Structural Health Monitoring Market

Structural Health Monitoring Market with COVID-19 Impact by Technology (Wired, Wireless), Offering (Sensors, Data Acquisition Systems, and Software & Services), Vertical (Civil Infrastructure, Energy, Aerospace), and Geography - Global Forecast to 2025

Report Code: SE 3865 Aug, 2020, by marketsandmarkets.com

[217 Pages Report] The structural health monitoring market is estimated to grow from USD 1.5 billion in 2020 to USD 2.9 billion by 2025, at a CAGR of 14.1% between 2020 and 2025. The major drivers for the market growth are automation and standardization in maintenance & repair of civil infrastructure in the post-COVID-19 period, loss of lives and capital due to catastrophic failure of infrastructure in recent years, increasing capital investments in structural health monitoring across various countries worldwide, stringent government regulations pertaining to the sustainability of structures, aging infrastructure and superior benefits associated with structural health monitoring, and declining cost of structural health monitoring systems.

Structural Health Monitoring (SHM) Market

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COVID-19 impact on Structural Health Monitoring Market

Structural health monitoring market is expected to witness a downturn for the first two to three quarters of 2020 as major construction, maintenance, and repair activities in the civil infrastructure, aerospace & defence, and energy sectors across various countries were put on a halt in the first half of 2020 to contain the virus. The companies in the structural health monitoring market have witnessed a decrease in the demand for monitoring devices due to the COVID-19 pandemic. However, the market can start a gradual recovery from the end of 2020 as the governments are resuming infrastructure development work to reduce the unemployment rate caused by the COVID-19 pandemic. Moreover, the halting of operations of the airlines due to travel restrictions imposed by the countries could increase the maintenance, repair, and overhaul activities in the aviation sector.

In the most realistic scenario, the structural health monitoring market is expected to witness ~15% dip in 2020 as major companies operating in this market have been impacted negatively during the first quarter of 2020, and demand is also expected to be subdued in the coming quarters. By the end of 2020, the demand for structural health monitoring devices and equipment is expected to witness momentum and gradual recovery from the first half of 2021 while reaching the normalcy by later half of 2021. The market is expected to grow at a CAGR of 7% in 2021, followed by 14% in 2022 in the most realistic scenario approach. From 2023 onwards, the market is expected to witness higher growth rate between 16% and 17%.

Structural Health Monitoring Market Dynamics

Drivers: Automation and standardization in maintenance & repair of civil infrastructure in post-COVID-19 period to drive the market growth

The construction industry has witnessed a slow transformation toward the digitization and automation of its key processes, such as maintenance and repair, in recent years. The pandemic has significantly hampered the work and productivity of the workers at the construction sites, as the need to execute the contracts under conditions of social distancing and working with limited capacity has resulted in the loss of time and money. Thus, the trend toward the automation and standardization of key processes along with the remote working solutions is increasing. The gradual rise of the standardization and automation of maintenance and repair is expected to increase the trend of remotely working, which could be a transformational impact on the construction industry. Qualified personnel could exercise its control and perform its duties remotely with enough information through the installed systems without compromising on quality and control. The standardization and automation of the maintenance and repair of the infrastructure through digitization and the use of smart sensors will allow the solutions to be more adaptive and resilient during uncertain times like the COVID-19 pandemic.

Restraints: High installation and monitoring costs

The cost of structural health monitoring systems rises with range, resolution, accuracy, precision, and repeatability. Though the structural health monitoring systems help to save costs in the long term, the costs involved in installation and monitoring are very high, mainly because of the advanced sensors, software, and complex data acquisition systems. The cost involved to build a structural health monitoring solution includes the costs of hardware, software, and services that majorly depend on the complexity of structures and cost of construction. Highly complex structures require highly efficient instrumentation solutions, which increases the overall costs. Additionally, monitoring costs involved in this are very high.

Opportunities: Integration of technologically advanced solutions for structural health monitoring during post-COVID-19 period

As the structural health monitoring systems become complex, there are new avenues for integrated technologies, which help in collating the hardware, i.e., sensors, communication modules, and data acquisition systems, where software is used to analyze the received monitoring data. The integration approach is the best tool for structural health monitoring because it is impossible to monitor the complete health of a structure using only a single technique. Therefore, many key players are focusing on developing cost-efficient structural health monitoring solutions in which electrical, magnetic, thermal, and other physical variables, chemical variables, and several technologies are integrated to offer more accurate results, which is likely to increase the adoption of integrated structural health monitoring systems.

