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Geotechnical Instrumentation and Monitoring Market Trends

Report ID: GMI9011
Published Date: Apr 2024
Report Format: PDF

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Geotechnical Instrumentation and Monitoring Market Trends

There is a growing trend of integrating geotechnical instrumentation and monitoring systems with IoT technology, allowing for real-time monitoring and data analysis. IoT-enabled devices facilitate continuous & remote surveillance of structural health, soil conditions, and other critical parameters, enhancing the efficiency and responsiveness of GTIM systems. Moreover, integrating GTIM data with Building Information Modeling (BIM) systems is becoming more common. This integration allows for better planning, design, and management of construction projects by providing detailed insights into the geotechnical conditions of the site, thereby improving decision-making and project outcomes.

Increasing awareness of the risks associated with natural disasters, such as earthquakes, landslides, and floods, is driving the adoption of GTIM systems for risk assessment and disaster preparedness. These systems can provide critical data for early warning systems and help mitigate the potential impacts of geotechnical hazards.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

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.

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.

Fugro N.V., Keller Group, Nova Metrix LLC, Geokon Instruments, Inc., Geocomp Corporation, Sisgeo S.r.l. and COWI A/S