Structural Health Monitoring Market by Technology (Wired and Wireless), Offering (Hardware (Sensors, Data Acquisition Systems) and Software & Services), Vertical (Civil Infrastructure, Energy), Application, and Geography - Global Forecast to 2023

  • ID: 4602319
  • Report
  • Region: Global
  • 170 Pages
  • Markets and Markets
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The Structural Health Monitoring Market is Estimated to Grow from USD 1.48 Billion in 2018 to USD 3.38 Billion by 2023, at a CAGR of 17.93% Between 2018 and 2023

FEATURED COMPANIES

  • Acellent
  • Campbell Scientific
  • Feac Engineering
  • Geokon
  • Kinemetrics
  • Rst Instruments
  • MORE

“Structural health monitoring market expected to grow at a CAGR of 17.93% between 2018 and 2023”
The structural health monitoring market is estimated to grow from USD 1.48 billion in 2018 to USD 3.38 billion by 2023, at a CAGR of 17.93% between 2018 and 2023. Major factors driving the growth of the structural health monitoring market include the catastrophic failure of the infrastructure that results in loss of lives and incurs higher costs, stringent environmental regulations pertaining to the sustainability of structures, and aging infrastructure and the superior benefits of structural health monitoring. However, high installation and monitoring costs, inaccurate results due to errors in readings, slow growth of developing countries are the major restraining factors for the growth of the structural health monitoring market. 

“Wired structural health monitoring technology expected to hold a larger market share by 2023”
Considering today’s scenario, wired structural health monitoring systems are widely adopted for  monitoring different types of structures as they offer reliable connectivity, and there is no limitation on long-distance data transfer. Additionally, wired minoring systems are already being used for the overall assessment of numerous structures such as bridges, buildings, and dams in various countries. 

“Structural health monitoring market in APAC expected to grow at the highest rate between 2018 and 2023”
This growth can be due to the rapid infrastructure building activities being undertaken in APAC, mainly in China, India, and Japan where structural health monitoring paves the way for the modernization of infrastructure. Further, investments from the government sector are also increasing to enhance the infrastructure facilities in the region.
In the process of determining and verifying the market size for several segments gathered through secondary research, extensive primary interviews have been conducted with key industry people.

The breakup of the profile of primary participants has been given below:

  • By Company Type: Tier 1 = 20%, Tier 2 = 45%, and Tier 3 = 35%
  • By Designation: C-Level Executives = 35%, Directors = 25%, and Others=40%
  • By Region: Americas = 45%, Europe = 25%, APAC = 20%, and RoW = 10%

The report profiles the top players in the structural health monitoring market, along with providing their respective market ranking. Prominent players in the market include COWI (Denmark), Pure Technologies (Canada), Structural Monitoring Systems (Australia), Acellent (US), Geocomp (US), Campbell Scientific (US), Nova Metrix (US), Geokon (US), SIXENSE (France), Digitexx (US), Bridge Diagnostics (US), Sisgeo (Italy), RST Instruments (Canada), AVT Reliability (UK), and Geomotion Singapore (Singapore).

Research Coverage:

  • The structural health monitoring market based on technology has been segmented into wired and wireless.
  • The structural health monitoring market based on offering covers hardware, and software and services.
  • The structural health monitoring market based on vertical comprises civil infrastructure, aerospace & defense, energy, mining, and others (including industrial machinery, automotive, transportation, and marine structures).
  • The geographic analysis has been done with regard to the Americas, Europe, APAC, and RoW.

Reasons to Buy This Report:
From an insight perspective, this research report has focused on various levels of analysis—market ranking of top players, value chain analysis, company profiles that provide the overview on the competitive landscape, emerging and high-growth segments of the structural health monitoring market, high-growth regions, and market dynamics such as drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
Market development: Comprehensive information about lucrative emerging markets and analysis of the structural health monitoring market across regions
Market diversification: Exhaustive information about new products, untapped geographic regions, and recent developments in the overall structural health monitoring market
Competitive assessment: In-depth assessment of ranking, strategies, products of the leading players in the structural health monitoring market

