Home Technology Earthquake Early Warning Systems Market Size, Share, Growth, Analysis 2031

Earthquake Early Warning Systems Market

Earthquake Early Warning Systems Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By End-User (Agriculture and Fisheries, Transportation and Logistics, Marine, Energy and Utilities, Media and Entertainment, Government, Broadcast and Telecommunication, Others (Construction, Chemical Plants)) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Report Code: SRTE55928DR
Study Period 2019-2031 CAGR 6.1%
Historical Period 2019-2021 Forecast Period 2023-2031
Base Year 2022 Base Year Market Size USD XX.X billion
Forecast Year 2031 Forecast Year Market Size USD 2.2 billion
Largest Market North America Fastest Growing Market Europe
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Market Overview

The global earthquake early warning systems market size is projected to reach USD 2.2 billion by 2031, registering a CAGR of 6.1% during the forecast period (2023-2031). Increased government focus on earthquake and other natural disaster mitigation also propels the market share of the earthquake early warning system.

Earthquake Early Warning Systems are critical for informing individuals, companies, and infrastructure systems of an impending earthquake. The goal is to reduce the severity of earthquakes by providing individuals and systems with seconds to minutes of notice before more damaging seismic waves arrive. These systems detect early seismic waves (P-waves), which travel faster than more damaging waves (S-waves and surface waves).

As a result, increased installation of these systems in various locations supports the earthquake early warning system market growth throughout the forecast period. Furthermore, the focus on innovation and the use of emerging technology to improve the efficiency of existing earthquake early warning systems, as well as increase the installation of earthquake early warning systems in developing and developed countries, are expected to influence the demand for earthquake early warning system market in the coming years.

Highlights

  • Hardware accounts for the largest share of the market by component.
  • The government is the major end-user of the market.
  • North America dominates the global market.

Market Dynamics

Global Earthquake Early Warning Systems Market Drivers

Government Initiatives and Regulations

The role of government initiatives and laws in driving the development of earthquake early warning systems (EEWS) is critical. Recognizing the potential impact of earthquakes on public safety and infrastructure, several governments have taken proactive steps to set up and support these systems as part of their overall disaster risk reduction efforts. Japan, Taiwan, and South Korea will all have nationwide seismic early warning systems by 2023. Other countries and regions' deployment is limited. In 2021, Japan's catastrophe prevention budget was around 1.1 trillion Japanese yen. The budget for 2022 was anticipated to be about 542.72 billion yen. For decades, Japan has been preparing for earthquakes. Japan passed the Disaster Countermeasures Basic Act in 1961, increasing its expenditure and planning for earthquakes and floods. 

According to the USGS, Japan possesses the world's most advanced early warning systems. Since 2007, the Japan Meteorological Agency (JMA) has issued weather warnings. The Earthquake Early Warning System (JMA) of the Japan Meteorological Agency (JMA) sends signals as soon as an earthquake begins. When a P-wave is identified by two or more of Japan's 4,235 seismometers, the system evaluates and predicts the location of the earthquake's epicenter. Compared to the 1950s and 1960s, Japan's early warning systems resulted in a 97% reduction in mortality and a 21% reduction in overall economic damages from natural disasters in 2020. Government-led initiatives have a significant impact on the widespread use of EEWS. Regulatory assistance guarantees that essential industries, such as public safety, transportation, and healthcare, implement these systems. Government financial support improves the sustainability and effectiveness of EEWS, contributing to a positive outlook for the Earthquake Early Warning Systems Market trend.

Global Earthquake Early Warning Systems Market Restraints

High Implementation Cost

The high installation costs of earthquake early warning systems (EEWS) present a considerable problem, especially for regions and countries with limited financial resources. The expenditures include seismic sensor installation and maintenance, communication infrastructure construction, and continuous operational expenses. Implementing comprehensive EEWS can be difficult in areas with prevalent seismic activity but limited financial resources. For example, many impoverished countries need help installing traditional earthquake warning systems due to the high cost of traditional EEW systems and restricted funds. These countries include the Philippines, Indonesia, Afghanistan, India, Burma, Ghana, Nigeria, Columbia, Venezuela, and Bolivia.

According to a 2017 estimate, establishing an earthquake warning system in the western United States costs around USD 38 million for start-up expenditures and USD 16.1 million per year for operations. However, expenses frequently exceed initial budgets, necessitating additional money to complete and sustain initiatives. As a result of financial constraints, sensor coverage may be limited, lowering the usefulness of the early warning system, particularly in distant or economically disadvantaged areas. Due to the time required to secure financing and provide resources, some locations may encounter delays in establishing EEWS.