Challenges: Requirement of skilled operators for installation and calibration of structural health monitoring instruments

Almost every infrastructure project presents a unique set of critical parameters. The operator or designer must identify those parameters and then select instruments to measure them. For the installation and calibration of structural health monitoring solutions, skilled personnel is required as decisions pertaining to the process of structural health monitoring depends on instrument type, specification, range, resolution, and precision of measurement. Moreover, the information required during the construction and post-construction phases also vary depending on the structure. In some cases, monitoring one parameter is sufficient, but in case of complex cases, to monitor various parameters, the correlation between them is of utmost importance. This needs to be done by skilled personnel. Thus, the lack of skilled personnel in the APAC region, high labor costs in the Americas and Europe are expected to be the major challenges for the providers of structural health monitoring solutions.

Hardware to hold largest market size between 2020 and 2025

The structural health monitoring market for the hardware segment is expected to dominate between 2020 and 2025. Hardware components are a vital part of the structural health monitoring system. These components measure various physical properties such as strain, deformation, and tilt of any structure under observations. Based on the received data from the various hardware equipment, decisions are made regarding the specific structure. Hardware includes various sensors, DAS, and other communication devices. Therefore, this segment is expected to hold a larger share during the forecast period.

Wired type structural health monitoring systems to account for larger market share during the forecast period

At present, wired monitoring systems are already being used widely for the overall assessment of numerous structures such as bridges, buildings, and dams. The wired structural health monitoring system defines the communication technology between sensors, the data acquisition system (DAS), and other communication devices that are connected with the help of lead wires, co-axial cables, optical fibers, and other wired communication technologies. Wired techniques are widely used for the installation of structural health monitoring systems for decades. Presently, the wired monitoring system is extensively used as it offers certain advantages such as reduced data attenuation, high speed of operation, no limitation on a transmission range, and high system bandwidth.

Civil infrastructure vertical to account for largest market share from 2020 to 2025

Civil infrastructure includes bridges, dams, tunnels, highways, and buildings. At present, major countries in different regions such as the US, the UK, Germany, Japan, China, India, Qatar, and Saudi Arabia are highly investing in building infrastructural facilities, which is ultimately supporting the growth of the economy. For example, Louisiana has started the I-10 widening project in the capital region. The Louisiana Department of Transportation in June 2020 announced the I-10 widening project from LA-415 in West Baton Rouge Parish to the I-10/12 split in East Baton Rouge Parish. Additionally, the other major construction project to be watched in 2020 is the New York City transit upgrades. The industry watchers have their eyes on the USD 11.3 billion Gateway Tunnel replacement project connecting New York and New Jersey. Thus, the growing civil infrastructure is expected to increase the demand for structural health monitoring systems to maintain and monitor the condition of each civil infrastructure and avoid catastrophic failures.

Americas to dominate the structural health monitoring market between 2020 and 2025

The Americas dominated the structural health monitoring market with the largest share in the year 2019 and is expected to follow the similar trend during the forecast period. The large share of the Americas market is due to the rising focus of the government on the repair and maintenance of the civil infrastructure and aircraft. The market can see a downturn due to the outbreak of the COVID-19 pandemic, but a recovery is expected in 2021 attributed to easing up of lockdowns.

The key driving factors for the market growth in the Americas include the aging infrastructure, support from various governments in the region, and increasing need for effective solutions for the maintenance of infrastructures. Furthermore, according to the Federal Highway Administration (FHWA) in the US, more than 30% of the structures, such as bridges and tunnels, have exceeded their 50 years of design life. So, to increase public safety and improve the structural lifespan, the implementation of a structural health monitoring system is a must. Such factors would further contribute to the growth of the market in the Americas.

Structural Health Monitoring (SHM) Market  by Region

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Scope of the report

Report Metric

Details

Market size available for years

2016–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD Million), and Volume (Million Units)

Segments covered

By Offering, By Technology, and By Vertical

Geographies covered

Americas (North America & South America), Europe, Asia Pacific, and Rest of World

Companies covered

A few of the major players in the structural health monitoring market are COWI (Denmark), Pure Technologies (Canada), Structural Monitoring Systems (Australia), Acellent Technologies (US), Geocomp Corporation (US), Campbell Scientific (US), Nova Metrix (US), Geokon, Incorporated (US), SIXENSE Systems (France), Digitexx Data Systems (US), Bridge Diagnostics (US), Sisgeo (Italy), RST Instruments (Canada), AVT Reliability (UK), and Geomotion Singapore (Singapore).

