Global Structural Health Monitoring Market Size

1. Global Structural Health Monitoring Market Size, Share, Growth Analysis, By Offering, By Technology, By End-use, By Installation Type, By Method, By Application - Industry Forecast 2023-2030 Structural Health Monitoring Market size was valued at USD 2210 million in 2021 and is poised to grow from USD 2530.27 million in 2022 to USD 7595 million by 2030, growing at a CAGR of 14.7% in the forecast period (2023- 2030). Structural health monitoring (SHM) involves the observation and analysis of a system over time using periodically sampled response measurements to monitor changes to the material and geometric properties of engineering structures such as bridges and buildings. The SHM process involves selecting the excitation methods, the sensor types, number and locations, and the data acquisition/storage/transmittal hardware commonly called health and usage monitoring systems. The major factors contributing to the market growth are increased importance of automated maintenance and repair of critical infrastructures, cascading effects of structural failures such as loss of lives and capital, significant investments in infrastructure sector, stringent government regulations to build sustainable structures, aging infrastructure and benefits offered by structural health monitoring, and reduced costs of structural health monitoring systems. This technology is an integration of data acquisition and transmission systems, sensors, analyzing tools, and measuring amplifiers, and software. The system plays a key role in detecting damages using predictive maintenance, boosts safety of the structure, and enables automatic response, thus saving time and costs. Structural Health Monitoring Market Analysis by Offering

2. The software & services segment to grow at a higher rate during forecast period. As the data is being received from the sensors by the data acquisition systems, the software starts monitoring and analyzing the structure. Software provides the visual representation of the data pertaining to the structural behavior to the monitoring team so that the team can analyze this data, and damages can be detected at the earliest to safeguard the structure from failure. With the increasing number of large infrastructure projects and frequent occurrences of structural failures, structural health monitoring systems are becoming more and more crucial. Structural Health Monitoring Market Analysis by Technology Wired type structural health monitoring systems to account for larger market share during the forecast period. At present, wired monitoring systems are already being used widely for the overall assessment of numerous structures such as bridges, buildings, and dams. The wired structural health monitoring system defines the communication technology between sensors, the data acquisition system (DAS), and other communication devices with the help of lead wires, co-axial cables, optical fibers, and other wired communication technologies. Structural Health Monitoring Market Analysis by End Use Civil infrastructure to account for the largest market share during the forecast period. Many countries such as the US, the UK, Japan, Germany, Qatar, Saudi Arabia, China, and India are increasingly investing in building infrastructural facilities, such as bridges, dams, buildings, ultimately supporting economic growth. Rapid urbanization and an urgent need for high-quality infrastructure are the major factors driving the market growth for the civil infrastructure segment globally. View more info: https://www.skyquestt.com/report/structural-health- monitoring-market Top Players in Global Structural Health Monitoring Market

3. •Geocomp Corporation •Geokon, Inc. •National Instruments Corporation •Pure Technologies Ltd. •RST Instruments Ltd. •Senceive Ltd. •Strainstall UK Ltd. •Digitexx Data Systems, Inc. About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741 Email: sales@skyquestt.com LinkedIn Facebook Twitter