Global Earthquake Early Warning Systems Market Opportunity

Expansion in High-Risk Regions

There are opportunities for EEWS expansion in high-risk seismic zones, particularly in areas prone to major earthquakes. Governments and organizations in earthquake-prone areas might invest in early warning infrastructure to improve readiness and lessen the impact of seismic occurrences. Due to the success of Japan's EEWS, other earthquake-prone areas are considering similar expansions. The United States, for example, has been working on the ShakeAlert system, which aims to offer warnings for California, Oregon, and Washington. This extension reflects the increased importance of EEWS in seismically active areas. The spread of EEWS is gaining traction in developing regions with a history of significant seismic events. Countries such as Mexico and Turkey, for example, have taken steps to improve their early warning capacities, realizing the need to safeguard their citizens from the devastation caused by earthquakes. Mexico has strengthened its earthquake early warning systems by installing over 40,000 NWR-SAME-SARMEX receivers in public schools throughout Mexico City. 

Hence, the growth of EEWS contributes to reduced earthquake casualties and economic losses. Early warnings enable the deployment of preventive actions, such as the shutdown of vital infrastructure and the start of evacuation procedures. Collaboration with international organizations, adjacent countries, and global projects is frequently used to expand EEWS. This alliance promotes knowledge exchange, technological transfer, and a united strategy to reduce earthquake risk.

Regional Analysis

The global earthquake early warning systems market analysis is conducted in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.

North America Dominates the Global Market

North America is the most significant global earthquake early warning systems market shareholder and is estimated to grow at a CAGR of 6.2% over the forecast period. North America's earthquake early warning system market will provide the most revenue. It is expected to continue its dominance in the target market during the forecast period. Financing from both the state and federal governments, various groups are focused on innovation and developing technologies to improve the efficiency of existing earthquake early warning systems. The United States is at a high risk of earthquakes due to its geological features and tectonic activity. The country runs along numerous fault lines, including the San Andreas Fault in California and the New Madrid Seismic Zone in the center. 

For example, California announced in October 2019 the introduction of a newly created first-of-its-kind earthquake early warning system that will connect to a mobile application and provide traditional warnings, including wireless emergency alerts (WEA) and warning distribution methods. This earthquake early warning system, designed by a team of seismologists and engineers from Berkeley and the University of California, will alert communities via smartphone if the earthquake's magnitude reaches 4.5, a model that has made significant gains in countries such as Mexico. Furthermore, from 2006 to 2021, the USGS spent an estimated USD 132 million on earthquake early warning (EEW) efforts. Between 2012 and 2021, non-federal partners contributed an additional USD 84 million. 

Similarly, Mexico's early warning system, Sistema de Alerta Ssmica Mexicano (SASMEX), is a network of sensors along the country's West Coast that may send signals within seconds of an earthquake. SASMEX is the world's first system to provide early warning messages for public earthquakes. Furthermore, the US Agency for International Development (USAID) funded Grillo in 2020 to place sensors around the Mexican coastline and in Chile. Traditional seismometers cost around USD 10,000, while the sensors cost roughly USD 300. Grillo can have a more significant density of sensors due to the reduced cost, which decreases the time required to deliver an alarm.

Europe is anticipated to exhibit a CAGR of 6.5% over the forecast period. The European region is expected to develop fastest in the target market due to multiple parts of Europe experiencing low impacts from moderate earthquakes, resulting in significant losses, according to earthquake early warning systems market insights. This element has motivated European multi-nation governments to focus on building and implementing earthquake early warning systems. Even though Europe has been at the forefront of seismic network and station deployment for several decades, the deployment of high-quality and cutting-edge seismic networks has shifted in recent years, with several market players increasingly focusing on algorithmic improvements and improving the reliability of their earthquake early warning systems.

In addition, the European Alert System sends seismic alerts to members of the EUR-OPA Major Hazards Agreement of the Council of Europe. A public earthquake early warning system in Greece and Italy, according to 2022 research, might provide citizens with essential seconds' notice of a catastrophic earthquake. Germany also supports the Sendai Framework for Disaster Risk Reduction, a global disaster-reduction strategy. The German government will pay €5 million over the following three years to implement the framework. 

