Global Structural Health Monitoring Systems Market size was worth around USD 1.54 billion in 2021 and is predicted to grow to around USD 3.74 billion by 2030 with a compound annual growth rate of roughly 11.7% between 2022 and 2030.
Structural Health Monitoring (SHM) systems are used to assess and monitor the condition of various types of structures, such as bridges, buildings, aircraft, and wind turbines. These systems use a variety of sensing technologies to detect changes in the physical characteristics of the structure, such as deformation, vibration, and temperature.
SHM systems typically include a network of sensors, data acquisition equipment, and data analysis software. The sensors can be installed on the surface of the structure or embedded within the structure itself, depending on the application. The data acquired by the sensors is then processed and analyzed by the software, which can provide real-time feedback on the health of the structure.
Request Sample PDF of the Report:https://www.extrapolate.com/sample/healthcare-medical-devices-biotechnology/structural-health-monitoring-systems-market/69658
Increasing Investments in Smart City Projects Supporting the Demand for SHM Systems
A huge on-going initiative in smart cities to monitor the overall infrastructure health is likely to propel the structural health monitoring systems market growth. These projects are likely to shape the market’s future in the forecast years. In addition, the Chinese government has mandated that SHM systems be installed in newly constructed architectural structures and bridges. It also describes the necessity of replaceable, maintainable, and long-lasting sensors with a 20-year service life.
Leading businesses profiled in the global SHM Market include:-
- NATIONAL INSTRUWIREDTS CORP.,
- Digitex
- Accelent Technologies, Inc.,
- GEOKON
- CGG (Sercel)
- Xylem Inc
- (Pure Technologies)
- STRUCTURAL MONITORING SYSTEMS PLC
- Nova Ventures
- COWI A/S
- Hottinger Brüel & Kjaer GmbH
- James Fisher and Sons plc (Strainstall)
- Kinemetrics
- amongst
SEGMENTATION
By Connectivity
- Wired
- Wireless
By Application
- Bridges & Dams
- Building & Stadiums
- Vessels & Platforms
- Airframes & Wind Turbines
- Large Machines & Equipment
Inquire Before Buying This Report: https://www.extrapolate.com/enquire/healthcare-medical-devices-biotechnology/structural-health-monitoring-systems-market/69658
By Component
- Hardware
- Software
- Services
Development in Airframes & Wind Turbines Market Share Owing to its Applications
Based on components, the market is categorized into hardware, software, and services. The hardware segment dominates the market share. Hardware components need to be fitted in enormous quantities in order to cover structures like buildings, dams, bridges, stadiums, and airframes. The expansion of the market is being aided by developments in sensor technology, an increase in the application of smart materials, and the development of smart structures that have embedded sensors.
By Region
- North America
- Europe
- Asia Pacific
- The Middle East & Africa
- Latin America
Increasing Adoption of Structural Health Monitoring in North America to Support Regional Market Growth
North America is dominating the share of the structural health monitoring systems market owing to rising due to the government’s focus on civil infrastructure repair and maintenance, the aging infrastructure, and growing government spending. The U.S. and Canada often rely on structural health monitoring systems to protect structures and people. As North American infrastructure, bridges, dams, and tunnels are adopting structural health monitoring systems. greatly expand the regional mHealth market size. Additionally, usage of mobile broadband is rapidly rising throughout the Asia Pacific, supporting regional growth.
Browse Complete Report Here: https://www.extrapolate.com/healthcare-medical-devices-biotechnology/structural-health-monitoring-systems-market/69658
Notable Industry Developments –
November 2022- Nova Ventures acquired VJ Tech Limited to improve automation and simplify the facets of geotechnical investigation as well as laboratory testing. The purpose behind the acquisition is to increase geographical presence and expansion of product portfolio.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On mHealth Market
Chapter 5. Global mHealth Market Overview, By Component, 2017 – 2030(USD Million)
Browse Complete TOC:
About Extrapolate
Extrapolate is a Global Market Research, Advisory and Consulting firm which works closely with Industry experts from various industries to bring the latest and most accurate research reports.
In an era of breakneck change and a low tolerance for missed or misread opportunities, businesses need astute guidance to shape markets – not merely respond to them. Extrapolate helps clients develop market perspectives that drive success.
Contact Us
Extrapolate
Phone: (+1) 888 328 2189
E-mail: [email protected]
Website: https://www.extrapolate.com
Blog: https://www.extrapolate.com/blog