How Big is the Drone Bridge Inspection Services Market

The drone bridge inspection market is expected to grow at a compound annual growth rate (CAGR) of 21.4% to reach US$ 996.0 million by the end of 2033, from its current worth of US$ 143.3 million in 2023.

The increased cost-effectiveness and worker safety provided by drones, along with the global bridge construction boom, are expected to drive significant demand for drone bridge inspection services. When compared to the conventional approach, drone inspection of bridges is rapid, economical, and significantly safer for personnel.

The subsequent use of drones might minimize excessive costs for inspection equipment, ropes, ladders, and other supplies. It could also prevent risks such as workers falling off a bridge while inspecting, among other things. Because of this, it is anticipated that the market would grow at a robust CAGR of 21.4% in the upcoming time frame.

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Technological advancements such as artificial intelligence, 3D mapping, and other integrations with drones to quickly examine bridge faults and generate reports for future bridge development are another element positively contributing to market expansion.

Drones provide more affordable options for inspecting bridges than the traditional approach. Drones can be used by engineers to remotely assess the most difficult portions of the bridge without halting traffic. On the other hand, a traditional bridge inspection requires specialized and costly tools, ladders, and lifts for both under- and over-the-bridge inspections.

Key Takeaways from Market Study

From 2018 to 2022, the market expanded at a compound annual growth rate (CAGR) of 9.3%.
In the type segment, Road Bridge will have the most share in 2022 with 71.0%.
60 percent of the global drone bridge inspection services market is accounted for by North America and Europe combined.
China's growth is predicted to reach its highest CAGR of 24.2% between 2023 and 2033.

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Competitive Environment

Drone bridge inspection services are a very competitive and difficult industry for service suppliers. Since bridge inspection is one of the government's primary priorities and duties, businesses who wish to perform these services must obtain approval from the government and adhere to a number of rules. Nonetheless, government organizations stand to gain a great deal from expanding the use of drones for bridge inspection, which will lead to additional service development in the near future. As an example,

The New York State Thruway Authority stated in October 2021 that it will launch a drone pilot program in collaboration with the non-profit NUAIR, located in New York. The initiative's main goal is to employ drones to more safely and efficiently evaluate various surfaces, including pavements and bridges.
Transport for NSW, a division of the New South Wales government, assumed oversight of the maintenance and inspection of Australia's 6,000 bridges, including the famous Sydney Harbour Bridge, in August 2022.

Key Companies Profiled

ABJ Drones
Aerial Robotix
AERIUM Analytics
Aeroview Services
Artrabia
Astral Aerial Solutions
AUAV
Avian UAS
Applied Technical Services, LLC
CANARD Drones
Celestis
Drontek Aerial Solution
DDC Smart Inspection
Dronegenuity
IR Aerials
Tarillo Vue Aerial Photo

Market Expansion

Due to the existence of numerous small and major market competitors, the sector is highly fragmented. Due to the entry of new competitors and the growing acceptance of drones across a range of industry verticals, the market is extremely competitive. It is anticipated that these market participants would take a number of steps to improve their service offerings and market share. However, market development is being hampered by the stringent rules necessary to carry out bridge inspections.

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Segmentation of the Drone Bridge Inspection Market

By Type:
Road Bridge
Railway Bridge

By Region:
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global drone bridge inspection market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of type (Road Bridge and Railway Bridge) across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

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This release was published on openPR.