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

The growth of the market is attributed to the increasing infrastructural investment across various countries all over the world, catastrophic failure of structures resulting in loss of lives, stringent environmental regulations pertaining to the sustainability of structures, and increasing awareness and superior benefits of geotechnical instrumentation and monitoring.

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

Of all structural segments of geotechnical instrumentation and monitoring market, tunnels & bridges is the fastest-growing segment during the forecast period. Bridges and tunnels are important infrastructures and contribute majorly to the growth of a region. Geotechnical monitoring in tunnels is important due to the increased risks of cave-ins. Thus, it is necessary to monitor the safety of these structures with high precision.

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.

“The Americas is estimated to hold the largest share of the geotechnical instrumentation and monitoring market by 2022”

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).

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The Americas is estimated to have the largest share of the geotechnical instrumentation and monitoring market by 2022. The major reason for this large market share is the high number of projects that are implementing geotechnical instrumentation and monitoring solutions in the region. The Americas has always been the leader in implementing this technology and is very particular about the safety of its structures.

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