Press release
Infrastructure Inspection Market: From $2.14B in 2024 to $3.22B in 2029 at 9.2% CAGR
Infrastructure Inspection Market Outlook
What Is The Projected Market Size of The Global Infrastructure Inspection Market And Its Growth Rate?
• The market size has grown from $2.14 billion in 2024 to $2.27 billion in 2025 at a CAGR of 5.9%.
• It is expected to grow to $3.22 billion in 2029 at a CAGR of 9.2%.
• This growth in the historic period can be attributed to aging infrastructure, regulatory compliance, cost reduction and efficiency, data analytics, and reporting, and environmental concerns.
• The growth in the future can be mostly attributed to the advancements in remote inspection solutions, increased emphasis on sustainability, focus on cybersecurity, and predictive maintenance solutions.
What Is Driving The Growth In The Infrastructure Inspection Market?
The growth of the infrastructure inspection market is majorly driven by the surge in capital investments for structural health monitoring. Infrastructure operators use Structural Health Monitoring (SHM) systems to maintain the integrity of ageing bridges, highways, buildings, dams, pylons, tunnels, and other structures. As per Govtribe report, the Federal Government had provided a funding opportunity to Engineer Research and Development Centre (ERDC) of $2 million in 2022 for innovative technologies in structural health monitoring to assess the current and future condition and reliability of infrastructure components and systems - leading to significant growth in the infrastructure inspection market.
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Who Are the Key Players Driving Infrastructure Inspection Market Growth?
• Jacobs Engineering Group Inc.
• AES Engineering Ltd.
• Bureau Veritas
• Xylem Inc.
• FLIR Systems Inc.
• 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.
• Pure Technologies Ltd Company
• RAE Systems by Honeywell
• Sisgeo S.r.l.
• Structural Monitoring Systems plc
• Acellent Technologies Inc.
What Are The Key Trends In The Infrastructure Inspection Market?
• Drone technology advancements
• Technological advancements
• Enhanced safety measures
• Automation for efficiency
What Are The Segments of The Global Infrastructure Inspection Market?
• By Product Type: Drones or Unmanned Aerial Vehicles (UAVs), Crawlers, Submersibles
• By Operation: Autonomous, Semi-Autonomous
• By Application: Pipes, Tanks and Vessels, Sewers, Roads and Bridges, Underwater Inspection, Wind Turbines, Nuclear Applications, Auxiliary Structures
• By End-Use: Building and Construction, Oil and Gas, Power Generation, Chemical, Petrochemical, Municipal, General Purpose
Which Region Leads The Infrastructure Inspection Market?
North America was the largest region in the infrastructure inspection market in 2024. Asia-Pacific is expected to be the fastest-growing region for the forecast period. The coverage in the infrastructure inspection market report includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Infrastructure Inspection Market Global Market Report?
- Market Size Analysis: Analyze the Infrastructure Inspection Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Infrastructure Inspection Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Infrastructure Inspection Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Infrastructure Inspection Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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