Structural Health Monitoring (SHM) Systems Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2022 to 2028. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.

Market Insights

The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The market is mainly driven by the automation and standardization in maintenance & repair of civil infrastructure in the post-COVID-10 period, and rising capital investments in structural health monitoring across various countries in the world.

In addition to this, stringent government regulations regarding the sustainability of structures, loss of capital and lives due to catastrophic failure of building infrastructure in the past years, and declining cost of SHM systems, further augment the market growth.

Market Segments' Analysis

According to Stratview Research, the Structural Health Monitoring (SHM) Systems Market is segmented by by Solution (Hardware [Sensors, Data Acquisition Systems, Others], Software & Services), By Application (Bridges & Dams, Buildings & Stadiums, Vessels & Platforms, Airframes & Wind Turbines, Large Machines & Equipment), By Technology (Wired, Wireless) and Region.

On the basis of solution, the global Structural Health Monitoring (SHM) systems market has been bifurcated into hardware and software & services. Among these, the hardware segment accounted for the highest market share in 2020 and is likely to register a steady CAGR during the review period. This is mainly attributed to the significant cost of integral elements of SHM systems such as sensors and data acquisition systems.

By region, the North American market witnessed the highest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to rapidly aging infrastructures such as dams, buildings, bridges, and tunnels in the region which is stirring up the demand for structural health monitoring systems. Thus, to improve structural lifespan and enhance public safety, the installation of these systems is needed, which further boosts regional growth.

Top key vendors in the market:

The report mentions a list of key players in the Structural Health Monitoring (SHM) Systems Market. Some of them are mentioned below –

  • Acellent Technologies (The U.S),
  • Campbell Scientific, Inc. (The U.S),
  • COWI A/S (Denmark),
  • Digitexx (Vietnam), Geocomp Corporation (The U.S),
  • Geokon, Incorporated (The U.S);
  • GeoSIG Ltd. (Switzerland),
  • HBM (Germany),
  • James Fisher and Sons plc (UK), and
  • Kinemetrics (The U.S).

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