Global Bridge Inspection System Market to Deliver Prominent Growth & Striking Opportunities during 2018-2026
Since its inception, a high adoption of bridge inspection system is witnessed, especially in developed countries such as the U.S. and the U.K. Various types of service providers are also needed for facilitating the proper functioning of a Bridge Inspection System Market. Bridge inspection systems are widely used across both roadway bridges and railway bridges. However, a higher adoption during the inspection of roadway bridges is witnessed, when compared with that of railway bridges.
With the increasing failure of large construction structures, a demand for an inspection system to keep a regular check on these structures was witnessed. Owing to this demand, various types of structural inspection systems were introduced in the market. Marine structure inspection system, water tanks inspection system, dam inspection system, bridge inspection system and retaining wall inspection system are some of them.
One of the recent trends witnessed in the global bridge inspection system market is the increasing focus towards the adoption of portable and compact bridge inspection systems. Owing to this, an increasing application of drones for the process of bridge inspection is witnessed. Besides this, lightweight bridge inspection system (approx. 350g), including a fisheye lens, a camera, and a transmitter for producing visual images of a bridge was also introduced.
In terms of value, the bridge inspection system market has witnessed considerable traction in the past four years. Furthermore, bridge inspection system is expected to exhibit a significant growth rate during the forecast period, owing to the increasing construction of bridges globally.
Bridge Inspection System Market: Market Dynamics
Increasing industrialization and urbanization witnessed amongst the developing countries such as India, Argentina, Brazil, and Mexico is expected to increase the construction of large superstructures such as bridges and buildings. As a result, demand for bridge inspection system also increases correspondingly. Thus, the increasing urbanization witnessed across the globe is expected to be a significant factor impelling the growth of the global bridge inspection system market in terms of value.
In addition to this, increasing bridge collapse accidents have also led to the adoption of bridge inspection system. The initiatives taken by the government for ensuring the proper safety of large construction structures, with the intention of eliminating/reducing the accidents, are one of the major driving factors for the global bridge inspection system market.
Owing to the expanding construction industry in developing countries such as India, China, and Brazil, high growth opportunities for the development of bridge inspection systems market lie in the same, in terms of value. Thus, various bridge inspection system vendors and service providers are recommended to invest and expand their business in the respective countries.
However, the high cost associated with bridge inspection systems is considered to be a major factor in challenging the adoption of the same across countries lacking the resources. As a result, this is expected to be a major restraining factor for the global bridge inspection system market.
Bridge Inspection System Market: Key Players
Some of the key players in the bridge inspection system market are pitt&sherry, Bridge Inspection Systems, Aspen Aerials, Intel Deutschland GmbH (Ascending Technologies), KCI Technologies, AgileAssets Inc., Stantec, MISTRAS Group, Inc., Bolton Perez & Associates, and a few others.
Bridge Inspection System Market: Regional Overview
By geography, the bridge inspection system market can be segmented across North America, Latin America, Western Europe, Eastern Europe, China, Japan, SEA and others in the Asia Pacific, and Middle East & Africa. Among these regions, North American bridge inspection system market is expected to dominate the global bridge inspection system market during the forecast period, owing to the high adoption of both bridge inspection cranes and portable bridge inspection system, complemented by the presence of the maximum number of bridges in the region. Asia Pacific (including Japan and China) bridge inspection system market and Europe bridge inspection system market are expected to follow North American bridge inspection system market in the global bridge inspection system market, in terms of revenue. SEA and others of APAC bridge inspection system market are, however, expected to exhibit highest growth rate during the forecast period due to the high demand and growth opportunities associated in India for the bridge inspection system market. Besides this, Latin America bridge inspection system market is also expected to witness a significant growth rate during the forecast period, in the global bridge inspection system market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, deployment, component, and end user.
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