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Bridge Monitoring System Market

Global Market Study on Bridge Monitoring Systems: Advanced Technologies Such as Data Analytics & Image Processing to Complement Demand Growth

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

Bridge Monitoring System Market Outlook (2023-2033)

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.

Bridge Monitoring System Market Size (2023)

US$ 1,035.5 Mn

Projected Market Value (2033)

US$ 2,937.6 Mn

Global Market Growth Rate (2023-2033)

12.1%

Bridge Monitoring System Hardware Segment Market Share (2022)

57.7%

U.S. Market Share (2022)

18.2%

Wireless Technology Segment Market Share (2022)

60.6%

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What Factors Influence Bridge Monitoring System Market?

“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.

  • In 2020, the company announced the completion of its new office building, “GEOKON North”. The new building includes 35 offices, a studio for photography and video production, as well as a spacious training center. In addition to all the interior features, GEOKON North also has over one hundred fifty 320-watt solar panels installed on the roof, which generated 4,360 KWh of power.
  • In April 2020, Dewesoft launched reliable, easy to use and cost-effective vibration & temperature machine condition monitoring solution. The solution suits applications such as permanent condition monitoring of blowers gearboxes, fans, motors, and other rotating machinery in mining, automotive, pulp, paper, iron, steel, chemical, cement, oil and gas, facility management and power production.
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Why is there a sharp increase in demand for structural health monitoring solutions in the US?

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.

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Why Bridge Monitoring System Can Grow in China Rapidly?

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.

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Why India has great potential for bridge monitoring system market?

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%.

Category-wise Insights

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.

Competitive Landscape

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.

  • In April 2021, SignaGuard and QuakeLogic announced the development of structural health monitoring in earth quake prone regions like the Himalayas.
  • In Dec 2021, Monnit Introduced the ALTA Motion+ Sensor to Combine Motion, Temperature, and Humidity Sensing into One Sensor.

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.

Bridge Monitoring System Industry Report Scope

Attribute

Details

Forecast Period

2023-2033

Historical Data Available for

2018-2022

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Component
  • Technology
  • Application

Key Companies Profiled

  • Campbell Scientific, Inc.
  • HBK
  • Alliance Sensors Group (H. G. Schaevitz LLC)
  • Reftek Systems Inc.
  • SMARTSENSYS
  • Smartec SA
  • Dewesoft
  • BeanAir
  • GEOKON
  • SENSR
  • SIXENSE Systems
  • NBG Systems GmbH
  • Vallen Systeme GmbH
  • Monnit
  • MicroStrain, Inc. (LORD Corporation)
  • Roctest Ltd
  • Encardio Rite
  • SignaGuard, LLC
  • MISTRAS Group, Inc
  • International Road Dynamics Inc.
  • Intelligent Infrastructure Systems
  • Pure Technologies (Xylem Inc.)
  • Digitexx

Pricing

Available upon Request

Key Segments of Bridge Monitoring System Market Industry Research

By Component:

  • Hardware
    • Monitoring Sensors
      • Vibration Sensors
      • Displacement Sensors
      • Strain Gauges (Load Cells)
      • Corrosion Sensors
      • MEMS accelerometers
      • Others
    • Data Loggers
    • Others
  • Structural Health Monitoring Software
  • Services
  • Structural Health Monitoring Services
  • Calibration Services
  • Consulting Services
  • Integration Services
  • Support & Maintenance

By Technology:

  • Wired Monitoring Systems
  • Wireless Monitoring Systems

By Application:

  • Railway Bridges
  • Road Bridges/Overpasses

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • Campbell Scientific, Inc.
  • HBK
  • Alliance Sensors Group (H. G. Schaevitz LLC)
  • Reftek Systems Inc.
  • SMARTSENSYS
  • Smartec SA
  • Dewesoft
  • BeanAir
  • GEOKON
  • SENSR
  • SIXENSE Systems
  • NBG Systems GmbH
  • Vallen Systeme GmbH
  • Monnit
  • MicroStrain, Inc. (LORD Corporation)
  • Roctest Ltd
  • Encardio Rite
  • SignaGuard, LLC
  • MISTRAS Group, Inc
  • International Road Dynamics Inc.
  • Intelligent Infrastructure Systems
  • Pure Technologies (Xylem Inc.)
  • Digitexx

- Frequently Asked Questions -

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.

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