Market Research Report

Global Earthquake Sensor Market Research Report: Forecast (2024-2030)

Earthquake Sensor Market Report - By Type (Normal, Intelligent), By End User (Residential Sector, Corporate Buildings, Educational Institutions, Infrastructure, Healthcare, Others)...and others. Read more

  • ICT & Electronics
  • Jan 2024
  • 192
  • PDF, Excel, PPT

Market Definition

Earthquake sensors are devices used for measuring the ground motion caused by seismic waves generated by an earthquake. They identify various types of seismic waves, including compressional, transverse, love, and Rayleigh. These sensors are used extensively for civil & military purposes.

Market Insights & Analysis: Global Earthquake Sensor Market (2024-30)

The Global Earthquake Sensor Market size is valued at USD 2.1 Billion in 2024 and is expected to reach USD 5.3 Billion by 2030, exhibiting a growth rate (CAGR) of 7.9% during the forecast period, i.e., 2024-30. The growth of the market is projected to be driven mainly by the increasing occurrences of earthquakes and their adverse effects on human lives, coupled with strong demand for seismic sensors from the military and technological advancements in sensor technology. In addition, the emergence of smart sensors that can be incorporated directly into machinery & other heavy equipment to stop operations after detecting seismic waves, coupled with increasing investments by governments of various countries in seismic hazard mitigation, i.e., the process of reducing the impact of earthquakes on infrastructure & human lives, are other notable factors projected to drive the market in the forecast period.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 7.9%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, Japan, South Korea, India, Indonesia, Philippines, New Zealand, Rest of Asia Pacific
South America: Brazil, Argentina, Chile, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Turkey, Rest of MEA
Key Companies Profiled Azbil, SignaGuard, Meisei Electric, Sercel, GEObit Instruments, Ubukata Industries, Colibrys, DJB Instruments, REF TEK, Güralp, Dynamic Technologies, QMI Manufacturing, SolGeo, Sensonics Ltd, MAE, and Others
Market Value (2024) USD 2.1 Billion
Market Value (2030) USD 5.3 Billion

 

Moreover, rising demand for DRM (Disaster Risk Management) services and declining costs of earthquake early warning systems are also projected to bode well for the market in the future. EEWS use sensors to detect incoming seismic waves and issue warnings to people so they can take appropriate measures beforehand in order to protect themselves & minimize damage. Several earthquake sensor systems are operational worldwide and have been proven successful in providing people with sufficient time to take cover before an earthquake hits.

With technological advancements, more sophisticated EEW systems have surfaced that can incorporate data from GPS & other sensors to provide more accurate warnings to people in the area of an impending earthquake and guide them on taking the necessary measures. Further developments in sensor technology and the use of AI to provide more accurate warnings are likely in the future, which, in turn, would spur growth in the Global Earthquake Sensor Market.


Global Earthquake Sensor Market Research Report: Forecast (2024-2030)

Global Earthquake Sensor Market Challenge:

Lack of Standardization, High Costs, & Technical Issues - Due to the absence of common standards for EEW systems, there's a lack of interoperability & compatibility between different systems. Plus, several people are not aware of the existence of these systems, i.e., another aspect that hampers their demand. In addition, EEW systems are highly expensive, which limits their large-scale deployment. Moreover, the issue of false alarms by EEW systems, less accurate detection, ineffective communication of warnings are some technical challenges that can cause panic and lead to people ignoring warnings when an actual earthquake occurs. Hence, these aspects are projected to hamper the growth of the Earthquake Sensor Market in the coming years.

Global Earthquake Sensor Market (2024-30): Segmentation Analysis

The Global Earthquake Sensor Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the global level. According to the analysis, the market has been further classified as:

Based on Type:

  • Normal
  • Intelligent

Of both, intelligent sensors are projected to gain traction in the Global Earthquake Sensor Market during 2024-30. These small in size & lightweight sensors use DSP (Digital Signal Processing) to detect variations in the amplitude and time waveform characteristics of seismic signals. Intelligent sensors can be connected to bridges, buildings, and other places and collect & analyze data to monitor seismic activities. Upon recognizing patterns that predict an earthquake, they immediately trigger alarms to government authorities & individuals on mobile devices. In addition, these devices can be linked to public announcement systems to warn individuals and guide them with the required steps to be taken.

Moreover, they can also communicate to central servers via smartphones, satellites, the internet, & other communication channels. Hence, on account of these benefits that help save lives, minimize the costs invested in relief measures, and simplify rescue operations for emergency services staff, intelligent earthquake detector systems are witnessing high demand worldwide and contributing to the overall earthquake sensor market growth.

Based on End User:

  • Residential Sector
  • Corporate Buildings
  • Educational Institutions
  • Infrastructure (Bridges, Dams, etc.)
  • Healthcare
  • Others (Energy & Utilities, Chemical Plants, etc.)

Here, corporate buildings hold a prominent earthquake sensor market share. The cost of earthquake detector systems is substantial, owing to which they are used mostly by corporates for monitoring the structural health conditions of buildings in order to prevent the loss of life and damage to infrastructural assets. Earthquake sensors detect a seismic event and automatically activate safety protocols like closing windows & doors or pulling people out of harm's way. Hence, the increasing establishment of office buildings worldwide is instigating the demand for earthquake sensors and, in turn, augmenting the overall market growth.

