Who are the leading manufacturers of Geotechnical Instrumentation and Monitoring tools and equipment in the market?

According to the new market research report "Geotechnical Instrumentation and Monitoring Market by Offering (Hardware & Software, and Services), Technology (Wired, Wireless), Structure (Tunnels & Bridges, Buildings & Utilities, Dams), Application, End User, and Geography - Global Forecast to 2024", the geotechnical instrumentation and monitoring (GTIM) market is expected to grow from USD 3.3 billion in 2019 to USD 5.0 billion by 2024, at a CAGR of 9.0%. Major factors fueling the demand for GTIM include the significant rise in infrastructure investments across various countries, stringent government regulations to make structures more sustainable and safe, increased awareness about benefits of GTIM tools, and failure of geotechnical structures results in loss of lives and destruction of infrastructure, as well as financial losses.

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APAC is expected to be fastest-growing market during forecast period

The GTIM market in Asia Pacific will grow at the highest rate due to the growing adoption of the geotechnical instrumentation and monitoring techniques for various projects in construction, energy & power, oil & gas, and mining verticals. Increased demand for GTIM tools and services from countries such as China, Japan, South Korea, and India will boost the GTIM market growth during the forecast period.

Key market players

Major vendors in the GTIM market include Fugro (Netherlands), Keller Group (UK), Nova Metrix LLC (US), Geokon Incorporated (US), and Geocomp Corporation (US), Sisgeo SRL (Italy), COWI A/S (Denmark), James Fisher and Sons (UK), Deep Excavation LLC (US).

Based on offering, the GTIM market is segmented as follows:

• Hardware and Software
  • Sensors
  • Piezometers
  • Inclinometers
  • Extensometers
  • Data Acquisition Systems (DASS)
  • Software
  • Others (Potentiometers,  Geophones, and Data loggers)
• Services

Based on networking technology, the GTIM market is segmented as follows:

• Wired technology
• Wireless technology

Based on structure, the GTIM market is segmented as follows:

• Tunnels & bridges
• Buildings & utilities
• Dams
• Others (mining facilities, pipelines, and landfills)

Based on Application, the GTIM market is segmented as follows:

• Measurement of pore water pressure
• Measurement of rock/soil stress
• Monitoring of lateral deformation
• Monitoring of vertical deformation

Based on end user, the GTIM market is segmented as follows:

• Building & infrastructure
• Energy & power
• Oil & gas
• Mining

Based on Region, the vision sensor market is segmented as follows:

• Americas
• Europe
• APAC
• RoW

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