The Natural Disaster Detection IoT Market worldwide is anticipated to grow from $0.3 billion in 2022 to $1.7 billion by 2027, with a 36.0% CAGR during the forecast period, according to new research report by MarketsandMarkets™ Increasing government initiatives to introduce IoT in emergency planning in upcoming years is driving the growth of the natural disaster detection IoT market.
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Natural Disaster Detection IoT Market Dynamics
Market Drivers
• Use of IoT devices and sensors to predict disasters in advance
• Reduction in damage and economic loss with disaster warnings
Market Restraints
• Vulnerabilities of IoT devices
• Inaccurate data entering AI system
Market Opportunities
• Growing adoption of satellite remote sensing and GIS for disaster risk minimization and prevention
• Predictive analysis with AI and data analytics tools
List of Top Companies in the market
• NEC Corporation (Japan)
• BlackBerry (Canada)
• Semtech (US)
• SAP (Germany)
• Sony (Japan)
• Nokia (Finland)
• Sadeem Technology (Saudi Arabia)
• Lumineye (US)
• Venti LLC (US)
• SimpliSafe (India)
• One Concern (US)
• OnSolve (US)
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Segment Analysis
Professional services offer optimization services and customized services and ensure operational proficiency, design support, solution validation, and knowledge management. Professional services include consulting, deployment and integration, support and maintenance, and training and simulation.
To benefit First Responders (FRs) with the latest technologies such as IoT, AI, and smart devices are offered to FRs and rescuers to create a safer, more efficient, and technologically advanced operating framework. Proposals are made covering the topics such as sense augmentation, precise positioning, cognitive support, multi-sense XR interfaces, and robust communications. Tools using technologies such as wearable technologies, training tools and applications, devices and tools to enhance human sensing, cognitive load management, situational awareness, operating teams' management, robust communications in adverse environments, technologies for victim detection, tools to enhance safety and efficiency of FRs, and cognitive load management are applied.
The government was using conventional technologies for emergency planning. IoT provides more efficient solutions when it comes to disaster management, and this can transform emergency planning. IoT in disaster management can help governments improve evacuation systems and relief mechanisms. Government organizations around the globe are expected to use IoT in disaster management systems for better planning and minimizing losses.
Regional Analysis
Asia Pacific consists of countries, such as Japan, China, India, Australia, and New Zealand. The countries in Asia Pacific region are projected to register high growth rates in the natural disaster detection IoT market. The region is expected to witness the highest CAGR during the forecast period. Countries such as China and Japan are taking several initiatives to deploy natural disaster detection IoT solutions.
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