India Bridge Inspection System Market

India Bridge Inspection System Market

The India Bridge Inspection System market size was valued at $81.86 Million in 2020 growing at the CAGR of 15.83% from 2021 to 2028. This growth is attributed to several macro and microeconomic factors such as

Strict regulations for safety measures of the bridge

Increasing cases of accidents due to bridge collapses have instigated the government to mandate regular bridge inspections. This is expected to increase the demand for bridge inspection systems and services.

The bridge inspection is done to assure that the bridge is structurally safe for public use. The high volume of traffic and increased use of heavy-load vehicles are expected to wear out bridges early, which is expected to drive bridge inspection services to demand over the next few years. Further, increasing government spending for the inspection of road and rail bridges is expected to drive the bridge inspection system market.

According to Indian Railways Bridge Manual (IRBM), all the bridges are to be inspected once a year before monsoon by PWIs/IOWs, once a year after monsoon by AENs, and important once a year by DENs. Thus, the bridge inspection market in the railway sector is expected to witness significant growth during the forecast period.

Further several factors restraining the market growth include

High Equipment Cost

For inspection of large bridges infrastructure, high cost of equipment is used. Inspection required skilled labor to maintain and use the equipment in optimal way. Bridge constructed over water bodies require inspection trucks or suspension rigs for easier and better inspection and inspection crew safety. The high maintenance cost of the equipment and high ownership cost for operating the equipment is expected to be the key factors limiting the bridge inspection system market growth.

High cost of bridge monitoring system equipment for deployment of wired network amongst sensors and cables in the bridge further increases the maintenance and installation cost of bridge monitoring system.

Collaborations and Alliances in the India Bridge Inspection System market is expected to generate higher avenues during the forecast period.

In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or lower demand in the India Bridge Inspection System market. The pandemic has caused a decline in new orders and a corresponding decrease in production.

This section will analyze how COVID-19 has impacted supply chains, leading to shortages and lower demand for India Bridge Inspection Systems.

In terms of COVID 19 impact, the India Bridge Inspection System market report also includes the following data points:

Impact on India Bridge Inspection System market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Government Policies
Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in India Bridge Inspection System market

Key Insight in the report:
The India Bridge Inspection System market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.

Our report covers extensive competitive intelligence which includes the following data points:

Business Overview
Business Segment Data
Financial Data
Product Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis

India Bridge Inspection System Market Segmentation:

Type
Bridge Inspection Cranes
Drones
Fishing Pole Mechanism System
Others
Offering
Solution
Services

Key Players Analyzed in the Report:

SGS India Pvt. Ltd.
Tetra Tech India Ltd.
STUP Consultants Private Limited
Bureau Veritas India Pvt. Ltd.
Equinox’s Drones
Stantec
IG Drones (InventGrid India Pvt Ltd.)
TUV Rhineland
CSRL-Structwel Lab
Feedback Infrastructure Services Pvt. Ltd

REPORT CONTENT:

High-level analysis of the current and future market trends and opportunities
Detailed analysis on current market drivers, restraining factors, and opportunities in the future
India Bridge Inspection System market estimates for 2020 and forecast from 2021 to 2028
Vendor market share analysis at each product level
Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.

Target Audience

Manufacturers
Suppliers and traders
Government, associations, and industrial bodies
Investors and trade experts
Consulting Firms or Individual Consultant
Anyone interested in understanding the industry dynamics of the India Bridge Inspection System market