The global Structural Health Monitoring Market size was valued at USD XX million in 2017 and is expected to witness a CAGR of XX% during the forecast period.Structural health monitoring tool enables civil engineers to cut short maintenance cost and enhance safety measures of significant and important architectural structures. The SHM systems fundamentally includes functions such as monitoring and testing of performance and health of huge machinery, turbines, airframes, and infrastructures such as buildings, dams, bridges, and stadiums. This technology integrates processes such as transmission systems and data acquisition, analysing tools, sensors, and measuring amplifiers. The system performs a crucial role in the detection of damages using predictive maintenance, enhances the integrity and safety of the structure, and automates response, thereby saving time and costs.
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The Structural health monitoring market is classified by solution, application, technology, and region. On the basis of solution the market is segmented into hardware, software and services. Further, the hardware is classified into Sensors, Data Acquisition Systems and Others.
The global structural health monitoring market is fragmented with the presence of global and regional players which include National Instrument Corporation, Digitexx Data Systems, Inc., Accelent Technologies, Inc., Advitam, Inc., Geokon ALS, Geocomp Corporation, Pure Technologies, and Structural Monitoring among others.
Straddle Carrier Market Key Segments:
On the basis of Solution:
Data Acquisition Systems
On the basis of Technology:
On the basis of Application Type:
Bridges & Dams
Building & Stadiums
Vessels & Platforms
Airframes & Wind Turbines
Large Machines & Equipment
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The global structural health monitoring market is majorly been driven by rapid expansion being witnessed in the infrastructure sector across the globe. High scale government initiatives towards the standardization of SHM systems and public safety are also the primary factors bolstering the market growth. Strict regulations related to sustainability of structures and decreasing sensor cost are further expected to accelerate market growth.
Further, based on application the market is classified into bridges & dams,building & stadiums,vessels & platforms,airframes & wind turbines andlarge machines & equipment. On the basis of region the market is classified into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa.
In developing economies, ongoing large projects which includes smart cities are utilizing these systems to assess the overall health of the infrastructure. These projects are provide growth impetus to the market during the forecast period. Expanding infrastructural developments around the world and rising concerns pertaining to natural disasters are forcing governments across the world to enforce regulations regarding SHM, thereby resulting in tremendous growth opportunities for the market.
Table of Content (TOC):
Chapter 1 Introduction and Overview
Chapter 2 Industry Cost Structure and Economic Impact
Chapter 3 Rising Trends and New Technologies with Major key players
Chapter 4 Global Structural Health Monitoring Market Analysis, Trends, Growth Factor
Chapter 5 Structural Health Monitoring Market Application and Business with Potential Analysis
Chapter 6 Global Structural Health Monitoring Market Segment, Type, Application
Chapter 7 Global Structural Health Monitoring Market Analysis (by Application, Type, End User)
Chapter 8 Major Key Vendors Analysis of Structural Health Monitoring Market
Chapter 9 Development Trend of Analysis
Chapter 10 Conclusion
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