Global Structural Health Monitoring Market
Global Structural Health Monitoring Market size was valued at US$ 1.24 Bn in 2017 and is expected to reach US$ 4.73 Bn by 2026 to exhibit a CAGR of 18.24 % during the forecast period.
Global Structural Health Monitoring market growth is driven by high capital investments for structural health monitoring across several countries, stringent government regulations relating to sustainability of structures, improved focus on structural health monitoring, outdated infrastructure in Europe and North America, outdated aircraft of domestic & international airlines, decrease of inspection costs, and frequent occurrences of natural calamities. High implementation cost, incorrect results due to errors in readings, slow progress in developing countries restrain the structural health monitoring market growth. Technical challenges and operational factors, the necessity for large amounts of data processing and management and requirement of skilled labors are the major challenges to the growth of the market. Development in investments in infrastructure and advances in wireless sensor networks, use of innovative sensor technologies and integration technology generate ample opportunities for the global structural health monitoring market.
For More Information about Report Visit here
Civil infrastructure is expected to grow at a high rate during the forecast period due to civil infrastructure services contain many critical structures, like bridges, dams, tunnels, highways, and buildings. All these structures are directly associated with the whole demographic and economic growth of any country. Also, many governments are taking initiatives to monitor the whole health of the structure. Similarly, major countries in different regions are heavily investing in building new infrastructural facilities.
Software and services expected to hold the highest share of the market owing to the growing importance of large civil projects and frequent existences of structural failure, and structural health monitoring systems are becoming more and more essential. The primary approach of any structural health monitoring system is to continuously assemble the data about the whole condition of the structure. To collect the vast data the adaption of modified software applications, software platform, and software algorithms are increased. For example, software such as MATLAB and SCADA play a vital role in early damage detection. They regulate the damage at an early stage and facilitate the required repair to maintain a high level of safety.
North America region is expected to hold the largest share of the market during the forecast period owing to the increased use of monitoring systems in the US is the main factor behind the market progress in the Americas. The governments of South and North American countries are taking initiatives for the adoption of monitoring systems in diverse applications. The old infrastructure in the US and fast-growing infrastructure services in Brazil and Canada are driving the market progress in this region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, vertical-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global structural health monitoring market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by technology, price, financial position, technology portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global structural health monitoring market.
The scope of the Global Structural Health Monitoring Market
Global Structural Health Monitoring Market, by Technology:
Global Structural Health Monitoring Market, by Component:
Global Structural Health Monitoring Market, by Vertical:
• Civil Infrastructure
• Aerospace & Defense
Global Structural Health Monitoring Market, by Region:
• North America
• Middle East & Africa
• South America
Key Players operating in the Global Structural Health Monitoring Market:
• Nova Metrix
• Campbell Scientific
• Pure Technologies
• Structural Monitoring Systems
• First Sensor
• Bridge Diagnostics
• Rst Instruments
• Avt Reliability
• Geomotion Singapore
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
For More Information about Report Visit here
Report Published by https://www.maximizemarketresearch.com MAXIMIZE MARKET RESEARCH PVT. LTD.
Manik Baug, Vadgaon Bk,
Pune, Maharashtra 411051, India.
+91 96071 95908
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Structural Health Monitoring Market here
News-ID: 1583160 • Views: 502
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Automated Border Control (ABC) Market
Automated Border Control (ABC) Market is expected to reach 2273 Million by 2026 from 536.5 Million in 2017 at CAGR of 17.4% (Detailed analysis of the market CAGR is provided in the report). Automated Border Control Market (ABC) is an immigration control system proposed to satisfy the future border control needs of airports resulting from the rapid growth in the number of passengers worldwide. Automated Border Control Market (ABC) can
Global Driver Safety Systems Market
Global Driver Safety Systems Market was valued at US$ 23.02Bn in 2017 and is expected to reach US$ 102.10Bn by 2026, at a CAGR of 20.46% during a forecast period. Driver safety systems have been around for a long time, and they have already proven time and time again to result in an improved driving experience or better overall road safety. Major driving factors of the Driver Safety Systems market are crucial
Global Metallised Polyester Films Market
Global Metallised Polyester Films Market was valued at US$ XXX Mn in 2017 and is expected to reach US$ XXX Mn by 2026, at a CAGR of XX% during a forecast period. Global Metallised Polyester Films Market The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The
Global Humanoid Robot Market
Global Humanoid Robot Market was valued US$ 624.2 Mn in 2017 and is estimated to reach US$ 5, 455 Mn by 2026 at a CAGR of about 52.32% during a forecast period. Global humanoid robot market is segmented into the component, motion type, application, and region. On the basis of the component, a market is divided into hardware and software. based on motion type, the market is segmented into biped, wheel
More Releases for Structural
Data Loggers For Structural Health Monitoring
Collecting Data To Improve & Maintain Designs One of the main challenges for structural engineers is to not only assure the safety of critical structures but also to maintain and improve them. Data loggers play a crucial role in collecting data for Structural Health Monitoring, enabling engineers and scientists to validate their designs with the deployment of sensors for long-term testing and monitoring. In this process, real-world data is acquired, recorded
Structural Sealants Market: Global Snapshot by 2023
Synopsis of Structural Sealants Market Structural sealants are high performance sealants used to block the passage of fluids flowing in between the structures. The most common application of these sealants is in various high strength materials as an alternative to fasteners. According to the type of resins, various structural sealants are available in the market such as silicone, polyurethane, acrylic, polysulfide, and others. Silicone structural sealants is a prominent segment accounting
Global Composite Structural Repairs Market Highlights 2022
Qyresearchreports include new market research report "Global Composite Structural Repairs Market Size,Status and Forecast 2025" to its huge collection of research reports. The global market for Composite Structural Repairs has been witnessing a transitional phase. With a highlight on these changes, this research study presents an in-depth analysis of the worldwide Composite Structural Repairs market during the period from 2018 to 2023. The market report provides a comprehensive picture of the latest
Structural Steel Pipe
Structural steel is a category of steel used as a construction material for making structural steel shapes. A structural steel shape is a profile, formed with a specific cross section and following certain standards for chemical composition and mechanical properties. Structural steel shapes, sizes, composition, strengths, storage practices, etc., are regulated by standards in most industrialized countries. Scope of the Report: This report focuses on the Structural Steel Pipe in Asia-Pacific market,
Structural Focus Receives Honors for Innovative Structural Engineering Design
Los Angeles-area, CA, June 13, 2017 — At last week’s 2017 SEAOSC Excellence in Structural Engineering Awards dinner, Structural Focus received an Award of Excellence in the Seismic Retrofit - Small Project category for the renovation of KTLA Channel 5. To house KTLA Channel 5, Sunset Bronson Studios - Stage 6 went through a major upgrade designed by Bastien and Associates and Structural Focus. The 75-year-old building presented unique challenges
Recent Advances in Structural Biology
Structural Biology is the field of research which mainly focuses on structure determination of macromolecules. The experimental methods of structure determination include X-ray crystallography, Nuclear Magnetic Resonance and cryo-Electron Microscopy. In the recent past much focus has been laid on computational techniques for structure prediction as they are time saving and cost efficient. These techniques include homology modeling, ab-initio modeling and threading. In the recent years this field has