The geotechnical instrumentation and monitoring market (GTIM) is expected to grow at a CAGR 8.19% rate during the forecast period. Factors driving the demand for these instruments include a significant rise in infrastructure investments across various countries; stringent government regulations to make structures more sustainable and safer; failure of geotechnical structures results in loss of lives and destruction of infrastructure, as well as financial losses; and increased awareness about benefits of GTIM tools.
Services expected to hold larger market share during the forecast period. Services include structure monitoring, installation of GTIM systems, and consultation regarding the hardware and software that needs to be deployed according to the requirement. Most companies in the market are providing geotechnical instrumentation and monitoring services can be categorized as designing, consultation, and installation.
Bridges and tunnels expected to hold largest market share during forecast period. Geotechnical monitoring instruments play a vital role in monitoring the safety of tunnels and bridges. Increased investments in construction and maintenance of tunnels and bridges in the Americas and APAC will boost demand for GTIM tools. Critical applications such as measurement of rock/soil stress, monitoring of lateral deformation, and monitoring of vertical deformation will also contribute to the increased demand for GTIM tools and services during the forecast period.
APAC is expected to be fastest-growing market during forecast period. The GTIM market in Asia Pacific will grow at the highest rate due to the growing adoption of the geotechnical instrumentation and monitoring techniques for various projects in construction, energy & power, oil & gas, and mining verticals. Increased demand for GTIM tools and services from countries such as China, Japan, South Korea, and India will boost the GTIM market growth during the forecast period.
Key market players includes Fugro (Netherlands), Keller Group (UK), Nova Metrix LLC (US), Geokon Incorporated (US), and Geocomp Corporation (US), Sisgeo SRL (Italy), COWI A/S (Denmark), James Fisher and Sons (UK), Deep Excavation LLC (US).
Key Questions Addressed by the Report
· What are the emerging industrial applications of GTIM tools?
· What are the key drivers, restraints, opportunities, and challenges pertaining to the GTIM market?
· Who are the leading manufacturers of GTIM tools and equipment in the market?
· Who are the leading end users of GTIM tools?
· What are the recent developments in the GTIM industry related to product launches, key innovations, mergers and acquisitions, and partnerships?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1.Significant Rise in Infrastructure Investments Across Various Countries
3.1.2.Failure of Geotechnical Structures Results in Loss of Lives and Destruction of Infrastructure, as Well as Financial Losses
3.1.3.Stringent Government Regulations to Make Structures More Sustainable and Safe
3.1.4.Increased Awareness About Benefits of GTIM Tools
3.2.1.High Installation and Monitoring Costs
3.2.2.Dearth of Skilled Labor/Operators for Installation and Calibration of Geotechnical Instruments
3.2.3.Technical Challenges and Operational Factors
3.2.4.Generation of Inaccurate Results Owing to Errors in Readings
3.3.1.Opportunities in APAC and GCC Countries
3.3.2.Investments in Oil & Gas and Major Energy Projects
4. Executive Summary
5. Geotechnical Instrumentation and Monitoring Market, By Offering
5.1. Hardware and software
5.1.5.Data acquisition system
6. Geotechnical Instrumentation and Monitoring Market, By Networking Technology
6.1. Wired network technology
6.2. Wireless technology
7. Geotechnical Instrumentation and Monitoring Market, By Structure
7.1. Tunnels and bridges
7.2. Building and utilities
8. Geotechnical Instrumentation and Monitoring Market, By End-User
8.1. Building and infrastructure
8.2. Energy and power
8.3. Oil and gas
9. Geotechnical Instrumentation and Monitoring Market, By Region
9.1. North America
9.2.6.Rest of Europe
9.3. Asia Pacific
9.3.6.Rest of APAC
9.4. Rest of the World
10. Company Profiles
10.1. Leading Companies in Geotechnical Instrumentation and Monitoring Market
10.1.2. Keller Group PLC
10.1.3. Nova Metrix LLC
10.1.4. Geokon, Incorporated
10.1.5. Geocomp Corporation
10.1.6. Sisgeo S.R.L.
10.1.7. COWI A/S
10.1.8. James Fisher and Sons PLC
10.1.9. Deep Excavation LLC
10.1.10. RST Instruments Ltd.
10.2. Other Companies in Geotechnical Instrumentation and Monitoring Market
*Company introduction, financial information, recent developments, SWOT analysis
11. Conclusion and Recommendations
12.2. Related Reports