North America Structural Health Monitoring Market – Industry Trends and Forecast to 2030

North America Structural Health Monitoring Market, By 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) - Industry Trends and Forecast to 2030.

North America Structural Health Monitoring Market Analysis and Insights

Manufacturers are continuously trying to find ways to increase the precision of work, enhance services, and safety, and work with growing technology. The requirement for these reasons is being fulfilled by implementing structural health monitoring as they are used to provide enhanced, uninterrupted, free, and timely services at the end user applications. Structural health monitoring in the infrastructure industry is being used widely for structural health monitoring solutions and the rising adoption of digital technologies in the industrial sector. Structural health monitoring helps operators make better decisions around supply chain, machinery, assets performance, drilling, and others. The North America structural health monitoring market is expected to grow due to growing digitization in the construction industry.

Data Bridge Market Research analyzes that the North America structural health monitoring market is expected to reach the value of USD 3,409.52 thousand by 2030, at a CAGR of 18.0% during the forecast period.

North America Structural Health Monitoring Market Definition

Structural health monitoring (SHM) monitors changes in the material and geometric qualities of engineering structures, such as bridges and buildings, over time using periodically sampled response measurements. The output of this process is periodically updated information regarding the ability of the structure to perform its intended function in light of the inevitable aging and degradation resulting from operational environments for long-term structural health monitoring. After extreme events, such as earthquakes or blast loading, structural health monitoring is used for rapid condition screening and aims to provide, in near real-time, reliable information regarding the integrity of the structure.

Structural health monitoring offers the following numerous benefits to the customers: forecast and measures profits, Integrate and augment systems, track and measure construction activities, manage risk portfolio, boost revenue and enhance productivity, enable remote operations, reduce manual interactions, automate decisions, and others. Structural health monitoring simplifies communications between the system and the operators. It is helping the laborers to enhance their productivity and to optimize cost and operations.

North America Structural Health Monitoring Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:    

Drivers

• GROWING INFRASTRUCTURAL DEVELOPMENT ACROSS THE GLOBE 

Structural health monitoring (SHM) is a range of systems implemented on full-scale civil infrastructures to assist and inform operators about the continued 'fitness for purpose' of structures under gradual or sudden changes to their state and to learn about either or both of the load and response mechanisms.

Infrastructure plays a critical role in economic and social development across the globe. It has huge importance in both developed and developing economies. The impact of seismic transformation in the economy has changed citizens' perspectives.

The importance of infrastructure is widely recognized and well-researched. However, there have been relatively few attempts to track and monitor infrastructure investment across countries where studies have assessed North America infrastructure needs; the adoption of myriad definitions and approaches has consistently made monitoring trends difficult. The various initiatives and developments in infrastructure across the globe are expected to drive the growth of the North America structural health monitoring market.

Restraint

• HIGH INSTALLATION AND MONITORING COSTS

The need and requirement for structural health monitoring systems have increased due to rapid digitalization and improved industrialization. Most complicated civil structures need structural health monitoring systems. But small structures cannot manage the structural health monitoring systems' installation cost and maintenance charges. As the need increases, the raw materials cost for structural health monitoring systems gradually increases.

Both capital expenditure (CAPEX) and operational expenditure (OPEX) are essential for structural health monitoring systems. The initial procurement of structural health monitoring systems, huge cabinets, and monitoring software is included in CAPEX. Structural health monitoring systems cost more than others because they require huge cabinets containing modules that allow growth. As a result, organizations must plan for their desired capacity to reap the full benefits of structural health monitoring systems. Structural health monitoring units require ongoing, high-cost maintenance after installation. High-complexity structures necessitate high-efficiency instrumentation, which raises total costs. Furthermore, the expenditures of monitoring are quite significant. Also, structural health monitoring systems involve costing issues in the maintenance and upgradation of the system, which is projected to restrain the market.

Opportunity

INTEGRATION OF TECHNOLOGICALLY ADVANCED SOLUTIONS FOR STRUCTURAL HEALTH MONITORING

Business process automation uses technology to execute recurring tasks or processes in a business where manual effort can be replaced. It is done to minimize costs, increase efficiency, and streamline processes. Digital transformation has been a top priority for companies in recent years, but now many businesses are taking a closer look at the actively evolving concept of digitalization.

Structural health monitoring implements a damage detection strategy for aerospace, civil and mechanical engineering infrastructure. Advances in sensors and information technologies have brought structural health monitoring (SHM) a data-driven remedy for civil infrastructure safety. Typical damage experienced by this infrastructure might be the development of fatigue cracks, degradation of structural connections, or bearing wear in rotating machinery. This application's structural health monitoring solution will integrate structural dynamics, wireless data acquisition, local actuation, micro-electromechanical systems (MEMS) technology, and statistical pattern recognition algorithms.

