Governments and the commercial sector increasing their investment to provide advance earthquake early warning systems

  • An earthquake early warning system is a combined solution of sensors, seismometer, communication devices, computers, and alarm systems to detect and notify the earthquakes movement, in order to reduce the physical damage.
  • The earthquake early warning system is primarily used in highly seismic active regions. Governments are adopting the earthquake early warning system to notify geologists and commercial sectors about the power of the earthquake and epicenter points.
  • Several solution providers are expected to develop advanced solutions such as virtual seismometers, finite-fault rupture detectors, and earthquake early warning displays to improve the performance and accuracy of the earthquake early warning system.
  • Governments and several private companies are installing earthquake early warning systems to protect infrastructure such as gas lines, fire stations, and elevators.
  • IT and manufacturing companies are expected to install earthquake early warning systems to protect their vulnerable infrastructure with automated shutdown procedures.
global earthquake early warning system market growth

To understand how our report can bring difference to your business strategy, Ask for a brochure

Key Drivers of the Earthquake Early Warning System Market

  • Most Asian countries such as China, Japan, and Indonesia, and North American countries such as the U.S. are highly impacted by earthquakes and tremors. Governments and manufacturing companies are adopting the earthquake early warning system to reduce the physical damage by providing prior warning about earthquakes. Increasing demand for security in residential and commercial sectors is expected to drive the market growth.
  • The increasing demand for earthquake early warning systems creates revenue opportunities for the other supporting component manufacturers such as sensors, monitors, and seismometers.

High installation and maintenance cost to impact the demand for earthquake early warning systems

  • The earthquake early warning system is an advanced technology to prevent physical damages during an earthquake. The cost of all technologically advanced equipment used for earthquake early warning systems is high as compared to other equipment used in conventional warning systems. It also requires regular maintenance to improve the performance, which is expected to increase the overall operation and maintenance cost.
global earthquake early warning system market dynamics

Stuck in a neck-to-neck competition with other brands? Request a custom report on “Earthquake Early Warning System Market ”

North America to hold major share of the global earthquake early warning system market

  • North America is expected to hold a prominent share of the earthquake early warning system market. In North America, most of the companies and governments are investing on earthquake early warning systems to improve the security of residential apartments, manufacturing units, and office premises during an earthquake.
  • The earthquake early warning system market in Asia Pacific is projected to expand at a prominent CAGR during the forecast period due to increasing demand for advance earthquake early warning systems in Asian countries, such as Indonesia, Taiwan, China, and Japan. Moreover, rise in construction activities in major Asia Pacific countries due to initiatives for smart city projects is expected to drive the demand for earthquake early warning systems.

Global Earthquake Early Warning System Market- Competitive Landscape   

  • In 2018, the California Integrated Seismic Network invested in an earthquake early warning system to improve prior notification system for earthquake.
  • In 2017, Pacific Northwest Seismic Network announced the integrated west coast earthquake early warning system to identify seismic activity to analyze and forecast an earthquake.
global earthquake early warning system market company

Key players operating in the global earthquake early warning system market:

  • Seismic AI

Seismic AI is a global provider of earthquake early warning systems. The company offers solutions integrating collected seismic detection technologies, machine learning, academic support, and extremely low latency. The company has a strong geographical network system to identify and provide notification about earthquakes at the regional and local level. It provides shake maps for better understanding of the earthquakes and epicenter point.

  • GeoSIG Ltd

GeoSIG Ltd. is a global provider of seismic, earthquake, static & dynamic monitoring, and earthquake measuring solutions. The company is a global leader in design and manufacturing of earthquake and vibration monitoring systems. It has a geographical presence in more than 100 countries across the globe and offers industrial facility seismic monitoring and shutdown systems, and structural health and response monitoring systems to improve the performance of the earthquake monitoring equipment.

Key players operating in the global earthquake early warning system market includes Kinemetrics, Inc., Seismic Warning Systems Inc., Zizmos, Inc., and JenLogix Ltd.

Global Earthquake Early Warning System Market: Research Scope

Global Earthquake Early Warning System Market, by Component

  • Hardware
  • Software
  • Services

Global Earthquake Early Warning System Market, by Application

  • Community
  • Commercial Infrastructure
  • Schools & Education Infrastructure
  • Chemical Plants
  • Manufacturing Plants
  • Nuclear Power Plant
  • Others

Global Earthquake Early Warning System Market Segmentation, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Russia
    • Italy
    • Spain
    • Nordics
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Singapore
    • Malaysia
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

Alternate Keywords

  • Earthquake warning system
  • Locating and measuring earthquakes solution

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Earthquake Early Warning System Market

Pre Book