The global structural
health monitoring market foreseen to grow by 4.6%, from USD 14.77 Billion in
2021 to USD 21.17 Billion in 2029. Cascading effects of structural failures
such as loss of lives and capital, increased importance of automated
maintenance and repair of critical infrastructures, significant investments in
infrastructure sector is seen to propel the market growth over the forecast
period. However, high installation and monitoring costs, inaccurate results
owing to errors in readings is likely to hinder market growth for the estimated
What is Structural Health
health monitoring (SHM) system is a method of evaluating and monitoring
structural health. It has been widely applied in various engineering sectors
due to its ability to respond to adverse structural changes, improving
structural reliability and life cycle management.
Structural Health Monitoring market search study helps to thoroughly
understand the current trend in the market competitive analysis of the players
in the emerging market. Moreover, the DRO in the Structural Health Monitoring
market offers valuable perspicuity and a current scenario for making the right
decision. The research study covers the eminent players in the market with a
detailed analysis of the company and a financial overview containing their net
sales, business mix and geographical reach It mainly focuses on the key
developments of the products/services offered by the company in recent years.
Besides, we at Zettabyte have the expertise to analyses the global Structural
Health Monitoring market player's competitive landscape helping the client
comprehend their specific strategic growth approaches.
Health Monitoring market study by "Zettabyte Analytics" offers
details about the market scope, market segmentation, technological advancement
in the Structural Health Monitoring market and highlights the optimistic,
competitive landscape and trends enduring over the years.
Major players in
the Structural Health Monitoring market Acellent Technologies, Avt Reliability,
Bridge Diagnostics, Campbell Scientific, Cowi, Destek Engineering LLC,
Digitexx, FEAC Engineering, First Sensor, Geocomp, Geokon, Geomotion Singapore,
Geosig Ltd., Holtinger Baldwin Messtechnik (Hbm), Infibra Technologies,
Kinemetrics, Metis Design Corporation, Mistras Group, Nova Metrix LLC, Pure
Technologies, RST Instruments, Sensuron, Set Point Technologies, SGS, Sisgeo,
Sixense, Sodis Labs, Strainstall Uk (James Fisher & Sons Plc), Structural
Monitoring Systems Plc.
COVID-19 Impact on Global Structural
Health Monitoring Market
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. The impact of COVID-19 on the Structural Health
Monitoring market has forced the companies to change their sourcing, pricing,
and promotion strategies. The Structural Health Monitoring market players are
seen focusing more on optimizing the e-commerce networks with the rising
innovations in the digital sector, which are creating new business models for
the healthcare industry player.
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). The market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
dynamics, regulatory scenarios, major material dynamics and Structural Health
Monitoring market future markets are analyzed to understand their impact on
demand for the forecast period. Growth rates have been estimated using
correlation, regression and time-series analysis.
For the purpose
of this report, the global Structural Health Monitoring market segmented on the
basis of offering, technology, end user, and region.
On the basis of
Component, the market is segmented into Services, Solutions.
Figure 1 Structural Health Monitoring Market By
Offering (Market Size And Forecast By Value - USD Million, 2021 & 2029)
On the basis of
Technology, the market is segmented into Wired, Wireless.
Figure 2 Technology Outlook (Revenue, USD
End Use Outlook:
On the basis of
End User, the market is segmented into Civil Infrastructure, Aerospace &
Defense, Energy, Mining, Others.
Figure 3 End Use Outlook (Revenue, USD