In a sense, the new integrated technologies involve the usage of ultrasonic, dye penetration, and fibroscopy, among others. The involvement of these integrated technologies does not cause any defect or damage to the critical structures because it is difficult to monitor the entire health of a structure using only one technique; the integration approach is the greatest instrument for structural health monitoring. As a result, many key players are focusing on developing cost-effective structural health monitoring solutions that incorporate electrical, magnetic, thermal, and other physical variables, chemical variables, and a variety of technologies to provide more accurate results, which is likely to boost the adoption of integrated structural health monitoring systems.

Challenge

LACK OF STANDARDIZATION IN MANAGING LARGE VOLUMES OF DATA

The lack of standardized terminology for categorizing and describing various interventions in the field of structural health monitoring involves structural factors, environmental factors, and others that are causing problems for the health of critical structures. The structural health monitoring solution installed places is classified depending upon the criticality of the civil structures and the location of the structures. Different structural health monitoring solutions, such as the sensor system, the data acquisition, and transmission system, the data management system, the condition evaluation system, and others, are used for different intense critical structures in dams, bridges, and other manufacturing industries. Therefore, standardization acts as the major factor that acts as a major challenge for the market.

The intensity of the critical civil structure determines the appropriate structural health monitoring solution to be used with standard harmonization. However, there are some differences in the product design, testing, and installation requirements between the business and the government system due to the difference in the classification of zones by manufacturers and regulatory bodies. The above factors led to the lack of standardization, which is challenging for the market.

Recent Developments

• In May 2021, Sisgeo S.r.l. introduced the MD-Profile gauges. The system is suitable for geotechnical and structural applications, for which vertical or horizontal accurate profiling is needed, to improve the product portfolio of the company.
• In November 2020, HBK updated or technically refined its compressive force transducer C10 to make it more cost-efficient due to increased precision. This helped the product as an ideal solution for demanding test branches, laboratory, and production applications.

North America Structural Health Monitoring Market Scope

North America structural health monitoring market is segmented into six notable segments such as type, connectivity, installation, method, application, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. 

NORTH AMERICA STRUCTURAL HEALTH MONITORING MARKET, BY TYPE

• Hardware
• Software
• Services

On the basis of type, the North America structural health monitoring market is segmented into hardware, software and services.

NORTH AMERICA STRUCTURAL HEALTH MONITORING MARKET, BY CONNECTIVITY

• Wired
• Wireless

On the basis of connectivity, the North America structural health monitoring market is segmented into wired and wireless.

NORTH AMERICA STRUCTURAL HEALTH MONITORING MARKET, BY INSTALLATION TYPE

• New Installation
• Retrofit

On the basis of installation, the North America structural health monitoring market is segmented into new installation and retrofit.

NORTH AMERICA STRUCTURAL HEALTH MONITORING MARKET, BY METHOD

• Visual Inspection
• Non-Destructive Evaluation (NDE)

On the basis of method, the North America structural health monitoring market is segmented into visual inspection and non-destructive evaluation.

NORTH AMERICA STRUCTURAL HEALTH MONITORING MARKET, BY APPLICATION

• Damage Detection
• Crack Detection
• Strain Monitoring
• Wire Break Monitoring
• Leakage Detection
• Multimodal Sensing
• Corrosion Monitoring
• Hotspot Monitoring
• Impact Monitoring
• Deflection Monitoring

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.

NORTH AMERICA STRUCTURAL HEALTH MONITORING MARKET, BY END USER

• Civil
• Aerospace
• Energy
• Mining
• Marine
• Industrial
• Offshore Platform
• Defense
• Schools
• Public Parks And Recreation
• Automotive
• Others

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 & recreation, automotive and others.

North America Structural Health Monitoring Market Regional Analysis/Insights

The North America structural health monitoring market is categorized into six notable segments such as type, connectivity, installation type, method, application, and end user.

The countries covered in this market report U.S., Canada, and Mexico.

U.S. is expected to grow due to rise in technological advancement in 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 impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. In addition, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, and impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and North America Structural Health Monitoring Market Share Analysis

North America structural health monitoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, product width and breath, application dominance, product type lifeline curve. The above data points provided are only related to the company’s focus on the North America structural health monitoring market.

Some of the major players operating in the structural health monitoring market are GEOKON, Campbell Scientific, Inc., SIXENSE Systems, Kinemetrics, Digitexx Data Systems, Inc., NATIONAL INSTRUMENTS CORP., OSMOS Group SA, HBK, Nova Ventures, Acellent Technologies Inc., James Fisher and Sons plc., SODIS Lab, GoeSIG Ltd, STRUCTURAL MONITORING SYSTEMS PLC., FEAC Engineering, Xylem Inc., Sisgeo S.r.l., FIRST SENSOR AG, Digitex, Geomotion Singapore, and COWI A/S, among others.

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