As infrastructure ages, the costs associated with regular physical inspections and ongoing maintenance can become substantial. This challenge is not confined to a single region; it is a global issue. Only in the United States, as of 2022, approximately 43 500 bridges were in a poor condition. As a response to the challenge, the infrastructure monitoring projects are growing globally reaching 11,500 globally.
According to Transforma Insights, the global count of Infrastructure Monitoring devices is poised for substantial growth, projected to escalate from 11.8 million in 2020 to approximately 37.1 million by 2030, demonstrating a Compound Annual Growth Rate (CAGR) of 12%. The significant growth of Infrastructure Monitoring devices is driven by the increasing demand for real-time data and the integration of IoT technology to enhance the efficiency and reliability of infrastructure systems, including the applications like such as dam and reservoir monitoring, construction management, bridge monitoring, rail tracking, and more.
In 2020, most connections were concentrated in North America at 53%, but it's projected to decrease to 42% by 2030. Meanwhile, Europe is expected to experience the most substantial market share growth, increasing by 7% over the forecast period, elevating its share from 19% to 26%. Another significant market, Greater China, is anticipated to possess a 13% share in 2030, up from 10% in 2020. We are strongly sure that there’s a high relevance of IoT to infrastructure monitoring use cases as over 17% of our clients are from the infrastructure industry.
Top Global Infrastructure Monitoring Vendors
IoT in Infrastructure Management: Applications
The Crop Monitoring use case may apply to the following aspects:
Monitoring and managing transportation infrastructure, including roads, bridges, and tunnels, to ensure safe and efficient travel.
Tracking the condition and performance of pipelines, such as oil and gas pipelines, to prevent leaks and damage.
Structural Health Monitoring
Assessing the structural integrity of various infrastructure elements like buildings, dams, and bridges.
Utility Infrastructure Monitoring
Monitoring utility networks, including water and wastewater systems, to ensure consistent supply and detect leaks.
Environmental Infrastructure Monitoring
Monitoring environmental factors like air quality, water quality, and weather conditions for various purposes.
Energy Infrastructure Monitoring
Monitoring energy-related infrastructure such as power plants, grids, and renewable energy installations.
Implementing IoT solutions to monitor and manage various aspects of urban infrastructure, including traffic, lighting, waste management, and public safety.