Geotechnical Instrumentation and Monitoring Market Revenue Intelligence Study

The geotechnical instrumentation and monitoring market is estimated to grow at a CAGR of 11.37% from 2017 to 2022 to reach USD 4.64 Billion by 2022. 

This report provides a detailed analysis of geotechnical instrumentation and monitoring market based on offering, network technology, structure, end user, and region. The service segment, among offerings, is projected to grow at the highest CAGR between 2017 and 2022.

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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.

Major players in the geotechnical instrumentation and monitoring market are Fugro N.V. (Netherlands), Keller Group plc (U.K.), Geokon, Incorporated (U.S.), Durham Geo Slope Indicator, Inc. (U.S.), Nova Metrix LLC (U.S.), Geocomp Corporation (U.S.), and Sisgeo Srl (Italy).

“The service segment is expected to lead the geotechnical instrumentation and monitoring market during the forecast period”

Among offerings, the service segment is projected to grow at the highest rate between 2017 and 2022. This is primarily due to the presence of a large number of companies offering geotechnical instrumentation and monitoring solutions and equipment for geotechnical projects. In addition, geotechnical instruments, once purchased, can be used in multiple projects or offered on rent, due to which the service segment has a larger market, and is expected to grow at the highest rate during the forecast period.

“The tunnels & bridges segment of the geotechnical instrumentation and monitoring market is expected to grow at the highest rate between 2017 and 2022”

Among structures, the tunnels & bridges segment is estimated to be the fastest-growing segment in the geotechnical instrumentation and monitoring market during the forecast period. Tunnels and bridges enable people to travel from one place to other, hence, the construction of these structures has always been in demand and is expected to continue in future as well. In addition, the upcoming projects of metro lines and subways in different parts of the world act as a major driving factor for the market.

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