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FEATURED COMPANIES

  • Acellent
  • Campbell Scientific
  • Feac Engineering
  • Geokon
  • Kinemetrics
  • Rst Instruments
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data for Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Structural Health Monitoring Market
4.2 Structural Health Monitoring Market, By Hardware
4.3 Structural Health Monitoring Market in APAC, By Vertical and Country
4.4 Structural Health Monitoring Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Catastrophic Failure of the Infrastructure Results in Loss of Lives and Incurs High Costs
5.2.1.2 High Capital Investments for Structural Health Monitoring Across Various Countries Worldwide
5.2.1.3 Stringent Government Regulations Pertaining to Sustainability of Structures
5.2.1.4 Aging Infrastructure and Superior Benefits of Structural Health Monitoring
5.2.1.5 Decreasing Cost of Sensors Results in Reducing the Structural Health Monitoring System Cost
5.2.2 Restraints
5.2.2.1 High Installation and Monitoring Costs
5.2.2.2 Inaccurate Results Due to Errors in Readings
5.2.2.3 Slow Growth in Developing Countries
5.2.3 Opportunities
5.2.3.1 Regional Opportunities in APAC and GCC Countries
5.2.3.2 Public–Private Partnerships (P3S Or PPPS) for Infrastructural Growth
5.2.3.3 Use of Advanced Sensor Technologies
5.2.3.4 Integration Technology
5.2.4 Challenges
5.2.4.1 Requirement of Skilled Labors/Operators for Installation and Calibration of Structural Health Monitoring Instruments
5.2.4.2 Technical Challenges and Operational Factors
5.2.4.3 Need for Large Amounts of Data Processing and Management

6 Industry Trends
6.1 Value Chain Analysis
6.1.1 Instrumentation and Hardware Manufacturers
6.1.1.1 Research and Development
6.1.1.2 Raw Material/Component Supply
6.1.1.3 Manufacturing and Assembly
6.1.1.4 Product Distribution
6.1.1.5 Post-Sales Services
6.1.2 Software and Service Providers
6.1.3 End Users
6.2 Market Evolution
6.3 Key Trends

7 Structural Health Monitoring Market, By Technology
7.1 Introduction
7.2 Wired Structural Health Monitoring
7.3 Wireless Structural Health Monitoring

8 Structural Health Monitoring Market, By Offering
8.1 Introduction
8.2 Hardware
8.2.1 Sensors
8.2.1.1 Accelerometers
8.2.1.2 Displacement Sensors
8.2.1.3 Inclinometers and Tiltmeters
8.2.1.4 Strain Gauges
8.2.1.5 Corrosion Sensors
8.2.1.6 Temperature Sensors
8.2.1.7 Others (Acoustic Sensors, Ultrasonic Sensors, and So On)
8.2.2 Data Acquisition Systems (DAS) and Communication Systems
8.2.3 Others
8.3 Software & Services
8.3.1 Software
8.3.2 Services
8.3.2.1 Pre-Installation
8.3.2.2 Post-Installation

9 Structural Health Monitoring Market, By Vertical
9.1 Introduction
9.2 Civil Infrastructure
9.2.1 Dams
9.2.2 Bridges
9.2.3 Stadiums
9.2.4 Buildings
9.2.5 Tunnels
9.2.6 Others
9.3 Aerospace & Defence
9.3.1 Aerospace
9.3.2 Defense
9.4 Energy
9.5 Mining
9.6 Others

10 Implementation Methods for Structural Health Monitoring Systems
10.1 Introduction
10.2 New Construction
10.3 Retrofitting

11 Applications of Structural Health Monitoring Systems
11.1 Introduction
11.2 Structural Health Monitoring and Nondestructive Testing
11.3 Damage Detection
11.4 Crack Detection
11.5 Impact Monitoring
11.6 Corrosion Monitoring
11.7 Strain Monitoring
11.8 Hotspot Monitoring
11.9 State Sensing
11.10 Multimodal Sensing

12 Structural Health Monitoring Market, By Region
12.1 Introduction
12.2 Americas
12.2.1 North America
12.2.1.1 US
12.2.2 Rest of North America
12.2.2.1 Canada
12.2.2.2 Mexico
12.2.3 South America
12.2.3.1 Brazil
12.2.3.2 Rest of South America
12.3 Europe
12.3.1 UK
12.3.2 Germany
12.3.3 France
12.3.4 Rest of Europe
12.4 APAC
12.4.1 China
12.4.2 Japan
12.4.3 South Korea
12.4.4 Rest of APAC
12.5 Rest of the World (RoW)
12.5.1 Middle East
12.5.2 Africa

13 Competitive Landscape
13.1 Overview
13.2 Ranking of Players, 2017
13.3 Competitive Scenario
13.3.1 Partnerships, Agreements, Collaborations, and Contracts
13.3.2 Product Launches/Developments
13.3.3 Mergers & Acquisitions

