Infrastructure Inspection Market Insights, Analysis Report 2024-2033: Strategic Examination

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Infrastructure Inspection Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The infrastructure inspection market size has grown strongly in recent years. It will grow from $2.05 billion in 2023 to $2.19 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to aging infrastructure, regulatory compliance, cost reduction and efficiency, data analytics and reporting, environmental concerns.

The infrastructure inspection market size is expected to see strong growth in the next few years. It will grow to $2.93 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to remote inspection solutions, increased emphasis on sustainability, focus on cybersecurity, predictive maintenance solutions. Major trends in the forecast period include drone technology advancements, technological advancements, enhanced safety measures, automation for efficiency.

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Market Segmentation:
The infrastructure inspection market covered in this report 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

Major Driver - Elevated Capital Investments Drive Growth In Infrastructure Inspection Market
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 infrastructure inspection market growth.

Competitive Landscape:
Major companies operating in the infrastructure inspection market report are Intel Corporation, Jacobs Engineering Group Inc., AES Engineering Ltd., Wipro Limited, Bureau Veritas, Xylem Inc., Leighton Holdings Limited, FLIR Systems Inc., National Instruments Corporation, Eddyfi Technologies, Honeybee Robotics, Golder Associates Ltd., ERM Group, MISTRAS Group, Parrot Drone SAS, Lockheed Martin Corporation, Geokon Inc., Northrop Grumman Corporation, Campbell Scientific Inc., Geocomp Corporation, AVT Reliability Ltd., DJI Technology Co. Ltd., MNS Group Limited, Pure Technologies Ltd Company, RAE Systems by Honeywell, Sisgeo S.r.l., Structural Monitoring Systems plc, Acellent Technologies Inc., Digitex Data Systems Inc., MFE Rentals

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Top Trend - Strategic Collaboration In Infrastructure Inspection
Major companies operating in the infrastructure inspection market are focusing on strategic collaboration, to provide reliable services to customers. Strategic collaboration refers to a mutually beneficial partnership between two or more independent entities who work together to achieve shared goals aligned with their individual strategic objectives. For instance, in July 2023, Infotech, a US-based provide of e-construction solutions, partnered with Seiler Geospatial, a US-based provider of optical instrument design, manufacturing and service, to develop civil infrastructure projects. The Infotech and Seiler Geospatial partnership is a significant step forward in the digitalization of the infrastructure construction industry. By combining their expertise and technology, they are enabling more efficient, accurate, and cost-effective inspections, ultimately leading to better quality infrastructure projects.

The Table Of Content For The Market Report 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
…..
27. Infrastructure Inspection Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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