The global structural health monitoring market is segmented based on component, connectivity, end user, and geography. Based on component, the market is classified into hardware, software, and services. The hardware segment is further categorized into sensors, data acquisition systems (DAS), and others. The hardware segment accounted for dominant share of the market in 2016, and is expected to maintain this trend during the forecast period. The services segment in structural health monitoring industry is expected to grow at highest CAGR from 2017 to 2023.
Based on connectivity, the structural health monitoring market is bifurcated into wired systems and wireless systems. Based on end users, it is categorized into civil, aerospace, defense, energy, mining, and others. The civil segment is further classified into tunnels, dams, stadiums, and others. SHM has become an important tool for monitoring large and complex civil structures. Emerging legislations, increasing social pressures, and the changes in the contractual relationships between builder and users drive the demand for SHM in civil infrastructures. The aerospace industry is estimated to be the fastest growing end user in the structural health monitoring market, growing at a CAGR of 21.2% from 2017 to 2023.
Geographically, the structural health monitoring market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (Japan, China, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Key companies profiled in the 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.
This report provides an in-depth analysis of the global structural health monitoring market to identify the potential investment pockets.
It outlines the current trends and future scenarios to determine the overall market potential and gain stronger market foothold.
Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.
Quantitative analysis of the structural health monitoring market from 2016 to 2023 is highlighted to recognize the financial competency of the market.
Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.
KEY MARKET SEGMENTS
Data Acquisition Units
BY END USER
Rest of Europe
Rest of Asia-Pacific
KEY MARKET PLAYERS
National Instruments Corporation
Digitexx Data Systems, Inc.
Acellent Technologies, Inc.
Strainstall UK Limited(James Fisher & Sons PLC.)
Nova Metrix LLC.
Hottinger Baldwin Messtechnik GmbH
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top winning strategies
3.2.3. Top investment pockets
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET SHARE ANALYSIS, 2015
3.5. MARKET DYNAMICS
184.108.40.206. Increased focus on structural health monitoring
220.127.116.11. Obsolete infrastructure in Europe and North America
18.104.22.168. Obsolete aircraft of domestic & international airlines
22.214.171.124. Reduction of inspection costs
126.96.36.199. Frequent occurrences of natural calamities
188.8.131.52. High implementation cost
184.108.40.206. Challenges pertaining to data normalization
220.127.116.11. Growth in investments in infrastructure
18.104.22.168. Advances in wireless sensor networks
CHAPTER 4 GLOBAL STRUCTURAL HEALTH MONITORING MARKET, BY COMPONENT
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size & forecast
22.214.171.124. Data acquisition units
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size & forecast
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size & forecast
CHAPTER 5 STRUCTURAL HEALTH MONITORING MARKET, BY CONNECTIVITY
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size & forecast
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size & forecast
CHAPTER 6 STRUCTURAL HEALTH MONITORING MARKET, BY END USER
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size & forecast
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size & forecast
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size & forecast
6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size & forecast
6.6.1. Key market trends
6.6.2. Key growth factors and opportunities
6.6.3. Market size & forecast
6.7.1. Key market trends
6.7.2. Key growth factors and opportunities
6.7.3. Market size & forecast
CHAPTER 7 STRUCTURAL HEALTH MONITORING MARKET, BY GEOGRAPHY
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size & forecast
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size & forecast
126.96.36.199. Rest of Europe
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size & forecast
188.8.131.52. Rest of Asia-Pacific
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size & forecast
184.108.40.206. Latin America
220.127.116.11. Middle East
CHAPTER 8 COMPANY PROFILES
8.1. NATIONAL INSTRUMENTS CORPORATION
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. Key strategic moves & developments, 2014-2016
8.2. ADVITAM INC.
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.3. DIGITEXX DATA SYSTEMS, INC.
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Key strategic moves & developments, 2014-2016
8.4. ACELLENT TECHNOLOGIES, INC.
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance
8.5. STRAINSTALL UK LIMITED (JAMES FISHER & SONS PLC.)
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Key strategic moves & developments, 2014-2016
8.6. NOVA METRIX LLC.
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.7. COWI A/S
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.7.6. Key strategic moves & developments, 2014-2016
8.8. GEOCOMP CORPORATION
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.8.5. Key strategic moves and developments
8.9. HOTTINGER BALDWIN MESSTECHNIK GMBH
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.10. KINEMETRICS INC.
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
8.10.5. Business performance
Structural health monitoring (SHM) is a process aimed at providing accurate and timely information about the condition and performance of a building structure. It can either be a short- or a long-term process. In developing countries, such as China and India, owing to negligence and non-availability of technology, SHM is not utilized to its full potential. However, imposition of stringent government regulations on safety standards of civil infrastructures provides a major opportunity for SHM market in these countries.
Factors that drive the growth of the global structural health monitoring market are rapid increase in construction activities and the growth in need for continuous monitoring of the structure. In addition, growth in infrastructure investments and advances in wireless sensor networks provides opportunities for the global structural health monitoring market. However, high implementation cost and challenges concerning data normalization are some of the factors that restrain the structural health monitoring market growth.
The hardware segment in the global structural health monitoring market generated the highest revenue in 2016, and is expected to maintain its dominance throughout the analysis period, owing to high adoption of sensors for accurate and reliable data. Data loggers used in SHM are compatible with all types of commercially available sensors and the selection of a particular type of sensor is highly application specific.
Civil industry in the structural health monitoring industry generated highest revenue in the global structural health monitoring market in 2016. The major demand for SHM from civil structures is obtained, owing to high demand from oil industry and operators of large dams and highways agencies. In comparison to infrastructures, residential, and commercial construction have received little consideration due to lack of awareness among the owners. Building owners are educated on the benefits of SHM and these measures are supported by several government regulations. The increase in demand for SHM in civil engineering drives the need of SHM to ensure safety of the structures and the human lives. SHM is capable of earlier detection of the damage, which makes it feasible to amend it before occurrence of loss.
Wired technology dominated the global structural health monitoring market, accounting for more than 50% share, in 2016, which is the most conventional approach in the SHM market. Wired SHM is significantly losing its share to wireless SHM during the last few years, owing to the high cost input due to usage of wiring.
Key Findings of the Structural Health Monitoring Market:
In terms of value, the services segment is anticipated to register highest growth rate during the analysis period.
Sensors generated the highest revenue in 2016.
Aerospace sector is anticipated to grow at the highest rate by 2023.
North America is projected to maintain its lead position throughout 2023 and is expected to grow at a CAGR of 18.5%, in terms of value.
U.S. occupied two-thirds of the total North America market in 2016.
Asia-Pacific is expected to grow at a CAGR of 21.6% from 2017 to 2023.
The growth in infrastructure activities in the developing countries, such as China and India, and surge in government regulations propel the market growth for Asia-Pacific.
The key companies profiled in the 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.
- National Instruments Corporation
- Advitam Inc.
- Digitexx Data Systems, Inc.
- Acellent Technologies, Inc.
- Strainstall UK Limited(James Fisher & Sons PLC.)
- Nova Metrix LLC.
- COWI A/S
- Geocomp Corporation.
- Hottinger Baldwin Messtechnik GmbH
- Kinemetrics Inc.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.