Structural Health Monitoring Market High Installation and Monitoring Costs with Trends and Opportunity Analysis 2018-2025: GEOKON, INCORPORATED, Campbell Scientific, Inc, COWI, Geocomp, Pure Technologies, BDI, SISGEO SRL, SIXENSE GROUP, First Sensor

There are several global sectors which are best in making the best revenue for structural health monitoring market in the Information and Communication Technology industry and several top players are dominating the market with the help of their skills and knowledge about the market such as definition, classifications, applications, and engagements.

The top player’s moves like their recent product launches, their researches, joint ventures, merges, and accusations are the one which mostly affect the market in terms of production, revenue, consumption, import and export and sales.

By the help of SWOT analysis this report provides with a comprehensive insight about the structural health monitoring market’s restrains and drivers all the keeping the report systematic and providing with the company profiles.

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In Jan 2018, Penumbra, Inc, a global healthcare company focused on innovative therapies, announced that it has entered into a joint venture called MVI Health Inc., for the purpose of exploring healthcare applications of virtual reality technology with Sixense Enterprises, Inc.

Market Analysis:

The Global Structural Health Monitoring Market is expected to reach USD 4.7 billion by 2025 from USD 1.2 billion in 2017 and is projected to grow at a CAGR of 17.9% in the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Key Players: Global Structural Health Monitoring Market

The renowned players in structural health monitoring market are Nova Metrix, Geokon, Campbell Scientific, Cowi, Geocomp, Acellent, Sixense, Pure Technologies, Structural Monitoring Systems, Digitexx, First Sensor, Bridge Diagnostics, Sisgeo, Rst Instruments, Avt Reliability (Aesseal), Geomotion Singapore, Strainstall UK (James Fisher & Sons PLC), Hottinger Baldwin Messtechnik, Kinemetrics, Feac Engineering, Yapidestek Engineering and many more.

Market Drivers and Restraints:

• High capital investments for structural health monitoring
• Aging infrastructure and superior benefits of structural health monitoring
• Decreasing cost of sensors resulting in reduced structural health monitoring system cost
• High installation and monitoring costs
• Inaccurate results due to errors in readings

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Market Segmentation:

• Based on Technology, the market is segmented into wired structural health monitoring and wireless structural health monitoring.

• Based on Offering, the market is segmented into hardware and software & services. The hardware segment is sub segmented into sensors, data acquisition systems (DAS) and communication systems and others. The software & services segment is sub segmented into pre-installation and post-installation.

• Based on Vertical, the market is segmented into civil infrastructure, aerospace & defence, energy and mining. The civil infrastructure segment is sub segmented into dams, bridges, stadiums, buildings, tunnels, others. The aerospace & defence is sub segmented into aerospace and defence.

• Based on Implementation Method, the market is segmented into new construction, retrofitting.

• Based on Application, the market is segmented into structural health monitoring and nondestructive testing, damage detection, crack detection, impact monitoring, corrosion monitoring, strain monitoring, hotspot monitoring, state sensing and multimodal sensing.

• Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, South Africa, and Brazil among others.

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