The Asia Pacific Geotechnical Instrumentation and Monitoring Market is expected to witness market growth of 10.0% CAGR during the forecast period (2021-2027).
Geotechnical instrumentation can provide support to the engineers and construction staff by giving them the data at all the phases of a particular project. Additionally, some of the growth catalysts for the market are surge in investments in infrastructure, growing geotechnical instrumentation to minimize failure of geotechnical structures. Makers of geotechnical instrumentation is expected to strive to achieve higher compatibility with 3D printing construction companies and create tailored solutions for them, as they are relatively new concepts, which is expected to create new growth avenues for the geotechnical instrumentation market during the forecast period.
The governments of countries like India and China are focusing heavily on the construction and redevelopment of many cities. For safe and effective constructions, governments, as well as private players, are putting heavy investments to deploy geotechnical instrumentation and monitoring the market during the forecasting period. Factors such as negligence and corruption have increased the cases of building collapses. Additionally, extremely less study about the land is also one of the major causes of building collisions.
The China market dominated the Asia Pacific Geotechnical Instrumentation and Monitoring Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $438.7 million by 2027. The Japan market is expected to grow at a CAGR of 9.4% during (2021 - 2027). Additionally, The India market is expected to anticipate a CAGR of 10.6% during (2021 - 2027).
Based on Component, the market is segmented into Services and Hardware & Software. Based on structure, the market is fragmented into Bridges & Tunnels, Buildings & Utilities, Dams, and Others. Based on networking technology, the market is segmented into Wire and Wireless. Based on End User, the market is segmented into Buildings & Infrastructure, Energy & Power, Oil & Gas, and Mining. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fugro N.V., COWI A/S, James Fisher and Sons plc, John Wood Group plc, Keller Group plc, Terracon, Geosense ltd., GEOKON, Sisgeo S.r.l., and Geocomp Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Services
- Hardware & Software
By Structure
- Bridges & Tunnels
- Buildings & Utilities
- Dams
- Others
By Networking technology
- Wire
- Wireless
By End User
- Buildings & Infrastructure
- Energy & Power
- Oil & Gas
- Mining
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Fugro N.V.
- COWI A/S
- James Fisher and Sons plc
- John Wood Group PLC
- Keller Group plc
- Terracon
- Geosense ltd.
- GEOKON
- Sisgeo S.r.l.
- Geocomp Corporation
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
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Table of Contents
Companies Mentioned
- Fugro N.V.
- COWI A/S
- James Fisher and Sons plc
- John Wood Group PLC
- Keller Group plc
- Terracon
- Geosense ltd.
- GEOKON
- Sisgeo S.r.l.
- Geocomp Corporation
Methodology
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