Global Geotechnical Instrumentation & Monitoring Market Size, Share, Opportunities, And Trends By Product (Hardware, Software, Services), By Application (Building & Infrastructure, Power Generation, Mining, Others), And By Geography - Forecasts From 2024 To 2029

The global geotechnical instrumentation and monitoring market is expected to expand at a compound annual growth rate of 9.22% over the forecast period, reaching a market size of US$5.032 billion in 2029 from US$2.715 billion in 2022. 

Geotechnical, as the name suggests, is technology linked with the earth. Geotechnical instruments are equipment used to monitor the world and structures constructed over it, beneath it, and on it. The key idea is to monitor anything constructed and maintained on the surface of the Earth. Geotechnical monitors are the internal operating function of geotechnical instruments. These instruments and monitors are essential to survey the area before construction to know the feasibility of the land by noting the soil profile and groundwater level.

Unwanted soil can erode, causing collusion between buildings or mines, loss of lives, and economic losses. Monetization is continuous even after checking the profile and desirability while construction is going on to ensure that the structure is made as per the plans and expectations. After finishing the construction of buildings or mines, these instruments facilitate the location of cracks and weak spots for reconstruction/ strengthening to avoid potential disaster chances.

Hence, one can conclude that the prime factor in surging the demand for geotechnical instrumentation and monitoring is the booming construction industry worldwide. However, these instruments require a skilled workforce to operate and interpret the results, whose unavailability may hinder market growth.   

Global Geotechnical Instrumentation and Monitoring Market Drivers:

• Rising utilization in construction is anticipated to propel geotechnical instrumentation and monitor market growth.

Every civil engineering project requires continuous scrutiny pre- and post-construction to ensure the safety of the building inhabitants. Geotechnical monetization is, hence, the health check-up of the buildings and mines. In addition to surveying and construction, these monitors facilitate design verification and hypothesis testing. The collected data assists in modifying the model based on the requirement in the initial phase. Certain instruments help in monitoring the effect of construction and the speed of completing the project.

These monitors also provide safety warnings, allowing time for safe evacuation and remedial actions. Results from these instruments also work as evidence for the legal defense of designers and contractors. They also facilitate in-service performance and observe leakages, water pressure, deformation, etc.

• Increasing demand in the mining, building, and infrastructure sectors will drive the demand for geotechnical instruments and monitors.

The mining, building, and infrastructure sectors are anticipated to grow exponentially and dominate the market during the forecasted period. Surging population growth has skyrocketed the demand for accommodation and residential buildings. This, in turn, has increased the market size of the construction industry, which widely employs geotechnical instruments and monitors. The renovation and restructuring industry also contributes to the significant rise in market demand.

 Furthermore, surging infrastructure hazards have raised concerns among authorities, who have implemented strict rules for the monetization and safety of buildings, increasing the market demand for geotechnical instruments and monitors.

Global Geotechnical Instrumentation and Monitoring Market Restraint:

• The unavailability of a skilled workforce might constrain the market growth.

The forecasted market growth may be stifled by lacking a skilled labor force, as geotechnical instruments and monitors require skilled operators to operate and interpret their results. These instruments and monitors deliver the results of studies in codes, abbreviations, and complex maps that are hard to understand for a layman without technical knowledge and skills. Further, hiring these technicians costs more than hiring an unskilled or low-skilled worker. Hence, this may constrain the market growth. However, Companies are investing heavily in research and development to create easy-to-understand, convenient instruments for better understanding, even for low-skilled workers, due to their competitiveness.

Global Geotechnical Instrumentation and Monitoring Market Geographical Outlook

• The Middle East and the Asian Pacific region will grow fastest during the forecasted period.

The Middle East and the Asia Pacific region are predicted to grow exponentially owing to robust infrastructure development undertaken by the countries in the region. Moreover, infrastructure development and growth will boost market demand. According to National Development Fund data in Saudi Arabia, in 2022, the Kingdom announced 1,429 infrastructure development projects. These projects aim to improve water services, ensure sustainability, and expand water and sanitation network coverage.

Further, according to African Union Headquarters data, the African construction market is projected to grow at a CAGR of 6.4% from 2019-2024, making it a significant global player in the industry. Nigeria is expected to accelerate construction activity at a 4.6% CAGR to revitalize its economy and develop infrastructure. Ethiopia, at a 12.7% CAGR, is expected to be the best performer, with its construction industry continuing to grow alongside economic expansion. This growth in infrastructure will lead to a rise in demand for geotechnical instrumentation & monitoring devices in the years ahead.

Global Geotechnical Instrumentation and Monitoring Market Key Development:

• October 2023- Soil Instruments Limited launched Sensly, a revolutionary data monitoring software designed to replace the existing Argus platform. The software operates on a secure cloud platform and offers a range of features to cater to the evolving needs of geotechnical professionals. The intuitive and user-friendly interface ensures a seamless and efficient experience for users at all levels of expertise.
• June 2022- The Singapore Accreditation Council (SAC) expanded its Accreditation for Inspection Body Scheme to include Instrumentation & Monitoring (I&M) Works from 1 July 2022. The existing field under Site Investigation was renamed to Site Investigation and Instrumentation & Monitoring, ensuring competent inspection bodies carry out these works and are recognized by the Building Construction Authority.
• May 2022- Sercel acquired Geocomp Corporation, a provider of high-value services and products for geotechnical risk management and infrastructure monitoring. This allowed the company to access the US infrastructure market and accelerate the deployment of its S-lynks and S-scan solutions.

