The global geotechnical instrumentation and monitoring market is anticipated to grow from USD 3.1 billion in 2021 and is estimated to reach USD 5.5 billion by 2027, registering a CAGR of 9.7% during the forecast period 2021-2027.

Geotechnical instrumentation and monitoring refer to the instrument that monitors the structure, process, and infrastructure during construction activity. It helps to validate the structural design and detects faults in advance to avoid risk. Thus, continuous monitoring and supervision of construction projects via geotechnical instrumentation and monitoring technology will improve the quality and accuracy of designed projects, provide safety, and protection.

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Asia-Pacific is anticipated to be the fastest-growing region in the geotechnical instrumentation and monitoring market owing to the upsurging investment in infrastructure and directives issued by the government for mandatory adoption of geotechnical instrumentation and monitoring for various structures. The increasing population in many Asia Pacific countries has led to robust urbanization that has led to the commencement of several infrastructure projects, thereby, driving the market growth.

North America is anticipated to have substantial growth in the geotechnical instrumentation and monitoring market owing to the existence of stringent government regulations for infrastructure development, resulting in monitoring the structural health of buildings in the region.

Fugro (Netherlands) was awarded a design, soil investigation, and monitoring contract for the Tiel-Waardenburg Dike reinforcement project by Mekante Diek. Fugro's scope of work majorly includes design services, consultancy, soil testing, and construction management.

Keller Group (UK) announced the acquisition of Recon Services (US), a geotechnical and industrial services company. This acquisition was not subjected to any regulatory approvals and was for an initial cash consideration of USD 23 million.

Some of the key players operating in the geotechnical instrumentation and monitoring market: Fugro, Keller Group plc, Nova Ventures, GEOKON, Geocomp Corporation, Deep Excavation LLC, Sisgeo S.r.l., James Fisher and Sons plc, Geotechnical Engineering Services, and RST Instruments Ltd.

Source: VynZ Research