Bridge Inspection System Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Structural Health Monitoring Software, services, Calibration Services, Consulting Services, Integration Service and Support & Maintainance); By Technolo

Bridge Inspection System Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Structural Health Monitoring Software, services, Calibration Services, Consulting Services, Integration Service and Support & Maintainance); By Technology; By Application; By Region; Segment Forecast, 2023- 2032

The global bridge inspection system market size is expected to reach USD 1.62 billion by 2032, according to a new study by Polaris Market Research. The report “Bridge Inspection System MarketShare, Size, Trends, Industry Analysis Report, By By Component (Hardware, Structural Health Monitoring Software, services, Calibration Services, Consulting Services, Integration Service and Support & Maintaince); By Technology; By Application; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides an analysis of future market growth.

The rising major participant's focus on the advancements of bridges is the major factor bolstering the growth of the market. As there are more technologically advanced bridges worldwide, ongoing bridge monitoring helps engineers validate the design forecast of structural reaction to additional loads. For instance, in January 2022, the acquisition of White Engineering by CEC will assist to structure civil engineering, construction engineering and inspection, material testing, surveying and mapping, and power supply, the company said in a press release. This union of two of Oklahoma's oldest and most seasoned engineering businesses benefits clients in several ways. Some of the state's most skilled structural engineers work with White Engineering.

Also in December 2021, to integrate motion, temperature, & humidity detection into one sensor, Monnit developed the ALTA motion + sensor. The ALTA Motion+ Sensor has a built-in scientific-grade humidity element that monitors RH levels between 0 and 100%. Thus, these advancements in the products for the manufacturing facilities as well as mergers among major players are the factors driving the growth of the market over the forecast period.

Furthermore, assessing the status of bridges has become a crucial element of the maintenance paradigm, especially in countries where the money structure is older than 50 years or is thought to be in poor shape. The United States is one of those countries with more than 600,000 highway bridges, of which 46.4% are rated as fair and 53.6% as being in poor condition, making the installation of reliable bridges and health monitoring systems strategically important to minimize failure risks and optimize overhauling and rehabilitation costs.

Bridge Inspection System Market Report Highlights

The monitoring system segment is anticipated to grow at a highest CAGR over the forecast period. Because most users want to outsource bridge monitoring, the modernization of services.

With majority of global revenue coming from wireless, it dominated the global market globally, they can be readily accessible for calibration & maintenance, programmed remotely or before installation.

Asia pacific holds a dominant market share. The use of wireless technology, which provides straightforward connectivity, communication, and control of bridge monitoring systems, also contributes to market growth.

The global players include Ayres Associates, American Rail Engineers, Burns & McDonnell, Collins Engineering, Kedmor Engineering, KCI Technologies, Mistras, Modjski and Masters, Mabey Group, Patriot Rail, and Short Elliot.

Polaris Market Research has segmented the Bridge Inspection System Market report based on component, technology, application, and region:

Bridge Inspection System Market, Components Outlook (Revenue - USD Billion, 2019- 2032)

Hardware

Monitoring System

Vibration sensors

Displacement sensors

Strain Gauges (Load Cells)

Corrosion Sensors

MEMS Accelerometer

Others

Structural Health Monitoring Software

Services

Calibration Services

Consulting Services

Integration Service

Support & Maintenance

Bridge Inspection System Market, Technology Outlook (Revenue - USD Billion, 2019- 2032)

Wired Monitoring System

Wireless Monitoring System

Bridge Inspection System Market, Application Outlook (Revenue - USD Billion, 2019- 2032)

Railway Bridges

Road Brigeds/ Overpasses

Bridge Inspection System Market, Regional Outlook (Revenue - USD Billion, 2019- 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa