Global Structural Health Monitoring Market

Global Structural Health Monitoring Market Size, Trends & Analysis with COVID-19 Impact - Forecasts to 2026 By Offering (Software & Services, Hardware), By Applications (Hotspot Monitoring, Corrosion Monitoring, Impact Monitoring, Damage Detection, Crack Detection, Strain Monitoring, State Sensing, Multimodal Sensing), By Technology (Wired, Wireless), By Vertical (Aerospace & Defense, Civil Infrastructure, Energy, Mining, Others), By Region (North America, Europe, Asia Pacific, MEA, CSA); and Company Market Share Analysis & Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology
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Structural Health Monitoring Market: Insights

The global structural health monitoring market will propel at a high CAGR over the forecast period 2020 to 2026. Structural health monitoring (SHM) is a software tool that guides engineers to make critical structures safer and sustainable. The growing automation technologies in civil infrastructure maintenance & repairs are driving market growth during the forecast period. The growing capital investments in infrastructures along with the increasing demand for structural health monitoring systems for monitoring and inspection of bridges are further expected to propel the market growth during the forecast period. SHM is used for measuring stress on wind turbine blades and controlling rail temperature and tension. They are also used in embedded sensors of concrete, wood, and steel for infrastructure monitoring. However, the high implementation cost and stringent government rules and regulations are some of the factors likely to hamper the market growth during the forecast period.

Structural Health Monitoring Market: By Offering

Based on the offering, this market is fragmented into software & services, and hardware. The largest market share contributed to this market is the hardware segment during the forecast period. Hardware components help to identify different physical properties such as deformation, pressure, and tilt of any device. Hardware components include data acquisition systems, sensors, and other communication devices. The growing advancements in sensor technologies and increased usage of smart materials are expected to propel the market growth for hardware segmental. Amongst all the offerings, the software segment is expected to be the fastest-growing at a high CAGR during the forecast period. The software provides the monitoring team with a visual representation of the structural behavior.

Structural Health Monitoring Market: By Technology

Based on the study of technology, this market is bifurcated into wireless and wired. The wired segment is the largest market share contributor during the forecast period. Wired devices are usually used for continuous monitoring of various types of structures. Wired methods are commonly used over years in installing structural health monitoring systems. Wired technology reduces data attenuation, and increases the speed of operation. They have no transmitting frequency limits and deliver a high system bandwidth. These are some of the driving factors that are expected to propel wired technology market growth.

Structural Health Monitoring Market: By Vertical

Based on the study of vertical, the market is segmented into mining, aerospace & defense, energy, and civil infrastructure, among others. The civil infrastructure segment is expected to be the fastest-growing segment at a high CAGR. The increasing investments in building infrastructures and the increasing demand for structural health surveillance systems to maintain and monitor public infrastructure are some of the key factors expected to propel the market growth during the forecast period.

Structural Health Monitoring Market

Structural Health Monitoring Market: By Region

Based on the region, this market split into North America, Asia-Pacific, Europe, CSA and MEA. North America region is expected to be the largest revenue contributor over the coming years. Improving the infrastructure and focusing on aircraft repair and maintenance are some of the key drivers of market growth. Furthermore, the Asia-Pacific is projected to be the fastest-growing region at a high CAGR during the forecast period. The rising adoption of new technologies coupled with the increasing demand for SHM systems in developing countries such as Indonesia, and India to improve public safety will add fuel to the growth of the market in the region.

Structural Health Monitoring Market Share & Competitor Analysis

The main players operating in this market include Cowi, Sixensepure Technologies (A Subsidiary Of Xylem), Geokon, Campbell Scientific, Pacellent Technologies, Nova Metrix, Sgs, Digitexx, Sisgeo, Kinemetrics, Geomotion Singapore, Geocom, Strainstall UK (James Fisher & Sons Plc), RST Instruments, AVT Reliability (Aesseal), First Sensor, Hottinger Baldwin Messtechnik, and Bridge Diagnostics, among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In April 2020, Campbell Scientific launched the latest series "GRANITE" with significant Structural Health Monitoring (SHM) applications.

