Showing posts with label Geotechnical Instrumentation and Monitoring Market Share. Show all posts
Showing posts with label Geotechnical Instrumentation and Monitoring Market Share. Show all posts

How is Swift Infrastructural Development Driving Geotechnical Instrumentation and Monitoring Market?



The infrastructural development across the globe is increasing at a rapid pace. In 2017, the overall spending in the global construction industry was $11 trillion, which is predicted to increase to $13.5 trillion by the end of 2024. This growth of the construction industry is primarily being driven by development in countries including the U.S., China, and India, where China is projected to witness the fastest growth during 2019–2024.

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The reasons for this are the rising government spending on various transportation projects, such as road construction and high-speed railway lines. Since geotechnical instrumentation and monitoring is widely used for overseeing such projects, the demand for these solutions is growing as well.

A branch of geotechnical engineering, geotechnical instrumentation is used for referring to instruments which are utilized for monitoring geotechnical sites, structures, and the environment. The technology is of high importance for the success of any construction project, such as airports, dams, bridges, high-rise buildings, boreholes, seaports, deep excavation, and railways 

Owing to these factors, the global geotechnical instrumentation and monitoring market is predicted to generate a revenue of $6.1 billion in 2024, rising from $3.1 billion in 2018, progressing at a 11.8% CAGR during the forecast period (2019–2024).

Services, hardware, including wired and wireless, and software are the major components that are offered under this technology. Out of these, the demand for services was the highest in the past, which is because of the wide adoption of these services for continuously monitoring critical structures in the energy & power sector.

In addition to this, geotechnical instrumentation and monitoring services are also being utilized for monitoring old, critical structures, including dams, on account of government regulations. This is because of the consideration of safety of wildlife and humans.
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Geotechnical Instrumentation and Monitoring Market Insights, Share, Development and Forecast by 2024


Witnessing a CAGR of 11.8% during the forecast period (2019–2024), the global geotechnical instrumentation and monitoring market is predicted to generate a revenue of $6.1 billion by 2024.

The major contributors of the market growth are the consistent growth in the construction sector and the rising number of government regulations for infrastructural development. Another factor supporting the market growth is the rising demand for geotechnical instrumentation in the oil & gas sector.

Taking geography into consideration, the geotechnical instrumentation and monitoring market is expected to exhibit the fastest growth in the Asia-Pacific (APAC) region during the forecast period. This can be attributed to the rising number of infrastructure projects in emerging economies, especially India and China.

To counter the effects of economic slowdown, China is investing heavily in its infrastructure sector. With a total of $219.4 billion, the Chinese government has approved 27 projects since 2018. Therefore, the huge inflow of investments is indicative of the rising demand for geotechnical and monitoring services in the foreseeable future.

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In the APAC region, the highest demand for these instruments and services is being generated from South Asia due to rapid industrialization. The major factors behind this are the presence of upskilled workforce and the availability of cheap labor in the region.
Geotechnical Instrumentation and Monitoring Market Segmentation
Market Segmentation by Component
  • Hardware
    • Wired
    • Wireless
  • Software
  • Services
Market Segmentation by End User
  • Energy & Power
  • Building & Infrastructure
  • Oil & Gas
  • Mining
  • Others (Landfills and Disaster Response)


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