Structural Health Monitoring Market to Reach $3,965 Million, Globally, By Top Key Players: National Instruments Corporation, Advitam Inc., Digitexx Data Systems, Inc., Acellent Technologies, Inc., Nova Metrix LLC., COWI A/S, Geocomp Corporation, Hottinger

Wireless sensor networks are considered to be a powerful approach for automated monitoring of structural response data. Over the last few years, many civil structures are deployed with smart wireless networks to overcome the economical impediment of SHM system and achieving more accuracy. Wireless SHM are receiving tremendous demand due to their advantages including low cost, low maintenance, and low installation cost.

According to a new report published by Allied Market Research, titled, Structural Health Monitoring Market by Component, Connectivity, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023", the global structural health monitoring market size was valued at $1,133 million in 2016, and is projected to reach $3,965 million by 2023, growing at a CAGR of 18.9% from 2017 to 2023. The civil industry accounted for nearly half of the total structural health monitoring market in 2016.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/2304?utm_source=OPR

Structural health monitoring (SHM) is a process aimed at providing accurate and timely information about the condition and performance of a building structure. It can either be a short- or a long-term process. In developing countries, such as China and India, owing to negligence and non-availability of technology, SHM is not utilized to its full potential. However, imposition of stringent government regulations on safety standards of civil infrastructures provides a major opportunity for SHM market in these countries.

Factors that drive the growth of the global structural health monitoring market are rapid increase in construction activities and the growth in need for continuous monitoring of the structure. In addition, growth in infrastructure investments and advances in wireless sensor networks provides opportunities for the global structural health monitoring market. However, high implementation cost and challenges concerning data normalization are some of the factors that restrain the structural health monitoring market growth.

The hardware segment in the global structural health monitoring market generated the highest revenue in 2016, and is expected to maintain its dominance throughout the analysis period, owing to high adoption of sensors for accurate and reliable data. Data loggers used in SHM are compatible with all types of commercially available sensors and the selection of a particular type of sensor is highly application specific.

Civil industry in the structural health monitoring industry generated highest revenue in the global structural health monitoring market in 2016. The major demand for SHM from civil structures is obtained, owing to high demand from oil industry and operators of large dams and highways agencies. In comparison to infrastructures, residential, and commercial construction have received little consideration due to lack of awareness among the owners. Building owners are educated on the benefits of SHM and these measures are supported by several government regulations. The increase in demand for SHM in civil engineering drives the need of SHM to ensure safety of the structures and the human lives. SHM is capable of earlier detection of the damage, which makes it feasible to amend it before occurrence of loss.

Get Customized Report @ https://www.alliedmarketresearch.com/request-for-customization/2304?utm_source=OPR

Wired technology dominated the global structural health monitoring market, accounting for more than 50% share, in 2016, which is the most conventional approach in the SHM market. Wired SHM is significantly losing its share to wireless SHM during the last few years, owing to the high cost input due to usage of wiring.

The growth in infrastructure activities in the developing countries, such as China and India, and surge in government regulations propel the market growth for Asia-Pacific.

The key companies profiled in the report include National Instruments Corporation, Advitam Inc., Digitexx Data Systems, Inc., Acellent Technologies, Inc., Nova Metrix LLC., COWI A/S, Geocomp Corporation, Hottinger Baldwin Messtechnik GmbH, Strainstall UK Limited, and Kinemetrics Inc.

Key Findings of the Structural Health Monitoring Market:

• In terms of value, the services segment is anticipated to register highest growth rate during the analysis period.
• Sensors generated the highest revenue in 2016.
• Aerospace sector is anticipated to grow at the highest rate by 2023.
• North America is projected to maintain its lead position throughout 2023 and is expected to grow at a CAGR of 18.5%, in terms of value.
• U.S. occupied two-thirds of the total North America market in 2016.
• Asia-Pacific is expected to grow at a CAGR of 21.6% from 2017 to 2023.

