Structural Health Monitoring Market Report 2022: Rising Demand for Standardization and Automation for Repair and Maintenance of Civil and Infrastructure Structures Driving Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Structural Health Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” report has been added ResearchAndMarkets.com’s offer.

The global structural health monitoring market reached a value of USD 1.7 billion in 2021. Going forward, the publisher expects the market to reach USD 3.8 billion by 2027, with a CAGR of 14.5% during 2022-2027. Given the uncertainty of COVID-19, we continuously track and evaluate the direct as well as the indirect impact of the pandemic. These insights are included in the report as a significant market contributor.

Structural health monitoring (SHM) refers to the process of observing and scanning 3D, aerospace, civil, mechanical and infrastructural structures to detect faults and abnormalities. The information is collected through several sensors that transmit continuous data throughout the life of the structure. It involves the use of non-destructive acoustic emission, ultrasound and thermal imaging technology to prevent irregularities caused by deterioration, improper construction, lack of quality control or excessive accidental or environmental stress. SHM is widely used for bridges, power and wind energy plants, water, gas and oil pipelines, tunnels, rigs and pavements. It is also used to detect internal or external wear and malfunctions in marine vessels, aircraft and heavy commercial vehicles.

Structural Health Monitoring Market Trends:

The increasing demand for standardization and automation for the repair and maintenance of civil and infrastructural structures is one of the key factors driving the market growth. Due to rapid digitization and the emergence of smart sensors, SHM is widely used for the design, analysis and maintenance of modern plant structures and systems. Contractors are also able to use SHM solutions for remote monitoring of construction processes to control quality.

Additionally, various technological advancements such as the integration of innovative communication modules and data collection systems for processing and analyzing information act as other growth-inducing factors. These solutions enable consumers to include electrical, magnetic, thermal, physical and chemical variables for improved analysis of structural health. Other factors, including the implementation of favorable government policies to promote public safety, along with extensive infrastructural development, especially in the emerging economies, are expected to propel the market towards growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global structural health monitoring market along with global, regional and country level forecasts from 2022-2027. Our report has categorized the market based on component, technology, implementation method and vertical.

Breakdown by component:

  • Hardware

  • Software

  • Services

Breakdown by technology:

Breakdown by implementation method:

  • New construction

  • Retrofitting

Division by vertical:

  • Civil infrastructure

  • Aviation and defence

  • Energy

  • Mining

  • Others

Breakdown by region:

  • North America

  • United States

  • Canada

  • Asia-Pacific region

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Others

  • Europe

  • Germany

  • France

  • The United Kingdom

  • Italy

  • Spain

  • Russia

  • Others

  • Latin America

  • Brazil

  • Mexico

  • Others

  • Middle East and Africa

Key topics covered:

1 Preface

2 Scope and method

3 Summary

4 Introduction

5 Global market for structural health monitoring

6 Market division by component

7 Market division by technology

8 Market segmentation by implementation method

9 Market division by vertical

10 Market division by region

11 SWOT analysis

12 Value chain analysis

13 Porter’s Five Forces Analysis

14 Price analysis

15 Competitive landscape

Mentioned companies

  • Acellent Technologies Inc.

  • Bridge Diagnostics Inc.

  • Campbell Scientific Inc.

  • COWI A/S

  • Digitexx Data Systems Inc.

  • FEAC Engineering

  • HBK – Hottinger Bruel & Kjar (Spectris plc)

  • James Fisher

  • Sons plc

  • National Instruments Corporation

  • RST Instruments Ltd.

  • Sisgeo Srl

  • Sixense Enterprises Inc.

For more information on this report visit https://www.researchandmarkets.com/r/apks52

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