14 Company Profiles
14.1 Key Players
14.1.1 Nova Metrix
14.1.2 Geokon
14.1.3 Campbell Scientific
14.1.4 Cowi
14.1.5 Geocomp
14.1.6 Acellent
14.1.7 Sixense
14.1.8 Pure Technologies
14.1.9 Structural Monitoring Systems
14.1.10 Digitexx
14.2 Other Important Players
14.2.1 First Sensor
14.2.2 Bridge Diagnostics
14.2.3 Sisgeo
14.2.4 Rst Instruments
14.2.5 Avt Reliability (Aesseal)
14.2.6 Geomotion Singapore
14.2.7 Strainstall UK (James Fisher & Sons PLC)
14.2.8 Hottinger Baldwin Messtechnik
14.2.9 Kinemetrics
14.3 Start-Up Ecosystem
14.3.1 Feac Engineering
14.3.2 Yapidestek Engineering
14.3.3 Sites-Afla
14.3.4 Sensuron
14.3.5 Infibra Technologies
14.3.6 Sodis Lab
14.3.7 Set Point Technologies

15 Appendix
15.1 Insights of Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: Subscription Portal
15.4 Introducing RT: Real-Time Market Intelligence
15.5 Available Customizations
15.6 Related Reports
15.7 Author Details

List of Tables (69 Tables)