The study categorizes the structural health monitoring market based on offering, technology, vertical at the regional and global level.

By Offering

  • Hardware
  • Software & Services

By Technology

  • Wired
  • Wireless

By Vertical

  • Civil Infrastructure
  • Aerospace & Defense
  • Energy
  • Mining
  • Others

By Region

  • Americas
    • North America
    • South America
  • Europe
  • Asia Pacific
  • Rest of World

Recent Developments

  • Campbell Scientific launched new GRANITE series with significant applications for structural health monitoring (SHM).
  • Geocomp introduced a bi-directional shear testing machine. This product launch will enhance product portfolio capabilities as it will help in testing offshore structures.
  • Nova Measurements acquired Controls (Italy), a global leader in the design, supply, and manufacture of testing equipment for construction and civil engineering industries.
  • Cowi acquired Arkitema Architects. Through this acquisition, Cowi aimed at expanding itself making it the largest player in Denmark for the building segment.
  • Six Sense acquired Perazio Company (France), a digital solution provider for the construction industry.
  • COWI acquired Projektbyrεn, a Swedish company expert in project management services.
  • Cowi expanded its operations in the US to meet the boom in offshore wind farms.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 OBJECTIVES OF THE STUDY
    1.2 DEFINITION
           1.2.1 INCLUSION AND EXCLUSION
                    1.2.1.1 Inclusion and exclusion: offering segment
                    1.2.1.2 Inclusion and exclusion: vertical, technology, and geography segments
    1.3 MARKET SCOPE
        FIGURE 1 MARKET SEGMENTATION: STRUCTURAL HEALTH MONITORING MARKET
        FIGURE 2 GEOGRAPHIC SCOPE
    1.4 YEARS CONSIDERED FOR THE STUDY
    1.5 SUMMARY OF CHANGES
    1.6 CURRENCY
    1.7 LIMITATIONS
    1.8 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
        FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
                    2.1.1.2 List of major secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data for primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for capturing market size by bottom-up analysis (demand side)
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market size by top-down analysis (supply side)
                            FIGURE 4 MARKET SIZE ESTIMATION: DEMAND SIZE APPROACH
                            FIGURE 5 MARKET SIZE ESTIMATION: SUPPLY SIZE APPROACH
    2.3 DATA TRIANGULATION
        FIGURE 6 DATA TRIANGULATION
    2.4 ASSUMPTIONS
           2.4.1 COVID-19 IMPACT ON THE ECONOMY—SCENARIO ASSESSMENT
                 TABLE 1 CRITERIA IMPACTING THE GLOBAL ECONOMY

3 EXECUTIVE SUMMARY (Page No. - 45)
    3.1 REALISTIC (POST-COVID-19) SCENARIO
    3.2 OPTIMISTIC (POST COVID-19) SCENARIO
    3.3 PESSIMISTIC (POST COVID-19) SCENARIO
        FIGURE 7 SCENARIO ANALYSIS: STRUCTURAL HEALTH MONITORING MARKET (USD MILLION), 2016–2025
        FIGURE 8 WIRELESS STRUCTURAL HEALTH MONITORING SYSTEMS SEGMENT TO WITNESS HIGH GROWTH DURING FORECAST PERIOD
        FIGURE 9 HARDWARE SEGMENT TO DOMINATE STRUCTURAL HEALTH MONITORING MARKET DURING FORECAST PERIOD
        FIGURE 10 AEROSPACE & DEFENSE VERTICAL TO EXHIBIT HIGHEST CAGR IN STRUCTURAL HEALTH MONITORING MARKET DURING FORECAST PERIOD
        FIGURE 11 STRUCTURAL HEALTH MONITORING MARKET IN APAC TO REGISTER HIGHEST CAGR BETWEEN 2020 AND 2025

