentation And Monitoring Market Revenue, 2023-2030 ($M)
21.North America Geotechnical Instrumentation And Monitoring By Application
22.South America Geotechnical Instrumentation And Monitoring By Application
23.Europe Geotechnical Instrumentation And Monitoring By Application
24.APAC Geotechnical Instrumentation And Monitoring By Application
25.MENA Geotechnical Instrumentation And Monitoring By Application
26.Fugro, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Keller Group PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Nova Metrix LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Geocomp Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.SISGEO S.R.L., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Cowi A/S, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.James Fisher & Sons PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Deep Excavation LLC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.RST Instruments Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Eustis Engineering LLC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.DST Consulting Engineers Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Geosig Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Smart Structures, Sales /Revenue, 2015-2018 ($Mn/$Bn)