The Asia-Pacific region, characterized by high seismic activity and earthquake vulnerability, has been aggressively investing in Earthquake Early Warning Systems (EEWS) to improve public safety and lessen the impact of seismic disasters. Since Japan is situated on the world's most active earthquake belt, it experiences more earthquakes than virtually anywhere else. The country experiences approximately 1,500 earthquakes annually, which are too minor to be felt.

As a result, following the 1995 Kobe earthquake, Japan committed USD 1 billion in research and development for earthquake early warning systems (EEWS). The Japan Meteorological Society created the EEWS in 2007, which detects seismic waves using seismographs. The J-Alert system may also send notifications to televisions, radios, and cell phones. Japan's earthquake preparedness leadership has impacted the Asia-Pacific region, prompting other countries to invest in comparable early warning systems. 

Report Scope

Report Metric Details
Segmentations
By Component
  1. Hardware
    1. Accelerometers
    2. Seismometers
    3. Alarm System
    4. GPS Module
    5. Storm Sensing System
    6. Others (Power Supply Module, Indication Module)
  2. Software
  3. Services
    1. Support and Maintenance
    2. Training and Consulting
    3. System Integration
By End-User
  1. Agriculture and Fisheries
  2. Transportation and Logistics
  3. Marine
  4. Energy and Utilities
  5. Media and Entertainment
  6. Government
  7. Broadcast and Telecommunication
  8. Others (Construction, Chemical Plants)
Company Profiles Early Warning Labs LLC GeoSIG Ltd Güralp Systems Ltd. Jenlogix Kinemetrics Inc. Nanometrics Inc. Reftek Systems Inc. San Lien SeismicAI SkyAlert Trimble Inc. Zizmos
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Singapore Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

The global earthquake early warning systems market is segmented based on component, end-user, and region.

The component is further segmented into Hardware, Software, and Services.

Hardware accounts for the largest share of the market. Hardware dominated the earthquake early warning system market due to the increasing number of hardware vendors worldwide. 

The physical infrastructure of EEWS comprises hardware components such as seismic sensors, communication devices, and data processing units. Seismic sensors detect the first P-waves, which the hardware processes and transmits for further analysis. The dependability and sensitivity of hardware components are crucial for accurate and timely earthquake detection, ensuring that alerts are provided on time.

Algorithms, data processing software, and decision-making systems comprise the software components that evaluate incoming seismic data. Sophisticated software is required to discriminate between typical ground vibrations and seismic waves, determine earthquake size and location, and issue correct notifications. The software's efficiency directly impacts the speed and accuracy of the EEWS, enabling timely warnings to be distributed to potentially affected areas.

The market can be further bifurcated by end-users into Agriculture and fisheries, Transportation and logistics, Marine, Energy and utilities, Media and entertainment, Government, Broadcast, and telecommunication.

The government is the major end-user of the market. The government will dominate the market throughout the forecast period due to increased attention to earthquake and other natural catastrophe mitigation. Governments use EEWS at all levels to improve public safety, coordinate emergency responses, and reduce the impact of earthquakes on communities. Early warnings enable authorities to establish evacuation preparations, deploy emergency services, and adequately manage resources. EEWS is a critical instrument for disaster risk reduction and emergency response. For example, the National Earthquake Hazards Reduction Program (NEHRP) was founded in 1977 to lower the hazards of future earthquakes in the United States.

The agriculture and fisheries sectors use EEWS to protect crops, animals, and aquaculture facilities. Early earthquake warnings allow farmers and fisheries to take precautionary measures, secure equipment, and safeguard vital resources. This industry benefits from advanced warnings to prevent production disruptions and associated economic losses.

Market Size By Component

Recent Developments

Top Key Players

Early Warning Labs LLC GeoSIG Ltd Güralp Systems Ltd. Jenlogix Kinemetrics Inc. Nanometrics Inc. Reftek Systems Inc. San Lien SeismicAI SkyAlert Trimble Inc. Zizmos Others

Frequently Asked Questions (FAQs)

How big is the Earthquake Early Warning Systems Market?
The global earthquake early warning systems market size is projected to reach USD 2.2 billion by 2031, registering a CAGR of 6.1% during the forecast period (2023-2031). Increased government focus on earthquake and other natural disaster mitigation also propels the market share of the earthquake early warning system.
North America region has the highest growth rate in the Earthquake Early Warning Systems Market.
Expansion in High-Risk Regions are one of the key opportunities in Earthquake Early Warning Systems Market.
Government Initiatives and Regulations are some key drivers supporting the growth of the Earthquake Early Warning Systems Market.
The global earthquake early warning systems market is segmented based on component, end-user, and region.


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