The global infrastructure monitoring market is estimated to grow at a CAGR of nearly 16.0% during the forecast period. Infrastructure monitoring is also known as structural health monitoring (SHM), which involves a range of connected sensors for collection and analysis of data, at every moment during the service life of the structure. The major factors contributing to the growth of the market include significant investment in infrastructure projects and rising demand for SHM in the energy sector. Both developed and developing countries are focusing on the investment in infrastructure projects owing to the increasing ageing infrastructure across the countries, which creates several problems such as delay in shipments and losing time and disruptions in the energy supplies.
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As per the Congressional Budget Office, in the US, Federal spending to support investment totaled $492 billion in 2018. Over half of those funds, $256 billion, were invested on physical capital, which comprises structures (including water and power projects, government buildings, and transportation infrastructure), crucial equipment (including machinery, computers, and vehicles), and software. This results in an increasing demand for SHM systems to improve the reliability of existing infrastructure and provides support to the decision-makers and maintenance managers to prioritize rehabilitation and replacement programs.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Infrastructure Monitoring Market by Technology
- Wired
- Wireless
Global Infrastructure Monitoring Market by Component
- Hardware
- Software and Services
Global Infrastructure Monitoring Market by End-User
- Civil
- Aerospace and Defense
- Energy
- Industrial Machinery
- Mining
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Acellent Technologies, Inc.
- AVT Reliability Ltd. (AES Engineering Corp.)
- Campbell Scientific, Inc.
- Digitexx Data Systems, Inc.
- Geocomp Corp.
- Geokon Inc.
- Geomotion Singapore
- Hottinger, Brüel & Kjaer (HBK), (Spectris plc)
- Kinemetrics, Inc.
- Mabey Holdings Ltd.
- MISTRAS Group, Inc.
- Monnit Corp.
- National Instruments Corp.
- Nova Metrix LLC
- Pure Technologies Ltd. (Xylem Inc.)
- RST Instruments Ltd.
- Sisgeo S.r.l.
- Sixense Group
- Structural Monitoring Systems plc
- Toshiba Corp.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global infrastructure monitoring market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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