Press release
In-Depth Analysis of the Infrastructure Inspection Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Infrastructure Inspection
The rise in capital funding towards structural health monitoring as part of enhanced maintenance of crucial infrastructure is likely to accelerate the projected trajectory of the infrastructure inspection market. Operating as a system of devices installed on wide-scale civil infrastructures, Structural health monitoring (SHM) plays a crucial role in aiding the operators. The system ensures the structural soundness of aging infrastructures like highways, bridges, buildings, pylons, tunnels, dams and other structures by inspecting them regularly. As an example, in March 2022, the U.S Federal Government assigned Engineer Research and Development Centre (ERDC) an opportunity to develop innovative technologies in structural health monitoring, according to a report by Govtribe, a company based in the US specializing in resources for government contractors. The focus of this was to promote the advancement of SHM technologies and to evaluate the present and future condition as well as the dependability of infrastructure components and systems. In the first year, ERDC was allocated $2 million from a total budget of $12 million. This underscores the fact that increased capital investment in structural health monitoring is a determinant in the growth of the infrastructure inspection market.
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How will the growth rate of the infrastructure inspection market shape industry trends by 2034?
In the past few years, the infrastructure inspection market has exhibited robust growth. The market, which is expected to escalate from $2.14 billion in 2024 to $2.27 billion in 2025, is projected to grow at a compound annual growth rate (CAGR) of 5.9%. Factors such as aging infrastructure, regulatory compliance, cost reduction and efficiency, data analytics and reporting, alongside environmental concerns, are deemed responsible for the growth witnessed in the historic period.
The market size of infrastructure inspection is projected to witness robust expansion in the coming years, escalating to $3.22 billion by 2029, with a compound annual growth rate (CAGR) of 9.2%. Factors like remote inspection solutions, a heightened focus on sustainability, cybersecurity, and predictive maintenance solutions are anticipated to spur growth during the forecast period. Noteworthy trends observed during this period are advancements in drone technology, technological evolution, heightened safety protocols, and the implementation of automation for improved efficiency.
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What trends are poised to drive the future success of the infrastructure inspection market?
The rise of technological innovation is a significant trend that's gaining traction within the infrastructure inspection industry. Corporations within this marketplace are placing a strong emphasis on creating new tech solutions to boost their standing. For example, in May 2022, Toshiba, a Japanese firm operating in the infrastructure inspection domain, created an Infrastructure Inspection AI that can identify anomalies with an unmatched level of precision, using a minimal number of reference photos. Different to regular AI which requires real-world learning, this invention juxtaposes inspection photos with reference images with the aid of capabilities obtained from sophisticated, pre-trained deep learning models. The innovative AI has capabilities for spotting anomalies with impressive accuracy, even when the pictures are taken from completely different viewpoints than the reference images, courtesy of Toshiba's exclusive rectification technology. This technology is also instrumental in decreasing incorrect positives for atypical patterns that are actually normal.
Which primary segments of the infrastructure inspection market are driving growth and industry transformations?
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
Subsegments:
1) By Drones Or Unmanned Aerial Vehicles (UAVs): Fixed-Wing Drones, Rotary-Wing Drones (Quadcopters), Hybrid Drones, Drone Mapping And Surveying Equipment
2) By Crawlers: Tracked Crawlers, Wheeled Crawlers, Remote-Controlled Crawlers, Crawler Inspection Robots
3) By Submersibles: Remotely Operated Vehicles (ROVs), Autonomous Underwater Vehicles (AUVs), Inspection-Class Submersibles, Heavy-Duty Submersibles
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Which geographical regions are pioneering growth in 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 in the forecast period. The regions covered in the infrastructure inspection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the infrastructure inspection market landscape?
Major companies operating in the infrastructure inspection market include 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.
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What Is Covered In The Infrastructure Inspection Global Market Report?
•Market Size Forecast: Examine the infrastructure inspection market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the infrastructure inspection market for a structured understanding.
•Key Players Overview: Analyze major players in the infrastructure inspection market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the infrastructure inspection market.
•Segment Contributions: Evaluate how different segments drive overall growth in the infrastructure inspection market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the infrastructure inspection market.
•Industry Challenges: Identify potential risks and obstacles affecting the infrastructure inspection market.
•Competitive Landscape: Review strategic developments in the infrastructure inspection market, including expansions, agreements, and new product launches.
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