Smart Bridges Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

Smart bridges are constructed using advanced technology, which includes of use sensors to detect damages on structures. There are variety of sensors that can provide information regarding structural integrity and damages on a bridge. For instance, strength gauges measure the strength of connection between joints and fiber-optic sensors detect deformation of certain damages in the structures. Furthermore, accelerometers efficiently measure the vibration of the bridges. Engineers use modal analysis and signal processing to detect changes in the vibration patterns of the bridge that would indicate possibility of damage. Smart bridges alert the maintenance department before occurrence of any uncertainty by providing more efficient and real-time monitoring and inspection.

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Increasing demand for efficient and advanced technology, rising incidences of bridge collapse, flourishing construction industry, increasing government initiatives across globe, and advantages offered by smart bridges are the major factors driving growth of the smart bridges market. Furthermore, increasing adoption of smart bridges in development of smart cities in emerging economies such as China and India are creating growth opportunities for the smart bridges market. However, high cost of research and development, availability of alternative methods such as visual inspection, dye penetrant testing, magnetic particle testing, and ultrasonic techniques, and high maintenance cost of smart bridges as compared to conventional bridges are the major restraining factor for growth of smart bridges market.

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Key Developments of Smart Bridges Market

Major players in the smart bridges market are focused on development of advanced constructions which can sustain changing environmental conditions and meet demands of increasing populations. For instance, in March 2018, Construction Canada reported that researchers at UBC’s Okanagan campus have found memory alloy bridges may experience less earthquake damage than their steel reinforced concrete versions. Shahria Alam, a professor of engineering at UBCO explained that more than 100 steel reinforced concrete bridges had to be completely demolished and rebuilt after the Kobe earthquake in Japan in 1995, even though they were still standing. Furthermore, MX3D, software Solutions Company is 3D printing a 12 meter long stainless steel pedestrian bridge, which will be in place crossing one of Amsterdam’s canals in the old city center by late 2018. The company collaborated with consortium of mathematicians and IoT specialists to develop a smart sensor network to monitor the bridge’s health in real time. Key players operating in Smart Bridges market include Siemens AG, IBM Corporation, Honeywell International Inc., Cisco Systems Inc, Kapsch TrafficCom, Huawei Technologies Co., Ltd, Alcatel-Lucent,
Indra SIstemas, and Lord Corporation.

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