On the other hand, governments of different countries are encouraging the installation of earthquake sensors in residential apartments, especially high-rise buildings, and these devices are lightweight, small in size, and cost-effective. These aspects are augmenting the demand for earthquake sensors for households and, in turn, spurring growth in the global market.

Global Earthquake Sensor Market Regional Projection

Geographically, the Global Earthquake Sensor Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Of all regions globally, Asia-Pacific holds a majority share of the Earthquake Sensor Market as most countries across the region fall in highly active seismic zones. Significant advancements in sensor systems, frequent occurrences of earthquakes, and the presence of leading industry participants are other prominent aspects driving the market. Moreover, massive investments by countries China, Japan, & Indonesia in developing more efficient EEW (Earthquake Early Warning) systems, ever-increasing construction activities, and various ongoing smart city initiatives across different countries are also positively influencing the regional market growth.

The government of Japan has made it mandatory for all buildings to have an EEW system installed. China has set up a national earthquake early warning center and is rigorously working on a network of seismometers that can provide early warnings of earthquakes. Additionally, Indonesia is another country with an extensive network of seismometers and has developed an EEW app that the general public can use. Hence, these aspects are aiding in the expansion of the Asia-Pacific Earthquake Sensor Market.

Gain a Competitive Edge with Our Global Earthquake Sensor Market Report

  1. Global Earthquake Sensor Market Report by Markntel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps business organizations to gain a holistic understanding of market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing business organizations to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. Global Earthquake Sensor Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, business organizations can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Earthquake Sensor Market is expected to grow at a compound annual growth rate (CAGR) of around 7.9% from 2024 to 2030.

   A. The growing occurrences of earthquakes and their impact on human lives, coupled with technological advancement in seismic sensor technologies, are the prime aspects projected to drive the Earthquake Sensor Market during 2024-2030.

   A. Azbil, SignaGuard, Meisei Electric, Sercel, GEObit Instruments, Ubukata Industries, Colibrys, DJB Instruments, REF TEK, Güralp, Dynamic Technologies, QMI Manufacturing, SolGeo, Sensonics Ltd, MAE and others are the top companies in the Earthquake Sensor Market.

   A. Intelligent sensors would create lucrative prospects for the leading players in the Earthquake Sensor Market during 2024-30.

   A. Asia-Pacific would present growth prospects in the Earthquake Sensor Market during 2024-30.

   A. Earthquake Sensor Market size is valued at USD 2.1 Billion in 2024 and is expected to reach USD 5.3 Billion by 2030.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Earthquake Sensor Market Trends & Insights
  5. Global Earthquake Sensor Market Dynamics
    1. Growth Drivers
    2. Challenges
  6. Global Earthquake Sensor Market Hotspot & Opportunities
  7. Global Earthquake Sensor Market Policies & Regulations
  8. Global Earthquake Sensor Market Supply Chain Analysis
  9. Global Earthquake Sensor Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
    2. Market Share & Analysis
      1. By Type
        1. Normal
        2. Intelligent
      2. By End User
        1. Residential Sector
        2. Corporate Buildings
        3. Educational Institutions
        4. Infrastructure (Bridges, Dams, etc.)
        5. Healthcare
        6. Others (Energy and Utilities, Chemical Plants, etc.)
      3. By Region
        1. North America
        2. South America
        3. Europe     
        4. The Middle East & Africa
        5. Asia-Pacific
      4. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
  10. North America Earthquake Sensor Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By End User
      3. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    4. Canada Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    5. Mexico Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
  11. South America Earthquake Sensor Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By End User
      3. By Country
        1. Brazil
        2. Argentina
        3. Chile
        4. Rest of South America
    3. Brazil Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    4. Argentina Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    5. Chile Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
  12. Europe Earthquake Sensor Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By End User
      3. By Country
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. The UK Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    4. Germany Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    5. France Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    6. Italy Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    7. Spain Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
  13. The Middle East & Africa Earthquake Sensor Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By End User
      3. By Country
        1. The UAE
        2. Saudi Arabia
        3. South Africa
        4. Turkey
        5. Rest of Middle East & Africa
    3. The UAE Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    4. Saudi Arabia Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    5. South Africa Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    6. Turkey Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
  14. Asia-Pacific Earthquake Sensor Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenue (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By End User
      3. By Country
        1. China
        2. Japan
        3. South Korea
        4. India
        5. Indonesia
        6. Philippines
        7. New Zealand
        8. Rest of Asia Pacific
    3. China Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    4. Japan Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    5. South Korea Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    6. India Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    7. Indonesia Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    8. The Philippines Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
    9. New Zealand Earthquake Sensor Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenue (USD Million)
      2. Market Share & Analysis
        1. By Type
        2. By End User
  15. Global Earthquake Sensor Market Key Strategic Imperatives for Success & Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Azbil
      2. SignaGuard
      3. Meisei Electric
      4. Sercel
      5. GEObit Instruments
      6. Ubukata Industries
      7. Colibrys
      8. DJB Instruments
      9. REF TEK
      10. Güralp
      11. Dynamic Technologies
      12. QMI Manufacturing
      13. SolGeo
      14. Sensonics Ltd
      15. MAE
      16. Others
  17. Disclaimer


Earthquake Sensor Market Segmentation