Bridge Monitoring System Market Segmented By Component such as Hardware, Monitoring Sensors, Data Loggers, Structural Health Monitoring Software, Services, Others using Wired and Wireless Technology
Industry: IT and Telecommunication
Published Date: December-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 367
Report ID: PMRREP24487
The market for bridge monitoring system was valued at US$ 940.1 Mn in 2022, and is expected to have grown to US$ 2,937.6 Mn by the end of 2033. The market for bridge monitoring system is estimated to valuate to US$ 1,035.5 Mn in 2023, and is predicted to grow at a CAGR of 12.1% from 2023 to 2033.
Safety standards for bridges are anticipated to be higher than those for other components of transportation networks since a bridge failure could have detrimental effects on infrastructure and human life. Modern technology makes it possible to remotely collect information about the health of bridges and examine their status in real time. While bridges are still in use, bridge monitoring solutions precisely locate, identify, and notify operators of structural health issues, identifying defects, cracks, and corrosion before they become more serious problems.
Traditional visible bridge inspection methods take a lot of time and money, and it's possible that any internal deterioration will go undetected. While bridge health monitoring systems rapidly report the frequency, type, and location of damage, enabling prompt action. In terms of the regional market landscape, the market in North America held a leading market share of 30.0% in the global landscape in 2022 and is expected to retain its leading position throughout the forecast period. Meanwhile, demand for bridge monitoring system in the Europe region held around 22.7% of the market in 2022.
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Bridge Monitoring System Market Size (2023) |
US$ 1,035.5 Mn |
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Projected Market Value (2033) |
US$ 2,937.6 Mn |
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Global Market Growth Rate (2023-2033) |
12.1% |
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Bridge Monitoring System Hardware Segment Market Share (2022) |
57.7% |
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U.S. Market Share (2022) |
18.2% |
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Wireless Technology Segment Market Share (2022) |
60.6% |
“Increased demand for bridge monitoring system for real-time bridge monitoring”
The demand for bridge monitoring systems for real-time bridge monitoring has increased due to the rise in extreme climate events brought on by global climate change, the seriousness of foundational erosion of existing bridges, and growing concerns surrounding natural calamities. When faced with adversity, such as the COVID-19 pandemic, solutions will be more adaptable and robust if infrastructure maintenance and repair are standardized and automated through digitalization and the use of smart sensors. Rapid urbanization, strong need for new infrastructure in emerging economies and high focus of the governments of different countries towards development and adoption of latest technologies is driving the growth of the market.
Continuous monitoring of bridges aids engineers in validating the design forecast of structural response to external loads as the number of technologically advanced bridges rises globally. Additionally, evaluating the health of bridges has become an important component of the maintenance paradigm, particularly in nations where many structures are older than 50 years old or are considered to be in poor condition. With more than 600,000 highway bridges, 46.4% of which are rated as fair and 7.6% as being in poor condition, the United States is one of those nations where the installation of trustworthy bridge health monitoring systems is strategically essential to reduce failure risks and optimise overhauling and rehabilitation costs.
In 2022, the U.S. bridge monitoring system market helped the country to account for a dominant share of 60.8% in the North America Market.
The maintenance and lifetime extension of existing infrastructure has become increasingly more important over the past 10 years as opposed to investing in the building of new infrastructure. Several nations have put in place bridge monitoring systems over the past 20 years. For instance, the Commodore Barry Bridge in the United States, the Tsing Ma Bridge in Hong Kong, and the Confederation Bridge in Canada. Bridges in China, notably the Xupu Bridge, the Binzhou Yellow River Bridge, and the Zhanjiang Bay Bridge, have real-time monitoring systems installed. In order to prevent catastrophic failures and keep track of the state of each civil infrastructure, it is anticipated that the demand for bridge monitoring systems would increase as civil infrastructure grows.
For these reasons, the market for bridge monitoring system accounted for market share of 40.8% for 2022 in East Asia region.
Indian government is constantly investing in the development of its engineering and civil infrastructure. Manufacturers of bridge monitoring systems are anticipated to benefit from possible growth prospects as a result, helping to make bridges easier to maintain and less expensive. Growth in the market is also being fuelled by the incorporation of wireless technology, which offers simple connectivity, communication, and control of bridge monitoring systems.
Due to these factors, the market for bridge monitoring system market in India is expected to grow significantly between 2023 and 2033, with a CAGR of almost 14.7%.
Why will bridge monitoring sensors maintain a remarkable CAGR over the forecast period 2023-2033?
Real-time bridge monitoring systems are being created because to developments in sensor technology, largely replacing the requirement for physical inspection. Suppliers of bridge monitoring solutions who bundle intuitive software with the hardware will benefit. Modernization of services will be the main element propelling market players because the majority of users opt to outsource bridge monitoring and inspection tasks to service providers or system integrators.
For this reason, bridge monitoring sensors is expected to grow at a CAGR of 11.7% over the forecast period 2023-2033.
What factors are boosting demand for bridge monitoring systems due to advancements in wireless technology?
Wireless methods save sensor installation time and costs. These systems also raise safety standards because they can be easily accessed for calibration and maintenance, programmed remotely or before installation, and replaced. Because bridge monitoring wireless technology makes it simple to connect, communicate, and manage these devices, it is projected that wireless technology advancements will play a significant role in boosting demand for structural health monitoring.
For these reason, wireless technology segment accounted to hold the largest market share of 66.7% for the year 2022 by technology segment.
Bridge monitoring system solution vendors are either companies that are completely dedicated to the development of technologies and solutions dedicated to farming, or is one of their business segments.
Recent developments related to key players providing bridge monitoring system market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.
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Attribute |
Details |
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Forecast Period |
2023-2033 |
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Historical Data Available for |
2018-2022 |
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Market Analysis |
US$ Mn for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
By Component:
By Technology:
By Application:
By Region:
To know more about delivery timeline for this report Contact Sales
In 2022, the market value of bridge monitoring system was US$ 940.1 Mn.
The global bridge monitoring system market is estimated to advance at a 12.1% CAGR through 2033.
The market for bridge monitoring system is forecasted to reach US$ 2,937.6 Mn by 2033 end.
Demand for bridge monitoring system market in India is projected to rise at a CAGR of 14.7% over the forecast period.
Global warming and climate change, natural disasters and social unawareness.
