Infrastructure Monitoring Market Applications, Segmentations & Forecast by 2024

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Infrastructure Monitoring Market Trends
Research and Projections From 2017-2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Infrastructure Monitoring
Market

• 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.
• 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. 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.

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• Application Analysis of Infrastructure Monitoring
  Market
• Latest technological advancements in IoT,
  connected structures, and sensor systems are
  providing immense growth opportunities for the
  infrastructure monitoring market. Increasing
  number of public-private partnerships for the
  infrastructural growth in various economies will
  provide growth prospects for the industry.
  Developing economies in Asia Pacific and the
  Middle East are investing in advanced digital
  technologies and this is a key factor that drives
  the infrastructure monitoring market growth.
• 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.

4
Competitive Market Share of Infrastructure
Monitoring Market

• 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.
• In June 2017, Acellent Technologies, Inc.
  announced a strategic collaboration with Testia
  GmbH, through a Memorandum of Understanding (MOU)
  with an aim to commercialize, market and install
  the structural health mapping solutions by
  Acellent.
• Increasing competition among major players to
  offer advanced solutions is driving the
  infrastructure monitoring market.

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