Structural health monitoring (SHM) ensures infrastructure safety, durability, and performance. By continuously monitoring structures such as bridges, buildings, and dams, SHM detects potential issues in real-time, allowing for proactive maintenance and reducing the risk of unexpected failures. This technology enhances public safety, minimizes maintenance costs, and extends the lifespan of critical infrastructure. SHM is particularly valuable in addressing the challenges of aging structures, natural disasters, and the evolving demands of modern urban environments.
Access Full Report @ https://www.databridgemarketresearch.com/reports/north-america-structural-health-monitoring-market
Data Bridge Market Research analyzes the North America Structural Health Monitoring Market, which was USD 907.0624 thousand in 2022 and is expected to reach the value of USD 3,409.52 thousand by 2030, at a CAGR of 18.0% during the forecast period of 2023-2030. The North America structural health monitoring market is driven by its position at the forefront of technological innovation. Continuous advances in sensor technologies, wireless communication, and data analytics within the region enhance the effectiveness and efficiency of structural health monitoring (SHM) systems.
Key Findings of the Study
Increasing research and development initiatives is expected to drive the market's growth rate
Research and development initiatives are pivotal drivers for the North American structural health monitoring (SHM) market. Collaborations between research institutions, industry stakeholders, and government bodies foster a dynamic ecosystem that consistently advances SHM technologies. These partnerships contribute to ongoing innovation and improvements in monitoring solutions. The synergy between academia, businesses, and regulatory bodies ensures a steady flow of resources and expertise, accelerating the development of cutting-edge SHM technologies. The collaborative approach reinforces North America's position as a leader in SHM innovation, attracting investments and promoting sustainable, resilient infrastructure development.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Hardware, Software, and Services), Connectivity (Wired and Wireless), Installation Type (New Installation and Retrofit), Method (Visual Inspection and Non-Destructive Evaluation), Application (Damage Detection, Crack Detection, Strain Monitoring, Wire Break Monitoring, Leakage Detection, Multimodal Sensing, Corrosion Detection, Hotspot Monitoring, Impact Monitoring, and Deflection Monitoring), End User (Civil, Aerospace, Energy, Mining, Marine, Industrial, Offshore Platform, Defense, School, Public Park and Recreation, Automotive, and Others)
|
|
Countries Covered
|
U.S., Canada, and Mexico in North America
|
|
Market Players Covered
|
GEOKON (U.S.), Campbell Scientific, Inc. (U.S.), SIXENSE Systems (France), Kinemetrics (U.S.), Digitexx Data Systems, Inc. (U.S.), NATIONAL INSTRUMENTS CORP. (U.S.), OSMOS Group SA (France), HBK (HBM) (Germany), Nova Ventures (U.S.), Acellent Technologies Inc. (U.S.), James Fisher and Sons plc. (U.K.), SODIS Lab (Switzerland), GoeSIG Ltd (U.K.), STRUCTURAL MONITORING SYSTEMS PLC. (U.K.), FEAC Engineering (Italy), Xylem Inc. (U.S.), Sisgeo S.r.l. (Italy), FIRST SENSOR AG (Germany), Digitex (U.S.), Geomotion Singapore (Singapore), COWI A/S (Denmark)
|
|
Data Points Covered in the Report
|
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
|
Segment Analysis:
The North America structural health monitoring market is segmented on the basis of type, connectivity, installation type, method, application, and end user.
- On the basis of type, the North America structural health monitoring market is segmented into hardware, software, and services
- On the basis of connectivity, the North America structural health monitoring market is segmented into wired and wireless
- On the basis of installation type, the North America structural health monitoring market is segmented into new installation and retrofit
- On the basis of method, the North America structural health monitoring market is segmented into visual inspection and non-destructive evaluation
- On the basis of application, the North America structural health monitoring market is segmented into damage detection, crack detection, strain monitoring, wire break monitoring, leakage detection, multimodal sensing, corrosion monitoring, hotspot monitoring, impact monitoring, and deflection monitoring
- On the basis of end user, the North America structural health monitoring market is segmented into civil, aerospace, energy, mining, marine, industrial, offshore platform, defense, school, public park and recreation, automotive, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major North America structural health monitoring market players in North America structural health monitoring market are GEOKON (U.S.), Campbell Scientific, Inc. (U.S.), SIXENSE Systems (France), Kinemetrics (U.S.), Digitexx Data Systems, Inc. (U.S.), NATIONAL INSTRUMENTS CORP. (U.S.)
Market Developments
- In May 2021, Sisgeo S.r.l., a leading provider of geotechnical and structural monitoring solutions, unveiled a significant addition to its product lineup—the MDProfile gauges. This innovative system caters to the specific needs of geotechnical and structural applications, offering precise vertical or horizontal profiling capabilities. The introduction of MDProfile marked a strategic move by Sisgeo to enhance its product portfolio, addressing the demand for accurate profiling in diverse engineering scenarios
- In November 2020, HBK (Hottinger, Brüel & Kjær) demonstrated its commitment to advancing measurement technology by updating and technically refining its compressive force transducer, the C10. This enhancement not only increased precision but also rendered the C10 more costefficient. Positioned as an ideal solution for rigorous testing branches, laboratory environments, and production applications, the upgraded C10 showcased HBK's dedication to delivering cuttingedge solutions tailored to the evolving needs of various industries
- In November 2020, COWI, a renowned engineering consultancy firm, entered a strategic agreement with the Port of Oslo, Norway's largest public commercial port. The comprehensive deal outlined COWI's commitment to providing various engineering services, encompassing electrification, heating, ventilation, air conditioning, geotechnics, water and waste management, rail systems, structural design, and environmental measures. The objective was clear—to transform the Port of Oslo into a pioneering energy and resource efficiency hub, solidifying COWI's role in shaping the port city's sustainable future
- In April 2020, Campbell Scientific introduced the GRANITE series, a revolutionary scalable dataacquisition (DAQ) system designed to redefine structural health monitoring (SHM). Boasting costeffectiveness, centralized or distributed configurations, and a robust guarantee of longterm functionality, the GRANITE series expanded the horizons of measurement flexibility. Campbell Scientific aimed to address SHM's diverse needs by providing a solution that not only broadened available channels but also promised reliable performance over an extended period, marking a significant milestone in data acquisition for structural monitoring
Regional Analysis
Geographically, the countries covered in the North America structural health monitoring market report are U.S., Canada, and Mexico in North America.
As per Data Bridge Market Research analysis:
U.S. is estimated to be the fastest growing region in North America structural health monitoring market in the forecast period 2023-2030
The U.S. is expected to grow in the structural health monitoring (SHM) market due to a convergence of factors. Technological advancements in sensor technologies and data analytics have empowered more sophisticated monitoring solutions. With increased investments in infrastructure and a heightened awareness of structural safety, there is a growing demand for SHM systems to ensure the longevity and safety of critical structures. Government initiatives and regulations supporting infrastructure resilience, combined with IoT and big data analytics integration, further contribute to the market's expansion.
For more detailed information about the North America structural health monitoring market report, click here – https://www.databridgemarketresearch.com/reports/north-america-structural-health-monitoring-market
