USD 5.01 Billion
Infrastructure Monitoring Market Size, Share, Growth Analysis, By Component (Hardware, Software), By Technology (Wired, Wireless), By Application, By Vertical, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45A2393 |
Region:
Global |
Published Date: December, 2024
Pages:
182
|Tables:
0
|Figures:
0
Infrastructure Monitoring Market Insights
Infrastructure Monitoring Market size was valued at USD 5.56 Billion in 2023 and is poised to grow from USD 6.17 Billion in 2024 to USD 12.81 Billion by 2032, growing at a CAGR of 11.0% during the forecast period (2025-2032).
Infrastructure monitoring market is an important segment focused on evaluating the performance of physical infrastructures like buildings and utilities. The market is witnessing considerable progress owing to factors like the ageing infrastructure, growing infrastructure investments, and advancements in technologies. Private sectors and governments are actively investing in infrastructure maintenance and development, especially in developing economies. This increases the demand for efficient monitoring solutions that ensure integrity and safety. In the developed nations, the prevailing infrastructure is aging and needs efficient monitoring to avoid failures. Thus, regular evaluations help highlight rehabilitation and maintenance efforts. Furthermore, modernizations in big data, IoT, and AI are improving monitoring competencies. They allow data collection in real-time and better predictive maintenance, which may notably enhance safety and reduce costs.
However, the market is negatively impacted by high initial costs and integration complexity. The investment needed for infrastructure monitoring solutions may be high, thus preventing smaller organizations or businesses with low funds from buying and adopting these systems. Also, integrating monitoring solutions with the present infrastructure may be challenging, this giving rise to extended implementation time and increased costs. Yet, the market is anticipated to progress on the back of opportunities like emerging economies who are witnessing speedy urbanization and industrialization, growing initiatives for smart cities that need these solutions, and rising shift towards renewable energy.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
hardware
Fastest Growth
services
Growth Rate
11.0%
Global Infrastructure Monitoring Market ($ Bn)
Country Share for North America Region (%)
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Infrastructure Monitoring Market Segmental Analysis
Global Infrastructure Monitoring Market is segmented by Component, Technology, Application, Vertical and region. Based on Component, the market is segmented into Hardware, Software, Services. Based on Technology, the market is segmented into Wired, Wireless. Based on Application, the market is segmented into Corrosion Monitoring, Crack Detection, Damage Detection, Vibration Monitoring, Thermal Monitoring, Multimodal Sensing, Strain Monitoring, Others. Based on Vertical, the market is segmented into Oil & Gas, Manufacturing, Aerospace & Defense, Construction, Automotive, Power Generation, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Component
Based on components, the market is segmented into hardware, software, and services. The hardware segment held a notable market share in the previous years and is expected to continue dominance over the forecast period as well owing to its significance for gathering real-time data, technological developments, and integration with software solutions. Hardware components like data acquisition systems and sensors are primary for gathering data in real-time. This data comprises structural performance and health of the infrastructure. Moreover, improvements in sensor technology like wireless devices and smart sensors have notably enhanced reliability, accuracy, and cost-efficiency of these systems, thus impacting the segment growth. Hardware is mostly coupled with improved software for better data analysis, thus creating an exhaustive monitoring solution that optimizes overall management.
On the other hand, the services segment will hold a remarkable market share in the coming years owing to its expertise and support, data interpretation and analysis, and customized solutions. Service providers deliver proficiency and better technical assistance for installing, operating, and maintaining these monitoring systems, thus offering optimal performance. Services comprise advanced data analytics, that allows businesses to obtain actionable insights from the gathered data, allowing better risk management and decision-making. Service providers can also customize these monitoring solutions to cater to dedicated infrastructural needs for efficient and effective monitoring. These factors are anticipated to drive the services segment's growth over the forecast period.
