The Infrastructure Inspection Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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In accordance with The Business Research Company’s 2024 Infrastructure Inspection Global Market Report, the market has experienced robust growth, surging from $2.05 billion in 2024 to $2.19 billion at a noteworthy compound annual growth rate (CAGR) of 7.1%. This upward trajectory is attributed to various factors in the historic period, including the aging infrastructure, regulatory compliance, cost reduction and efficiency, data analytics, and environmental concerns.

Anticipated for the imminent years, the infrastructure inspection market is poised for substantial expansion, reaching $2.93 billion by 2028 with a CAGR of 7.5%. The forecasted growth is propelled by the adoption of remote inspection solutions, an escalating emphasis on sustainability, a heightened focus on cybersecurity, and the integration of predictive maintenance solutions. Noteworthy trends in this period encompass advancements in drone technology, technological innovations, reinforced safety measures, and the implementation of automation for heightened operational efficiency.

The surge in capital investments for structural health monitoring to ensure better maintenance of critical infrastructure is expected to propel the growth of the infrastructure inspection market going forward. Structural health monitoring (SHM) is a set of systems that are installed on full-scale civil infrastructures to assist and inform operators. To ensure structural integrity, ageing bridges, highways, buildings, dams, pylons, tunnels, and other structures are inspected. For instance, in March 2022, according to a report by Govtribe, a US-based company that focuses on government contractors and provides a real-time resource locator, the Federal Government granted the opportunity to Engineer Research and Development Centre (ERDC) for innovative technologies in structural health monitoring to advance structural health monitoring (SHM) technologies and assess the current and future condition and reliability of infrastructure components and systems. The first year was allocated $2 million, with a total budget of $12 million. Therefore, the surge in capital investments for structural health monitoring is driving the infrastructure inspection market growth.

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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

Prominent entities in the infrastructure inspection sector are strategically aligning through collaborations to furnish customers with dependable services. Strategic collaboration denotes a mutually advantageous partnership wherein independent entities collaborate to achieve shared goals that align with their individual strategic objectives. An exemplary instance is the July 2024 collaboration between Infotech, a US-based provider of e-construction solutions, and Seiler Geospatial, a US-based provider of optical instrument design, manufacturing, and service, aimed at advancing civil infrastructure projects. This collaboration represents a pivotal advancement in the digitalization of the infrastructure construction industry. Leveraging their collective expertise and technology, Infotech and Seiler Geospatial facilitate more streamlined, precise, and cost-effective inspections, ultimately contributing to the enhancement of infrastructure project quality.

The infrastructure inspection market report table of contents includes:
1. Executive Summary
2. Infrastructure Inspection Market Characteristics
3. Infrastructure Inspection Market Trends And Strategies
4. Infrastructure Inspection Market - Macro Economic Scenario
5. Global Infrastructure Inspection Market Size and Growth

......

32. Global Infrastructure Inspection Market Competitive Benchmarking
33. Global Infrastructure Inspection Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Infrastructure Inspection Market
35. Infrastructure Inspection Market Future Outlook and Potential Analysis
36. Appendix

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