Environment monitoring is a process performed in order to study and observe the environment and thereby educate people about the environmental conditions and their harmful impact on human life. The new techniques of environmental monitoring could offer fresh opportunities for better environmental protection. An environment monitoring and sensing system comprises a portable ground, remote sensors, satellites & measurement, and model data. This technology finds usage in air pollution monitoring, forest fire detection, greenhouse gas, and landslide detection (GHG) monitoring. In the last decade, demand for environment monitoring and sensing devices has increased in a wide variety of applications. Those of remote sensing include mineral exploration, geology, oceanography, agriculture, and land degradation. The portable environment and monitoring system detects pollution that cannot be observed, which further affects health and causes life-threatening diseases.
The market is segmented on the basis of application into the air, water, soil, and noise categories. On a global level, air and water are the revenue-generating segments. Air holds a major market share globally and is expected to continue its progress due to concerns related to pollution which create further health issues. Governments are stepping ahead in support which is likely to drive the air segment globally. The water segment is anticipated to advance at a steady rate due to rising concerns related to health and aquatic life. Water sensors and monitors are being installed to detect water contamination and to check the level of impurities so that preventive measures can be taken accordingly. The growing requirement of water, economic activities, and improvements in lifestyle patterns are predicted to drive the environment monitoring and sensing market into a positive direction. The soil segment includes land degradation, agricultural patterns, mapping forest landscapes, and seismic sensing. It proposes an agricultural environment monitoring server system to monitor information related to outdoor agricultural production environment by using the wireless sensor network technology to enhance production quality and yield. The convergence and integration of IT with agricultural technology which further increases productivity is a driving factor for the environment monitoring and seismic market. The noise segment is also projected to expand in the future.
Any innovation in seismic technology & monitoring techniques and government initiatives are estimated to propel the environment monitoring and sensing market. Technical issues and bugs related to monitoring equipment and sensor applications and the high cost factor could be major restraints.
Geographically, the environment monitoring and sensing market can be distributed over North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is poised to account for a major market share because of the increasing government funding and initiatives in environmental monitoring technology networking, strict regulations by the U.S. Environmental Protection Agency on air quality standards, and growing government initiatives toward pollution prevention & control. The market in Europe is also anticipated to develop owing to the mature industrialization and stringent government norms on environment standards. Asia Pacific is predicted to reflect a healthy growth rate on account of the changing environmental policies and large-scale industrialization in the region. The environment monitoring & sensing market in Latin America and Middle East & Africa is estimated to witness growth as well.
Key players operating in the environment monitoring and sensing market include Aeroqual Limited, General Electric, HORIBA, Ltd., Insitu Inc, Thermo Fisher Scientific Inc., Agilent Technologies, Atlas Scientific, Honeywell International, Xylem Inc, and Sea-Bird Scientific.
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
- 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.