LIST OF TABLES

TABLE 1. GLOBAL STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY COMPONENT, 2016-2023 ($MILLION)
TABLE 2. HARDWARE SEGMENT OF STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 3. SOFTWARE SEGMENT OF STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 4. SERVICES SEGMENT OF STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 5. GLOBAL STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY CONNECTIVITY, 2016-2023 ($MILLION)
TABLE 6. WIRED STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 7. WIRELESS STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 8. GLOBAL STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 9. STRUCTURAL HEALTH MONITORING MARKET REVENUE IN CIVIL INDUSTRY, BY REGION, 2016-2023 ($MILLION)
TABLE 10. STRUCTURAL HEALTH MONITORING MARKET REVENUE IN AEROSPACE INDUSTRY, BY REGION, 2016-2023 ($MILLION)
TABLE 11. STRUCTURAL HEALTH MONITORING MARKET REVENUE IN DEFENSE INDUSTRY, BY REGION, 2016-2023 ($MILLION)
TABLE 12. STRUCTURAL HEALTH MONITORING MARKET REVENUE IN ENERGY INDUSTRY, BY REGION, 2016-2023 ($MILLION)
TABLE 13. STRUCTURAL HEALTH MONITORING MARKET REVENUE IN MINING INDUSTRY, BY REGION, 2016-2023 ($MILLION)
TABLE 14. STRUCTURAL HEALTH MONITORING MARKET REVENUE IN OTHER INDUSTRIES, BY REGION, 2016-2023 ($MILLION)
TABLE 15. STRUCTURAL HEALTH MONITORING MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 16. NORTH AMERICA STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY COMPONENT ($MILLION), 2016-2023
TABLE 17. NORTH AMERICA STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY CONNECTIVITY ($MILLION), 2016-2023
TABLE 18. NORTH AMERICA STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY END USER ($MILLION), 2016-2023
TABLE 19. NORTH AMERICA STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY COUNTRY ($MILLION), 2016-2023
TABLE 20. U.S. STRUCTURAL HEALTH MONITORING MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 21. CANADA STRUCTURAL HEALTH MONITORING MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 22. MEXICO STRUCTURAL HEALTH MONITORING MARKET REVENUE ($MILLION), 2016-2023
TABLE 23. EUROPE STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY COMPONENT, 2016-2023 ($MILLION)
TABLE 24. EUROPE STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 25. UK STRUCTURAL HEALTH MONITORING MARKET REVENUE ($MILLION), 2016-2023
TABLE 26. GERMANY STRUCTURAL HEALTH MONITORING MARKET REVENUE ($MILLION), 2016-2023
TABLE 27. ITALY STRUCTURAL HEALTH MONITORING MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 28. FRANCE STRUCTURAL HEALTH MONITORING MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 29. REST OF EUROPE STRUCTURAL HEALTH MONITORING MARKET REVENUE ($MILLION), 2016-2023
TABLE 30. ASIA-PACIFIC STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY COMPONENT ($MILLION), 2016-2023
TABLE 31. ASIA-PACIFIC STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY CONNECTIVITY ($MILLION), 2016-2023
TABLE 32. ASIA-PACIFIC STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY END USER ($MILLION), 2016-2023
TABLE 33. ASIA-PACIFIC STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY COUNTRY ($MILLION), 2016-2023
TABLE 34. CHINA STRUCTURAL HEALTH MONITORING MARKET REVENUE ($MILLION), 2016-2023
TABLE 35. INDIA STRUCTURAL HEALTH MONITORING MARKET REVENUE ($MILLION), 2016-2023
TABLE 36. JAPAN STRUCTURAL HEALTH MONITORING MARKET REVENUE ($MILLION), 2016-2023
TABLE 37. REST OF ASIA-PACIFIC STRUCTURAL HEALTH MONITORING MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 38. LAMEA STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY COMPONENT, 2016-2023 ($MILLION)
TABLE 39. LAMEA STRUCTURAL HEALTH MONITORING MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 40. LATIN AMERICA STRUCTURAL HEALTH MONITORING MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 41. MIDDLE EAST STRUCTURAL HEALTH MONITORING MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 42. AFRICA STRUCTURAL HEALTH MONITORING MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 43. NATIONAL INSTRUMENTS CORPORATION: COMPANY SNAPSHOT
TABLE 44. NATIONAL INSTRUMENTS CORPORATION: OPERATING SEGMENTS
TABLE 45. NATIONAL INSTRUMENTS CORPORATION: PRODUCT PORTFOLIO
TABLE 46. ADVITAM INC.: COMPANY SNAPSHOT
TABLE 47. ADVITAM INC.: OPERATING SEGMENTS
TABLE 48. ADVITAM INC.: PRODUCT PORTFOLIO
TABLE 49. DIGITEXX DATA SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 50. DIGITEXX DATA SYSTEMS, INC.: OPERATING SEGMENTS
TABLE 51. DIGITEXX DATA SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 52. ACELLENT TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 53. ACELLENT TECHNOLOGIES, INC.: OPERATING SEGMENTS
TABLE 54. ACELLENT TECHNOLOGIES, INC.: PRODUCT PORTFOLIO
TABLE 55. STRAINSTALL UK LIMITED: COMPANY SNAPSHOT
TABLE 56. STRAINSTALL UK LIMITED: OPERATING SEGMENTS
TABLE 57. STRAINSTALL UK LIMITED: PRODUCT PORTFOLIO
TABLE 58. NOVA METRIX LLC.: COMPANY SNAPSHOT
TABLE 59. NOVA METRIX LLC.: OPERATING SEGMENTS
TABLE 60. NOVA METRIX LLC.: PRODUCT PORTFOLIO
TABLE 61. COWI A/S: COMPANY SNAPSHOT
TABLE 62. COWI A/S: OPERATING SEGMENTS
TABLE 63. COWI A/S: PRODUCT PORTFOLIO
TABLE 64. GEOCOMP CORPORATION: COMPANY SNAPSHOT
TABLE 65. GEOCOMP CORPORATION: OPERATING SEGMENTS
TABLE 66. HOTTINGER BALDWIN MESSTECHNIK GMBH: COMPANY SNAPSHOT
TABLE 67. HOTTINGER BALDWIN MESSTECHNIK GMBH: OPERATING SEGMENTS
TABLE 68. HOTTINGER BALDWIN MESSTECHNIK GMBH: PRODUCT PORTFOLIO
TABLE 69. KINEMETRICS INC.: COMPANY SNAPSHOT
TABLE 70. KINEMETRICS INC.: OPERATING SEGMENTS
TABLE 71. KINEMETRICS INC.: PRODUCT PORTFOLIO

Access Full Summery @ https://www.alliedmarketresearch.com/structural-health-monitoring-market?utm_source=OPR

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.