Global $3.38 Billion Infrastructure Monitoring Market 2018-2023 - Aging Infrastructure and the Superior Benefits of Infrastructure Monitoring - ResearchAndMarkets.com

DUBLIN--()--The "Infrastructure Monitoring Market by Technology (Wired and Wireless), Offering (Hardware: Sensors, Data Acquisition Systems; Software & Services), Vertical (Civil infrastructure, Energy), Application & Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The infrastructure monitoring market is estimated to grow from USD 1.48 Billion in 2018 to USD 3.38 Billion by 2023, at a CAGR of 17.93% between 2018 and 2023.

The factors that are driving the infrastructure monitoring market include aging infrastructure and the superior benefits of infrastructure monitoring, a decrease in the cost of sensors that results in reducing the infrastructure monitoring system cost, and stringent environmental regulations pertaining to the sustainability of structures, among many others.

The growth of the infrastructure monitoring market in the Americas is likely to be propelled by the driving factors such as the aging infrastructure, support from various governments in the region, and increasing need for effective solutions for the maintenance of infrastructure facilities. Furthermore, according to the Federal Highway Administration (FHWA) in the US, more than 30% of the structures, such as bridges and tunnels, have exceeded their 50 years of design life. So, to enhance the public safety and improve the structural lifespan, the implementation of the infrastructure monitoring system is a must. Such factors would further contribute to the growth of the market in the Americas.

Market Dynamics

Drivers

  • Catastrophic Failure of the Infrastructure Results in Loss of Lives and Incurs Higher Costs
  • High Capital Investments for Structural Health Monitoring Across Various Countries Worldwide
  • Stringent Government Regulations Pertaining to Sustainability of Structures
  • Aging Infrastructure and Superior Benefits of Infrastructure Monitoring
  • Decreasing Cost of Sensors Results in Reducing the Infrastructure Monitoring System Cost

Restraints

  • High Installation and Monitoring Costs
  • Inaccurate Results Due to Errors in Readings
  • Slow Growth in Developing Countries

Opportunities

  • Regional Opportunities in APAC and GCC Countries
  • Public-Private Partnerships (P3S Or PPPS) for Infrastructural Growth
  • Use of Advanced Sensor Technologies
  • Integration Technology

Challenges

  • Requirement of Skilled Labors/Operators for Installation and Calibration of Infrastructure Monitoring Instruments
  • Technical Challenges and Operational Factors
  • Need for Large Amounts of Data Processing and Management

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Infrastructure Monitoring Market, by Technology

8 Infrastructure Monitoring Market, by Offering

9 Infrastructure Monitoring Market, by Vertical

10 Applications of Infrastructure Monitoring Systems (Qualitative Chapter)

11 Infrastructure Monitoring Market, by Region

12 Competitive Landscape

13 Company Profiles

  • Acellent
  • AVT Reliability (Aesseal)
  • Bridge Diagnostics
  • Campbell Scientific
  • COWI
  • Digitexx
  • Feac Engineering
  • Geocomp
  • Geokon
  • Geomotion Singapore
  • Infibra Technologies
  • Nova Metrix
  • Pure Technologies
  • RST Instruments
  • Sensuron
  • Sisgeo
  • Sites-Afla
  • Sixense
  • Structural Monitoring Systems
  • Yapidestek Engineering

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Related Topics: Civil Engineering

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Civil Engineering