Structural Health Monitoring Market: By Offering

  1. Introduction  
    1. Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)       
  2. Software & Services 
    1. Software & Services: Structural Health Monitoring Market, 2018-2026 (USD Million       
  3. Hardware      
    1. Hardware: Structural Health Monitoring Market, 2018-2026 (USD Million)

Structural Health Monitoring Market: By Technology

  1. Introduction  
    1. Structural Health Monitoring Market, By Technology Type, 2018-2026 (USD Million)     
  2. Wired
    1. Wired: Structural Health Monitoring Market, 2018-2026 (USD Million)     
  3. Wireless        
    1. Wireless: Structural Health Monitoring Market, 2018-2026 (USD Million)

Structural Health Monitoring Market: By Application

  1. Introduction  
    1. Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)  
  2. Hotspot Monitoring  
    1. Hotspot Monitoring: Structural Health Monitoring Market, 2018-2026 (USD Million)       
  3. Corrosion Monitoring           
    1. Corrosion Monitoring: Structural Health Monitoring Market, 2018-2026 (USD Million)
  4. Impact Monitoring    
    1. Impact Monitoring: Structural Health Monitoring Market, 2018-2026 (USD Million)
  5. Damage Detection    
    1. Damage Detection: Structural Health Monitoring Market, 2018-2026 (USD Million)
  6. Crack Detection        
    1. Crack Detection: Structural Health Monitoring Market, 2018-2026 (USD Million)
  7. Strain Monitoring     
    1. Strain Monitoring: Structural Health Monitoring Market, 2018-2026 (USD Million)
  8. Multimodal Sensing  
    1. Multimodal Sensing: Structural Health Monitoring Market, 2018-2026 (USD Million)

Structural Health Monitoring Market: By Vertical

  1. Introduction  
    1. Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)        
  2. Aerospace & Defense           
    1. Aerospace & Defense: Structural Health Monitoring Market, 2018-2026 (USD Million)    
  3. Civil Infrastructure   
    1. Civil Infrastructure: Structural Health Monitoring Market, 2018-2026 (USD Million)
  4. Energy          
    1. Energy: Structural Health Monitoring Market, 2018-2026 (USD Million)
  5. Mining          
    1. Mining: Structural Health Monitoring Market, 2018-2026 (USD Million)
  6. Others           
    1. Others: Structural Health Monitoring Market, 2018-2026 (USD Million)

