Geotechnical Sensors Market Size, Share, Growth, and Industry Analysis, By Type (Extensometers, Piezometers, Strain Gages, Thermometers and Others), By Application (Tunnels and Bridges, Buildings and Utilities, Dams and Levees and Others), Regional Insights, and Forecast 2024 To 2031

Updated On: 22 April 2024

Geotechnical Sensors Market Report Overview

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The global geotechnical sensors market size was USD 354.3 million in 2022 and is projected to touch USD 690.83 million by 2031, exhibiting a CAGR of 7.7% during the forecast period.

A geotechnical sensor is an instrument that measures the physical qualities of soil and rock. These data can help engineers determine how soil and rock will behave under various scenarios, such as when stressed by a building or other structure. Geotechnical sensors are critical for guaranteeing the safe and efficient construction of structures. The market for geotechnical sensors refers to the industry that makes and distributes sensors intended specifically for geotechnical applications. Geotechnical sensors are used in geotechnical engineering and construction projects to monitor and measure numerous factors linked to the behaviour and stability of soil, rock, and structures.

COVID-19 Impact: Imposed Restrictions in the Economy to Challenge and Decline the Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The industry participants also heavily rely on external market forces like rising mobile and tablet usage to seize development possibilities. But factors like the rising technological complexity will make it difficult for market participants to expand. Market vendors should concentrate more on the growth prospects in the fast-growing segments while preserving their positions in the slow-growing segments in order to take advantage of the chances and recover from the post COVID-19 impact.

LATEST TRENDS

"The Rising Advances in the Remote Sensing to Grow the Market Potentially"

Extensometers are commonly used to assess vertical earthquake movements or other ground movement, such as crustal movement generated by slow earthquakes. Because of their high sensitivity range of 0.01%FSR, which enables detect even minute movements with excellent accuracy over long distances, they are also used to monitor changes in level associated with water table rise or groundwater recharge, making them a perfect choice for remote sensing applications.

Geotechnical Sensors Market Segmentation

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• By Type

Based on type the market is classified as extensometers, piezometers, strain gages, thermometers and others.

The part shoeboxes shapes are the leading of all other types.

• By Application

Based on application the market is classified as tunnels and bridges, buildings and utilities, dams and levees and others.

The part retail is the leading type of the application segment.

DRIVING FACTORS

"The Increasing Usage in the Construction Activities to Boost the Market Growth "

These sensors are critical for acquiring data for geotechnical analysis, assessment, and monitoring of parameters such as soil moisture, pore pressure, temperature, strain, load, displacement, and acceleration. The data acquired by these sensors enables engineers and geotechnical experts to make educated decisions concerning the planning, construction, and upkeep of construction endeavours such as buildings, bridges, tunnels, dams, and highways. The geotechnical sensors market has grown significantly in recent years, owing to increased need for real-time monitoring and risk management in building and infrastructure projects.

Sensors on the market include piezometers, inclinometers, extensometers, strain gauges, tiltmeters, pressure cells, and accelerometers, amongst others.In the construction and infrastructure industries, there is an increasing demand for geotechnical sensors for monitoring and regulating various construction processes. Increasing public knowledge of the advantages of employing geotechnical sensors to improve the safety, efficiency, and quality of construction projects.

"Excellent Applications in the Tunnels, Bridges, Building and Utilities to Multiply the Network and Market Growth"

Tunnels and bridges are two of the more essential geotechnical sensors market components. These two components are used by geotechnical sensors to detect ground motion, which is an important feature of structural health monitoring (SHM). Tunnels and bridges' growth factor in the geotechnical sensors market is influenced by their utilization as a material to detect or monitor ground movement caused by construction operations, mining, and others.

The resources used to provide water, power, garbage removal, and other services are referred to as building and utilities. The building structure or shell (residential or commercial), service pipes that bring in utility items such as water from a borehole or gas from a pipeline network, and electrical wires for power supply are the three primary components. The third component consists of equipment that measures consumption data, such as meters, switches, and outlets.

RESTRAINING FACTORS

"Halt of the Construction Activities Due to the Advent of COVID-19 to Restrain the Market Growth"

Geotechnical sensors typically is utilized in most of the construction activities, of buildings, tunnels, bridges and other utilities. However, with the advent of novel coronavirus the sudden halt of the construction activities led to the downfall of the geotechnical sensors market share and restricted the market growth. Therefore, the slots due to its smaller size is restraining the geotechnical sensors market growth.

Geotechnical Sensors Market Regional Insights

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"Asia Pacific Region to Dominate the Market with Growing Network Infrastructure and IoT Adoption"

In 2017, North America led the global market. Due to extensive research and development operations done by key industry players for the adoption of innovative technologies in their goods, the region is predicted to grow at a significant pace of 4.6% over the forecast period. Furthermore, the number of construction projects in the United States of America is growing. Smart cities are likely to proliferate, driving the implementation of intelligent transport systems (ITS) that utilize geotechnical sensors for real-time traffic management and incident detection.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

The market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is an extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

List of Market Players Profiled

• Geokon (U.S.A)
• Keller Group (U.K)
• Nova Metrix (U.S.A)
• Roctest (Canada)
• Fugro N.V. (The Netherlands)
• RST Instruments (Canada)
• Geosense (U.K)
• Opsens Solutions (Canada)
• Campbell Scientific (U.S.A)
• SISGEO (Italy).

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study.The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.