Structural Health Monitoring Market by Key Players, Growth, Regions and Forecast to 2024

Global Structural Health Monitoring Market

Structural health monitoring is an important tool for engineers to assess the safety of critical architectural structures. Structural health monitoring systems comprise of a number of sensing technologies with an integrated measurement controller to capture and analyze a vast amount of real-time data. These systems are designed to monitor as well as test the health and performance of structures such as buildings and stadiums, bridges and dams, air frames, wind turbines, vessels and platforms, and large machinery and equipment. The common measurements in structural health monitoring include vibration and strain that are measured through various sensors, data acquisition systems, and hardware and software solutions.

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Rapid expansion of the infrastructure sector has fuelled the demand for structural health monitoring. Structural health monitoring can be classified into portable testing and continuous monitoring. While portable testing systems are installed temporarily to analyze the current condition of a structure and its components, continuous monitoring systems are collect ongoing information about the health of a structure. In terms of technology, the global structural health monitoring market has been categorized into wired and wireless structural health monitoring systems. Wireless structural health monitoring systems offer ease and convenience and hence, are more in demand. Market players are focusing on addressing the compatibility issues between different structural health monitoring sensors. The wireless sensors have also different operational mode, transmission bandwidth, and real-time ability variance. Research activities are being carried out to understand the difference between the energy consumption requirements of different applications in structural health monitoring to develop next-generation wireless sensors. Currently, the various sensors used in structural health monitoring include piezoelectric vibration, dip angle, optical fiber strain, resistance strain, acoustic emission, and stress measurement sensors.                                                                  

Global Structural Health Monitoring Market: Overview                        

The growing demand for cost-effective infrastructure maintenance has propelled the growth of the global structural health monitoring market. Increasing concerns about uncertain natural calamities such as earthquake have led governments across nations to implement various regulations regarding structural health monitoring. For example, countries such as Japan and Indonesia are prone to earthquakes and hence, structural health monitoring across these regions is high in demand to ensure public safety. All these factors are expected to boost the growth of the global structural health monitoring market.

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However, the high cost of structural health monitoring system is anticipated to restrain the market’s growth during the forecast horizon. Management of huge amount of data, along with the dearth of experts to address the technical and operational issues in integrating the system will also negatively affect the growth of the market.

Global Structural Health Monitoring Market: Region-wise Outlook                                         

The global structural monitoring market has been segmented into four key regions: Europe, North America, Asia Pacific, and Rest of the World. High technological advancements and awareness about structural health monitoring across North America and Europe have contributed towards the growth of the market. In the coming years, Asia Pacific is expected to grow significantly due to the rapid growth of the construction sector and the introduction of government regulations regarding structural health monitoring of newly built architectural structures in countries such as China.

Some of the key players in the global structural health monitoring market are Geokon Incorporated, COWI A/S, Digitexx Data Systems Inc., Advitam, CTLGroup, Acellent Technologies Inc., and Exponent Inc. The key players are investing hugely

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