Structural Health Monitoring Market Size, Technology, Forecast 2030

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Structural Health Monitoring Market Size Worth
USD 6.19 Billion in 2030
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Rapid advancement in sensing technology due to
investments in RD, and reduced cost of
structural health monitoring devices are driving
global structural health monitoring market
revenue growth
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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
The global structural health monitoring
market size was USD 1.87 Billion in 2021 and is
expected to register a revenue CAGR of 14.3 over
the forecast period, according to the latest
analysis by Emergen Research. Rapid advancement
in sensing technology due to investments in RD
and reduced cost of structural health monitoring
devices are some key factors driving structural
health monitoring market revenue growth.
Sensors are being widely used by companies,
across various industries, where process plants
have installed sensors to digitize operations for
process control and connected major processes in
their plants. In addition, this can be used to
gather and analyze data to achieve higher levels
of process efficiency. Linking up intelligent
sensing with Artificial Intelligence (AI) and
Machine Learning (ML), can support
decision-making and increase optimization of
performances.
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Market Summary
Some Key Highlights From the Report On 30 April
2020, Campbell Scientific, Inc., created Granite
series, a modular Data-Acquisition (DAQ), which
can be centralized or distributed. It reduces
total cost of ownership and operation of data. A
broad range of measurement modules facilitates
expansion of channels and flexibility for all
critical SHM measurements. The hardware segment
revenue is expected to account for largest
revenue share over the forecast period owing to
rapid advancement in sensing technology due to
investments in RD and reduction in cost of
installing structural health monitoring. Wired
hardware systems allow continuous transmission of
data, which facilitates real-time collection of
data and enable user to monitor structural health
of infrastructure. The wired segment accounted
for a significantly robust revenue share in 2021
owing to its rapid increase in demand for
monitoring health of structures. Structural
Health Monitoring (SHM) is widely adopted in
civil infrastructure for continuous monitoring of
structures, which may help to improve life of
structure and its performance and preventing
sudden failure of structures and loss of life.
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Market Summary
Some Key Highlights From the Report Key players
in the global market include Nova Ventures,
Geokon, Campbell Scientific, Inc., Structural
Monitoring Systems plc., CGG SA, Acellent
Technologies, Inc., Sixense, Xylem Inc., SGS
S.A., and Digitexx Data Systems, Inc. Request
Free Sample Copy_at_ https//www.emergenresearch.com/
industry-report/structural-health-monitoring-marke
t
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Market Summary
Emergen Research has segmented the global
structural health monitoring market based on
offering, technology, end use, and
region Offering Outlook (Revenue, USD Billion,
20192030) Hardware Software Services Technology
Outlook (Revenue, USD Billion, 20192030) Wired Wi
reless End Use Outlook (Revenue, USD Billion,
20192030) Civil Infrastructure Aerospace and
Defense Energy Mining Read More_at_
https//www.emergenresearch.com/industry-report/st
ructural-health-monitoring-market
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Parameter Details
Market Size Estimation Period 2022-2030
Base Year Considered 2021
Historical Data 2019-2020
Forecast Period 2022-2030
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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