According to the market research report “Structural Health Monitoring Market: By Technology (Wired, & Wireless), By Solution (Hardware, & Software & Services), By End-User (Bridges, Dams, Tunnels, Buildings, Stadiums, & Others), & By Region-Forecast (2016-2021)”, published by IndustryARC, estimates that Asia-Pacific will have fast growth during the forecast period.
Structural Health Monitoring (SHM) can be defined as the process of implementing a damage detection and characterization strategy for engineering structures. SHM is a tool that is used by the engineers to improve safety and maintainability of a crucial structure. The fundamental function performed by SHM is monitoring and testing the health and performance of structures which include bridges, dams, buildings, stadiums, large machinery and equipment. Structural health monitoring system is also used to measure stress on wind turbine blades, and temperature and stress monitoring on rails.
The various structures across the world such as Taj Mahal, Eiffel Tower which are the icons of India and France are attracting people and increasing profits of that country. Such countries are giving more importance to such infrastructure for prolonging the life of heritage structures. Apart from these, it is also used in the medical sector for precision stress monitoring on bone implants and prosthesis.
Scope & Regional Forecast of the Structural Health Monitoring Market
The rapid infrastructural development across all regions and rising government initiatives towards public safety are the major growth factors that drive high growth for the Structural Health Monitoring Market. In addition, advancements in wireless sensor networks coupled with growth in investments in infrastructure are creating lucrative growth opportunities for the market. However, high implementation cost coupled with the shortage of skilled professionals are the major factors that hamper the market structural monitoring.
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North America is leading high in the Structural Health Monitoring Market, due to high technological advancement and awareness, followed by Western Europe. Asia-Pacific is expected to register the fastest growth due to increasing support and initiatives by many countries’ governments in this region. Other developed countries that have best structures are also expected to register healthy growth during the forecast period.
Segmentations & Key Players Involved in the Structural Health Monitoring Market
The Structural Health Monitoring Market can be broken down into various segmentations on the basis of –
Technology: Wired and Wireless.
Solution: Hardware and Software & Services.
End-User: Bridges, Dams, Tunnels, Buildings, Stadiums and Others.
Region: Europe, Asia-Pacific, North America and Rest of the World.
Some of the key players involved in the Structural Health Monitoring Market are as follows:
Digitexx Data Systems, Inc.
Hottinger Baldwin Messtechnik GmbH (HBM)
Strainstall Uk Ltd.
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