Wireless Infrastructure Monitoring Market Size (2024 - 2029)

The wireless infrastructure monitoring market is experiencing significant growth, driven by advancements in sensor, wireless, and IoT technologies that offer real-time insights into infrastructure health. The expansion of civil infrastructure due to industrialization is further propelling the market. Additionally, the need to monitor deteriorating infrastructures to prevent failures is increasing demand, as evidenced by substantial investments in infrastructure upgrades in various countries. This trend underscores the growing importance of wireless infrastructure monitoring in maintaining and enhancing infrastructure quality globally.

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Market Size of Wireless Infrastructure Monitoring Industry

Wireless Infrastructure Monitoring Market Overview
Study Period 2019 - 2029
Market Size (2024) USD 4.18 Billion
Market Size (2029) USD 7.67 Billion
CAGR (2024 - 2029) 12.90 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Wireless Infrastructure Monitoring Market Major Players

*Disclaimer: Major Players sorted in no particular order

Wireless Infrastructure Monitoring Market Analysis

The Wireless Infrastructure Monitoring Market size is estimated at USD 4.18 billion in 2024, and is expected to reach USD 7.67 billion by 2029, growing at a CAGR of 12.90% during the forecast period (2024-2029).

The rapid advancements in technologies such as sensor technology, wireless technology, and IoT, which provide real-time information on structural conditions and health of infrastructures is driving the market.

  • Owing to the strengthening economy, most of the countries are experiencing positive influence of industrialization and witnessing exuberant growth in their convoy of civil infrastructures such as roadways, highways, bridges, industrial warehouses, energy plants, and mining areas which are expected to boost the wireless infrastructure monitoring market.
  • For instance, in 2019, China invested more than USD 125 billion for the construction of a high-speed rail network. China Railway Corporation is set to open 6,800 km of new lines, including 4,100 km of high-speed infrastructure, which is 45% more than the total mileage commissioned in 2018. By the end of 2018, it was operating 29,000 km of high-speed lines, two-thirds of the world, and had added more than 4000 route-km in 2018. It has reduced the travel time between major Chinese cities, and authorities are looking to extend new lines into some of the remote corners of the country.
  • Moreocer, an increasing number of collapsing infrastructures due to deterioration has fueled the infrastructure monitoring market in order to check its health in real-time to avoid any situations of persistent infrastructure breakdown. In 2017, the United States infrastructure was given a near-failing grade of D+ by an engineering association, that reflects light on the degrading quality of its infrastructure. The ASCE estimated that the United States needed to invest USD 4.59 trillion by 2025 to bring its infrastructure to an adequate B- grade, a figure about USD 2 trillion higher than current funding levels. This increasing funding on its infrastructure is also expected to boost the wireless infrastructure monitoring market.

Wireless Infrastructure Monitoring Industry Segmentation

The wireless infrastructure monitoring equipment is the wireless internet-connected instrument or device that is used to anticipate the deterioration of infrastructure such as buildings, bridges, refineries, etc. to avoid any accidents in the future. They provide real-time data needed to understand the infrastructure status and the competence to further enumerate progress and enable optimal infrastructure management.

By Type
Hardware
Software and Services
By Application
Geotechnical Monitoring
Structural Monitoring
Environmental Monitoring
Other Applications (Spatial Monitoring, Traffic Flow Monitoring, etc.)
By End-user Industry
Civil Infrastructure
Oil and Refineries
Transportation
Mining
Others
By Geography
North America
Europe
Asia-Pacific
Rest of the World
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Wireless Infrastructure Monitoring Market Size Summary

The wireless infrastructure monitoring market is poised for significant growth, driven by advancements in sensor, wireless, and IoT technologies that enable real-time monitoring of infrastructure health. This growth is further fueled by the increasing industrialization and urbanization across various regions, leading to the expansion of civil infrastructure such as roads, bridges, and energy plants. The need to address deteriorating infrastructure and prevent failures is also a key factor, as seen in regions like the United States, where substantial investments are required to upgrade aging systems. The market is benefiting from the trend towards smart cities, where IoT technologies are being integrated to enhance resource efficiency and urban living conditions.

The market landscape is competitive, with major players like Acellent Technologies, Inc., Geocomp Corporation, and COWI A/S leading the charge through strategic collaborations and product innovations. These companies are expanding their global presence and enhancing their offerings to capture a larger market share. The demand for wireless infrastructure monitoring systems is further bolstered by the growth in end-user industries such as oil and gas, where monitoring equipment is crucial for operational efficiency. Despite potential challenges posed by economic slowdowns, the market is expected to recover and continue its upward trajectory as companies invest in advanced monitoring solutions to mitigate future risks.

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Wireless Infrastructure Monitoring Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Stringent Government Regulations Pertaining to Sustainability of Structures

      2. 1.1.2 Cost-effective and Flexible Nature for Information Acquisition and Improving Maintenance Efficiency and Safety

    2. 1.2 Market Challenges

      1. 1.2.1 Shortage of Skilled Technicians for Installation and Calibration of Systems across Developing countries

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Hardware

      2. 2.1.2 Software and Services

    2. 2.2 By Application

      1. 2.2.1 Geotechnical Monitoring

      2. 2.2.2 Structural Monitoring

      3. 2.2.3 Environmental Monitoring

      4. 2.2.4 Other Applications (Spatial Monitoring, Traffic Flow Monitoring, etc.)

    3. 2.3 By End-user Industry

      1. 2.3.1 Civil Infrastructure

      2. 2.3.2 Oil and Refineries

      3. 2.3.3 Transportation

      4. 2.3.4 Mining

      5. 2.3.5 Others

    4. 2.4 By Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia-Pacific

      4. 2.4.4 Rest of the World

Wireless Infrastructure Monitoring Market Size FAQs

The Wireless Infrastructure Monitoring Market size is expected to reach USD 4.18 billion in 2024 and grow at a CAGR of 12.90% to reach USD 7.67 billion by 2029.

In 2024, the Wireless Infrastructure Monitoring Market size is expected to reach USD 4.18 billion.

Wireless Infrastructure Monitoring Market Report Snapshots

Wireless Infrastructure Monitoring Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)