Structural Health Monitoring Market to see Huge Growth by 2029

Structural Health Monitoring Market is anticipated to grow at a CAGR of nearly 16.5% during the forecast period. The construction industry has witnessed a slow transformation to the digitization, and automation of its key processes, such as maintenance, and repair, in recent years. The COVID-19  has significantly hindered the work and productivity of the workers at the construction sites, as the need to execute the contracts under conditions of social distancing and working with limited capacity has resulted in the loss of time and money. Hence, the trend toward the automation and standardization of key processes along with remote working solutions is increasing. The gradual rise of the standardization and automation of maintenance and repair is expected to increase the trend of remotely working, which could be a transformational impact on the construction industryThe standardization and automation of the maintenance and repair of the infrastructure through digitization and the use of smart sensors will allow the solutions to be more adaptive and resilient during uncertain times like the COVID-19 pandemic. 

The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, In January 2019, Cowi acquired Arkitema Architects. Through this acquisition, Cowi aimed at expanding itself making it the largest player in Denmark for the building segment. 

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Technology
By Offering 
By Communication System
By End-User Industry

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- Acellant Technologies Inc., Advitam Group, COWI A/S, Digitexx Data Systems, Inc., Geosig Ltd., National Instruments Corp., Nova Metrix LLC, and others.

Structural Health Monitoring Market Report by Segment

By Technology

Wired Structural Health Monitoring
Wireless Structural Health Monitoring

By Offering 

Hardware
Sensors
Data Acquisition Systems (DAS) and Communication Systems
Software
Services
Others

By End-User Industry

Civil Infrastructure
Bridges & Buildings
Aerospace & Defense
Energy
Mining
Others 

A full Report of Structural Health Monitoring Market is Available @  https://www.omrglobal.com/industry-reports/structural-health-monitoring-market

Structural Health Monitoring Market Report Segment by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America 
Middle East & Africa

Company Profiles 

Campbell Scientific Inc.
FEAC Engineering, Xylem Inc.
First Sensor AG
Geomotion Singapore Pte Ltd.
Geosig Ltd. 
Hottinger Brüel & Kjær
James Fisher and Sons plc.
Kinemetrics Inc.
National Instruments Corp.
Nova Metrix LLC 
Nova Ventures Group
OSMOS Group SA
Pure Technologies Ltd.
Sisgeo S.r.l.
Sixense UK
SODIS Lab
Structural Monitoring Systems Plc

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