Global Structural Health Monitoring Market, By Technology (Wired and Wireless Structural Health Monitoring), Offering (Hardware and Software and Services), Vertical (Civil Infrastructure, Aerospace and Defence, Energy, Mining and Others), Implementation Method (New Construction and Retrofitting), Application (Structural Health Monitoring and Nondestructive Testing, Damage Detection, Crack Detection, Impact Monitoring, Corrosion Monitoring, Strain Monitoring and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Structural Health Monitoring Market
Structural health monitoring market is expected to grow at a CAGR of 17.05% in the forecast period of 2020 to 2027. Data Bridge Market Research report on structural health monitoring market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Structural Health Monitoring (SHM) is the utilization of non-ruinous detecting and investigation of basic qualities to recognize if any harm has happened at a specific area and gauge its seriousness and assess results. The variables that drives the development of the worldwide structural health monitoring market estimate the incorporate fast infrastructural improvement everywhere throughout the world, rising government activities for open security and broad scope of transfer of sensors that are accessible in low cost.
High capital investments for structural health monitoring, aging infrastructure and superior benefits of structural health monitoring and decreasing cost of sensors resulting in reduced structural health monitoring system cost are the factors driving the growth of structural health monitoring market. High installation and monitoring cost are the factors restraining the structural health monitoring market. Rate of adoption of structural health monitoring methodology is increasing day by day in major countries of APAC, such as India and China which acts as an opportunity. Requirement of skilled labours are the challenges faced by the structural health monitoring market.
This structural health monitoring market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research structural health monitoring market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Structural Health Monitoring Market Scope and Market Size
Structural health monitoring market is segmented on the basis of technology, offering, vertical, implementation method and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, structural health monitoring market is segmented into wired and wireless structural health monitoring.
- Based on offering, structural health monitoring market is segmented into hardware and software and services. Hardware is sub-segmented into sensors, data acquisition systems and communication systems and others. Sensors are further segmented into accelerometers, displacement sensors, inclinometers and tiltmeters, strain gauges, corrosion sensors, temperature sensors and others. Services are further segmented into pre-installation, and post-installation.
- Based on vertical, the structural health monitoring market is segmented into civil infrastructure, aerospace and defence, energy, mining and others. Civil infrastructure is sub-segmented into dams, bridges, stadiums, buildings, tunnels and others. Energy is sub-segmented into airframes, wind turbines and others.
- Based on implementation method, the structural health monitoring market is segmented into new construction and retrofitting.
- Based on application, the structural health monitoring market is segmented into structural health monitoring and nondestructive testing, damage detection, crack detection, impact monitoring, corrosion monitoring, strain monitoring and others.
Structural Health Monitoring Market Country Level Analysis
Structural health monitoring market is analysed and market size, volume information is provided by country, technology, offering, vertical, implementation method and application as referenced above.
The countries covered in the market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the structural health monitoring market because of the growing infrastructural developments, increasing private investments for developing new infrastructure and improve ageing infrastructure as well as government initiative towards the adoption of structural health monitoring market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Structural Health Monitoring Market Share Analysis
Structural health monitoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to structural health monitoring market.
The major players covered in the structural health monitoring market report are ova Metrix, Geokon, Campbell Scientific, Cowi, Geocomp, Acellent, Sixense, Pure Technologies, Structural Monitoring Systems, Digitexx, First Sensor, Bridge Diagnostics, Sisgeo, Rst Instruments, Avt Reliability (Aesseal), Geomotion Singapore, Strainstall, Hottinger Baldwin Messtechnik, Kinemetrics, Feac Engineering, Yapidestek Engineering, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.