Global Geotechnical Instrumentation and Monitoring Market: Component (Hardware, Software, Services), Technology (Wired Networking, Wireless Networking), Application (Tunnels and Bridges, Buildings, Dams, Others), Industry Vertical - Forecast Till 2023
Market synopsis
Geotechnical instrumentation benefits the engineers and construction workers by providing data in every stage of a project. Geotechnical instrumentation and monitoring are essential for the effective completion of construction projects. The prominent reasons for deploying instrumentation is its capability of providing quality control, construction control, monitoring in-service performance, design verification, and many others. Geotechnical instrumentation enhances the quality of work and makes it easy to document the work done, with greater accuracy.
The rising awareness and various advantages of geotechnical instrumentation and monitoring and increasing investments across the developing countries like China and India are driving the market. The technological advancements in the field of sensors and prominence of instrumentation in untapped economies are expected to drive the market through the forecast period. However, high deployment costs of monitoring solutions are hampering the market growth.
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Segmentation
On the basis of the component, the market is segmented into hardware, software, and services. The hardware is further sub-segmented into sensors, piezometers, inclinometers, extensometers, and others. The service is further sub-segmented into installation and designing service, monitoring services, and others.
On the basis of technology, the market is segmented into wired networking and wireless networking.
On the basis of application, the market is segmented into tunnels and bridges, buildings, dams, and others.
On the basis of industry vertical, the market is segmented into construction and infrastructure, energy & power, oil & gas, agriculture, and other.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and rest of the world.
Key players
Some of the major players in global Geotechnical Instrumentation and Monitoring Market include Deep Excavation LLC (U.S.), Geocomp Corporation (U.S.), DST Consulting Engineers Inc (Canada), Fugro (Holland), Monitoring Solution Providers Pte Ltd (Singapore), S. W. Cole Engineering, Inc (U.S.), Coffey International (Australia), WJ Groundwater Limited (U.K), EKO Instruments (Japan), Geotechnics Limited (U.K), among others
Other vendors include GaiaComm Ltd. (Greece), M.A.E. Advanced Geophysics Instruments (Italy), Innovative Geotechnical Instrumentation (India), Geotechnics Ltd. (New Zealand), Quantum Geotechnical (U.K), Geotechnical Services, Inc (U.S.), Petra Geotechnical, Inc. (U.S.), American Geotechnical, Inc.(U.S.), Wardle Drilling & Geotechnical Ltd. (U.K), Land-Drill Geotechnics Ltd (U.K.), Cascade Geotechnical Inc. (Canada), Canterbury Seismic Instruments Ltd (New Zealand), Ace Instrument Co., Ltd (South Korea), HMA Geotechnical Systems Australia Pty (Australia), Geotest Instrument Corporation (U.S.), Marton Geotechnical Services Ltd (MGS) (U.K), among others.
Regional Analysis
On the basis of geography, the market is studied for North America, Europe, Asia Pacific and rest of the world. Among all the regions, the market is dominated by North America due to the increasing number of projects that are implementing geotechnical instrumentation and monitoring solutions. Europe closely follows North America in this market. Europe comprises most of the key players that operate in geotechnical instrumentation and monitoring market. Higher concentration of key players has enabled the European region to compete closely with North America regarding market share.
On the other hand, Asia Pacific is expected to show a decent growth considering developments in building infrastructure. Many emerging countries like India, China, and Taiwan are investing huge amounts in the betterment of infrastructure. However, due to lack of technical expertise, and higher cost of maintenance, the market is restrained by these factors in Asia Pacific. However, the Middle East is expected to show a high growth rate, due to increasing number of airport, roads and building projects in countries like the UAE, Saudi Arabia, and Oman.
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Intended Audience
- Enterprise AI service providers
- Enterprise AI solution vendors
- Application developers
- System developers and integrators
- Government agencies
- Application end-user
- Research Firms
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