Building Bridges for a Safer Future: A Growing Market for Bridge Monitoring Systems
By the end of 2033, the bridge monitoring systems market is projected to grow from a 2022 valuation of $940.1 million to $2,937.6 million. The bridge monitoring system market is expected to reach US$ 1,035.5 Mn in 2023 and is expected to expand at a CAGR of 12.1% between 2023 and 2033.
Highlights of market research
Several infrastructure companies and governments are adopting bridge monitoring technology to reduce costs associated with handling infrastructure repairs, creating new opportunities for vendors.
Easy accessibility and maintenance through wireless technology and wide availability of software after deployment through cloud are expected to support the growth of the wireless segment over the forecast period.
The United States was the dominant country in 2020 in terms of the value of bridge monitoring systems. In the coming years, the UK is expected to become one of the leading markets for sustainable revenue generation in bridge monitoring systems, as adoption of advanced wireless technologies increases in the country.
The European region is expected to remain a major market for bridge monitoring systems and solutions. This is because increased investment in smart city development in the region is expected to create lucrative opportunities for stakeholders.
Introduction of main company
Campbell Scientific, Inc.
HBK
Alliance Sensor Group (HG Schaevitz LLC)
Reftek Systems Ltd.
smart senses
Smartek SA
Dusoft
Vinair
geocon
sensor
Six Sense System
NBG Systems GmbH
For More info- https://www.persistencemarketresearch.com/market-research/bridge-monitoring-system-market.asp
By the end of 2033, the bridge monitoring systems market is projected to grow from a 2022 valuation of $940.1 million to $2,937.6 million. The bridge monitoring system market is expected to reach US$ 1,035.5 Mn in 2023 and is expected to expand at a CAGR of 12.1% between 2023 and 2033.
Highlights of market research
Several infrastructure companies and governments are adopting bridge monitoring technology to reduce costs associated with handling infrastructure repairs, creating new opportunities for vendors.
Easy accessibility and maintenance through wireless technology and wide availability of software after deployment through cloud are expected to support the growth of the wireless segment over the forecast period.
The United States was the dominant country in 2020 in terms of the value of bridge monitoring systems. In the coming years, the UK is expected to become one of the leading markets for sustainable revenue generation in bridge monitoring systems, as adoption of advanced wireless technologies increases in the country.
The European region is expected to remain a major market for bridge monitoring systems and solutions. This is because increased investment in smart city development in the region is expected to create lucrative opportunities for stakeholders.
Introduction of main company
Campbell Scientific, Inc.
HBK
Alliance Sensor Group (HG Schaevitz LLC)
Reftek Systems Ltd.
smart senses
Smartek SA
Dusoft
Vinair
geocon
sensor
Six Sense System
NBG Systems GmbH
For More info- https://www.persistencemarketresearch.com/market-research/bridge-monitoring-system-market.asp
Building Bridges for a Safer Future: A Growing Market for Bridge Monitoring Systems
By the end of 2033, the bridge monitoring systems market is projected to grow from a 2022 valuation of $940.1 million to $2,937.6 million. The bridge monitoring system market is expected to reach US$ 1,035.5 Mn in 2023 and is expected to expand at a CAGR of 12.1% between 2023 and 2033.
Highlights of market research
Several infrastructure companies and governments are adopting bridge monitoring technology to reduce costs associated with handling infrastructure repairs, creating new opportunities for vendors.
Easy accessibility and maintenance through wireless technology and wide availability of software after deployment through cloud are expected to support the growth of the wireless segment over the forecast period.
The United States was the dominant country in 2020 in terms of the value of bridge monitoring systems. In the coming years, the UK is expected to become one of the leading markets for sustainable revenue generation in bridge monitoring systems, as adoption of advanced wireless technologies increases in the country.
The European region is expected to remain a major market for bridge monitoring systems and solutions. This is because increased investment in smart city development in the region is expected to create lucrative opportunities for stakeholders.
Introduction of main company
Campbell Scientific, Inc.
HBK
Alliance Sensor Group (HG Schaevitz LLC)
Reftek Systems Ltd.
smart senses
Smartek SA
Dusoft
Vinair
geocon
sensor
Six Sense System
NBG Systems GmbH
For More info- https://www.persistencemarketresearch.com/market-research/bridge-monitoring-system-market.asp
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