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Structural Health Monitoring Market By Offering (Hardware, Software, Service), By Technology Type (Wired, Wireless), By Vertical (Civil Infrastructure, Aerospace & Defense, Energy, Mining, Others) – Growth, Future Prospects, And Competitive Analysis, 2019 – 2027

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The availability of Low-Cost Sensors is driving the Structural Health Monitoring Market.

The structural health monitoring market worldwide is expected to grow with a CAGR of 19.0% during the forecast period from 2019 to 2027, starting from US$ 1.70 Bn in 2018. Extensive accessibility of low-cost sensors and growing infrastructural development across the globe shall drive the structural health monitoring market. In addition, structural health monitoring is an essential piece of equipment for engineers and helps them to maintain various civil arrangements and improve safety. Further, changing government regulations towards the compulsory implementation of SHM systems shall drive the growth of the structural health monitoring market. Hence, we expect the structural health monitoring market to show significant growth during the forecast period.

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Market Synopsis

The Civil Infrastructure Segment will Led the Market

The structural health monitoring market is segmented into aerospace & defense, civil infrastructure, mining, energy, and others (automotive, industrial machinery, transportation, and marine structures). The civil infrastructure segment shall be largest at a faster rate during the forecast period. It includes critical structures such as dams, bridges, highways, buildings, and tunnels. Thus, the continually developing civil infrastructure sector is set to propel market growth. Due to the aforementioned reasons, we expect the civil infrastructure segment to remain dominant during the forecast period 2019-2027.

The Asia Pacific to Grow Significantly during the Forecast Period

In 2018, North America had a significant share in the global structural health monitoring market. It holds over 1/3rd share of the total revenue of the global structural health monitoring market. In order to improve public safety and expand the structural lifespan, the enactment of the structural health monitoring system is necessary. Further, Asia Pacific is expected to hold around 1/4th of the total revenue during the forecast period. The growing infrastructure changes in the regions and changes in government policies shall drive the market in the region. Thus, we expect the Asia Pacific region to be the fastest-growing region throughout the forecast period.

Some prominent players operating in the structural health monitoring market are Advitam, Inc., COWI A/S, Digitexx Data Systems, Inc., Geocomp Corp., Geokon Inc., Geosig Ltd., Hottinger Baldwin Messtechnik, Nova Metrix LLC, Sodis Lab, Starinstall Uk ltd. among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

The structural health monitoring market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global structural health monitoring market based on offering, technology, vertical, and geography.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global SHM Market
2.2. Global SHM Market, by Offering, 2018 (US$ Bn)
2.3. Global SHM Market, by Technology Type, 2018 (US$ Bn)
2.4. Global SHM Market, by Vertical, 2018 (US$ Bn)
2.5. Global SHM Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global SHM Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Structural Health Monitoring (SHM) Market, by Offering , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Hardware
4.2.1. Sensors
4.2.2. Data Acquisition Systems
4.3. Software
4.4. Service
4.4.1. Pre-installation
4.4.2. Post-installation

5. Global Structural Health Monitoring (SHM) Market, by Technology Type, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Wired
5.3. Wireless

6. Global Structural Health Monitoring (SHM) Market, by Vertical, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Civil Infrastructure
6.3. Aerospace & Defense
6.4. Energy
6.5. Mining
6.6. Others (Industrial Machinery, Automotive, Transportation, and Marine Structures)

7. North America Structural Health Monitoring (SHM) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. North America SHM Market Value and Growth, 2017-2027, (US$ Bn)
7.2. North America SHM Market Value, By Offering, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America SHM Market Value, By Technology Type, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America SHM Market Value, By Vertical, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America SHM Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Structural Health Monitoring (SHM) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Europe SHM Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Europe SHM Market Value, By Offering, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe SHM Market Value, By Technology Type, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe SHM Market Value, By Vertical, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe SHM Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Structural Health Monitoring (SHM) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific SHM Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Asia Pacific SHM Market Value, By Offering, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific SHM Market Value, By Technology Type, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific SHM Market Value, By Vertical, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific SHM Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Structural Health Monitoring (SHM) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World SHM Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Rest of the World SHM Market Value, By Offering, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World SHM Market Value, By Technology Type, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World SHM Market Value, By Vertical, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World SHM Market Value, By Region, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. Advitam, Inc.
11.2. COWI A/S
11.3. Digitexx Data Systems, Inc.
11.4. Geocomp Corp.
11.5. Geokon Inc.
11.6. Geosig Ltd.
11.7. Hottinger Baldwin Messtechnik
11.8. Nova Metrix LLC
11.9. Sodis Lab
11.10. Strainstall UK Ltd.

