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Infrastructure Monitoring Market by Technology, Offering, Vertical, Application And Geography - Global Forecast to 2023

Infrastructure Monitoring Market: Global Forecast until 2023

  • January 2018
  • 180 pages
  • ID: 3599073
In this report:
The Accelerometers registered a shipment of ##,##.## million units in 2017 and is expected to reach ##,##.## million units by 2023, at a CAGR of ##.##% during the forecast period.
The infrastructure monitoring market for the aerospace & defense verticals is expected to be worth USD ##.## million by 2023, growing at the highest CAGR of ##.##% during the forecast period.

Summary

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Infrastructure monitoring market intended to grow at a CAGR (Compound annual growth rate) of ~17.9 percent between 2018 and 2023

The infrastructure market is forecasted to grow from ~$1.5B in 2018 to ~$3.4B by 2023, at a compound annual growth rate (CAGR) of ~17.9 percent between 2018 and 2023. The main factors driving the rise of the infrastructure monitoring market contain catastrophic failure of the infrastructure that results in loss of lives and incurs higher costs, stringent environmental regulations pertaining to the sustainability of structures, and aging infrastructure and the superior benefits of infrastructure monitoring.

Nevertheless, high installation and monitoring costs, inaccurate results due to errors in readings, slow increase of developing countries are the main restraining factors for the increase ot the infrastructure monitoring market

Wired infrastructure monitoring technology forecasted to hold a larger market share by 2023

Considering today's scenario, wired infrastructure monitoring systems are widely adopted for distinct types of structures as they offer reliable connectivity, and there is no limitation on long-distance data transfer. On top of, wired minoring systems are already being used for the global assessment of numerous structures in several countries including bridges, buildings, and dams

Infrastructure monitoring market in Asia-Pacific forecasted to grow at the maximal rate between 2018 and 2023

This increase can be due to the quick infrastructure building activities being undertaken in Asia-Pac, primarily China, India (IN), and Japan (JP) where infrastructure monitoring paves the way for the modernization of infrastructure. Futhermore, market investments from the government market are also growing to enhance the infrastructure facility in the area.

In the process of finding out and checking the market value for various segments collected by secondary research, extensive primary audit sessions have been managed with the main industry people. The breakup of the profile of primary members taking part has been provided below:

• By Company category: Tier 1 = 20.0 percent, Tier 2 = 45.0 percent, and Tier 3 = 35.0 percent

• By Description: C-suite executives = 35.0 percent, Directors = 25.0 percent, Others=40%

• By Area: Americas = 45.0 percent, EU = 25.0 percent, Asia-Pacific = 20.0 percent, and RoW = 10.0 percent

The report profiles the top actors in the infrastructure monitoring market, along with providing their respective market ranking. Major players in the sector contain COWI, Pure Technologies, Structural Monitoring Systems, Acellent, Geocomp, Campbell Scientific, Nova Metrix, Geokon, SIXENSE, Digitexx, Bridge Diagnostics, Sisgeo, RST Instruments, AVT Reliability, and Geomotion Singapore.

Segment Research

• The infrastructure monitoring market established on technology has been broken down into wired and wireless.

• The infrastructure monitoring market established on offering covers hardware, and software and services.

• The infrastructure monitoring market based on vertical comprises civil infrastructure, aerospace & defense, energy, mining, and others (containing industrial machinery, automotive, transportation, and marine structures).

• The geographic review has been done with regard to the Americas, Europe (EU), Asia-Pac, and RoW.

Reasons to Buy This Report:

From an insight prospect, this market research has emphasized different levels of analysis-market ranking of key players, value chain study, company descriptions that provide the basic overviews on the competitive landscape, coming out and high-growth segments of the infrastructure monitoring market, high-growth areas, and market dynamics-such as drivers, market restraints, alternatives, and opportunities.

This study furnishes highlights on the following points:

• Market development: Highlighted information about profitable emerging sectors and review of the infrastructure monitoring market across localities

• industry diversification: Complete information about recent products, untapped geographic regions, and recent evolutions in the global infrastructure monitoring market

• opposing assessment: In-depth assessment of ranking, strategies, products of the leading actors in the infrastructure monitoring market

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