Monitoring of structural health has emerged as an innovation that is revolutionising the engineering industry around the world. Structural health monitoring has been deemed imperative in only a few fields of application over the past few years. However, structural health control has been extended progressively across a wide variety of sectors in recent years. Monitoring structural health helps monitor infrastructural/engineering structures by assessing their condition through sensors for monitoring structural health and analysing the data obtained from the particular structure.
Several developments have been made in the field of structural health monitoring in the production of sensors and other hardware & software in recent years. In order to provide protection and minimise monetary losses due to structural harm, structural health monitoring, as considered under the scope of the study, is implemented across different industries.
In addition, technical advances and significant availability, as well as reduced sensor costs, are among the factors driving the value-added growth of the global market for structural health monitoring. Safety issues about engineering systems and vital infrastructure are an inevitable issue, as damage to living beings as well as property has a huge effect on them in monetary terms. Thus the key factors that raise the revenue of the market for structural health monitoring include concerns about damage safety.
Several infrastructure firms, governments and agencies of the marine and air transport industry are implementing structural health monitoring technologies in order to minimise the costs associated with infrastructural maintenance, and this is driving the demand for structural health monitoring. In addition, the overall structural health monitoring market is driven by the adoption of advanced technologies and economic growth by developing countries in South East Asia and the Middle East & Africa region.
The adoption of structural health monitoring has increased significantly in recent years, especially in the bridges and dams segment. It is expected that these structural health monitoring technologies will promote the overall process of monitoring sensitive engineering systems as they are important for the protection of human lives. According to Future Market Insights, the introduction of structural health monitoring technology helps protect these engineered structures from multiple damages.
Due to the deployment of these systems in critical infrastructure, the systemic health monitoring market in Western Europe has high potential. Furthermore, local actors emphasised the deployment of wireless monitoring systems and sensors to track the numerous complex frameworks in the Western Europe region, which are driving the demand for systemic health monitoring.
The global Structural Health Monitoring Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Structural Health Monitoring include Digitexx Data Systems, National Instrument Corporation, Accelent Technologies, Inc., Advitam, Inc., Geocomp Corporation, Geokon ALS, Structural Monitoring Systems, and Pure Technologies..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Structural Health Monitoring Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/structural-health-monitoring-market/download-sampleMarket SegmentationThe broad Structural Health Monitoring has been sub-grouped into the Solution, Application, Technology and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
Global Structural Health Monitoring Market size was valued at US$ 1.50 Bn in 2019 and is expected to reach US$ 1.77 Bn by 2027 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.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.High implementation cost, incorrect results due to errors in readings, slow progress in developing countries restrain the structural health monitoring market growth.
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.Wireless technology is projected to grow at a higher rate during the forecast period because, in wireless technology, the use of wires is eliminated, thus stopping the need for installation and protection of cables is reduced the cost of the wireless structural health monitoring system.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.
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.
