The geotechnical instrumentation and monitoring market (GTIM) is expected to grow from USD 3.3 billion in 2019 to USD 5.0 billion by 2024, growing at a CAGR of 9.0%. Factors driving the demand for these instruments include a significant rise in infrastructure investments across various countries; stringent government regulations to make structures more sustainable and safer; failure of geotechnical structures results in loss of lives and destruction of infrastructure, as well as financial losses; and increased awareness about benefits of GTIM tools.

• Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221101423
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
Recent developments
In February 2019, Fugro was awarded the site characterization project off the Dutch coast in the Netherlands.
In January 2019, Sisgeo SRL launched VK4200VCHP, an embedded vibrating wire strain gauge model. This product can be installed in deep piles up to 100 m. The gauge can resist up to 2.4 MPa fresh concrete pressure.
In September 2018, Sisgeo launched B.R.A.IN (Borehole Readout Array for INclinometers). It can turn a smartphone into a data logger. It can be used with the help of a mobile application. It is compatible with IOS and Android.
In September 2018, COWI A/S was awarded a contract to upgrade the structural health monitoring system on the Pont de Normandie Bridge in Northern France.
Services to account for larger share of the GTIM market, by offering, due to the need for technical expertise
Wireless technology will grow at faster rate for GTIM during forecast period.
APAC to exhibit fastest growth in GTIM market from 2019 to 2024
Asia Pacific (APAC) is expected to exhibit the highest CAGR during the forecast period. Major factors driving the growth of the GTIM market in APAC include the increased spending on infrastructure projects in developing countries such as China and India. Factors such as increased population and rapid urbanization have increased the use of structures such as bridges, buildings, highways, and tunnels. Countries such as China and South Korea have many skyscraper buildings. Moreover, India is increasingly adopting geotechnical instrumentation and monitoring solutions for projects related to geotechnical facilities such as tunnels, bridges, and dams. A few of the companies in APAC offering GTIM hardware components and services are Ryobi G (Singapore), Ace Instruments Co., Ltd. (Korea), Geotechnical Services Pty. Ltd. (Australia), Encardio-rite Electronics Pvt. Ltd. (India), Aimil Ltd. (India).

Fugro (Netherlands), Keller Group (UK), Nova Metrix LLC (US), Geokon Incorporated (US), and Geocomp Corporation (US) are among a few major players in the geotechnical instrumentation and monitoring (GTIM) market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441