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Fugro N.V. and Keller Group hold a significant share of over 15% in the geotechnical instrumentation and monitoring industry. Fugro N.V. holds a major share in the market due to its comprehensive range of services and advanced technology solutions in geotechnical, survey, subsea, and geoscience fields. Their global presence, extensive expertise, and strong emphasis on innovation and sustainability enable them to provide precise, reliable monitoring solutions, catering to complex engineering and construction challenges worldwide.
Keller Group maintains a major share in the geotechnical instrumentation and monitoring (GTIM) market due to its extensive experience, global reach, and specialized expertise in ground engineering and monitoring solutions. The company's innovative technologies, comprehensive service offerings, and reputation for delivering high-quality, cost-effective solutions have solidified its position as a trusted partner for complex geotechnical projects worldwide.
Major players operating in the industry are:
The wireless segment in the geotechnical instrumentation and monitoring industry is expected to reach over USD 3.5 billion by 2032, owing to the growth of the Internet of Things (IoT) and the development of smart infrastructure projects.
North America market accounted for a share of 30% in 2023, attributed to the increasing investments in infrastructure development and refurbishment projects.
The market size for geotechnical instrumentation and monitoring was valued at USD 4 billion in 2023 and is estimated to register 10% CAGR between 2024 and 2032, driven by the growing focus on the development of smart cities.
Fugro N.V., Keller Group, Nova Metrix LLC, Geokon Instruments, Inc., Geocomp Corporation, Sisgeo S.r.l. and COWI A/S