Home / Medical Equipments / Structural Health Monitoring Market By Offering (Hardware, Software, Service), By Technology Type (Wired, Wireless), By Vertical (Civil Infrastructure, Aerospace & Defense, Energy, Mining, Others) - Growth, Future Prospects, And Competitive Analysis, 2019 – 2027

Structural Health Monitoring Market By Offering (Hardware, Software, Service), By Technology Type (Wired, Wireless), By Vertical (Civil Infrastructure, Aerospace & Defense, Energy, Mining, Others) - Growth, Future Prospects, And Competitive Analysis, 2019 – 2027


Published: Dec 2019

Availability of Low Cost Sensors is driving the Structural Health Monitoring Market

The structural health monitoring market worldwide is expected to grow with a CAGR of 19.0% during the forecast period from 2019 to 2027, starting from US$ 1.70 Bn in 2018. Extensive accessibility of low-cost sensors, growing infrastructural development across the globe shall drive the structural health monitoring market. A structural health monitoring is an essential equipment for engineers and help them to maintain various civil arrangements and improve safety. Further, changing government regulations towards the compulsory implementation of SHM systems shall drive the growth of structural health monitoring market. Hence, we expect that the structural health monitoring market will show significant growth during the forecast period.

Structural Health Monitoring Market

Civil Infrastructure Segment will Led the Market

The structural health monitoring market is segmented into aerospace & defense, civil infrastructure, mining, energy, others (automotive, industrial machinery, transportation and marine structures). The civil infrastructure segment shall be largest at a faster rate during the forecast period. It includes critical structures such as dams, bridges, highways, buildings and tunnels. Thus, the continually developing civil infrastructure sector is set to propel the market growth. Due to aforementioned reasons, we expect that the civil infrastructure segment will remain dominant during the forecast period 2019-2027.

Asia Pacific to Grow Significantly during the Forecast Period

In 2018, North America has a significant share in the global structural health monitoring market. It holds over 1/3rd share in the total revenue of the global structural health monitoring market. In order to improve the public safety and expand the structural lifespan, the enactment of the structural health monitoring system is necessary. Further, Asia Pacific is expected to hold around 1/4th of the total revenue during the forecast period. The growing infrastructure changes in the regions and changes in government policies shall drive the market in the region. Thus, we expect that Asia Pacific region will be the fastest growing region throughout the forecast period.

Some of the prominent players operating in the structural health monitoring market Advitam, Inc., COWI A/S, Digitexx Data Systems, Inc., Geocomp Corp., Geokon Inc., Geosig Ltd., Hottinger Baldwin Messtechnik, Nova Metrix LLC, Sodis Lab, Starinstall Uk ltd. among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The structural health monitoring market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global structural health monitoring market based on offering, technology, vertical and geography. Key segments covered in the report are as follows: 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Offering (2017–2027; US$ Bn)
 • Hardware
   o Sensors
   o Data Acquisition Systems
 • Software
 • Service
   o Pre-installation
   o Post-installation

 Technology (2017–2027; US$ Bn)
 • Wired
 • Wireless

 Vertical (2017–2027; US$ Bn)
 • Civil Infrastructure
 • Aerospace & Defense
 • Energy
 • Mining
 • Others (Industrial Machinery, Automotive, Transportation, and       Marine Structures)

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the market size of structural health monitoring in 2018 and forecast up to 2027?
  • Which is the largest regional market for structural health monitoring?
  • What are the major trends followed in overall structural health monitoring across different regions?
  • Who are the key structural health monitoring companies leading the market?
  • What are the key strategies adopted by the leading structural health monitoring companies in market?

Unique data points of this report

  • Recent trends across different regions in terms of adoption of structural health monitoring across various applications
  • Notable developments going on in structural health monitoring market
  • Attractive investment proposition for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

TABLE 1 Market Snapshot: Global Structural Health Monitoring (SHM) Market
TABLE 2 Global SHM Market, by Offering, 2017–2027 (US$ Bn)
TABLE 3 Global SHM Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 4 Global SHM Market, by Vertical, 2017–2027 (US$ Bn)
TABLE 5 Global SHM Market, by Geography, 2017–2027 (US$ Bn)
TABLE 6 North America SHM Market, by Offering, 2017–2027 (US$ Bn)
TABLE 7 North America SHM Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 8 North America SHM Market, by Vertical, 2017–2027 (US$ Bn)
TABLE 9 North America SHM Market, by Country, 2017–2027 (US$ Bn)
TABLE 10 Europe SHM Market, by Offering, 2017–2027 (US$ Bn)
TABLE 11 Europe SHM Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 12 Europe SHM Market, by Vertical, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific SHM Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific SHM Market, by Offering, 2017–2027 (US$ Bn)
TABLE 15 Asia Pacific SHM Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 16 Asia Pacific SHM Market, by Vertical, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific SHM Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 18 RoW SHM Market, by Offering, 2017–2027 (US$ Bn)
TABLE 19 RoW SHM Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 20 RoW SHM Market, by Vertical, 2017–2027 (US$ Bn)
TABLE 21 RoW SHM Market, by Country/Region, 2017–2027 (US$ Bn)

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