Smart Infrastructure Market Share, Growth & Forecast [2031]

Segments - Smart Infrastructure Market by End-user (Built Environment, Communications, Transport, and Utilities), Type (Intelligent Buildings, Intelligent Transportation Network, Smart Water Work, and Smart Grid), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global smart infrastructure market size was USD XX Mn in 2022 and is likely to reach USD XX Mn by 2031, expanding at a CAGR of XX% during 2023–2031. The growth of the market is attributed to the rising need for intelligent infrastructure systems to build a smart urban system that caters to the demands of the rising population in an organized and efficient manner.

Technological advancements and innovations in every aspects of a consumer’s life are reshaping the economy, lifestyle, and society. Industrialization is considered a driver of economic growth. The pace of industrialization is significantly high in urban areas. Rise in population due to industrialization creates enormous pressure on city infrastructure.

Global Smart Infrastructure Market Outlook

Smart infrastructure provides concrete and actionable solutions to address complexities and challenges in urban infrastructure. The regulators leverage advanced technologies to improve city operations and address key issues such as mobility, communication, basic amenities, and sustainability in an urban setup. The urban infrastructure needs advanced multi-modal public transit systems, integrated basic services, and security services to support population growth.

Urban communities face complex challenges such as infrastructure upkeep and sustainability issues. Smart infrastructure is a system that uses data to formulate strategies for efficiently organizing resources and energy in an urban setup. Smart infrastructure system uses data to efficiently organize water supply network, energy grids, transportation network, and safety mechanisms with the help of information & communication technology (ICT). To achieve sustainable development goals, urban planners develop city structures by leveraging data for optimized resources and energy use.

Smart Infrastructure Market Dynamics

Drivers

Expansion of telecom infrastructure and technological advancements in telecommunications networks are anticipated to drive the market. Smart infrastructure needs a comprehensive and robust telecom network as a base. With the advent of wireless sensor networks, the Internet of Things (IoT), and cloud computing, smart infrastructure operations are fast-paced to enhance the quality of life.

Increasing focus on meeting the sustainable development goals prescribed by policymakers is expected to drive the market. The depletion of natural resources in the urban landscape and its associated effect on the atmosphere have encouraged policymakers to adopt sustainable solutions to reduce the environmental footprint. Smart infrastructure helps urban administrators reduce carbon footprint by decreasing greenhouse emissions with the help of IOT and wireless sensor networks.

Restraints

Security vulnerabilities in the telecom and data networks are likely to hinder the market. Telecom networks comprise multiple layers of operations and are often exposed to cyberattacks. The concern about IoT security and privacy in smart infrastructure affects the quality of data and decision-making in operational strategies.

Opportunities

Smart IoT technologies, Green buildings, 5G infrastructure networks, and smart utilities are likely to create significant opportunities in the market. The growth of the infrastructure sector is linked to the rise in population and industrialization. Disruptive technologies help city administrators to implement effective strategies with the help of insights generated by data availed through IoT technologies.

Scope of the Smart Infrastructure Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Smart Infrastructure Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	End-user (Built Environment, Communications, Transport, and Utilities), and Type (Intelligent Buildings, Intelligent Transportation Network, Smart Water Work, and Smart Grid)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
Key Players Covered in the Report	Siemens; Koninklijke Philips N.V.; Schneider Electric; Indra Sistemas, S.A.; Sensus; Aclara Technologies LLC.; Topcon; and Renesas Electronics Corporation

Market Segment Insights

Based on end-user, the smart infrastructure market is divided into built environment, communications, transport, and utilities. The built environment segment is expected to expand at a significant pace during the projection period owing to the wide variety of structures included in the built environment. The built environment comprises industrial, commercial, and residential structures.

Global Smart Infrastructure Market End User

On the basis of type, the global market is segregated into intelligent buildings, intelligent transportation network, smart water work, and smart grid. The smart grid segment is projected to register a considerable CAGR during the forecast period owing to a reduction in electricity losses, theft, and cost. A smart grid identifies variations in power usage and regulates the distribution automatically.

In terms of region, the global smart infrastructure market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period owing to the rising adoption of smart technologies and government initiatives to promote smart cities for an efficient urban transformation. The policymakers in the region are rapidly integrating digital technologies to address the metropolitan challenges.