Global Geotechnical Instrumentation and Monitoring Market Players and Products:

• Micromate®- Instantel has the product Micromate®, a rugged and reliable monitoring unit for vibration, sound/noise level, and air overpressure. With zero dead time and 10 to 15 days of uninterrupted monitoring, it has 15 MB memory for up to 1,000 events and an extended 60 MB option. The unit is lightweight, portable, and features a high-resolution color touchscreen display and a built-in USB port for easy connection.

 

• BridgeStrike Detection System- Geocomp's Bridge Impact Detection System is an AI-powered bridge monitoring solution that accurately detects and records structural impacts. It notifies stakeholders via text and email and provides critical data and video footage. The system integrates with Geocomp's iSiteCentral® GIS platform, allowing real-time informed decision-making. It provides 24/7 services, with graphics and documents easily accessible via mobile or desktop apps.

Market Segmentation:

The global geotechnical instrumentation & monitoring market is segmented and analyzed as below:

• By Product 
  • Hardware
  • Software
  • Services
• By Application
  • Building and Infrastructure
  • Power Generation
  • Mining
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • Spain
    • United Kingdom
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits for the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. GLOBAL GEOTECHNICAL INSTRUMENTATION & MONITORING MARKET, BY PRODUCT

5.1. Introduction

5.2. Hardware

5.2.1. Market Opportunities and Trends

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Software

5.3.1. Market Opportunities and Trends

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Services

5.4.1. Market Opportunities and Trends

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

6. GLOBAL GEOTECHNICAL INSTRUMENTATION & MONITORING MARKET, BY APPLICATION

6.1. Introduction

6.2. Building and Infrastructure

6.2.1. Market Opportunities and Trends

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Power Generation

6.3.1. Market Opportunities and Trends

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Mining

6.4.1. Market Opportunities and Trends

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

6.5. Others

6.5.1. Market Opportunities and Trends

6.5.2. Growth Prospects

6.5.3. Geographic Lucrativeness

7. GLOBAL GEOTECHNICAL INSTRUMENTATION & MONITORING MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Product

7.2.2. By Application

7.2.3. By Country

7.2.3.1. United States

7.2.3.1.1. Market Opportunities and Trends

7.2.3.1.2. Growth Prospects

7.2.3.2. Canada

7.2.3.2.1. Market Opportunities and Trends

7.2.3.2.2. Growth Prospects

7.2.3.3. Mexico

7.2.3.3.1. Market Opportunities and Trends

7.2.3.3.2. Growth Prospects

7.3. South America

7.3.1. By Product

7.3.2. By Application

7.3.3. By Country 

7.3.3.1. Brazil

7.3.3.1.1. Market Opportunities and Trends

7.3.3.1.2. Growth Prospects

7.3.3.2. Argentina

7.3.3.2.1. Market Opportunities and Trends

7.3.3.2.2. Growth Prospects

7.3.3.3. Others

7.3.3.3.1. Market Opportunities and Trends

7.3.3.3.2. Growth Prospects

7.4. Europe

7.4.1. By Product

7.4.2. By Application

7.4.3. By Country

7.4.3.1. Germany

7.4.3.1.1. Market Opportunities and Trends

7.4.3.1.2. Growth Prospects

7.4.3.2. France

7.4.3.2.1. Market Opportunities and Trends

7.4.3.2.2. Growth Prospects

7.4.3.3. Spain

7.4.3.3.1. Market Opportunities and Trends

7.4.3.3.2. Growth Prospects

7.4.3.4. United Kingdom

7.4.3.4.1. Market Opportunities and Trends

7.4.3.4.2. Growth Prospects

7.4.3.5. Others

7.4.3.5.1. Market Opportunities and Trends

7.4.3.5.2. Growth Prospects

7.5. Middle East and Africa

7.5.1. By Product

7.5.2. By Application

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.1.1. Market Opportunities and Trends

7.5.3.1.2. Growth Prospects

7.5.3.2. South Africa

7.5.3.2.1. Market Opportunities and Trends

7.5.3.2.2. Growth Prospects

7.5.3.3. Others

7.5.3.3.1. Market Opportunities and Trends

7.5.3.3.2. Growth Prospects

7.6. Asia Pacific

7.6.1. By Product

7.6.2. By Application

7.6.3. By Country

7.6.3.1. China 

7.6.3.1.1. Market Opportunities and Trends

7.6.3.1.2. Growth Prospects

7.6.3.2. Japan

7.6.3.2.1. Market Opportunities and Trends

7.6.3.2.2. Growth Prospects

7.6.3.3. India

7.6.3.3.1. Market Opportunities and Trends

7.6.3.3.2. Growth Prospects

7.6.3.4. South Africa

7.6.3.4.1. Market Opportunities and Trends

7.6.3.4.2. Growth Prospects

7.6.3.5. Others

7.6.3.5.1. Market Opportunities and Trends

7.6.3.5.2. Growth Prospects

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Geokon

9.2. Deep Excavation LLC

9.3. Geocomp Corporation (Sercel)

9.4. Sisgeo S.r.l.

9.5. Eustis Engineering LLC

9.6. Nova Ventures

9.7. RST Instruments Ltd.

9.8. Keller Group plc

9.9. James Fisher and Sons plc

9.10. Encardio Rite

9.11. Instatel

Geokon

Deep Excavation LLC

Geocomp Corporation (Sercel)

Sisgeo S.r.l.

Eustis Engineering LLC

Nova Ventures

RST Instruments Ltd.

Keller Group plc

James Fisher and Sons plc

Encardio Rite

Instatel