Structural Health Monitoring Systems Market Is Expected To Grow at a Rapid 11.7% CAGR During 2022 and 2030 | Top Key Players are Digitex, Accelent Technologies, Inc., Xylem Inc, STRUCTURAL MONITORING SYSTEMS PLC, Nova Ventures, and Others

Global Structural Health Monitoring (SHM) Systems Market size was worth around USD 1.54 billion in 2021 and is predicted to grow to around USD 3.74 billion by 2030 with a compound annual growth rate of roughly 11.7% between 2022 and 2030.

Structural Health Monitoring (SHM) systems are used to assess and monitor the condition of various types of structures, such as bridges, buildings, aircraft, and wind turbines. These systems use a variety of sensing technologies to detect changes in the physical characteristics of the structure, such as deformation, vibration, and temperature.

SHM systems typically include a network of sensors, data acquisition equipment, and data analysis software. The sensors can be installed on the surface of the structure or embedded within the structure itself, depending on the application. The data acquired by the sensors is then processed and analyzed by the software, which can provide real-time feedback on the health of the structure.

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Increasing Investments in Smart City Projects Supporting the Demand for Structural Health Monitoring Systems:-

The structural health monitoring systems market is expected to experience significant growth due to the increasing focus on monitoring the overall health of infrastructure in smart cities. Ongoing initiatives in this area are likely to drive the growth of this market in the coming years. Moreover, the Chinese government has mandated the installation of SHM systems in newly constructed buildings and bridges, which is expected to further fuel market growth.

To meet the requirements of the Chinese government, sensors with a service life of up to 20 years are necessary. As a result, the market is likely to see an increased demand for replaceable, maintainable, and long-lasting sensors. These factors are expected to shape the market's future in the forecast years.

Leading businesses profiled in the global Structural Health Monitoring Market include:-
• NATIONAL INSTRUWIREDTS CORP.,
• Digitex
• Accelent Technologies, Inc.,
• GEOKON
• CGG (Sercel)
• Xylem Inc
• (Pure Technologies)
• STRUCTURAL MONITORING SYSTEMS PLC
• Nova Ventures
• COWI A/S
• Hottinger Brüel & Kjaer GmbH
• ames Fisher and Sons plc (Strainstall)
• Kinemetrics
• Other

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SEGMENTATION
By Connectivity
• Wired
• Wireless

By Application
• Bridges & Dams
• Building & Stadiums
• Vessels & Platforms
• Airframes & Wind Turbines
• Large Machines & Equipment

By Component
• Hardware
• Software
• Services

By Region
• North America
• Europe
• Asia Pacific
• The Middle East & Africa
• Latin America

Notable Industry Developments -
• November 2022- Nova Ventures acquired VJ Tech Limited to improve automation and simplify the facets of geotechnical investigation as well as laboratory testing. The purpose behind the acquisition is to increase geographical presence and expansion of product portfolio.

Why Purchase the Report?
• The report includes information such as market dynamics scenario, opportunities and challenges during the forecast period
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Regional, sub-regional, and country-level data include the demand and supply forces along with their influence on the market.
• The competitive landscape comprises a share of key players, offering products, relevant financial information, recent developments, SWOT analysis, and strategies.
• Understand the current market scenario and viability of the global market over the forecast period.

Some of the key questions answered in this report:
• Which product and application will take a share of the Structural health monitoring systems market?
• What will be the CAGR and size of the Structural health monitoring systems market throughout the forecast period?
• What are the market opportunities and challenges faced by the key vendors?
• Who are the major competitors and what is their strategy?
• What are sales, revenue, and price analysis of top manufacturers of the market?
• Who are the distributors, traders, and dealers of the market?
• What are the market opportunities and threats faced by the vendors in the Global industries?
• What are the barriers to entry for new players in the market?

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TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On mHealth Market
Chapter 5. Global mHealth Market Overview, By Component, 2017 - 2030(USD Million)

Browse Complete TOC:
https://www.extrapolate.com/toc/healthcare-medical-devices-biotechnology/structural-health-monitoring-systems-market/69658

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