Analysis by Vertical
Based on vertical, the infrastructure monitoring market is categorized into oil & gas, manufacturing, aerospace and defense, construction, automotive, power generation, and others. The construction segment held a notable market share in 2023 and is projected to continue dominance in future as well owing to project complexity, risk management, and regulatory compliance. Construction projects mostly contain complicated structures and surroundings that need constant monitoring to confirm compliance and safety during the building stage. Monitoring in real-time helps in identifying possible issues. This allows proactive risk management and reduces delays and costs for project attacks. The construction industry also witnesses stringent regulations that demand exhaustive monitoring to make sure that the project satisfies quality and safety needs.
On the other hand, the manufacturing segment held a notable share of the market in the previous years and is expected to lead over the forecast period as well owing to operational efficiency, safety and compliance, and asset management. Constant infrastructure monitoring in the production facilities enhances different processes, reduces downtime, and enhances productivity. Strict regulations for safety in manufacturing facilities increase the demand for regular or timely monitoring of infrastructure or equipment to avoid mishaps and regulatory compliance. Efficient monitoring of infrastructure aids better management of assets. This confirms that crucial systems are rightly utilized and maintained, thus impacting the growth of the segment.
Global Infrastructure Monitoring Market Size By Component
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Infrastructure Monitoring Market Regional Insights
Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to innovations, aging infrastructure, and growing government funding. North America is rigorously focusing on research and development, impacting improvements in monitoring technologies, such as AI, IoT, and data analytics. A major share of infrastructure is aging, which increases the demand for effective monitoring solutions to confirm compliance and safety with strict regulations. Furthermore, growing initiatives and investments from private and state governments are emphasizing modernizations and advancements, which boosts the demand for monitoring solutions. The key players profiled in the region include Trimble Inc., Honeywell International Inc., Golder Associates, Stantec Inc., SNC-Lavalin (North America Division), Terracon Consultants, Inc., and more.
Asia-Pacific is the fastest-growing region in the global infrastructure monitoring market due to the speedy urbanization, rising government investments, and faster adoption of technology. The region is witnessing significant urbanization, resulting in amplified infrastructural developments and an increased demand for efficient monitoring solutions. Strong government backing and funding for numerous projects of infrastructure in nations like India, and China are boosting the demand for reliable monitoring technologies, thus affecting the market in Asia-Pacific. The regional growth is also impacted by the rising adoption of improved technologies like big data and IoT that improves the efficiency and effectiveness of infrastructure monitoring solutions.
Global Infrastructure Monitoring Market Size By Geography
- Largest
- Fastest
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Infrastructure Monitoring Market Dynamics
Drivers
Strict Regulatory Compliance for Infrastructure
- Strict regulations for environmental impact and infrastructure safety is compelling businesses to increasingly adopt efficient monitoring solutions to avoid legal consequences and ensure compliance. The regulatory bodies and governments mostly demand and need comprehensive reporting on the actual condition of the building or structure. This notably fuels the need for strong monitoring systems that offer timely and accurate data.
Growing Emphasis on Sustainability
- Currently, there is a growing focus on sustainable infrastructure development that needs reliable monitoring solutions for evaluating better environmental impacts and confirm better compliance with the existing sustainability standards. As constantly changing climate offers increased risks to the infrastructure, there is an increased need for the monitoring systems to check and identify vulnerability and aid the design of resilient structures.
Restraints
Lack of Skilled Workforce
- The lack of expert professionals and the need for development and training costs is hampering the growth of the market. Lack of skilled labor that can efficiently analyse and operate monitoring systems is one of the leading restraining factors for the market. This gap may notably hamper the effectiveness and development of monitoring solutions. Also, businesses may need to spend more on training and development programs, this impeding the adoption of these monitoring solutions by some.
Significant Initial Cost to Hamper Market Growth
- The adoption of infrastructure monitoring systems demands high initial investment for software, hardware, and installation. This could be a major barrier for projects with less funding or companies with limited budgets. Several organizations may thus prevent investment in monitoring solutions with vague understanding of the added benefits and ROI in the future.
