Industry Background:
Smart cities use sensors to make them more efficient, comfortable, safe, and interactive. Sensor provides bridge differential output voltage given a sensor's resistance change. The resistive sensor is placed in one of four branches of the bridge. In order to assess the condition of a bridge or another kind of transportation infrastructure, sensors are mounted on the structure and their data needs to be properly analysed. These sensors can monitor the health of structures and mechanical devices by detecting the presence of corrosion and cracks and even the condition of critical moving part. Furthermore, a large number of companies are engaging in smart city cooperation and partnerships.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | LoRa Alliance (United States), Stmicroelectronic (Netherlands), NXP Semiconductors (Netherlands), Analog Devices, Inc (United States), ams AG (Austria), Honeywell International, Inc (United States), Sensirion AG (Switzerland), Knowles Electronics, LLC (United Kingdom), Rockwell Automation (United States) and Bosch Sensortec (Germany) |
This growth is primarily driven by Increasing Application of Bridge Sensor due to High Frequency and Government Initiatives on Remotely Sensed Bridge.
Globally, a noticeable market trend is evident Growing Demand Wireless Devices
Major Players, such as LoRa Alliance (United States), Stmicroelectronic (Netherlands), NXP Semiconductors (Netherlands), Analog Devices, Inc (United States), ams AG (Austria), Honeywell International, Inc (United States), Sensirion AG (Switzerland), Knowles Electronics, LLC (United Kingdom), Rockwell Automation (United States) and Bosch Sensortec (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Global bridge sensor market is a fragmented due to their advancement and well established players. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
On 22nd January 2022, Radio Bridge Inc, is leading suppliers of wireless sensors, announced a release of exciting bridge product for Honeywell 5800 wireless sensors. This sensor particularly radio bridge sensors translates wireless Honeywell sensor data and converts the payloads to LoRaWAN. This new product allows the users to purchase ultra-cheap Honeywell sensors. The development of this product has works for few years and unique to Radio Bridge.
On 8th November 2021, OmniVision Technologies, a developer of advanced digital imaging solution, announce an launch of the OVMed OH0FA an image sensor and OAH0428 bridge chip for endoscope and catheters. OH0FA image sensor provides the 720 to 720 resolution at 30 frames per second, which is the highest resolution available for ENT, cardiac artho OB-GYN and utero-renal endoscopes, yielding visibility for surgeons to see the diagnose early stage disease.
Bridge Sensor Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Application of Bridge Sensor due to High Frequency
- Government Initiatives on Remotely Sensed Bridge
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Influencing Trends | - Growing Demand Wireless Devices
- Technological Advancement over the Globe
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Restraints | - High Cost Associated with the Sensors
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Gaps & Opportunities | - Rising Potential across Various Industries Ranging from Healthcare to Infrastructure to Manufacturing
- Growing Penetration in the Developing Countries Owing to Predictive and Preventive Maintenance
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Bridge Sensor Market
- Analysis about New Entrants in Bridge Sensor Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Bridge Sensor Study Sheds Light on
The Bridge Sensor Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Bridge Sensor industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bridge Sensor industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.