Structural Health Monitoring Market Global Industry Trends, Growth, Opportunities, Top Key Players, Emerging Trends, Competitive Landscape, Opportunity Assessment and Comprehensive Research Study 2025

“Global Structural Health Monitoring Market is expected to reach USD 4.7 billion by 2025 from USD 1.2 billion in 2017 and is projected to grow at a CAGR of 17.9% in the forecast period of 2018 to 2025”
The global structural health monitoring market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of global structural health monitoring market for global, Europe, North America, Asia Pacific and South America.

Structural health monitoring market report provides a thorough synopsis on the study for market and how it is changing the industry. The data and the information regarding the industry are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts. 

In April 208, HBM and BKSV got merged together to to increase their business in health monitoring systems among different countries worldwide.

In Jan 2018, Penumbra, Inc, a global healthcare company focused on innovative therapies, announced that it has entered into a joint venture called MVI Health Inc., for the purpose of exploring healthcare applications of virtual reality technology with Sixense Enterprises, Inc. 

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The Global Structural Health Monitoring Market is expected to reach USD 4.7 billion by 2025 from USD 1.2 billion in 2017 and is projected to grow at a CAGR of 17.9% in the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Top Research Key Players:

Nova Metrix, Geokon, Campbell Scientific, Cowi, Geocomp, Acellent, Sixense, Pure Technologies, Structural Monitoring Systems, Digitexx, First Sensor, Bridge Diagnostics, Sisgeo, Rst Instruments, Avt Reliability (Aesseal), Geomotion Singapore, Strainstall UK (James Fisher & Sons PLC), Hottinger Baldwin Messtechnik, Kinemetrics, Feac Engineering, Yapidestek Engineering and many more.          

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, South Africa, and Brazil among others.

 Market Drivers and Restraints:

  • High capital investments for structural health monitoring
  • Aging infrastructure and superior benefits of structural health monitoring
  • Decreasing cost of sensors resulting in reduced structural health monitoring system cost
  • High installation and monitoring costs
  • Inaccurate results due to errors in readings

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Market Overview

Based on Technology,

  • Wired structural health monitoring
  • Wireless structural health monitoring.
  • Based on offering,
  • Hardware – sensors, data acquisition systems (das) and communication systems
  • Software & services – pre-installation and post-installation

Based on Vertical,

  • Civil infrastructure – dams, bridges, stadiums, buildings, tunnels, others
  • Aerospace & defence- aerospace and defence
  • Energy and mining.

Based on Implementation Method,

  • New construction,
  • Retrofitting.

Based on Application,

  • Structural health monitoring and
  • Nondestructive testing,
  • Damage detection,
  • Crack detection,
  • Impact monitoring,
  • Corrosion monitoring,
  • Strain monitoring,
  • Hotspot monitoring,
  • State sensing
  • Multimodal sensing.

Based on geography,

  • North America & South America,
  • Europe,
  • Asia-Pacific
  • Middle East & Africa

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