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Infrastructure Monitoring Market Competitive Landscape
The competitive landscape of the global infrastructure monitoring market is distinguished by the assortment of emerging companies and established players, with each company striving to gain the leading position by using technological developments and other strategies. The key market players like Honeywell, Trimble, and Siemens are currently dominating the market with exhaustive solutions that incorporate advanced sensors, software platforms, and data analytics. Other companies like Fugro and Golder Associates emphasize dedicated niches in infrastructural monitoring like structural health evaluation and geotechnical monitoring. Players are also focusing on utilizing AI and IoT and engaged in strategic partnerships to expand their geographic reach and gain competitive edge.
Top Player’s Company Profiles
- Campbell Scientific, Inc.
- Structural Monitoring Systems Plc
- Acellent Technologies, Inc.
- Geokon, Inc.
- SISGEO S.R.L.
- Geocomp Corporation
- National Instruments Corporation
- AVT Reliability (AES Engineering Ltd.)
- Trimble Inc.
- Bentley Systems, Incorporated
- ProteanTecs
- SolarWinds Worldwide LLC
- Nagios Enterprises
- Cisco Systems
- Honeywell International Inc.
- Datadog, Inc.
- Ramboll Group A/S
- Monitum Pty Ltd
Recent Developments
- In August 2024, Siemens Smart Infrastructure introduced SICAM Enhanced Grid Sensor (EGS) in the market. It is specially designed to resolve the major shortcomings of distribution network transparency for grid operators. The new grid sensor will play a key role in digitalizing these grids by allowing operators to obtain complete transparency of the network.
- In May 2024, Acellent Technologies Inc. was contracted by Korea Aerospace Industries for the delivery of the company’s (SHM) structural health monitoring systems to check the load and damage of KAI KF-21 structures of fighter aircraft composite.
- In December 2022, GE Grid Solutions joined hands with LineVision to deliver the first integrated package of GETs (Grid enhancing Technologies) that offer utilities with end-to-end DSR (Dynamic System Rating). Both the companies will merge DLR, DPR, and OPFC to majorly enhance transmission capacity without compromising reliability of grid.
Infrastructure Monitoring Key Market Trends
- Integration of Smart Sensors and IoT: Constant data gathering due to integration of improved technologies like IoT and smart sensors enables quick identification of potential failures or anomalies and improves safety. IoT-based systems streamline predictive analysis that allow businesses to conduct maintenance depending on real conditions instead of planned intervals. It eliminates manual inspections and reduces labor costs and enhances efficacy.
- Machine Learning and Data Analytics: Use of data analytics and ML help algorithms to identify patterns and trends that may not be visible with manual analysis. This helps businesses to take informed decisions. ML models can also efficiently predict the possibility of infrastructure failure, enabling proactive risk management. Automated data processing notably reduces efforts and time for analysis, resulting in faster response times.
Infrastructure Monitoring Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the infrastructure monitoring market is considerably progressing due to growing technological advancements in AI, IoT, and big data analytics that improve monitoring competencies and strict regulatory standards for infrastructure safety. The market is also fueled by growing investments, mainly in the developing nations that demand effective monitoring systems. However, the market is hampered by the growing concerns for data security and privacy due to the collection of huge quantities of data and the complexity associated with integration with the present infrastructure. North America is projected to lead the market due to the strong presence of well-established players and strict environmental and safety regulations. Nonetheless, a few opportunities for the growth of the infrastructure monitoring market include the rising inclination towards renewable energy and growing adoption of predictive maintenance.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.01 Billion |
| Market size value in 2031 | USD 11.54 Billion |
| Growth Rate | 11.0% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Infrastructure Monitoring Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Infrastructure Monitoring Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Infrastructure Monitoring Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Infrastructure Monitoring Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Infrastructure Monitoring Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Infrastructure Monitoring Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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