Attractive Opportunities in the Geotechnical Instrumentation and Monitoring Market

The report "Geotechnical Instrumentation and Monitoring Market by Offering (Hardware & Software, Services), Technology (Wired, Wireless), Structure (Tunnels & Bridges, Buildings & Utilities, Dams), End user, and Region - Global Forecast to 2022" , is estimated to be valued at USD 4.64 Billion by 2022, and is projected to grow at a CAGR of 11.37% between 2017 and 2022. The growth of the geotechnical instrumentation and monitoring market can be attributed to the awareness about the benefits of geotechnical instrumentation and monitoring and stringent government regulations for its implementation. The rising number of infrastructure projects across the globe is driving the market growth, as geotechnical instrumentation and monitoring is planned to be implemented in almost every critical structure to adhere to safety regulations.

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To estimate the size of geotechnical instrumentation and monitoring market, the top players and their share in this market have been considered. This research study involves the extensive use of secondary sources, such as the American Society of Civil Engineers (ASCE), the British Geotechnical Association (BGA), the IEEE Standards Association, the Australian Geomechanics Society, the International Journal of Geotechnical Engineering, a study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts.

The research methodology is explained below:

• Analyzing the overall size of the individual markets through percentage splits with the help of primary and secondary research
• Analyzing the market segments and subsegments
• Analyzing the supply and demand sides of the geotechnical instrumentation and monitoring ecosystem
• Analyzing the market trends in various regions and countries, supported by the ongoing research and development (R&D) in these regions
• Finalizing the overall market sizes by triangulation with supply-side data, which includes product developments, supply chain, and estimated sales of the geotechnical instrumentation and monitoring market

After arriving at the overall market size, the total market has been split into several segments and subsegments and has been confirmed with key industry experts. The following figure depicts the breakdown of primaries conducted during the research study based on company, designation, and region.

The geotechnical instrumentation and monitoring market includes component manufacturers, such as Geokon, Incorporated (U.S.), Geotechnical Instrumentation (South Africa), RST Instruments Ltd. (Canada), and Nova Metrix LLC (U.S.); and service providers such as Fugro N.V. (Netherlands), Geocomp Corp. (U.S.), Nova Metrix LLC (U.S.), Keller Group plc (U.K.), and COWI A/S (Denmark).

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