What Is The Current and Historic Market Size Analysis Of Infrastructure Inspection Market?
The infrastructure inspection market has seen considerable growth due to a variety of factors.
• The market size for infrastructure inspection has seen a substantial increase in the past few years. The projected growth indicates a rise from $2.14 billion in 2024 to a staggering $2.27 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%.
Factors such as the aging infrastructure, the need for regulatory compliance, cost savings and efficiency, data analytics and reporting, and environmental issues have contributed to the growth during the historical period.
What Is the Forecasted Market Size and Growth Rate for The Infrastructure Inspection Market?
The infrastructure inspection market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for infrastructure inspection is projected to experience robust growth in the upcoming years, reaching $3.22 billion in 2029 with a compound annual growth rate (CAGR) of 9.2%.
This growth during the forecast period can be credited to factors such as remote inspection solutions, heightened focus on sustainability, emphasis on cybersecurity, and predictive maintenance solutions. Key trends projected for the forecast period encompass advancements in drone technology, technological progress, improved safety protocols, and the use of automation for higher efficiency.
What Are the Critical Driver Fuelling the Infrastructure Inspection Market's Growth?
The growth of the infrastructure inspection market is expected to be fueled by an increase in capital investments aimed at improving the maintenance of vital infrastructure through structural health monitoring. These monitoring systems are installed on large-scale civil infrastructure to provide important information to operators. Inspection of aging infrastructure such as bridges, highways, buildings, dams, pylons, tunnels, and other structures helps maintain the integrity of the structures. As noted in a March 2022 report by Govtribe, a U.S.-based company supporting government contractors with a real-time resource locator, the Federal Government awarded the Engineering Research and Development Centre (ERDC) the chance to develop innovative technologies in structural health monitoring. This initiative aims to enhance structural health monitoring technologies while assessing the present and future condition and dependability of infrastructure elements and systems. In the first year, $2 million was designated, out of a total budget allocation of $12 million. Consequently, increased capital investments into structural health monitoring are anticipated to boost the growth of the infrastructure inspection market.
What Key Areas Define The Segmentation Of The Global Infrastructure Inspection Market?
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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How Are Emerging Trends Reshaping The Dynamics Of The Infrastructure Inspection Market Size?
The augmentation of technology is becoming a burgeoning trend in the field of infrastructure inspection. Leading corporations in this market are strategically developing new tech solutions to solidify their influence. For instance, Toshiba, a Japan-based player in infrastructure inspection, launched an advanced Infrastructure Inspection AI in May 2022. This cutting-edge AI system is capable of detecting abnormalities with remarkable precision from a limited set of reference imagery. Unlike conventional AI that requires real-world training, this technology pits inspection images against reference photos using the strengths of pre-trained deep learning models. Thanks to Toshiba's proprietary rectification technology, this innovative AI delivers high-accuracy anomaly detection even when inspection snapshots are taken from various viewpoints differing from the reference pictures. Additionally, it also aids in minimizing false positives for atypical patterns that are genuinely normal.
Who Are the Key Players in the Infrastructure Inspection Market?
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.
What Is The Most Dominant Region 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.