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE STRUCTURAL HEALTH MONITORING MARKET
        FIGURE 12 CATASTROPHIC FAILURE OF INFRASTRUCTURES TO INCREASE DEMAND FOR STRUCTURAL HEALTH MONITORING BETWEEN 2020 AND 2025
    4.2 STRUCTURAL HEALTH MONITORING MARKET, BY HARDWARE
        FIGURE 13 SENSORS TO HOLD LARGEST SHARE OF STRUCTURAL HEALTH MONITORING MARKET BY 2025
    4.3 STRUCTURAL HEALTH MONITORING MARKET IN APAC, BY VERTICAL AND COUNTRY
        FIGURE 14 CIVIL INFRASTRUCTURE SEGMENT AND CHINA HELD LARGEST SHARES OF STRUCTURAL HEALTH MONITORING MARKET IN APAC IN 2019
    4.4 STRUCTURAL HEALTH MONITORING MARKET, BY TECHNOLOGY
        FIGURE 15 WIRED TECHNOLOGY TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
    4.5 STRUCTURAL HEALTH MONITORING MARKET, BY GEOGRAPHY
        FIGURE 16 CHINA TO REGISTER HIGHEST CAGR BETWEEN 2020 AND 2025

5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 17 MARKET DYNAMICS: STRUCTURAL HEALTH MONITORING MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Automation and standardization in maintenance & repair of civil infrastructure in post-COVID-19 period
                    5.2.1.2 Loss of lives and capital due to catastrophic failure of infrastructure in recent years
                            FIGURE 18 CONCEPT OF STRUCTURAL HEALTH MONITORING SYSTEM
                    5.2.1.3 Increasing capital investments in structural health monitoring across various countries worldwide
                            FIGURE 19 NUMBER OF BRIDGES IN MAJOR COUNTRIES TILL 2019
                            FIGURE 20 NUMBER OF DAMS IN MAJOR COUNTRIES TILL 2019
                    5.2.1.4 Stringent government regulations pertaining to the sustainability of structures
                    5.2.1.5 Aging infrastructure and superior benefits associated with structural health monitoring
                            FIGURE 21 ADVANTAGES OF STRUCTURAL HEALTH MONITORING
                    5.2.1.6 Declining cost of structural health monitoring systems
                            FIGURE 22 IMPACT ANALYSIS: DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 High installation and monitoring costs
                            FIGURE 23 RESPONSIBILITIES/COSTS INVOLVED IN STRUCTURAL HEALTH MONITORING
                    5.2.2.2 High chances of inaccurate results due to errors in readings
                            TABLE 2 ERRORS AND CORRECTIVE MEASURES IN STRUCTURAL HEALTH MONITORING
                    5.2.2.3 Slow response to the structural health monitoring in developing countries
                            FIGURE 24 IMPACT ANALYSIS: RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Integration of technologically advanced solutions for structural health monitoring during post-COVID-19 period
                    5.2.3.2 Regional opportunities and high growth prospects in APAC and GCC countries
                    5.2.3.3 Public–private partnerships (PPPs) for infrastructure development
                    5.2.3.4 Advancements in the field of sensor technology
                            FIGURE 25 IMPACT ANALYSIS: OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Requirement of skilled operators for installation and calibration of structural health monitoring instruments
                    5.2.4.2 Technical challenges and operational factors
                    5.2.4.3 Need for large volumes of data processing and management
                            FIGURE 26 IMPACT ANALYSIS: CHALLENGES

6 INDUSTRY TRENDS (Page No. - 66)
    6.1 VALUE CHAIN ANALYSIS
        FIGURE 27 VALUE CHAIN OF STRUCTURAL HEALTH MONITORING ECOSYSTEM
           6.1.1 INSTRUMENTATION AND HARDWARE MANUFACTURERS
                    6.1.1.1 Research and development
                    6.1.1.2 Raw material/component supply
                    6.1.1.3 Manufacturing and assembly
                    6.1.1.4 Product distribution
                    6.1.1.5 Post-sales services
           6.1.2 SOFTWARE AND SERVICE PROVIDERS
           6.1.3 END USERS
    6.2 MARKET EVOLUTION
        FIGURE 28 MARKET EVOLUTION: STRUCTURAL HEALTH MONITORING
    6.3 KEY TECHNOLOGY TRENDS
    6.4 AVERAGE SELLING PRICE (ASP) TRENDS FOR SENSORS (2016–2025)
    6.5 CASE STUDIES: STRUCTURAL HEALTH MONITORING MARKET
           6.5.1 CASE STUDY 1: SGS GROUP
           6.5.2 CASE STUDY 2: MONITORING OF VINTAGE BRIDGE (RUSSIA)
           6.5.3 CASE STUDY 3: STRUCTURAL HEALTH MONITORING OF NAINI BRIDGE (INDIA)