List of Figures

FIG. 1 Global Structural Health Monitoring (SHM) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global SHM Market Segmentation
FIG. 4 Global SHM Market, by Offering, 2018 (US$ Bn)
FIG. 5 Global SHM Market, by Technology Type, 2018 (US$ Bn)
FIG. 6 Global SHM Market, by Vertical, 2018 (US$ Bn)
FIG. 7 Global SHM Market, by Geography, 2018 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key SHM Market Manufacturers, 2018
FIG. 10 Global SHM Market, by Hardware, Value, 2017–2027 (US$ Bn)
FIG. 11 Global SHM Market, by Sensors, Value, 2017–2027 (US$ Bn)
FIG. 12 Global SHM Market, by Data Acquisition Systems, Value, 2017–2027 (US$ Bn)
FIG. 13 Global SHM Market, by Software, Value, 2017–2027 (US$ Bn)
FIG. 14 Global SHM Market, by Services, Value, 2017–2027 (US$ Bn)
FIG. 15 Global SHM Market, by Pre-installation, Value, 2017–2027 (US$ Bn)
FIG. 16 Global SHM Market, by Post-installation, 2017–2027 (US$ Bn)
FIG. 17 Global SHM Market, by Technology, Value, 2017–2027 (US$ Bn)
FIG. 18 Global SHM Market, by Wired 2017–2027 (US$ Bn)
FIG. 19 Global SHM Market, by Wireless, Value, 2017–2027 (US$ Bn)
FIG. 20 Global SHM Market, by Civil Infrastructure, 2017–2027 (US$ Bn)
FIG. 21 Global SHM Market, by Aerospace & Defense, Value, 2017–2027 (US$ Bn)
FIG. 22 Global SHM Market, by Energy, Value, 2017–2027 (US$ Bn)
FIG. 23 Global SHM Market, by Mining, Value, 2017–2027 (US$ Bn)
FIG. 24 Global SHM Market, by Others (Industrial Machinery, Automotive, Transportation and Marine Structures), Value, 2017–2027 (US$ Bn)
FIG. 25 U.S. SHM Market, 2017–2027 (US$ Bn)
FIG. 26 Canada SHM Market, 2017–2027 (US$ Bn)
FIG. 27 U.K. SHM Market, 2017–2027 (US$ Bn)
FIG. 28 Germany SHM Market, 2017–2027 (US$ Bn)
FIG. 29 France SHM Market, 2017–2027 (US$ Bn)
FIG. 30 Italy SHM Market, 2017–2027 (US$ Bn)
FIG. 31 Rest of Europe SHM Market, 2017–2027 (US$ Bn)
FIG. 32 Japan SHM Market, 2017–2027 (US$ Bn)
FIG. 33 China SHM Market, 2017–2027 (US$ Bn)
FIG. 34 India SHM Market, 2017–2027 (US$ Bn)
FIG. 35 Rest of Asia Pacific SHM Market, 2017–2027 (US$ Bn)
FIG. 36 Middle East & Africa SHM Market, 2017–2027 (US$ Bn)
FIG. 37 Latin America SHM Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Structural Health Monitoring (SHM) Market
TABLE 2 Global SHM Market, by Offering, 2017–2027 (US$ Bn)
TABLE 3 Global SHM Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 4 Global SHM Market, by Vertical, 2017–2027 (US$ Bn)
TABLE 5 Global SHM Market, by Geography, 2017–2027 (US$ Bn)
TABLE 6 North America SHM Market, by Offering, 2017–2027 (US$ Bn)
TABLE 7 North America SHM Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 8 North America SHM Market, by Vertical, 2017–2027 (US$ Bn)
TABLE 9 North America SHM Market, by Country, 2017–2027 (US$ Bn)
TABLE 10 Europe SHM Market, by Offering, 2017–2027 (US$ Bn)
TABLE 11 Europe SHM Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 12 Europe SHM Market, by Vertical, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific SHM Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific SHM Market, by Offering, 2017–2027 (US$ Bn)
TABLE 15 Asia Pacific SHM Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 16 Asia Pacific SHM Market, by Vertical, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific SHM Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 18 RoW SHM Market, by Offering, 2017–2027 (US$ Bn)
TABLE 19 RoW SHM Market, by Technology Type, 2017–2027 (US$ Bn)
TABLE 20 RoW SHM Market, by Vertical, 2017–2027 (US$ Bn)
TABLE 21 RoW SHM Market, by Country/Region, 2017–2027 (US$ Bn)

Frequently Asked Questions

What is the size of Structural Health Monitoring Market?

The market for Structural Health Monitoring is expected to reach US$ 1.70 Bn in 2027.

What is the Structural Health Monitoring Market CAGR?

The Structural Health Monitoring market is expected to see significant CAGR growth over the coming years, at 19.0%.

What is the Forecast period considered for Structural Health Monitoring Market?

The report is forecasted from 2019-2027.

What is the base year considered for Structural Health Monitoring Market?

The base year of this report is 2018.

Who are the major players in this market?

Advitam, Inc., COWI A/S, Digitexx Data Systems, Inc., Geocomp Corp., Geokon Inc., Geosig Ltd., Hottinger Baldwin Messtechnik, Nova Metrix LLC, Sodis Lab are some of the major players in the global market.

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