Global Geotechnical Instrumentation and Monitoring Market By Offering(Hardware, Software, Services), By Technology(Wired, Wireless), Application, By End-User(Mining, Energy, Building & Infrastructure), By Region–Forecast & Opportunities to 2026
Report Description
The global geotechnical instrumentation and monitoring market accounted for a value of USD 3.1 billion in 2019. The global geotechnical instrumentation and monitoring market is estimated to grow at a CAGR of 7.5% during the forecast period.
COVID-19 has impacted GTIM market. The demand for such tools has been declined as the construction activities are stopped by lockdown. In 2020 it is expected to show a significant decline due to virus outbreak. The supply chain and timely delivery is difficult to achieve due to this global pandemic. The raw material supply is also facing difficulties. The reduction in fixed income due to corona virus and lockdown is another factor contraction of GTIM market. It will showcase some growth after resuming all the halted construction projects.
Definition:
Geotechnical instrumentation and monitoring are the instruments, which is used for monitoring geotechnical projects or other site in which there is requirement of such monitoring. For successful completion of geotechnical projects, GTIM tools are important. Critical projects such as slopes, tunnels and excavations demands geotechnical instrumentation and monitoring. Simpler projects may demand partial geotechnical instrumentation.
Market Dynamics (Drivers/Opportunities):
Developed infrastructure has a vast contribution in economic growth and productivity improvement. Developed infrastructure is also responsible for well-being of people in different ways and for regional development. Most countries across the globe focus on developing infrastructure and they are investing a heavy amount on the same. This is increasing demand for GTIM tools and drives growth in this sector.
US alone are investing USD 2 trillion in order to upgrade broadband, bridges, railroads and highways across the country. UK government has also invested USD 625 billion for national construction and infrastructure projects. All this projects required GTIM tools. Thus, drives growth in the GTIM sector.
Major countries of Asia-pacific region such as China and India, the rate of adoption of GTIM is increasing immensely. Asia-Pacific countries are densely populated and the governments in these countries are focusing on constructional and infrastructure developments for sustainable growth. This has created immense opportunities in GTIM sector in coming years.
Market Insights, by Offering
On the basis of offerings, the geotechnical instrumentation and monitoring market segmented into services and hardware & software. The service segment is projected to register growth at a highest CAGR during the forecast period. The major market players are dedicated to offer GTIM services and demand for service offerings is also increasing immensely. Thus drives growth in service offering in GTIM market.
Market Insights, by Networking Technology
On the basis of networking technology, the GTIM market is segmented into wired technology and wireless technology. The wired technology segment is estimated to register to growth at highest CAGR during the forecast period. The advantages of wired technology are reduction in attenuation of data, offers high bandwidth and provides high speed of operation. This technology serves a geotechnical purpose for measuring pore water pressure, underground pressure and slope & rock stability. All these factors are attributing growth in GTIM segment.
Market Insights, by End-User
On the basis of end-user, the geotechnical instrumentation and monitoring is segmented into mining, oil & gas, energy & power and building & infrastructure. The building & infrastructure segment accounted for maximum market share in 2019. It is estimated to continue its dominance over the GTIM market. The awareness about geotechnical instrumentation and monitoring technique’s benefits such as accurate data and real-time monitoring across the world is responsible for growth of GTIM market in building & infrastructure. The critical structures projects such as dams, bridges, tunnels and buildings that need close monitoring demands GTIM tools. This sector is an early adopter of GTIM. All these factors contribute to growth in this segment.
Regional Insights
Asia-Pacific region is estimated to register growth at highest CAGR during the forecast period. The rapid increase in industrialization is responsible for market growth in this region. The governments in many countries are also investing in developing the infrastructure. This is likely to boost building & infrastructure segment in coming years which drives growth for GTIM market in Asia-Pacific region. The adoption of GTIM tools is immensely increasing this region.
Key Companies & Market Share Insights
The key market players in GTIM market are Keller Group plc, Fugro, Nova Metrix, Geocomp Corp., Sisgeo S.r.l, GEOKON, RST Instruments Ltd., Deep Excavation, COWI A/S, James Fishr & Sons plc, Encardio-Rite Electronics, Geosense, Roctest Ltd., Eustis Engineering Llc and Wood Plc.