Table 1 Errors and Corrective Measures in Structural Health Monitoring
Table 2 Global Structural Health Monitoring Market, By Technology, 2015–2023 (USD Million)
Table 3 Structural Health Monitoring Market for Wired Technology, By Region, 2015–2023 (USD Million)
Table 4 Comparison Between Wired and Wireless Structural Health Monitoring Systems
Table 5 Structural Health Monitoring Market for Wireless Technology, By Region, 2015–2023 (USD Million)
Table 6 Structural Health Monitoring Market, By Offering, 2015–2023 (USD Million)
Table 7 Structural Health Monitoring Market, By Hardware, 2015–2023 (USD Million)
Table 8 Structural Health Monitoring Market for Hardware, By Region, 2015–2023 (USD Million)
Table 9 Structural Health Monitoring Market for Sensors, By Type, 2015–2023 (USD Million)
Table 10 Structural Health Monitoring Market for Sensors, By Type, 2015–2023 (Thousand Units)
Table 11 Structural Health Monitoring Market for Sensors, By Region, 2015–2023 (USD Million)
Table 12 Structural Health Monitoring Market for Data Acquisition and Communication Systems, By Region, 2015–2023 (USD Million)
Table 13 Structural Health Monitoring Market for Other Hardware Components, By Region, 2015–2023 (USD Million)
Table 14 Structural Health Monitoring Market for Software & Services, By Region, 2015–2023 (USD Million)
Table 15 Structural Health Monitoring Market, By Vertical, 2015–2023 (USD Million)
Table 16 Structural Health Monitoring Market for Civil Infrastructure, By Region, 2015–2023 (USD Million)
Table 17 Structural Health Monitoring Market for Aerospace & Defense Vertical, By Region, 2015–2023 (USD Million)
Table 18 Structural Health Monitoring Market for Energy Vertical, By Region, 2015–2023 (USD Million)
Table 19 Structural Health Monitoring Market for Mining Vertical, By Region, 2015–2023 (USD Million)
Table 20 Structural Health Monitoring Market for Other Verticals, By Region, 2015–2023 (USD Million)
Table 21 Nondestructive Testing and Structural Health Monitoring
Table 22 Global Structural Health Monitoring Market, By Region, 2015–2023 (USD Million)
Table 23 Structural Health Monitoring Market in Americas, By Technology, 2015–2023 (USD Million)
Table 24 Structural Health Monitoring Market in Americas, By Offering, 2015–2023 (USD Million)
Table 25 Structural Health Monitoring Market in Americas, By Hardware, 2015–2023 (USD Million)
Table 26 Structural Health Monitoring Market in Americas, By Vertical, 2015–2023 (USD Million)
Table 27 Structural Health Monitoring Market in Americas, By Region, 2015–2023 (USD Million)
Table 28 Structural Health Monitoring Market in North America, By Hardware, 2015–2023 (USD Million)
Table 29 Structural Health Monitoring Market in North America, By Technology, 2015–2023 (USD Million)
Table 30 Structural Health Monitoring Market in North America, By Country, 2015–2023 (USD Million)
Table 31 Structural Health Monitoring Market in US, By Technology, 2015–2023 (USD Million)
Table 32 Structural Health Monitoring Market in South America, By Hardware, 2015–2023 (USD Million)
Table 33 Structural Health Monitoring Market in South America, By Technology, 2015–2023 (USD Million)
Table 34 Structural Health Monitoring Market in South America, By Country, 2015–2023 (USD Million)
Table 35 Structural Health Monitoring Market in Brazil, By Technology, 2015–2023 (USD Million)
Table 36 Structural Health Monitoring Market in Rest of South America, By Technology, 2015–2023 (USD Million)
Table 37 Major Structural Monitoring Projects in Americas
Table 38 Structural Health Monitoring Market in Europe, By Technology, 2015–2023 (USD Million)
Table 39 Structural Health Monitoring Market in Europe, By Offering, 2015–2023 (USD Million)
Table 40 Structural Health Monitoring Market in Europe, By Hardware, 2015–2023 (USD Million)
Table 41 Structural Health Monitoring Market in Europe, By Vertical, 2015–2023 (USD Million)
Table 42 Structural Health Monitoring Market in Europe, By Country, 2015–2023 (USD Million)
Table 43 Structural Health Monitoring Market in UK, By Technology, 2015–2023 (USD Million)
Table 44 Structural Health Monitoring Market in Germany, By Technology, 2015–2023 (USD Million)
Table 45 Structural Health Monitoring Market in France, By Technology, 2015–2023 (USD Million)
Table 46 Structural Health Monitoring Market in Rest of Europe, By Technology, 2015–2023 (USD Million)
Table 47 Major Structural Monitoring Projects in Europe
Table 48 Structural Health Monitoring Market in APAC, By Technology, 2015–2023 (USD Million)
Table 49 Structural Health Monitoring Market APAC, By Offering, 2015–2023 (USD Million)
Table 50 Structural Health Monitoring Market in APAC, By Hardware, 2015–2023 (USD Million)
Table 51 Structural Health Monitoring Market in APAC, By Vertical, 2015–2023 (USD Million)
Table 52 Structural Health Monitoring Market in APAC, By Country, 2015–2023 (USD Million)
Table 53 Structural Health Monitoring Market in China, By Technology, 2015–2023 (USD Million)
Table 54 Structural Health Monitoring Market in Japan, By Technology, 2015–2023 (USD Million)
Table 55 Structural Health Monitoring Market in South Korea, By Technology, 2015–2023 (USD Million)
Table 56 Structural Health Monitoring Market in Rest of APAC, By Technology, 2015–2023 (USD Million)
Table 57 Major Structural Monitoring Projects in APAC
Table 58 Structural Health Monitoring Market in RoW, By Technology, 2015–2023 (USD Million)
Table 59 Structural Health Monitoring Market in RoW, By Offering, 2015–2023 (USD Million)
Table 60 Structural Health Monitoring Market in RoW, By Hardware, 2015–2023 (USD Million)
Table 61 Structural Health Monitoring Market in RoW, By Vertical, 2015–2023 (USD Million)
Table 62 Structural Health Monitoring Market in RoW, By Region, 2015–2023 (USD Million)
Table 63 Structural Health Monitoring Market in Middle East, By Technology, 2015–2023 (USD Million)
Table 64 Structural Health Monitoring Market in Middle East, By Offering, 2015–2023 (USD Million)
Table 65 Structural Health Monitoring Market in Africa, By Technology, 2015–2023 (USD Million)
Table 66 Structural Health Monitoring Market in Africa, By Offering, 2015–2023 (USD Million)
Table 67 Major Structural Monitoring Projects in RoW
Table 68 Ranking Analysis Based on Hardware Offerings in the Structural Health Monitoring Market, 2017
Table 69 Ranking Analysis Based on Software and Service Offerings in the Structural Health Monitoring Market, 2017

List of Figures (47 Figures)

