Wireless Infrastructure Monitoring Market Size (2024 - 2029)

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.