Global Real Time Flood Monitoring and Warning System Market, By Component (Hardware, Software, Services), End User (Government, Media, Agriculture, Inland Fisheries, Transport and Logistics, Tourism and Outdoor Entertainment, Others) – Industry Trends and Forecast to 2029.
Real Time Flood Monitoring and Warning System Market Analysis and Size
The increasing awareness of the benefits of real-time flood monitoring and warning systems among various end-users such as government, media, agriculture, inland fisheries, transport & logistics, tourism and outdoor entertainment, and other sectors is primarily responsible for market growth.
Data Bridge Market Research analyses that the real time flood monitoring and warning system market was valued at USD 195.70 million in 2021 and is expected to reach the value of USD 319.05 million by 2029, at a CAGR of 6.30% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Real Time Flood Monitoring and Warning System Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Hardware, Software, Services), End User (Government, Media, Agriculture, Inland Fisheries, Transport and Logistics, Tourism and Outdoor Entertainment, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BioMérieux (France), Honeywell International Inc. (U.S.), Merck KGaA (Germany), Siemens (Germany), Forbes Marshall (India), HORIBA (Japan), Agilent Technologies Inc., (U.S.), Thermo Fisher Scientific (U.S.), Shimadzu Corporation (Japan), PerkinElmer Inc., (U.S.), 3M (U.S.), Emerson Electric Co. (U.S.), Sensors Inc. (Canada), Danaher (U.S.), Spectris (U.K.), TE Connectivity (Switzerland), Teledyne Technologies (U.S.), Raytheon Technologies Corporation (U.S.) and ams-OSRAM AG (Austria)
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Market Opportunities
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Market Definition
Floods are primarily caused by melting snow, torrential rain, or prolonged rainy weather, and they endanger both property and humans. First responders, such as emergency services, have the time they need to put mitigation and protection measures in place or to start the evacuation process thanks to the real-time flood monitoring and warning system. The real-time flood monitoring and warning system helps national and local authorities, including county councils, municipalities, and water providers, alert citizens to approaching flood occurrences and send teams to implement flood mitigation plans.
Global Real Time Flood Monitoring and Warning System Market Dynamics
Drivers
- Environmental imbalance and rising global warming
The global increase in natural disaster accidents drives the real-time flood monitoring and warning system market. Due to environmental imbalance and rising global warming, there is a rapid increase in the incidences of water-related natural disasters such as floods, etc. Real-time flood monitoring and warning systems are being developed to manage these disasters. Real-time flood monitoring and warning systems assist a country in lowering the disaster loss ratio in relation to overall GDP. Real-time flood monitoring and warning systems can detect the threat of impending floods, potentially reducing direct and indirect losses.
- High penetration of advance safety and security solution
The adoption of real-time flood monitoring and warning systems is probably being driven by the growing usage of various technologies, such as cloud computing and AI, as well as cutting-edge technology in numerous industries to deliver notification alerts to end users. The real-time flood monitoring & warning system market is predicted to increase over the course of the forecast period as a result of the expanding adoption of wireless networks for mobile devices.
Rising penetration of advance safety and security solutions in the military & defence sector to provide reliable information about flood incidents and warning alerts on military software systems is estimated to propel the real-time flood monitoring & warning system market during the forecast period.
Opportunity
When compared to other environmental monitoring systems, the cost-benefit ratio of a real-time flood monitoring and warning system is high, acting as key drivers that would trigger growth in the real-time flood monitoring and warning system market. Furthermore, the rising government focus on flood prevention is creating ample opportunities for the growth of the real-time flood monitoring and warning system market during the forecast period.
Restraints
However, in the event of a sudden shock, sensors may not always provide accurate readings, and these sensors may be damaged during an impetuous reading, hampered the growth of the real-time flood monitoring and warning system market during the forecast period.
This real time flood monitoring and warning system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the real time flood monitoring and warning system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Real Time Flood Monitoring and Warning System Market
The COVID-19 pandemic had a positive impact on the real time flood monitoring and warning system market. It helped millions of people globally in leveraging advanced tools for various applications, especially in disaster management. SAS Institute Inc., OTT Hydromet, Libelium, Intellisense Systems, Inc., Arteria Technologies Private Limited, and Biz4intellia Inc. are key players in the real-time flood monitoring & warning system market, focusing on alternative distribution channels such as online sales to further strengthen their market presence globally. Furthermore, market participants are focusing on inorganic growth strategies such as strategic collaborations and mergers and acquisitions with technology partners to improve their offerings and market reach.
Recent Development
- In March 2021, Swiss Re, one of the market leaders in real-time flood monitoring and warning systems, partnered with the ICEYE radar satellite to advance its flood risk management system.
- In February 2021 High Sierra Electronics, a market leader in real-time flood monitoring and warning systems, will launch an innovative new remote erosion monitoring system for levees.
- In August 2020, TERI launched a flood and heavy rain warning system for Guwahati city in India in collaboration with NDMA.
- In October 2019, Pessl Instruments GmbH, a key player in the real-time flood monitoring & warning system market entered into collaboration with Hiber to supply high-end weather stations for remote areas.
Global Real Time Flood Monitoring and Warning System Market Scope
The real time flood monitoring and warning system market is segmented on the basis of component and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Hardware
- Sensors
- Data loggers
- Others
- Software
- Data Processing Software
- Services
- Integration and installation services
- Training services
- Professional services
End user vertical
- Government
- Media
- Agriculture
- Inland Fisheries
- Transport and Logistics
- Tourism and Outdoor Entertainment
- Others
Real Time Flood Monitoring and Warning System Market Regional Analysis/Insights
The real time flood monitoring and warning system market is analysed and market size insights and trends are provided by country, component and end user as referenced above.
The countries covered in the real time flood monitoring and warning system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North American real-time flood monitoring and warning system market is expected to be the largest. In the global real-time flood monitoring & warning system market, there is a significant presence of market players. Rapid advancements and innovations in manufacturing technologies drive the North America real-time flood monitoring & warning system market. These technologies boost the effectiveness of warning systems.
Government investments in the installation of real-time flood monitoring and warning systems in developing countries such as India, China, and Japan are driving market growth in the Asia-Pacific region. There is an increasing demand for real-time flood monitoring and warning systems to reduce losses and risks associated with floods and other natural disasters.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Real Time Flood Monitoring and Warning System Market Share Analysis
The real time flood monitoring and warning system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to real time flood monitoring and warning system market.
Some of the major players operating in the real time flood monitoring and warning system market are:
- BioMérieux (France)
- Honeywell International Inc. (U.S.)
- Merck KGaA (Germany)
- Siemens (Germany)
- Forbes Marshall (India)
- HORIBA (Japan)
- Agilent Technologies Inc., (U.S.)
- Thermo Fisher Scientific (U.S.)
- Shimadzu Corporation (Japan)
- PerkinElmer Inc., (U.S.)
- 3M (U.S.)
- Emerson Electric Co. (U.S.)
- Sensors Inc. (Canada)
- Danaher (U.S.)
- Spectris (U.K.)
- TE Connectivity (Switzerland)
- Teledyne Technologies (U.S.)
- Raytheon Technologies Corporation (U.S.)
- ams-OSRAM AG (Austria)
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