1. Home
  2. > Aerospace and Defense
  3. > Defense Market Trends
Structural Health Monitoring Market by Component, End User, and Connectivity : Global Opportunity Analysis and Industry Forecast, 2020–2027

Structural Health Monitoring Market by Component, End User, and Connectivity : Global Opportunity Analysis and Industry Forecast, 2020–2027

  • March 2021
  • 222 pages
  • ID: 6068279
  • Format: PDF
  • Allied Market Research

Summary

Table of Contents

Structural Health Monitoring Market by Component (Hardware, Software, and Services), End User (Civil, Aerospace, Defense, Mining, Energy, and Others), and Connectivity (Wired and Wireless): Global Opportunity Analysis and Industry Forecast, 2020–2027

The global structural health monitoring market was valued at $1,674.0 million in 2019 and is projected to reach $3,815.1 million by 2027, registering a CAGR of 14.5% from 2020 to 2027. Structural health monitoring (SHM) refers to collection and analysis of data derived through a wide array of connected sensors during the service life of a structure or equipment. It is a non-destructive and continuous data collection method of identifying and quantifying the deterioration state of the object to predict the necessity of repair and maintenance. The real-time data collection and analysis can help in making appropriate decisions to avoid occurrence of accidents and unprecedented failures in the structure. SHM can be applied in industries such as civil, aerospace, defense, energy, and others.
The aging infrastructure in developed countries including Japan, the U.S., the UK, and others, is expected to surge the demand for structural health monitoring solutions. For instance, according to ‘2021 Report Card for America’s Infrastructure’ published by the American Society of Civil Engineers (ASCE), 42% of the bridges in the U.S. are aged atleast 50 years, whereas, around 7.5% of the country’s bridges were considered as structurally deficient and are in a poor condition. Such structures require continuous assessment to predict the necessity of repairs and maintenance to avoid sudden failures, which may lead to accidents and fatalities. This is expected to create a demand for structural health monitoring, which in turn drives the growth of structural health monitoring market. Moreover, the effectiveness of SHM over the conventional methods of inspection and testing is also expected to propel the growth of the structural health monitoring market.

Conventional methods such as visual inspection and non-destructive testing are periodical and do not offer real-time analysis of the structure’s health and defects. Thus, structural health monitoring proves to be more effective and accurate, which drives the growth of the structural health monitoring market.
However, the high costs of installation, hardware, and operation of SHM is hindering its growth in the industry. In addition, lack of skilled personnel for data collection and processing and high costs of the devices hampers the growth of the structural health monitoring market.
The global structural health monitoring market is segmented on the basis of component, end user, connectivity, and region. Based on component, the structural health monitoring market is fragmented into hardware, software, and services. According to end user, the global structural health monitoring market is categorized into civil, aerospace, defense, mining, energy, and others. By connectivity, the market is classified into wired and wireless. Region wise, the structural health monitoring market has been analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
COMPETITION ANALYSIS
The key players profiled in this report include National Instruments Corporation, Advitam Inc., Digitexx Data Systems, Inc. Acellent Technologies, Inc., Nova Metrix LLC, COWI A/S, Geocomp Corporation, Hottinger Baldwin Messtechnik GmbH, Strainstall UK Limited, and Kinemetrics Inc.
The key players in this market adopted product launch, partnership, and expansion as their key strategies to meet the change in consumer demands. For instance, Strainstall UK Limited launched a new load shackles to monitor solutions for Marine Energy’s PLAT_I tidal energy project in the U.S. The project aimed to provide better understanding about the effect of extreme conditions for turbines.


KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive analysis of the current and emerging structural health monitoring market trends and dynamics.
? In-depth market analysis is conducted by structural health monitoring market estimations for the key market segments between 2019 and 2027.
? Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
? A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
? The global structural health monitoring market forecast analysis from 2020 to 2027 is included in the report.
The key market players within the structural health monitoring market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market.

GLOBAL STRUCTURAL HEALTH MONITORING MARKET SEGMENTS

BY COMPONENT
• Hardware
• Software
• Services

BY CONNECTIVITY
• Wired
• Wireless

BY END USER
• Civil
• Aerospace
• Defense
• Energy
• Mining
• Others

BY REGION
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o The UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa

KEY PLAYERS
• National Instruments Corporation
• Advitam Inc.
• Digitexx Data Systems, Inc.
• Acellent Technologies, Inc.
• Nova Metrix LLC
• COWI A/S
• Geocomp Corporation
• Hottinger Baldwin Messtechnik GmbH
• Strainstall UK Limited
• Kinemetrics Inc.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Thermoelectric Generators Market Research Report by Component, Temperature, Material, Application, Vertical, Country - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - North America Forecast 2023-2030

  • $ 3949
  • January 2023
  • 139 pages

Thermoelectric Generators Market Research Report by Component (Cold Side, Electric Load, and Heat Source), Temperature, Material, Application, Vertical, Country - Cumulative Impact of COVID-19, Russia ...

  • North America
  • Oil And Gas
  • Marketing Research
  • Industry analysis

ref:plp2021

Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on