Figure 1 Market Segmentation: Structural Health Monitoring Market
Figure 2 Geographic Scope
Figure 3 Research Design
Figure 4 Data Triangulation
Figure 5 Structural Health Monitoring Market, By Technology, 2017–2023 (USD Million)
Figure 6 Structural Health Monitoring Market Share, By Offering, 2017 vs 2023
Figure 7 Aerospace & Defense Vertical to Exhibit the Highest CAGR in the Structural Health Monitoring Market During the Forecast Period
Figure 8 Structural Health Monitoring Market in APAC Expected to Register the Highest CAGR Between 2018 and 2023
Figure 9 Catastrophic Failure of the Infrastructure Results in Loss of Lives and Incurs Higher Costs Propels the Structural Health Monitoring Market Growth Between 2018 and 2023
Figure 10 Sensors Expected to Hold the Largest Share of the Overall Structural Health Monitoring Market for Hardware By 2023
Figure 11 Civil Infrastructure Held the Largest Share of the Structural Health Monitoring Market in APAC in 2017
Figure 12 US Held the Largest Market Share of the Global Structural Health Monitoring Market in 2017
Figure 13 Catastrophic Failure of the Infrastructure Results in Loss of Lives and Incurs High Costs
Figure 14 Concept of Structural Health Monitoring System
Figure 15 Actual Spending on Maintenance of Bridges vs Need for Capital Investment Till 2028 in the Us
Figure 16 Advantages of Structural Health Monitoring
Figure 17 Responsibilities/Costs Involved in Structural Health Monitoring
Figure 18 Value Chain of Structural Health Monitoring Ecosystem
Figure 19 Market Evolution
Figure 20 Structural Health Monitoring Market, By Technology
Figure 21 Market for Wireless Structural Health Monitoring Systems Expected to Grow at A Higher Rate Between 2018 and 2023
Figure 22 Market for Wireless Structural Health Monitoring Systems in APAC Estimated to Grow at the Highest CAGR Between 2018 and 2023
Figure 23 Structural Health Monitoring Market, By Offering
Figure 24 Structural Health Monitoring Market for Software & Services Estimated to Grow at A Higher Rate Between 2018 and 2023
Figure 25 Structural Health Monitoring Market, By Hardware
Figure 26 APAC to Exhibit the Highest CAGR in the Structural Health Monitoring Market for Sensors During the Forecast Period
Figure 27 APAC to Exhibit the Highest Growth in the Structural Health Monitoring Market for Software & Services During the Forecast Period
Figure 28 Structural Health Monitoring Market, By Vertical
Figure 29 Civil Infrastructure Estimated to Hold the Largest Size of the Structural Health Monitoring Market During 2018–2023
Figure 30 Structural Health Monitoring Market, By Civil Infrastructure
Figure 31 Americas to Hold the Largest Market Size in the Structural Health Monitoring Market for Aerospace & Defense Vertical During 2018–2023
Figure 32 Structural Health Monitoring Market in APAC for Energy Vertical Estimated to Grow at the Highest CAGR During 2018–2023
Figure 33 Implementation Methods for Structural Health Monitoring Systems
Figure 34 Applications of Structural Health Monitoring Systems
Figure 35 User Survey on Viability of Structural Health Monitoring Compared to Nondestructive Testing (NDT)
Figure 36 Structural Health Monitoring Market in China Expected to Grow at the Highest CAGR During the Forecast Period
Figure 37 Structural Health Monitoring Market in APAC Estimated to Grow at the Highest CAGR Between 2018 and 2023
Figure 38 Geographical Snapshot: Americas
Figure 39 Geographical Snapshot: Europe
Figure 40 Geographical Snapshot: APAC
Figure 41 Geographical Snapshot: RoW
Figure 42 Key Developments in the Structural Health Monitoring Market for Hardware Offerings
Figure 43 Key Developments in the Structural Health Monitoring Market for Software and Service Offerings
Figure 44 Product Launches/Developments, Partnerships, and Contracts Were the Key Strategies Adopted By Market Players Between 2015 and 2017
Figure 45 Cowi: Company Snapshot
Figure 46 Pure Technologies: Company Snapshot
Figure 47 Structural Monitoring Systems: Company Snapshot

Note: Product cover images may vary from those shown
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  • Acellent
  • Avt Reliability (Aesseal)
  • Bridge Diagnostics
  • Campbell Scientific
  • Cowi
  • Digitexx
  • Feac Engineering
  • First Sensor
  • Geocomp
  • Geokon
  • Geomotion Singapore
  • Hottinger Baldwin Messtechnik
  • Infibra Technologies
  • Kinemetrics
  • Nova Metrix
  • Pure Technologies
  • Rst Instruments
  • Sensuron
  • Set Point Technologies
  • Sisgeo
  • Sites-Afla
  • Sixense
  • Sodis Lab
  • Strainstall UK (James Fisher & Sons PLC)
  • Structural Monitoring Systems
  • Yapidestek Engineering
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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