Bridge Inspection Systems Are Coveted in East Asia as Governments Continue Spending in Infrastructural Expansion: Fact MR
DUBAI--(Korea Newswire)--Bridge inspection system market is gaining momentum and the trend will continue, steered by a rapid urbanization in China and South Korea. In its latest study, Fact MR, a leading market research and competitive intelligence provider, identifies Asia Pacific as one of the key markets for sales.
Demand for curbing traffic congestion is encouraging administrations to invest in bridge construction. With vehicular traffic predicted to rise exponentially, governments are investing in bridge inspection system to maintain the structural integrity of bridges.
China is spending heavily on inspection and maintenance of existing and new infrastructure. The need for accident prevention also has fueled the demand for bridge inspection and transport structure.
Bridge construction in China will continue gaining pace. In 2018, Chinese officials unveiled the longest sea bridge in the world. The 34-mile structure, Hong Kong-Zhuhai-Macau Bridge, which was inaugurated in 2018 crosses the Pearl River Delta to connect Macau with Hong Kong and the mainland city of China, called Zhuhai.
Coupled with this, various other projects of infrastructural expansion are underway that makes bridge inspection systems indispensable. Focus on timely repair and maintenance of bridges for sustenance over the years will continue creating lucrative prospects for growth in China.
“Increasing modernization in South East Asia along with rise in vehicular traffic has fueled the demand for periodic bridge inspection and maintenance, which will create growth opportunities for the market in the forthcoming years,” says a lead analyst at Fact.MR.
Drone Remains Preferred Bridge Inspection Systems Technology
According to the study, drones or unmanned aerial vehicles (UAVs) are increasingly used as bridge inspection systems because their technology allows faster data collection and rapid and precise inspection capabilities in comparison to traditional systems.
Hence, manufacturers in China and Japan are focusing on designing customized drones for bridge inspection and other operations. According to the Shenzhen UAV Industry Association, China produced around 2.9 million drones in 2017.
The demand for drones in bridge inspection system market is likely to increase, creating growth opportunities for manufacturers. Growth will be driven by drone’s ability to reach complex areas of bridges, collect HD images and create 3D model of the bridge while eliminating the need for manual labor.
Rising popularity of nondestructive testing will boost the demand for data collections through drones. Integration of data science with machine learning will help in catering to repair needs. These factors will accelerate the adoption of drones as bridge inspection systems.
Key Challenges Faced by Bridge Inspection System Market
As per the new amendment of Road Law in Japan, it is obligatory for road administrator to inspect bridge and other complex structures along with considering preventive maintenance. This law allowed various ministries in Japan to investigate highway maintenance for technological advancement.
Japan houses multiple complex bridges which require special tools and equipment along with skilled labors for inspection and maintenance. Road administrator requires a team of divers and watercrafts for under water inspection as Japan lies on heavy seismic activity zone.
Large bridges like “Eshima Ohashi Bridge” require special inspection trucks and suspension rigs. These special equipment are expensive and require skilled workers to maintain and operate them. This could act as a serious restraint to market growth.
Nonetheless, with increasing government investment and incorporation of advanced technology in inspection industry, surge in demand is on cards.
The Fact.MR study also profiles leading players in the bridge inspection system market are:
· Pitt & Sherry
· Bridge Inspection Systems
· Aspen Aerials
· Intel Deutschland GmbH (Ascending Technologies)
· KCI Technologies
· AgileAssets Inc.
· MISTRAS Group, Inc.
· Bolton Perez & Associates
Key Questions Answered by the Report
· The report offers insight into bridge inspection system market demand outlook through 2026.
· The market study also highlights projected growth of bridge inspection system market through 2026.
· Bridge inspection system market trends and evaluation of current market size and forecast and technological advancements within the industry.
· Bridge inspection system market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
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