Global Smart Infrastructure Market Region

Segments

The smart infrastructure market has been segmented on the basis of

End-user

Built Environment
Communications
Transport
Utilities

Type

Intelligent Buildings
Intelligent Transportation Network
Smart Water Work
Smart Grid

Region

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Siemens
Koninklijke Philips N.V.
Schneider Electric
Indra Sistemas, S.A.
Sensus
Aclara Technologies LLC.
Topcon
Renesas Electronics Corporation

Competitive Landscape

Major players in the global smart infrastructure market include Siemens; Koninklijke Philips N.V.; Schneider Electric; Indra Sistemas, S.A.; Sensus; Aclara Technologies LLC.; Topcon; and Renesas Electronics Corporation. These companies are adopting strategies such as mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumers worldwide. For instance,

In April 2023, Renesas Electronics Corporation announced that it has introduced a firmware, ZMOD digital gas sensors for autonomous monitoring of air quality. These sensors can monitor and identify harmful elements present in the air in the outdoor space.

Global Smart Infrastructure Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Infrastructure Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Infrastructure Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Infrastructure Market - Supply Chain
  4.5. Global Smart Infrastructure Market Forecast
     4.5.1. Smart Infrastructure Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Infrastructure Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Smart Infrastructure Market Absolute $ Opportunity
5. Global Smart Infrastructure Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Smart Infrastructure Market Size and Volume Forecast by Types
     5.3.1. Intelligent Buildings
     5.3.2. Intelligent Transportation Network
     5.3.3. Smart Water Work
     5.3.4. Smart Grid
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Smart Infrastructure Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Smart Infrastructure Market Size and Volume Forecast by End Users
     6.3.1. Built Environment
     6.3.2. Communications
     6.3.3. Transport
     6.3.4. Utilities
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Smart Infrastructure Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Smart Infrastructure Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Smart Infrastructure Demand Share Forecast, 2019-2026
8. North America Smart Infrastructure Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Smart Infrastructure Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Smart Infrastructure Market Size and Volume Forecast by Types
     8.4.1. Intelligent Buildings
     8.4.2. Intelligent Transportation Network
     8.4.3. Smart Water Work
     8.4.4. Smart Grid
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Smart Infrastructure Market Size and Volume Forecast by End Users
     8.7.1. Built Environment
     8.7.2. Communications
     8.7.3. Transport
     8.7.4. Utilities
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Smart Infrastructure Demand Share Forecast, 2019-2026
9. Latin America Smart Infrastructure Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Smart Infrastructure Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Smart Infrastructure Market Size and Volume Forecast by Types
     9.4.1. Intelligent Buildings
     9.4.2. Intelligent Transportation Network
     9.4.3. Smart Water Work
     9.4.4. Smart Grid
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Smart Infrastructure Market Size and Volume Forecast by End Users
     9.7.1. Built Environment
     9.7.2. Communications
     9.7.3. Transport
     9.7.4. Utilities
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Smart Infrastructure Demand Share Forecast, 2019-2026
10. Europe Smart Infrastructure Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Smart Infrastructure Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Smart Infrastructure Market Size and Volume Forecast by Types
     10.4.1. Intelligent Buildings
     10.4.2. Intelligent Transportation Network
     10.4.3. Smart Water Work
     10.4.4. Smart Grid
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Smart Infrastructure Market Size and Volume Forecast by End Users
     10.7.1. Built Environment
     10.7.2. Communications
     10.7.3. Transport
     10.7.4. Utilities
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Smart Infrastructure Demand Share Forecast, 2019-2026
11. Asia Pacific Smart Infrastructure Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Smart Infrastructure Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Smart Infrastructure Market Size and Volume Forecast by Types
     11.4.1. Intelligent Buildings
     11.4.2. Intelligent Transportation Network
     11.4.3. Smart Water Work
     11.4.4. Smart Grid
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Smart Infrastructure Market Size and Volume Forecast by End Users
     11.7.1. Built Environment
     11.7.2. Communications
     11.7.3. Transport
     11.7.4. Utilities
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Smart Infrastructure Demand Share Forecast, 2019-2026
12. Middle East & Africa Smart Infrastructure Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Smart Infrastructure Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Smart Infrastructure Market Size and Volume Forecast by Types
     12.4.1. Intelligent Buildings
     12.4.2. Intelligent Transportation Network
     12.4.3. Smart Water Work
     12.4.4. Smart Grid
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Smart Infrastructure Market Size and Volume Forecast by End Users
     12.7.1. Built Environment
     12.7.2. Communications
     12.7.3. Transport
     12.7.4. Utilities
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Smart Infrastructure Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Smart Infrastructure Market: Market Share Analysis
  13.2. Smart Infrastructure Distributors and Customers
  13.3. Smart Infrastructure Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Siemens
     13.4.2. Koninklijke Philips N.V.
     13.4.3. Schneider Electric
     13.4.4. Indra Sistemas, S.A.
     13.4.5. Sensus
     13.4.6. Aclara Technologies LLC.
     13.4.7. Topcon
     13.4.8. Renesas Electronics Corporation