Structural Health Monitoring (SHM) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-615 | Report Format : | Status : Upcoming |

Abstract

Global Structural Health Monitoring (SHM) Market: Overview

Structural health monitoring is an essential tool for the engineers to access the safety of critical infrastructure. It includes many sensing technologies along with an integrated measurement controller to capture and analyze huge real-time data. These systems are used to monitor the performance of structures such as bridges and dams, large machinery, buildings and stadiums, vessels, airframes, equipment, wind turbines, and platforms.

Global Structural Health Monitoring (SHM) Market: Growth Factors

Growth of the structural health monitoring (SHM) market is mainly owing to the high availability of low-cost sensors. In addition, growing infrastructural development across the global may fuel the market in the coming years. Rising government initiatives in order to improve public safety and standardized structural health monitoring systems are anticipated to foster the market growth. Various market strategies to expand the footprint through acquisitions and higher investments for increasing production capacity are further expected to propel the global structural health monitoring market growth in the future. Rising adoption of distributed optic fiber and focus on low-cost energy harvesting monitoring systems is further contributing for the growth. Increasing demand for cost-effective constructions and maintenance propels the global structural health monitoring market growth. Growing concerns regarding natural calamities such as earthquake and others have led the government to implement certain regulations regarding structural health monitoring; this, in turn, enhances the global structural health monitoring market in a positive way. Conversely, the complexity associated with the implementation of the structural health monitoring solutions and lack of skilled professionals may hinder the global market growth.

Global Structural Health Monitoring (SHM) Market: Segmentation

The global structural health monitoring (SHM) market is categorized based on application, type, component, and geographical. The application segment is classified as buildings & stadiums, large machinery & equipment, bridges & dams, airframes & wind turbines, and vessels & platforms. Of these, bridges & dams segment is the leading segment in the global structural health monitoring market. However, buildings & stadiums segment contributed for the largest market share. The type segment is further segmented as wireless SHM system and wired SHM system. The wired segment is experiencing the higher growth amongst all. The component segment is segregated as software, services, and hardware. Of these, the hardware is the segment is the largest segment in the global market. Whereas, the software segment is growing at the considerable rate in the global structural health monitoring market. Furthermore, the global market is fragmented based on geographical regions as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Global Structural Health Monitoring (SHM) Market: Regional Analysis

Rapidly developing technologies in North America contributed for the market share. Asia Pacific is also growing significantly due to rapid growth in the construction sector, which may fuel the global structural health monitoring market growth in the near future. The introduction of government regulations to monitor new constructions in China is anticipated to boost the global market.

Global Structural Health Monitoring (SHM) Market: Competitive Players

Some of the key players dominating the global structural health monitoring (SHM) market are Strainstall UK Limited, Digitexx Data Systems, Inc., National Instruments Corporation, Geocomp Corporation, Hottinger Baldwin Messtechnik GmbH, Kinemetrics Inc., Nova Metrix LLC, Advitam Inc., COWI A/S, and Acellent Technologies, Inc.

Global Structural Health Monitoring (SHM) Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Graph Database Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1965 | Report Format:

Global Graph Database Market: Overview The graph database is specially designed to obtain high-level transactional performance by inhabiting both transactional integrity and operational availability. With the help of graph database, it becomes easy to relate with the data quickly as the data is ...Read More

Airport Security Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1951 | Report Format:

Global Airport Security Market: Overview Airport security includes several methods and techniques used to protect staff, passengers, and planes from malicious and/or accidental harm, threats, and other crime. Airport security is together the combination of material resources and human to protect...Read More

Enterprise Video Market by Type (Video Conferencing, Web Conferencing, Video Streaming) for BFSI, Telecom & IT, Healthcare, Transportation & Logistics, Media & Entertainment Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022

Jul-2017 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-1950 | Report Format:

The report analyzes and forecasts enterprise video market on a global and regional level. The study offers past data of past year along with forecast from 2017 to 2022 based on revenue (USD Billion). Assessment of market dynamics gives a brief thought about the drivers and restraints for the enter...Read More

API Management Market by Solution (API Portal, Security, Monetization, API Gateway, API Analytics and Administration) by Service (Training & Consulting, Support & Maintenance and Integration) by Deployment Type (On-Premises and Cloud) by Market for BFSI, IT & Telecom, Government, Healthcare, Retail & Consumer Goods, Manufacturing and Others Industries: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016- 2022

Jul-2017 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-1948 | Report Format:

The report analyzes and forecasts API management market on a global and regional level. The study offers past data of 2016 along with forecast from 2017 to 2022 based on revenue (USD Million). Estimation of market dynamics gives a brief thought about the drivers and restraints for the API manageme...Read More

Test Automation Market by Test Type (Functional Testing, Configuration Testing, Web Services Testing, Acceptance Testing, Compatibility Testing, Integration Testing, Load Testing, Security Testing, Mobile Testing, Migration Testing, Platform Testing, Usability Testing, Network Testing and QA Process Design): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022

Jul-2017 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-1937 | Report Format:

The report provides forecast and analysis for the test automation market on a global and regional level. The study provides historic data of 2016 along with a forecast from 2017 to 2022 based on revenue (USD Million). The study includes drivers and restraints for the test automation market along w...Read More

Choose License Type:
Latest Published Reports

View All Published Reports