Report Ocean published a recovery-based report for Global Natural Disaster Detection IoT Market that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
Global Natural Disaster Detection IoT Market is valued at approximately USD 0.3 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 36.0% over the forecast period 2022-2029.
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Sensors that monitor factors such as volcanic activity, water levels, and barometric pressure gather data in close to real time using IoT devices. The sensors give early warnings for wildfires, tornadoes, volcanic activities, cloudbursts, and earthquakes. Additionally, any infrastructure, including critical infrastructure, can be protected through predictive maintenance. The Natural Disaster Detection IoT market is expanding because of factors such as use of IoT devices and sensors to predict disasters in advance, increasing government initiatives to use IoT in emergency planning, and reduction in damage and economic loss with disaster warnings.
The market is growing as a result of an increase in government initiatives to use IoT technology to handle natural disasters. To assist state, municipal, tribal, and territorial governments in responding to and recovering from catastrophic emergencies or disasters, the American Rescue Plan Act of 2021, for one, allots $50 billion to the Federal Emergency Management Agency’s Disaster Relief Fund. In the event that a natural disaster does strike, the combination of IoT-enabled analytics, devices, and networks will speed up intelligent decision-making and enhance total reaction times. National Centers for Environmental Information also claims that there were 18 weather/climate crisis incidents in 2022 that caused the United States to sustain losses of at least $1 billion apiece. Thus high cost of loss in the region is catering to the adoption of IoT technology in natural disaster management. Moreover, growing adoption of satellite remote sensing and GIS for disaster risk minimization and prevention and predictive analysis with AI and data analytics tools is creating lucrative growth opportunities in the market. However, vulnerabilities of IoT devices and inaccurate data entering AI systems stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Natural Disaster Detection IoT Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of preparedness for natural disasters with satellite IoT and rising government support. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising government support, and use of seismic monitoring and early warning system for natural disaster detection.
Major market players included in this report are:
Nec Corporation
Blackberry
Semtech
Sony
Nokia
SAP
Intel
Green Stream Technologies
Earth Networks
Responscity Systems
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Recent Developments in the Market:
In February 2022, a collaboration agreement between NEC and the City of Kawasaki in the Kanagawa Prefecture was formed addressing their cooperation and partnership in disaster-proof urban development based on digital technology. A Japanese municipality had never before taken such an unusual action.
In September 2022, an agreement was signed between Semtech and Sierra Wireless to build a comprehensive IoT platform and facilitate the transition to a smarter, more sustainable world.
Global Natural Disaster Detection IoT Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Component, Application, Communication System, End-User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Component offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Component:
Hardware
Solution
Software
By Application:
Flood Detection
Drought Detection
Wildfire Detection
Landslide Detection
Other
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By Communication System:
First Responder Tools
Satellite-Assisted Equipment
Vehicle-Ready Gateways
Emergency Response Radars
By End-User:
Government Organizations
Private Companies
Law Enforcement Agencies
Rescue Personnel
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Some Questions Answered in the Natural Disaster Detection IoT Market Report:
- What is the projected size of the global Natural Disaster Detection IoT market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Natural Disaster Detection IoT industry?
- What are the major market trends that are affecting the expansion of the Natural Disaster Detection IoT market?
- What obstacles must be overcome in order to achieve sustained growth in the Natural Disaster Detection IoT market?
- What opportunities and threats do vendors in the global Natural Disaster Detection IoT market face?
- What are the raw materials and manufacturing equipment used in the production of Natural Disaster Detection IoT, and what is the manufacturing process?
- What are the different types and applications of Natural Disaster Detection IoT, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Natural Disaster Detection IoT market?
- What factors are driving the growth of the Natural Disaster Detection IoT market in the top regions worldwide?
- Who are the major players in the global Natural Disaster Detection IoT market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Natural Disaster Detection IoT market?
- What are the main findings of a five forces analysis of the global Natural Disaster Detection IoT market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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