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
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, growing infrastructural development across the globe shall drive the structural health monitoring market. A structural health monitoring is an essential equipment for engineers and help 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 structural health monitoring market. Hence, we expect that the structural health monitoring market will show significant growth during the forecast period.
Civil Infrastructure Segment will Led the Market
The structural health monitoring market is segmented into aerospace & defense, civil infrastructure, mining, energy, 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 the market growth. Due to aforementioned reasons, we expect that the civil infrastructure segment will remain dominant during the forecast period 2019-2027.
Asia Pacific to Grow Significantly during the Forecast Period
In 2018, North America has a significant share in the global structural health monitoring market. It holds over 1/3rd share in the total revenue of the global structural health monitoring market. In order to improve the 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 that Asia Pacific region will be the fastest growing region throughout the forecast period.
Some of the prominent players operating in the structural health monitoring market 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. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
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. The report provides a holistic view of global structural health monitoring market based on offering, technology, vertical and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Billion |
| Segmentation |
Offering (2017–2027; US$ Bn) |
|
Technology (2017–2027; US$ Bn) |
|
|
Vertical (2017–2027; US$ Bn) |
|
|
Geography Segment (2017–2027; US$ Bn) |
Key questions answered in this report
- What was the market size of structural health monitoring in 2018 and forecast up to 2027?
- Which is the largest regional market for structural health monitoring?
- What are the major trends followed in overall structural health monitoring across different regions?
- Who are the key structural health monitoring companies leading the market?
- What are the key strategies adopted by the leading structural health monitoring companies in market?
Unique data points of this report
- Recent trends across different regions in terms of adoption of structural health monitoring across various applications
- Notable developments going on in structural health monitoring market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
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.
* Here we are using SHM as a short form of Structural Health Monitoring
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)
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)
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