Infrastructure Monitoring Market Driven by Growing trend toward building smart cities and refurbishing the existing IT & telecommunication structure

The Infrastructure Monitoring Market in the Americas is anticipated to grow at a high rate owing to the tendency of early adoption of the latest advanced technologies in the region. Increasing government investments in the U.S., Brazil, and Canada to renovate the existing structures and undertake new construction projects are expected to boost the infrastructure monitoring market growth in the region.

Declining costs of sensors that are used for construction management have led to the overall reduction in the total expenditure, also boosting the infrastructure monitoring market. Sensors are deployed for measuring the vibration & distortion in pillars, power conservation, and maintaining the structure health through remote assessment. These components are manufactured in large numbers and at very low costs so that these can be embedded into concrete structures. These sensors provide the required data wirelessly. The use of sensors reduces the overall costs incurred from the manual inspection of structures. The advantages offered by sensors and the availability of low-cost sensors are fueling the industry growth.

Growing trend toward building smart cities and refurbishing the existing IT & telecommunication structure is anticipated to drive the infrastructure monitoring market over the forecast timespan. Rising labor costs in countries including China have led to an increase in the demand for automated inspection and scrutinizing systems. Government initiatives, such as Digital India, are further providing a boost to the industry.

High investments for the structure health assessment across various countries drive the infrastructure monitoring market. Governments in various emerging economies are passing stringent regulations related to the sustainability of structures. For instance, the Building Control Act enforced in Singapore authorizes an accredited checker to inspect the sustainability of a building or a structure.

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Infrastructure monitoring market is segmented into wired and wireless. The wireless segment is projected to grow significantly owing to the ease of maintenance offered by wireless systems. Wired systems are susceptible to wear & tear and climatic changes. They also increase the overall maintenance costs owing to the amount of hardware used. The wired segment is predicted to grow at a steady rate over the forecast timespan. Wired systems are already implemented in many existing structures and replacing them with entirely new wireless systems can be technically difficult, thus propelling the demand for wired systems.

Infrastructure monitoring market is expected to grow owing to increasing applications in mining, energy, aerospace & defense, civil, transportation, marine, automotive, and industrial machinery industries. The civil segment is anticipated to dominate the industry over the coming years. Increasing occurrences of structural failure and accidents along with the growing importance of large civil projects are projected to drive the industry growth. Countries including Japan, India, the UK, and the U.S. are investing in constructing critical infrastructural facilities such as dams, highways, tunnels, bridges and residential & commercial buildings for economic development. This is expected to fuel the infrastructure monitoring market growth over the forecast timespan.

Asia Pacific is also projected to witness a high growth due to the rapid urbanization in economies including Japan, China, and India. The Cross-Ministerial Strategic Innovation Promotion Program (SIP) is undertaken by the government of Japan, which includes infrastructure maintenance, renovation, and management program. The program aims at incorporating these systems to ensure predictive maintenance of infrastructure.

Key players in the infrastructure monitoring market include Structural Monitoring Systems Ltd., Sixense, Geomotion Singapore, RST Instruments Ltd., Campbell Scientific, Inc., Acellent Technologies, Inc., Cowi, Geocomp Corporation, and Digitexx Data Systems, Inc.