7 STRUCTURAL HEALTH MONITORING MARKET, BY OFFERING (Page No. - 72)
    7.1 INTRODUCTION
        TABLE 3 STRUCTURAL HEALTH MONITORING MARKET, BY OFFERING, 2016–2019 (USD MILLION)
        FIGURE 29 STRUCTURAL HEALTH MONITORING MARKET FOR SOFTWARE & SERVICES IS ESTIMATED TO GROW AT A HIGHER RATE BETWEEN 2020 AND 2025
        TABLE 4 STRUCTURAL HEALTH MONITORING MARKET, BY OFFERING, 2020–2025 (USD MILLION)
    7.2 IMPACT OF COVID-19 ON HARDWARE AND SOFTWARE & SERVICES SEGMENTS
        FIGURE 30 PRE-AND POST-COVID-19 SCENARIO: HARDWARE
        FIGURE 31 PRE-AND POST-COVID-19 SCENARIO: SOFTWARE & SERVICES
    7.3 HARDWARE
        FIGURE 32 STRUCTURAL HEALTH MONITORING MARKET, BY HARDWARE
        TABLE 5 STRUCTURAL HEALTH MONITORING MARKET, BY HARDWARE, 2016–2019 (USD MILLION)
        TABLE 6 STRUCTURAL HEALTH MONITORING MARKET, BY HARDWARE, 2020–2025 (USD MILLION)
        TABLE 7 STRUCTURAL HEALTH MONITORING MARKET FOR HARDWARE, BY REGION, 2016–2019 (USD MILLION)
        TABLE 8 STRUCTURAL HEALTH MONITORING MARKET FOR HARDWARE, BY REGION, 2020–2025 (USD MILLION)
           7.3.1 SENSORS
                    7.3.1.1 Accelerometers
                               7.3.1.1.1 Surging adoption of accelerometers in monitoring of bridges and dams
                    7.3.1.2 Displacement sensors
                               7.3.1.2.1 Linear variable differential transformers (LVDTs) to witness substantial demand
                    7.3.1.3 Inclinometers and tiltmeters
                               7.3.1.3.1 Inclinometers and tiltmeters to witness high adoption in industrial and aviation segments
                    7.3.1.4 Strain gauges
                               7.3.1.4.1 Strain gauges are gaining popularity owing to their low cost and easy installation process
                    7.3.1.5 Corrosion sensors
                               7.3.1.5.1 Corrosion sensors to witness robust demand in oil and gas pipelines, chemical and petrochemical plants, bridges, and aircraft applications
                    7.3.1.6 Temperature sensors
                               7.3.1.6.1 Temperature sensors expected to witness increase in deployment on infrastructural buildings for monitoring cracking and spalling due to thermal shocks
                    7.3.1.7 Others (acoustic sensors, ultrasonic sensors, and so on)
                            TABLE 9 STRUCTURAL HEALTH MONITORING MARKET FOR SENSORS, BY TYPE, 2016–2019 (USD MILLION)
                            TABLE  10 STRUCTURAL HEALTH MONITORING MARKET FOR SENSORS, BY TYPE, 2020–2025 (USD MILLION)
                            TABLE  11 STRUCTURAL HEALTH MONITORING MARKET FOR SENSORS, BY TYPE, 2016–2019 (THOUSAND UNITS)
                            TABLE  12 STRUCTURAL HEALTH MONITORING MARKET FOR SENSORS, BY TYPE, 2020–2020 (THOUSAND UNITS)
                            TABLE  13 STRUCTURAL HEALTH MONITORING MARKET FOR SENSORS, BY REGION, 2016–2019 (USD MILLION)
                            FIGURE 33 APAC TO EXHIBIT HIGHEST CAGR IN STRUCTURAL HEALTH MONITORING MARKET FOR SENSORS DURING FORECAST PERIOD
                            TABLE  14 STRUCTURAL HEALTH MONITORING MARKET FOR SENSORS, BY REGION, 2020–2025 (USD MILLION)
           7.3.2 DATA ACQUISITION SYSTEMS (DAS) AND COMMUNICATION SYSTEMS
                 TABLE 15 STRUCTURAL HEALTH MONITORING MARKET FOR DATA ACQUISITION AND COMMUNICATION SYSTEMS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 16 STRUCTURAL HEALTH MONITORING MARKET FOR DATA ACQUISITION AND COMMUNICATION SYSTEMS, BY REGION, 2020–2025 (USD MILLION)
           7.3.3 OTHERS
                 TABLE 17 STRUCTURAL HEALTH MONITORING MARKET FOR OTHER HARDWARE COMPONENTS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 18 STRUCTURAL HEALTH MONITORING MARKET FOR OTHER HARDWARE COMPONENTS, BY REGION, 2020–2025 (USD MILLION)
    7.4 SOFTWARE & SERVICES
           7.4.1 SOFTWARE
           7.4.2 SERVICES
                    7.4.2.1 Pre-installation
                    7.4.2.2 Post-installation
                            TABLE 19 STRUCTURAL HEALTH MONITORING MARKET FOR SOFTWARE & SERVICES, BY REGION, 2016–2019 (USD MILLION)
                            FIGURE 34 APAC TO EXHIBIT HIGHEST GROWTH IN STRUCTURAL HEALTH MONITORING MARKET FOR SOFTWARE & SERVICES DURING FORECAST PERIOD
                            TABLE 20 STRUCTURAL HEALTH MONITORING MARKET FOR SOFTWARE & SERVICES, BY REGION, 2020–2025 (USD MILLION)

