Market Overview

$3.3 Bn Structural Health Monitoring Market 2018-2023: Regional Opportunities in APAC and GCC Countries


$3.3 Bn Structural Health Monitoring Market 2018-2023: Regional Opportunities in APAC and GCC Countries

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DUBLIN, Aug. 7, 2018 /PRNewswire/ --

The "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" report has been added to's offering.

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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.

The forecast period for this report is considered between 2018 and 2023. The factors that are driving the structural health monitoring market include the aging infrastructure and the superior benefits of structural health monitoring, a decrease in the cost of sensors that results in reducing the structural health monitoring system cost, and stringent environmental regulations pertaining to the sustainability of structures, among many others.

In this report, the structural health monitoring market has been segmented on the basis of technology, offering, vertical, and geography. Based on technology, the market for structural health monitoring systems based on wireless technology is estimated to grow at a higher rate during the forecast period. In wireless technology, the use of wires is eliminated, thereby abolishing the need for installation and protection of cables due to which the cost of the wireless structural health monitoring system is reduced dramatically.

In terms of offerings, the hardware segment is expected to hold the largest market share by 2023 owing to the fact that hardware components are the integral elements of the structural health monitoring system, which measure physical properties of any structure under observation. On the basis of received data from various hardware instruments, decisions are made regarding the corrective actions pertaining to the structure.

In the vertical segment, civil infrastructure is expected to hold the largest market share during the forecast period. Civil infrastructure facilities include numerous critical structures such as bridges, dams, tunnels, highways, and buildings. At present, major countries in different regions such as the US, the UK, Germany, and Japan are heavily investing in building infrastructural facilities, thereby ultimately growing the economy of the country. Thus, the growing civil infrastructure would increase the demand for structural health monitoring systems to maintain and monitor the health of each civil infrastructure and to avoid catastrophic failure of these structures.

Key Topics Covered:

1 Introduction

2 Research Methodology

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 Catastrophic Failure of the Infrastructure Results in Loss of Lives and Incurs High Costs High Capital Investments for Structural Health Monitoring Across Various Countries Worldwide Stringent Government Regulations Pertaining to Sustainability of Structures Aging Infrastructure and Superior Benefits of Structural Health Monitoring Decreasing Cost of Sensors Results in Reducing the Structural Health Monitoring System Cost
5.2.2 Restraints High Installation and Monitoring Costs Inaccurate Results Due to Errors in Readings Slow Growth in Developing Countries
5.2.3 Opportunities Regional Opportunities in APAC and GCC Countries Public-Private Partnerships (P3S Or PPPS) for Infrastructural Growth Use of Advanced Sensor Technologies Integration Technology
5.2.4 Challenges Requirement of Skilled Labors/Operators for Installation and Calibration of Structural Health Monitoring Instruments Technical Challenges and Operational Factors Need for Large Amounts of Data Processing and Management

6 Industry Trends
6.1 Value Chain Analysis
6.1.1 Instrumentation and Hardware Manufacturers Research and Development Raw Material/Component Supply Manufacturing and Assembly Product Distribution 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 Accelerometers Displacement Sensors Inclinometers and Tiltmeters Strain Gauges Corrosion Sensors Temperature Sensors 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 Pre-Installation 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

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

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