Geotechnical Instrumentation and Monitoring Market Size, Share, Trends and Growth Report – Global Opportunities & Forecast, 2023-2030
Analysis from GMI Research finds that the Geotechnical Instrumentation and Monitoring Market earned revenues of USD 3.9 billion in 2022 and estimated to touch USD 7.8 billion in 2030 will grow at a CAGR of 9.1% from 2023-2030
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Major Geotechnical Instrumentation and Monitoring Market Drivers
The factors driving the global geotechnical instrumentation and monitoring market include increasing heavy infrastructure projects with government initiatives and investment due to rapidly growing urban population and industrialization around the globe. For instance, Australia government is executing the project to build Oceania to Sydney Metro, which also includes construction of highways and toll roads with significant investment of US$ 14.7 billion. Currently, this is the largest infrastructure project under construction in the Asia-Pacific continent. It created massive demand for the global geotechnical instrumentation and monitoring market require for surveying and mapping the lands before constructing.
Also increasing government funding and investment for building huge infrastructures such as bridges, railways, dams etc. have created exponential demand for the global geotechnical instrumentation and monitoring market. For instance, in India, the government will spend over US$ 500 billion for infrastructure development projects and as of March, 2021 there are over 1,698 central government projects under implementation across India which includes 469 mega projects such as railways, bridges, roads and tunnels. Thus, it created massive demand for the growth of the geotechnical instrumentations and monitoring market.
Restraint in the Geotechnical Instrumentation and Monitoring Market
However, capital cost required for installation and monitoring, fluctuation in price range that depends on the location may hamper the global Geotechnical Instrumentation and Monitoring market.
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Component – Segmentation Analysis
Based on the component, services segment has the highest share for the global geotechnical instrumentation and monitoring market during the forecast period; this is primarily attributed to rising demand for geological mapping before constructing high investment projects. The services include soil testing, water testing, and the evaluation of the effect of the structural operation on parameters like stress, strain, water, pressure, inclination, deflection among others
Technology – Segment Analysis
Based on the technology, wireless is expected to grow at the fastest rate in the global geotechnical instrumentation and monitoring market during the study forecast period; this is primarily attributed to rising demand for the performance monitoring for safety during the life of the structure.
Application – Segment Analysis
Based on the application, tunnels and bridges segment is projected to have the largest market share over the forecast period in the global geotechnical instrumentation and monitoring market, owing to rising government investment across the globe. For instance, in 2021, United States has announced the US$ 2 trillion infrastructure plan which includes bridges, public transportation, tunnels, roads, railways, ports and airports.
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Regional – Segment Analysis:
Based on the region, Asia-Pacific region is dominated the global geotechnical instrumentation and monitoring market in 2019 due to the presence of the huge population and growing manufacturing companies with growing government infrastructure projects investment for the sustainable development across the region followed by North America, GCC and Europe. For instance, China’s vast Belt and Road initiative that aims for better connectivity to several countries across the globe for boosting trade and economic growth. The project is under construction which has an estimated cost of US$ 900 Billion to connect 68 countries. The belt and road initiative aims to connect China with 65% of the global population and to meet global increasing infrastructure gap and accelerate growth across Central and Eastern Europe and the Asia-Pacific region. This has created massive demand for the geotechnical instrumentation and monitoring market for assessment and surveying the land to construct the huge road map.
Top Market Players
Various notable players operating in the market, include Fugro, Monitoring Solution Providers Pte Ltd, S. W. Cole Engineering, Inc., Coffey International., WJ Groundwater Limited, EKO Instruments, GEOTECHNICS LIMITED, Deep Excavation LLC, Geocomp Corporation., DST Consulting Engineers Inc, GaiaComm Ltd, Advanced Geophysics Instruments, Innovative Geotechnical Instrumentation and among others.
Key Developments:
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- In 2021, Fugro has completed an environmental project for supporting the clean-up of one of the most contaminated sites in Denmark. The project engaged by Fugro includes the installation of 800 injection wells over a total area of 2000 m² with the help of specialist direct push technology.
- In 2021, Fugro has been received jumbo positioning contract for deepwater Mero 1 Offshore in Brazil. The company will provide the positioning and construction support services for Jumbo Maritime, offshore installation on the Mero 1 deepwater field located approximately 180 km off the coast of Rio de Janeiro in Brazil.
- In 2021, Fugro has been awarded with Geo-data solutions contract provided by the Texas Department of Information Resources (DIR) for supporting the state’s Strategic Mapping Program (StratMap). The company will provide opportunities for the state and its local government, public utility and academia partners for comprehensive GIS, geospatial and geotechnical analysis. That project will meet digital geo-data layers demand across the state for more efficient and effective governance.
Segments covered in the Report:
The global geotechnical instrumentation and monitoring market has been segmented on the basis of component, technology, application, and key regions. Based on component, the global geotechnical instrumentation and monitoring market is divided into software, services and hardware. Based on technology, the market is divided into wired and wireless. Based on the application, the global geotechnical instrumentation and monitoring market is divided into Tunnels and Bridges, Buildings, Dams and Others.
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Report Coverage |
Details |
| Market Revenues (2022) |
USD 3.9 billion |
| Market Base Year |
2022 |
| Market Forecast Period |
2023-2030 |
| Base Year & Forecast Units |
Revenues (USD Billion) |
| Market Segment | By Component, By Technology, By Application, By Region |
| Regional Coverage | Asia Pacific, Europe, North America, and RoW |
| Companies Profiled | Fugro, Monitoring Solution Providers Pte Ltd, S. W. Cole Engineering, Inc., Coffey International., WJ Groundwater Limited, EKO Instruments, GEOTECHNICS LIMITED, Deep Excavation LLC, Geocomp Corporation., DST CONSULTING ENGINEERS INC, Teijin, GaiaComm Ltd, Webasto SE and among others. |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Geotechnical Instrumentation and Monitoring Market by Component
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- Services
- Hardware
- Software
Global Geotechnical Instrumentation and Monitoring Market by Technology
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- Wired
- Wireless
Global Geotechnical Instrumentation and Monitoring Market by Application
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- Tunnels and Bridges
- Buildings
- Dams
- Others
Global Geotechnical Instrumentation and Monitoring Market by Region
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North America Geotechnical Instrumentation and Monitoring Market (Option 1: As a part of the free 25% customization)
- By Component
- By Technology
- By Application
- US Market All-Up
- Canada Market All-Up
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Europe Geotechnical Instrumentation and Monitoring Market (Option 2: As a part of the free 25% customization)
- By Component
- By Technology
- By Application
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
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Asia-Pacific Geotechnical Instrumentation and Monitoring Market (Option 3: As a part of the free 25% customization)
- By Component
- By Technology
- By Application
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
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RoW Geotechnical Instrumentation and Monitoring Market (Option 4: As a part of the free 25% customization)
- By Component
- By Technology
- By Application
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
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Global Geotechnical Instrumentation and Monitoring Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Fugro
- Monitoring Solution Providers Pte Ltd
- W. Cole Engineering, Inc.
- Webasto SE
- Idemitsu
- WJ Groundwater Limited
- EKO Instruments
- GEOTECHNICS LIMITED
- Deep Excavation LLC
- Geocomp Corporation.
- DST CONSULTING ENGINEERS INC
- GaiaComm Ltd
- Advanced Geophysics Instruments
- Innovative Geotechnical Instrumentation
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