Global Infrastructure Inspection Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Infrastructure inspection has rapidly evolved and expanded across numerous industry verticals in the past few years. The technology is being considered highly beneficial as it offers essential data required by the infrastructure manager for understanding the status of the infrastructure. These tools assist in the effective management of the infrastructure.

Global Infrastructure Inspection Market was valued at USD 2.09 billion in 2021 and is expected to reach USD 3.78 billion by 2029, registering a CAGR of 7.70% during the forecast period of 2022-2029. Building and Construction is expected to witness high growth in the end-use segment of the market owing to the increase in requirement of proper monitoring and timely analysis. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Infrastructure inspection consist of analytical and monitoring tools that assist in analyzing the health of the infrastructure. The technology incorporates the collection and evaluation of meaningful data associated with the infrastructure. It basically inspects relative data and information about the infrastructure.

Report Scope and Market Segmentation

Infrastructure Inspection Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

•       High Demand for Remote Monitoring and Control

The increase in adoption infrastructure Inspection owing to the time efficiency that the system provides acts as one of the major factors driving the growth of infrastructure inspection market. The infrastructure inspection systems can enhance security and productivity.

• Need for Large-Scale Inspections

The increase in the need for large-scale inspections along with the widespread use of UAV technology across various industries accelerate the market growth. The use of the infrastructure inspection technology to enhance efficiency and safety, decline overall costs and improve faster reaction times drives the market further.

• Structural Health Monitoring

The surge in the capital investments for structural health monitoring to ensure better maintenance of critical infrastructure further influence the market. Also, high need for need for inspection of high-value infrastructure structures in oil and gas, and petrochemical industry has a major impact on the market growth.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the infrastructure inspection market.

Opportunities

Furthermore, supplementing manual labor in infrastructure inspection extend profitable opportunities to the market players in the forecast period of 2022 to 2029. The high need of operations of periodic inspection and maintenance to ensure that the designed life of service of civil infrastructure will further expand the market.

Restraints/Challenges

On the other hand, high price implications and time consumption are expected to obstruct market growth. Also, lack of skilled technician is projected to challenge the infrastructure inspection market in the forecast period of 2022-2029.

This infrastructure inspection market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on infrastructure inspection market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Infrastructure Inspection Market

COVID-19 had a negative impact on various industries including infrastructure inspection market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. The infrastructure inspection industry faced huge problems due to the shortage of laborers declining the low production. A decline in the demand for infrastructure inspection system was witnessed owing to the limited production and shut down of industries, such as oil and gas sectors, among others. However, the infrastructure inspection market is expected to witness growth in demand after the post-covid-19 situation due to increase in construction activities.

Global Infrastructure Inspection Market Scope and Market Size

The infrastructure inspection market is segmented on the basis of product type, operation, application and end-use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Drones, or Unmanned Aerial Vehicles (UAVs)
• Crawlers
• Submersibles

Operation

• Autonomous
• Semi-Autonomous

End-Use

• Building and Construction
• Oil and Gas
• Power Generation
• Chemical
• Petrochemical
• Municipal
• General Purpose

Application

• Pipes
• Tanks and Vessels
• Sewers
• Roads and Bridges
• Underwater Inspection
• Wind Turbines
• Nuclear Applications
• Auxiliary Structures

Infrastructure Inspection Market Regional Analysis/Insights

The infrastructure inspection market is analysed and market size insights and trends are provided by country, product type, operation, application and end-use as referred above.

The countries covered in the infrastructure inspection market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the infrastructure inspection market due to the presence of a large number of offshore oil and gas companies within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the construction of "new infrastructure" projects in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Infrastructure Inspection Market

The infrastructure inspection market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to infrastructure inspection market.

Some of the major players operating in infrastructure inspection market are

• Honeybee Robotics (US)
• Eddyfi Technologies (Canada)
• Wipro Limited (India)
• Xylem Inc. (Canada)
• Campbell Scientific, Inc. (UK)
• Geokon (US)
• Digitexx Data Systems, Inc. (Vietnam)
• Sisgeo S.r.l. (Italy)
• AVT Reliability Ltd (UK)
• MISTRAS Group (US)
• Wipro (India)
• Intel Corporation (US)
• Lockheed Martin Corporation. (US)
• Northrop Grumman. (US)
• DJI (China)
• Parrot Drone SAS. (France)
• Acellent Technologies, Inc. (US)

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