1 / 4

Global Structural Health Monitoring Market Size

Global Structural Health Monitoring Market Insights<br>Structural Health Monitoring Market size was valued at USD 2210 million in 2021 and is poised to grow from USD 2530.27 million in 2022 to USD 7595 million by 2030, growing at a CAGR of 14.7% in the forecast period (2023-2030).<br>Structural health monitoring (SHM) involves the observation and analysis of a system over time using periodically sampled response measurements to monitor changes to the material and geometric properties of engineering structures such as bridges and buildings. The SHM process involves selecting the excitation methods,

Ritanshu
Download Presentation

Global Structural Health Monitoring Market Size

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Global Structural Health Monitoring Market Size, Share, Growth Analysis, By Offering by End-use by Installation Type by Method by Application - Industry Forecast 2023-2030

  2. Global Structural Health Monitoring Market Insights Structural Health Monitoring Market size was valued at USD 2210 million in 2021 and is poised to grow from USD 2530.27 million in 2022 to USD 7595 million by 2030, growing at a CAGR of 14.7% in the forecast period (2023- 2030). Structural health monitoring (SHM) involves the observation and analysis of a system over time using periodically sampled response measurements to monitor changes to the material and geometric properties of engineering structures such as bridges and buildings. The SHM process involves selecting the excitation methods, the sensor types, number and locations, and the data acquisition/storage/transmittal hardware commonly called health and usage monitoring systems. The major factors contributing to the market growth are increased importance of automated maintenance and repair of critical infrastructures, cascading effects of structural failures such as loss of lives and capital, significant investments in infrastructure sector, stringent government regulations to build sustainable structures, aging infrastructure and benefits offered by structural health monitoring, and reduced costs of structural health monitoring systems. This technology is an integration of data acquisition and transmission systems, sensors, analyzing tools, and measuring amplifiers, and software. The system plays a key role in detecting damages using predictive maintenance, boosts safety of the structure, and enables automatic response, thus saving time and costs. The market has observed gradual recovery from 2021 as the governments are resuming infrastructure development work to reduce the unemployment rate caused by the COVID-19 pandemic. Moreover, the halting of operations of the airlines due to travel restrictions imposed by the countries could increase the maintenance, repair, and overhaul activities in the aviation sector.

  3. Global Structural Health Monitoring Market Segmental Analysis Global structural health monitoring market has been segmented based on offering, technology, end use, installation type, method, application, and region. Based on offering, global structural health monitoring market is segmented into hardware, software & services. On the basis of technology, global structural health monitoring market is segmented into wired & wireless. According to end use, global structural health monitoring market is segmented into civil infrastructure, aerospace & defense, energy, mining, and others. By installation type, the market is segmented into new installation and retrofit. By method, the market is segmented into visual inspection and non-destructive evaluation. By application, the 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. By region, the Structural Health Monitoring Market is segmented into North America, Asia Pacific, Europe, Latin America, and MEA. Get the best overview of Structural Health Monitoring https://www.skyquestt.com/report/structural-health-monitoring- market Top Players in Global Structural Health Monitoring Market •Nova Metrix LLC •Campbell Scientific, Inc. •Cowi A/S •Geocomp Corporation •Geokon, Inc. •National Instruments Corporation

  4. •Pure Technologies Ltd. •RST Instruments Ltd. •Senceive Ltd. •Strainstall UK Ltd. •Digitexx Data Systems, Inc. •Acellent Technologies, Inc. •AVT Reliability Ltd. •Bridge Diagnostics, Inc. •EDMI Limited •Fugro N.V. •Geomotion Singapore Pte Ltd. •Hottinger Baldwin Messtechnik GmbH •Kinemetrics Inc. •Sensuron LLC. About Us: Sky Quest Technology is leading growth consulting firm providing market intelligence, commercialization, and technology services. It has 450+ happy clients globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741 Email:sales@skyquestt.com Sky Quest

More Related