Global Geotechnical Instrumentation and Monitoring Market (2021-2026) by Offering, Networking Technology, Structure, End User, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Geotechnical Instrumentation and Monitoring Market is estimated to be USD 3.2 Bn in 2021 and is expected to reach USD 5.1 Bn by 2026, growing at a CAGR of 9.6%.

Market Dynamics

Geotechnical instrumentation is essential in surface and subsurface mining. For example, it considers strain, pressure, load, stress, vibration, and other characteristics that might ensure the optimal and safe building of a project. It also aids in assessing ground feasibility for design purposes and computations. Tunnels, dams, and excavations near sensitive buildings require a high degree of geotechnical instrumentation. Geotechnical instrumentation focuses on structural and soil deformities, stresses acting on structural components, and ground water pressure and inflows. Range, resolution, accuracy, precision, compliance, robustness, and dependability are all variables to consider while choosing geotechnical instruments.

The geotechnical instrumentation and monitoring market is expected to expand significantly as demand for noncritical construction projects such as tunnels, slopes, and excavations rises. The instrumentation is being used because it enables excellent quality, construction control, monitoring in-service performance, and design verification. Furthermore, significant technological advances in the field of sensors are likely to boost the growth of the geotechnical instrumentation and monitoring market. The major drivers for the geotechnical instrumentation and monitoring market include increased infrastructure expenditures across various nations, rigorous government requirements to make constructions more sustainable and safer, and increased knowledge about the benefits of GTIM instruments. Nonetheless, the increase in awareness and possibilities in the APAC region, followed by investments in the oil and gas and energy industries, provides attractive potential for the worldwide geotechnical instrumentation and monitoring market.

However, the expensive cost of GTIM devices limits market expansion. This factor's influence is strong now, but it may decrease throughout the projection period as service provider competition grows.

Market Segmentation

The Global Geotechnical Instrumentation and Monitoring Market is segmented further based on Offering, Networking Technology, Structure, End User, and Geography.

By Offering, the market is classified into Hardware & Software, And Services. Services to account for the largest share of the geotechnical instrumentation and monitoring market.

By Networking Technology, the market is classified into Wired and Wireless. Wireless Networking Technology to grow at the highest CAGR during the forecast period.

By Structure, the market is classified into Tunnels & Bridges, Buildings & Utilities, Dams and Others. Tunnels & Bridges to account for the largest market share.

By End User, the market is classified into Buildings & Infrastructure, Energy & Power, Oil & Gas and Mining. Buildings & Infrastructures to dominate the geotechnical instrumentation and monitoring market.

By Geography, North America is projected to lead the market.

Recent Developments

1. Keller Group plc acquires RECON Services, Inc. - 14th Jul 2021
2. Fugro acquires OREX in strategic advanced soil testing move. - 5th Mar 2020
3. James Fisher and Sons Plc announces the acquisition of 60% of the share capital of Continental Participação E Administração Ltda.. - 7th Aug 2019

Company Profiles

Some of the companies covered in this report are COWI A/S, FUGRO, Geosense, GeoSIG, Roctest., Sisgeo, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Geotechnical Instrumentation and Monitoring Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market