Structural Health Monitoring Market Analysis, Industry Growth Rate, Share and Forecast Report by 2030

P&S Intelligence published a new research report, titled, "Structural Health Monitoring Market: Global Industry Analysis and Forecast till 2030, Structural health monitoring solutions are used for the detection of any kind of damage to architectural structures. These help civil engineers in monitoring structures, such as buildings, dams, bridges, turbines, and stadiums, affected by external factors and assessing their structural integrity to improve safety measures. The technology is a combination of sensors, transmission and data acquisition systems, software, and measuring amplifiers. It involves health monitoring, operational evaluation, data feature extraction, and statistical model development.

Among all regions, Asia-Pacific (APAC) is expected to register the fastest growth in the structural health monitoring market in the forecast period. Increasing investments in infrastructure in countries such as China, India, and Japan and the growing focus of governments on structural security are some key factors driving the growth of the regional market. Structural monitoring solutions are witnessing high demand in APAC countries, primarily those in earthquake-prone regions, such as Indonesia and the Philippines.

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The North American region is projected to account for the largest market share in the forecast period, owing to the presence of a large number of concrete structures and the rapidly aging infrastructure in the U.S.

Structural Health Monitoring Market Segmentation

Market Segmentation by Technology
Wired
Wireless

Market Segmentation by Offering
Hardware
Software & Services

Market Segmentation by End User
Civil Infrastructure
Automotive
Aerospace & Defense
Energy
Mining
Others (Industrial & Marine)

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Some of the key players operating in the market are National Instruments Corporation, Digitexx Data Systems Inc., Acellent Technologies Inc., James Fisher & Sons plc, Nova Metrix LLC, Cowi A/S, Geocomp Corporation, Spectris plc, Kinemetrics Inc., and Campbell Scientific Inc.

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This study covers:
• Historical and the present size of the Structural Health Monitoring market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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