PDF-Infrastructure Monitoring Market

Infrastructure Monitoring Market Applications, Segmentations &
Forecast by 2024: Global Market Insights Inc.
The infrastructure monitoring market in the Americas is anticipated to grow at a high
rate owing to the tendency of early adoption of the latest advanced technologies in the
region. Increasing government investments in the U.S., Brazil, and Canada to
renovate the existing structures and undertake new construction projects are expected
to boost the infrastructure monitoring market growth in the region. Asia Pacific is also
projected to witness a high growth due to the rapid urbanization in economies including
Japan, China, and India. The Cross-Ministerial Strategic Innovation Promotion
Program (SIP) is undertaken by the government of Japan, which includes
infrastructure maintenance, renovation, and management program. The program aims
at incorporating these systems to ensure predictive maintenance of infrastructure.
Infrastructure Monitoring Market size is projected to grow at a fast rate owing to the
aging infrastructure in various economies and the rising awareness about the
refurbishment of the existing structure. Effective structural examination helps in
enabling data-driven decisions and insights. It improves productivity and aids in early
problem detection to avoid disasters. Failure of structures leads to loss of lives and
leads to high costs. Structure administration enables the operator to efficiently capture
the data required to understand the status of the structure and effectively implement
further steps. Increasing requirements to enhance the safety standards, ensure longer
lifespan of structure, and reduce the overall maintenance costs are the major factors
driving the infrastructure monitoring market over the forecast timespan.
Declining costs of sensors that are used for construction management have led to the
overall reduction in the total expenditure, also boosting the infrastructure monitoring
market. Sensors are deployed for measuring the vibration & distortion in pillars, power
conservation, and maintaining the structure health through remote assessment. These
components are manufactured in large numbers and at very low costs so that these
can be embedded into concrete structures. These sensors provide the required data
wirelessly. The use of sensors reduces the overall costs incurred from the manual
inspection of structures. The advantages offered by sensors and the availability of lowcost
sensors are fueling the industry growth.
High investments for the structure health assessment across various countries drive
the infrastructure monitoring market. Governments in various emerging economies are
passing stringent regulations related to the sustainability of structures. For instance,
the Building Control Act enforced in Singapore authorizes an accredited checker to
inspect the sustainability of a building or a structure.
1 | P a g e

Growing trend toward building smart cities and refurbishing the existing IT &
telecommunication structure is anticipated to drive the infrastructure monitoring
market over the forecast timespan. Rising labor costs in countries including China
have led to an increase in the demand for automated inspection and scrutinizing
systems. Government initiatives, such as Digital India, are further providing a boost to
the industry.
High installation costs with the use of the advanced technologies for structure
inspection i restrain the industry growth. Technical challenges, such as cybersecurity
risks, are expected to hinder the industry growth. The increase in the amount of data
generated leads to a rise in the requirement for efficient data management and storage
solutions, increasing the overall expenditure. Moreover, the lack of skilled technicians
for calibration and installation of these systems in developing economies is also a
major factor hindering the infrastructure monitoring market growth.
Latest technological advancements in IoT, connected structures, and sensor systems
are providing immense growth opportunities for the infrastructure monitoring market.
Increasing number of public-private partnerships for the infrastructural growth in
various economies will provide growth prospects for the industry. Developing
economies in Asia Pacific and the Middle East are investing in advanced digital
technologies and this is a key factor that drives the infrastructure monitoring market
growth.
Infrastructure monitoring market is segmented into wired and wireless. The wireless
segment is projected to grow significantly owing to the ease of maintenance offered
by wireless systems. Wired systems are susceptible to wear & tear and climatic
changes. They also increase the overall maintenance costs owing to the amount of
hardware used. The wired segment is predicted to grow at a steady rate over the
forecast timespan. Wired systems are already implemented in many existing
structures and replacing them with entirely new wireless systems can be technically
difficult, thus propelling the demand for wired systems.
The infrastructure monitoring market is segmented into hardware, software, and
services. The software segment is projected to a higher rate over the coming years.
The industry is characterized by the generation of large amount of data, which must
be efficiently processed, stored and analyzed. Sophisticated software platforms
enable efficient data processing with increased immunity to security breaches. The
hardware segment is expected to grow owing to the involvement of hardware
components in the system to measure the physical properties of the structure.
Infrastructure monitoring market is expected to grow owing to increasing applications
in mining, energy, aerospace & defense, civil, transportation, marine, automotive, and
industrial machinery industries. The civil segment is anticipated to dominate the
industry over the coming years. Increasing occurrences of structural failure and
accidents along with the growing importance of large civil projects are projected to
drive the industry growth. Countries including Japan, India, the UK, and the U.S. are
investing in constructing critical infrastructural facilities such as dams, highways,
tunnels, bridges and residential & commercial buildings for economic development.
2 | P a g e

This is expected to fuel the infrastructure monitoring market growth over the forecast
timespan.
Key players in the infrastructure monitoring market include Structural Monitoring
Systems Ltd., Sixense, Geomotion Singapore, RST Instruments Ltd., Campbell
Scientific, Inc., Acellent Technologies, Inc., Cowi, Geocomp Corporation, and Digitexx
Data Systems, Inc. In June 2017, Acellent Technologies, Inc. announced a strategic
collaboration with Testia GmbH, through a Memorandum of Understanding (MOU)
with an aim to commercialize, market and install the structural health mapping
solutions by Acellent. Increasing competition among major players to offer advanced
solutions is driving the infrastructure monitoring market.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
reports are designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy and
biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com
Blog: http://algosonline.com/technology
3 | P a g e