Infrastructure Inspection Global Market By Type, By Application, By Technology, By End-Use And By Region Forecast To 2031 | Honeybee Robotics, Eddyfi Technologies, Wipro Limited, Xylem Inc., AVT Reliability Ltd
The global infrastructure inspection market report by the business research company identifies the surge in capital investments for structural health monitoring to ensure better maintenance of critical infrastructure is expected to propel the growth of the infrastructure inspection market going forward. Structural health monitoring (SHM) is a set of systems that are installed on full-scale civil infrastructures to assist and inform operators. To ensure structural integrity, ageing bridges, highways, buildings, dams, pylons, tunnels, and other structures are inspected. For instance, in March 2022, according to a report by Govtribe, a US-based company that focuses on government contractors and provides a real-time resource locator, the Federal Government granted the opportunity to Engineer Research and Development Centre (ERDC) for innovative technologies in structural health monitoring to advance structural health monitoring (SHM) technologies and assess the current and future condition and reliability of infrastructure components and systems. The first year was allocated $2 million, with a total budget of $12 million. Therefore, the surge in capital investments for structural health monitoring is driving the growth of the infrastructure inspection market.
The global infrastructure inspection market size is expected to grow from $1.81 billion in 2021 to $1.97 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The infrastructure inspection market is expected to grow to $2.77 billion in 2026 at a CAGR of 8.9%.
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North America was the largest region in the infrastructure inspection market in 2021. The regions covered in this infrastructure inspection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the infrastructure inspection market are Honeybee Robotics, Eddyfi Technologies, Wipro Limited, Xylem Inc., Campbell Scientific Inc., Geokon, Digitexx Data Systems Inc., Sisgeo S.r.l., AVT Reliability Ltd, MISTRAS Group, Wipro, Intel Corporation, Lockheed Martin Corporation, Northrop Grumman, DJI, Parrot Drone SAS., and Acellent Technologies Inc.
The global infrastructure inspection' market is segmented -
1) By Product Type: Drones, or Unmanned Aerial Vehicles (UAVs), Crawlers, Submersibles
2) By Operation: Autonomous, Semi-Autonomous
3) By Application: Pipes, Tanks and Vessels, Sewers, Roads and Bridges, Underwater Inspection, Wind Turbines, Nuclear Applications, Auxiliary Structures
4) By End-Use: Building and Construction, Oil and Gas, Power Generation, Chemical, Petrochemical, Municipal, General Purpose
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The Infrastructure Inspection Market Report Contents Include
1. Executive Summary
2. Infrastructure Inspection Market Characteristics
3. Infrastructure Inspection Market Trends And Strategies
4. Infrastructure Inspection Market - Macro Economic Scenario
5. Infrastructure Inspection Market Size And Growth
26. Africa Infrastructure Inspection Market
27. Infrastructure Inspection Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Infrastructure Inspection Market
29. Infrastructure Inspection Market Future Outlook and Potential Analysis
This report covers the trends and market dynamics of the infrastructure inspection market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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