Structural Health Monitoring Market: By Region

  1. Introduction  
    1. Global Structural Health Monitoring Market, Regional Analysis, 2018-2026 (USD Million)   
  2. North America          
    1. North America Structural Health Monitoring Market, Regional Analysis, 2018-2026 (USD Million)  
      1. By Offering   
        1. North America Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)           
      2. By Technology           
        1. North America Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)  
      3. By Application           
        1. North America Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)  
      4. By Vertical     
        1. North America Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)           
      5. By Country    
        1. U.S     
          1. By Offering   
            1. U.S. Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)      
          2. By Technology           
            1. U.S. Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)      
          3. By Application           
            1. U.S. Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)      
          4. By Vertical     
            1. U.S. Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)      
        2. Canada.          
          1. By Offering   
            1. Canada Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)      
          2. By Technology           
            1. Canada Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)         
          3. By Application           
            1. Canada Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)         
          4. By Vertical     
            1. Canada Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)      
        3. Mexico           
          1. By Offering   
            1. Mexico Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)      
          2. By Technology           
            1. Mexico Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)         
          3. By Application           
            1. Mexico Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)         
          4. By Vertical     
            1. Mexico Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)      
  3. Europe          
    1. Europe Structural Health Monitoring Market, Regional Analysis, 2018-2026 (USD Million)   
      1. By Offering   
        1. Europe Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)         
      2. By Technology           
        1. Europe Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)         
      3. By Application           
        1. Europe Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)         
      4. By Vertical     
        1. Europe Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)         
      5. By Country    
        1. Germany        
          1. By Offering   
            1. Germany Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)      
          2. By Technology           
            1. Germany Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)         
          3. By Application           
            1. Germany Structural Health Monitoring Market, By Vertcal, 2018-2026 (USD Million)      
          4. By Vertical     
            1. Germany Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)      
        2. UK     
          1. By Offering   
            1. UK Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)      
          2. By Technology           
            1. UK Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)      
          3. By Application           
            1. UK Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)      
          4. By Vertical     
            1. UK Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)    
        3. France
          1. By Offering   
            1. France Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)      
          2. By Technology           
            1. France Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)      
          3. By Application           
            1. France Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)      
          4. By Vertical     
            1. France Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)      
        4. Italy    
          1. By Offering   
            1. Italy Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)      
          2. By Technology           
            1. Italy Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)      
          3. By Application           
            1. Italy Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)      
          4. By Vertical     
            1. Italy Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)      
        5. Spain  
          1. By Offering   
            1. Spain Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)      
          2. By Technology           
            1. Spain Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)      
          3. By Application           
            1. Spain Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)      
          4. By Vertical     
            1. Spain Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)                  
        6. Belgium          
          1. By Offering   
            1. Belgium Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)      
          2. By Technology           
            1. Belgium Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)         
          3. By Application           
            1. Belgium Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)         
          4. By Vertical     
            1. Belgium Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)      
        7. Rest Of Europe          
          1. By Offering   
            1. Rest Of Europe Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)
          2. By Technology           
            1. Rest Of Europe Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)
          3. By Application           
            1. Rest Of Europe Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)
          4. By Vertical     
            1. Rest Of Europe Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)         
  4. Asia Pacific   
    1. Asia Pacific Structural Health Monitoring Market, Regional Analysis, 2018-2026 (USD Million)  
      1. By Offering   
        1. Asia Pacific Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)           
      2. By Technology           
        1. Asia Pacific Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)           
      3. By Application           
        1. Asia Pacific Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)           
      4. By Vertical     
        1. Asia Pacific Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)           
      5. By Country    
        1. China  
          1. By Offering   
            1. China Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)      
          2. By Technology           
            1. China Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)      
          3. By Application           
            1. China Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)      
          4. By Vertical     
            1. China Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)      
        2. Japan  
          1. By Offering   
            1. Japan Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)      
          2. By Technology           
            1. Japan Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)      
          3. By Application           
            1. Japan Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)      
          4. By Vertical     
            1. Japan Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)      
        3. India   
          1. By Offering   
            1. India Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)      
          2. By Technology           
            1. India Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)      
          3. By Application           
            1. India Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)      
          4. By Vertical     
            1. India Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)      
        4. South Korea   
          1. By Offering   
            1. South Korea Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)         
          2. By Technology           
            1. South Korea Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)
          3. By Application           
            1. South Korea Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)
          4. By Vertical     
            1. South Korea Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)
        5. Rest Of Apac 
          1. By Offering   
            1. Rest Of Apac, Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)         
          2. By Technology           
            1. Rest Of Apac Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)
          3. By Application           
            1. Rest Of Apac Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)
          4. By Vertical     
            1. Rest Of Apac Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)      
  5. Central & South America     
    1. Central & South America Structural Health Monitoring Market, Regional Analysis, 2018-2026 (USD Million)   
      1. By Offering   
        1. Central & South America Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)    
      2. By Technology           
        1. Central & South America Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)    
      3. By Application           
        1. Central & South America Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)    
      4. By Vertical     
        1. Central & South America Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)    
      5. By Country    
        1. Brazil  
          1. By Offering   
            1. Brazil Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)      
          2. By Technology           
            1. Brazil Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)      
          3. By Application           
            1. Brazil Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)      
          4. By Vertical     
            1. Brazil Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)      
    2. Middle East & Africa           
      1. Middle East & Africa Structural Health Monitoring Market, Regional Analysis, 2018-2026 (USD Million)   
        1. By Offering   
          1. Middle East & Africa Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)  
        2. By Technology           
          1. Middle East & Africa Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)    
        3. By Application           
          1. Middle East & Africa Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)    
        4. By Vertical     
          1. Middle East & Africa Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)  
        5. By Country    
          1. Saudi Arabia  
            1. By Offering   
              1. Saudi Arabia Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)         
            2. By Technology           
              1. Saudi Arabia Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)
            3. By Application           
              1. Saudi Arabia Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)
            4. By Vertical     
              1. Saudi Arabia Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)         
          2. UAE   
            1. By Offering   
              1. UAE Structural Health Monitoring Market, By Offering, 2018-2026 (USD Million)      
            2. By Technology           
              1. UAE Structural Health Monitoring Market, By Technology, 2018-2026 (USD Million)      
            3. By Application           
              1. UAE Structural Health Monitoring Market, By Application, 2018-2026 (USD Million)      
            4. By Vertical     
              1. UAE Structural Health Monitoring Market, By Vertical, 2018-2026 (USD Million)

The global Structural Health Monitoring Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Structural Health Monitoring Market

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Structural Health Monitoring Market.

Structural Health Monitoring Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Structural Health Monitoring Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Structural Health Monitoring Market

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