Global Real-time Flood Monitoring and Warning System Market Overview

Real-Time Flood Monitoring and Warning System Market size was valued at $ 222.38 million in 2023, and is projected to reach $ 391,97 million by 2032, registering a CAGR of 6.50% from 2024 to 2032.

Flooding is a situation referred to the water from a river or rain covers large areas of land. It is also called a temporary increase in the water level, as in a river or lake or along a seacoast, resulting in its disclosing over and out of its natural or artificial impound onto normally dry land. Moreover, a flood monitoring and warning system using a real-time sensor are one of the flood controls measures. This system not only monitors the flood but also has some admonition or alert mechanism to alert people. Losses owing to flooding can be declined by measures such as forecasting, evaluation, simulation, and monitoring, of water level. Furthermore, one of the measuring flood systems is using a wireless sensor and web-based decision support system in controlling, monitoring, assessing, and relieving natural disasters, especially flood disasters.

The Real-time Flood Monitoring and Warning System supports national and local administrations such as municipalities, county councils, and water suppliers to alert residents about forthcoming flood events and to consign teams to apply flood mitigation plans. Furthermore, as long as the year 2000 through to the end of 2018, a total of 5,338 Water-Related Disasters (WRD) have been revealed and led to over 326,000 mortality and economic losses of more than USD 1.7 trillion worldwide. Floods were recorded for about 54 % of all WRDs. Asia appears to be the harmfully hit continent, with 41% of all flood disaster events, followed by Africa (23%), the Americas (21%), Europe (13%), and Oceania (3%).

COVID-19 Impact on Real-time Flood Monitoring and Warning System Market

Real-time flood monitoring & warning systems are acting as an important role during the COVID-19 pandemic. In July 2020 in India, the Patna-based Flood Management Improvement Support Centre (FMISC) has been gaining recognition for using real-time data through the Geo-Information System (GIS) software to overcome the damage owing to flash floods. Such early warning systems are attaining importance during the COVID-19 pandemic since healthcare institutions are already compromised owing to the high number of active infection cases. Revenue flow in the real-time flood monitoring & warning system market is observing a stumble growth, due to interruptions in investment for new technology development and declined expenditure of end-users. Therefore, players in the real-time flood monitoring & warning system market are targeting major sectors such as agriculture, government, tourism, and among others, to keep economies running.

Market Dynamics and Forecast of the Real-time Flood Monitoring and Warning System Market

Drivers:

Governments of some economies over the globe are targeting preventive steps to address natural disasters such as floods and earthquakes. Key customers of real-time flood monitoring systems across the world are public organizations and the government. Governments of different nations are applying real-time flood monitoring & warning systems to overcome the risk of loss and manage such environmental problems. For example, in July 2020, the U.K. Government introduced a long-term plan to protect homes and businesses in the country from flooding and coastal erosion. The Government will invest about US$ 6.94 Bn to experience the flooding situation.

Furthermore, primarily end-users of real-time flood monitoring & warning systems are community groups, governments, and other public groups who have the major responsibility to deal with public issues. Therefore, raised the requirement to prevent floods and proper measures needed previous to their occurrence are accelerating the demand for real-time flood monitoring & warning systems. The influence of this driver is anticipated to be major in the short and medium-term, as governments are rising the installation of real-time flood monitoring & warning systems rapidly to overcome the probable loss.

Restraints:

Lack of functioning of sensors during dust layering and sudden shock may restraint market growth. The structure of real-time flood monitoring & warning systems includes sensors as one of the key products for sending signals to the end-user. Nevertheless, in a state of sudden shock, sensors may not always provide the correct reading. There is a high probability that sensors may be harmed during an impulsive reading. This may hinder the structure and outcome of real-time flood monitoring & warning systems.

Although sensor producers are targeting the development of sensors, which can work in continuous harsh environments, the risk of damage and malfunction always exists owing to the environment. The impact of this driver is anticipated to be medium in the short and medium-term, and low in the long term, as advancements in technology would lead to an improvement of the sensor technology, which may reduce the problem of dust as well as a sudden shock.

Furthermore, in the position of sudden shock, sensors may not always provide proper readings and also these sensors might get harmed at the time of an impulsive reading which will restraint the growth of the real-time flood monitoring and warning system market over the forecast period.

Opportunities:

Growing government initiatives on preventive steps associated with floods are fostering suitable opportunities for the growth of the real-time flood monitoring and warning system market during the forecast period.

Market Segmentation

Segmentation Analysis of Real-time Flood Monitoring and Warning System Market:

Based on Application, the government segment is expected to dominate the market during the forecast period. Governments are using and emerging real-time flood monitoring and warning systems as they face huge economic as well as a human loss by flooding. The cost-benefit ratio of a real-time flood monitoring and warning system is more as compared to other environmental monitoring systems.

Regional Analysis for Real-time Flood Monitoring and Warning System Market:

North America region dominates the real-time flood monitoring and warning system market owing to huge economic losses along with the loss of life due to flooding in the coastal areas in the region.

The Asia Pacific is anticipated to witnessing the higher growth in the real-time flood monitoring and warning system market, including India, Japan, and China being the major markets in the region. Moreover, the massive number of flood-prone areas, as well as inappropriate infrastructure in the region, are responsible to gain market over the forecast period. The governments of various economies in APAC as well as across the globe have raised their emphasis on taking preventive steps to deal with natural disasters such as floods and earthquakes. Key customers of real-time flood monitoring and warning systems are government and public organizations worldwide. The governments of major economies are implementing real-time flood monitoring and warning systems to survive natural disasters and overcome loss and risk. This raised requirement to defend floods and take the right measures before their occurrence is rising the demand for real-time flood monitoring and warning systems.

The real-time flood monitoring and warning system markets in Europe, Latin America, and MEA are also anticipated to rise rapidly during the projected period.

Players Covered in Real-time Flood Monitoring and Warning System Market are:

• Pessl Instruments
• Hydro International UK Ltd.
• Campbell Scientific Inc.
• Arteria Technologies Private Limited
• HWM-Water
• High Sierra Electronics Inc.
• Valarm
• Hanwell Solutions Ltd.
• Lynker
• Riverside Technology Inc.
• SysEng (S) Pte Ltd.
• Vieux & Associates Inc., and other major players.

Key Industry Development

• In June 2024, The World Bank Board approved $600 million in financing to support Türkiye’s efforts to protect people and strengthen resilience against floods and drought, which are increasing in frequency and intensity due to climate change. The Türkiye Flood and Drought Management Project will help increase flood control for people living in flood-prone areas, enhance farmers’ drought-monitoring capacity, and strengthen the country's institutional capacity for flood and drought risk management.
• In March 2024, Cadcorp expanded support for Environment Agency Real Time flood-monitoring within its desktop GIS and web mapping software. As part of the cloud-hosted Cadcorp Data Service, users can now access regularly updated flood warnings. Users can display flood warnings for a specific county, within a radius, and by severity (severe flood warning, flood warning, flood alert, or warning no longer in force). Additional information can also be displayed, such as the locality, area name, and a detailed description of the warning.