Structural Health Monitoring Market Global Industry Share with Latest Innovations Economic Growth Outlook, market Challenges, Regional Status and Segments Forecast 2030

Pune, India–Structural Health Monitoring market crossed US$ 1.92 billion mark in 2022 and is expected to hit US$ 5.48 billion by 2030, recording a CAGR of 14.0% during the forecast period.  

 

Hardware components in the structural health monitoring play a vital role by measuring the physical parameters in terms of cracks, temperature, stress, alignment, and vibration of structures. Moreover, there is an increasing number of structural failures which has accelerated the demand for structural health monitoring systems. Furthermore, hardware component helps in taking proactive and corrective measures on data gathered and to further ensure the safety of structures. However, the software and services segment are expected to gain traction during the forecasted year. In addition, there is an increasing need for regular monitoring of structures which is becoming major factors driving the growth of software and services.

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Top Key Players Listed in the Report Are:

  • COWI
  • Campbell Scientific
  • Geokon
  • Nova Metrix LLC
  • SGS

Structural Health Monitoring Market 2022 – 2030 report offers insights into the newest growth and trends. It summarizes crucial aspects of the market, with target on leading key player’s areas that have witnessed the highest demand, leading regions and operations. Structural Health Monitoring market 2022 – 2030 offers qualitative as well as quantitative information data relating to the factors, challenges, and opportunities that may define the expansion of the market over the forecast period. The report aims to supply a further illustration of the newest scenario, economic slowdown, and COVID-19 impact on the overall industry.
In this report, the market has been segmented on the basis of:

  • Offering:
    • Hardware
    • Software
    • Services
  • Technology
    • Wired
    • Wireless
  • End User
    • Civil Infrastructure
    • Aerospace & Defense
    • Energy
    • Mining
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa

Recent strategic developments in structural health monitoring market

The structural health monitoring market has undergone several significant developments, and a few of these have been mentioned below:

  • In March 2021, Geokon, which is one of the leading manufacturers of structural instruments launched the GeoNet 8900 Series data acquisition system. Moreover, this new series is a wireless, low-power data acquisition system which collects data from sensors and further provides secure access to view the data over the internet.
  • In November 2020, Norway’s largest public commercial port, the Port of Oslo, and COWI signed an agreement. In addition, COWI would provide engineering services which include environmental measures, electrification solutions, structural design, and monitoring of the port.
  • In March 2020, Sherborne Sensors, which is a brand of Nova Metrix LLC launched the LSOC-D Servo series sensor, an inclinometer with an integrated display. In addition, this new product provides a single power supply for both the inclinometer and the display.

The Structural Health Monitoring Market 2022 – 2030 Competitive Viewpoint:

This analysis is a useful resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach within the current Market situation. While focusing on top companies and their corporate strategies, market presence, operative segmentation, aggressive outlook, geographical growth, pricing and price structures, the study painstakingly takes into consideration the market analysis.

The report segments the Structural Health Monitoring Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the Structural Health Monitoring Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

The report provides the current market size for Structural Health Monitoring, defines trends and presents growth forecasts for nine years from 2022 to 2030. 2020 is considered as the base year, and 2022 to 2030 is forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analysed by the supply side, considering the market penetration of Structural Health Monitoring Market for all the regions globally.

The global Structural Health Monitoring Market is segmented based on deployment, component, solution, application, and geography. The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of products offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.

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Reason to buy this report:
• Understand the Current and future of the Structural Health Monitoring Market in both Established and rising markets.
• The report enlightens the massive patterns, causes, and impact factors globally and regionally.

  • The latestdevelopments within the Structural Health Monitoring market and details of the industry leaders alongside their market share and methods.
    • It looks into vital developments like extensions, agreements, new product launches, and acquisitions on the horizon.
    • Analysis the market’s potential, preferred position, opportunity, difficulty, restrictions, and hazards on a world and regional level.

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