Segments Covered in the Report
This report forecasts The Global Geotechnical instrumentation & Monitoring Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2025. For the purpose of this study, Our Company has segmented the global geotechnical instrumentation and monitoring market report on the basis of offering, end-user
Geotechnical Instrumentation and Monitoring Market Size & Forecast (2017-2026)
- Research Framework
- Market Definition and Product Overview
- Market Segmentation
- Research Methodology
- Qualitative Research
- Primary & Secondary Sources
- Quantitative Research
- Primary & Secondary Sources
- Breakdown of Primary Research Respondents, By Region
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Industry Participants
- Market Size Estimation
- Assumption for the Study
- Market Breakdown & Data Triangulation
- Qualitative Research
- Executive Summary
- Market Snapshot
- Industry Insights
- Industry ecosystem analysis
- Value Chain Analysis
- Industry impact and forces
- Growth Drivers
- Challenges &Restraints
- Opportunities
- Disruptive Technological Analysis
- Regulatory framework
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Growth potential analysis, 2019
- Porter’s Five forces analysis
- Pricing Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Industry ecosystem analysis
- COVID – Impact Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- GTIM Market, By Offering , Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
- Introduction
- Services
- Hardware & Software
- GTIM Market, By Networking Technology, Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
- Introduction
- Wired Technology
- Wireless Technology
- GTIM Market, By End User, Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
- Introduction
- Mining
- Oil & Gas
- Energy & Power
- Building & Infrastructure
- GTIM Market, By Region, Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
- Introduction
- North America Market Size & Forecast To 2026
- Market Overview
- COVID-19 Impact
- By Offering
- By Networking Technology
- By End-User
- By Country
- USA
- By End-User
- Canada
- Mexico
- USA
- South America Market Size & Forecast To 2026
- Market Overview
- COVID-19 Impact
- By Offering
- By Networking Technology
- By End-User
- By Country
- Brazil
- By End-User
- Argentina
- Chile
- Rest of South America
- Brazil
- Europe Market Size & Forecast To 2026
- Market Overview
- COVID-19 Impact
- By Offering
- By Networking Technology
- By End-User
- By Country
- UK
- By End-User
- Germany
- France
- Italy
- Rest of Europe
- UK
- APAC Market Size & Forecast To 2026
- Market Overview
- COVID-19 Impact
- By Offering
- By Networking Technology
- By End-User
- By Country
- China
- By End-User
- India
- Japan
- South Korea
- Australia
- Rest of APAC
- China
- Middle East & Africa Market Size & Forecast To 2026
- Market Overview
- COVID-19 Impact
- By Offering
- By Networking Technology
- By End-User
- By Country
- Saudi Arabia
- By End-User
- UAE
- Qatar
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Saudi Arabia
- Competitive Landscaping
- Competitive Benchmarking
- Market Share Analysis, 2019
- Global Presence and Growth Strategies
- Mergers & Acquisitions
- New Product Launches
- Investments Trends
- R&D Initiatives
- Competitive Benchmarking
- Company Profile
- Wood Plc
- Company Overview
- Financial Overview
- Product Portfolio
- Recent Developments
- SWOT Analysis
- Strategic Outlook
- Keller Group plc
- Fugro
- Nova Metrix
- Geocomp Corp.
- Sisgeo S.r.l
- GEOKON
- RST Instruments Ltd.
- Deep Excavation
- COWI A/S
- James Fishr & Sons plc
- Encardio-Rite Electronics
- Geosense
- Roctest Ltd.
- Eustis Engineering Llc
- Wood Plc
- Appendix
- Interrelated Market
Research Methodology
The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.
To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.
The secondary research source that are typically referred to include, but are not limited to:
- Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
- Internal and external proprietary databases, relevant patent and regulatory databases
- National government documents, statistical databases and market reports
- News articles, press releases and web-casts specific to the companies operating in the market
The source for secondary research includes but is not limited to Factiva, Hoovers and Statista
We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:
- It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
- Helps in validating and strengthening the secondary research findings
- Further develops the analysis team’s expertise and market understanding
- Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
The participants who typically take part in such a process include, but are not limited to:
- Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
- Purchasing managers, technical personnel, distributors and resellers
- Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
- Key opinion leaders specializing in different areas corresponding to different industry end users
Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:
- Demographic data: Population split by segment
- Macro-economic indicators: GDP, etc.
- Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.
Data is then cross checked by the expert panel.
1.4.1 Company Share Analysis Model
Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:
1.4.2 Revenue Based Modeling
Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.
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