Infrastructure Monitoring Market

Nova Metrix LLC (US) and Geokon, Incorporated (US) are the Top 2 Players in the Infrastructure Monitoring Market

The overall infrastructure monitoring market is estimated to grow from USD 1.48 Billion in 2018 to USD 3.38 Billion by 2023, at a CAGR of 17.93% between 2018 and 2023. The major factors driving the growth of the infrastructure monitoring market include catastrophic failure of the infrastructure that results in loss of lives and incurs higher costs, high capital investments for structural health monitoring across various countries worldwide, stringent government regulations pertaining to the sustainability of structures, aging infrastructure and the superior benefits of infrastructure monitoring, and decrease in the cost of sensors that results in reducing the infrastructure monitoring system cost.

Some of the key players in the infrastructure monitoring market are COWI (Denmark), Pure Technologies (Canada), Structural Monitoring Systems (Australia), Acellent (US), Geocomp (US), Campbell Scientific (US), Nova Metrix (US), Geokon (US), SIXENSE (France), Digitexx (US), Bridge Diagnostics (US), Sisgeo (Italy), RST Instruments (Canada), AVT Reliability (UK), and Geomotion Singapore (Singapore).

Top 2 players providing hardware offerings:

Nova Metrix LLC (US) held a leading position in the global infrastructure monitoring market in 2016 based on its hardware component offerings. The company focuses widely on inorganic strategies such as mergers and acquisitions to expand its business. For instance, in November 2014, the company acquired Soil Instruments (UK) to expand its businesses in the field of mining, civil engineering, road, and railway structures. Also, in September 2012, the company acquired Sherborne Sensors (UK), a designing and manufacturing company of accelerometers, force transducers, and inclinometers, to expand its portfolio of products used for geotechnical and structural health monitoring applications.   

Geokon, Incorporated (US) held the second position in the infrastructure monitoring market in 2016 based on its hardware component offerings. The company focuses on strategies such as product launches and acquisitions to grow in the market. For instance, in November 2016, the company launched Model 8020-30, a vibrating wire interference module. This product is developed for measuring vibrations in tunnels, bridges, and pipelines, among others. Also, in December 2014, the company acquired Ealey Engineering (UK), a displacement measurement instrument manufacturing company. Through this acquisition, the company accommodated extensometers into its product line and also strengthened its base in the European market.

Top 2 players providing software and service offerings:

COWI A/S (Denmark) held a leading position in the global infrastructure monitoring market in 2016 based on the software and service offerings. COWI has core expertise in various disciplines pertaining to infrastructure monitoring systems such as planning and design of infrastructure monitoring systems, data acquisition, data presentation and analysis, structural modeling, and formulation of contingency plans. COWI has provided infrastructure monitoring services for projects such as the Stonecutters Bridge (Hong Kong), the Sutong and Chongming Bridges (China), the Naini Bridge (India), and the Great Belt Bridge (Denmark). The company is engaged in providing monitoring, consultation, and installation services related to civil infrastructure facilities such as bridges, dams, and tunnels. For instance, the company was awarded a contract to provide infrastructure monitoring services required during the construction of the Tappan Zee Crossing Bridge (US), which began in 2013 and is expected to be completed by 2018.

Geocomp Corporation (US) held the second position in this market in 2016 based on its software and services offerings. The company focuses on strategic partnerships and agreements to promote its brand image in this market. For instance, in August 2014, the company signed an agreement with HAKS Engineers, P.C. (US) to monitor the Walt Whitman Bridge (Delaware) jointly. Similarly, in January 2014, the company signed an agreement with Walsh/Shea Corridor Constructors (WSCC) to provide its iSiteCentral software for the web-based monitoring of the Crenshaw/LAX Transit Corridor project in the US.

Related Reports:

Infrastructure Monitoring Market by Technology (Wired and Wireless), Offering (Hardware: Sensors, Data Acquisition Systems; Software & Services), Vertical (Civil infrastructure, Energy), Application, and Geography - Global Forecast to 2023

Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
[email protected]

Report Code
SE 4011
RI Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Infrastructure Monitoring Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2021 MarketsandMarkets Research Private Ltd. All rights reserved