8 STRUCTURAL HEALTH MONITORING MARKET, BY TECHNOLOGY (Page No. - 90)
    8.1 INTRODUCTION
        TABLE 21 GLOBAL STRUCTURAL HEALTH MONITORING MARKET, BY TECHNOLOGY, 2016–2019 (USD MILLION)
        FIGURE 35 WIRELESS STRUCTURAL HEALTH MONITORING SYSTEM MARKET TO GROW AT A HIGHER RATE BETWEEN 2020 AND 2025
        TABLE 22 GLOBAL STRUCTURAL HEALTH MONITORING MARKET, BY TECHNOLOGY, 2020–2025 (USD MILLION)
    8.2 WIRED STRUCTURAL HEALTH MONITORING
        TABLE 23 STRUCTURAL HEALTH MONITORING MARKET FOR WIRED TECHNOLOGY, BY REGION, 2016–2019 (USD MILLION)
        TABLE 24 STRUCTURAL HEALTH MONITORING MARKET FOR WIRED TECHNOLOGY, BY REGION, 2020–2025 (USD MILLION)
    8.3 WIRELESS STRUCTURAL HEALTH MONITORING
        TABLE 25 COMPARISON BETWEEN WIRED AND WIRELESS STRUCTURAL HEALTH MONITORING SYSTEMS
        TABLE 26 STRUCTURAL HEALTH MONITORING MARKET FOR WIRELESS TECHNOLOGY, BY REGION, 2016–2019 (USD MILLION)
        FIGURE 36 MARKET FOR WIRELESS STRUCTURAL HEALTH MONITORING SYSTEMS IN APAC TO REGISTER HIGHEST CAGR BETWEEN 2020 AND 2025
        TABLE 27 STRUCTURAL HEALTH MONITORING MARKET FOR WIRELESS TECHNOLOGY, BY REGION, 2020–2025 (USD MILLION)

9 STRUCTURAL HEALTH MONITORING MARKET, BY VERTICAL (Page No. - 97)
    9.1 INTRODUCTION
        TABLE 28 STRUCTURAL HEALTH MONITORING MARKET, BY VERTICAL, 2016–2019 (USD MILLION)
        FIGURE 37 CIVIL INFRASTRUCTURE SEGMENT TO HOLD LARGEST SHARE OF STRUCTURAL HEALTH MONITORING MARKET DURING 2020–2025
        TABLE 29 STRUCTURAL HEALTH MONITORING MARKET, BY VERTICAL, 2020–2025 (USD MILLION)
    9.2 CIVIL INFRASTRUCTURE
    9.3 EFFECT OF COVID-19 ON CIVIL INFRASTRUCTURE
        FIGURE 38 PRE- AND POST-COVID-19 SCENARIO: CIVIL AND INFRASTRUCTURE
           9.3.1 DAMS
           9.3.2 BRIDGES
           9.3.3 STADIUMS
           9.3.4 BUILDINGS
           9.3.5 TUNNELS
           9.3.6 OTHERS
                 TABLE 30 STRUCTURAL HEALTH MONITORING MARKET FOR CIVIL INFRASTRUCTURE, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 31 STRUCTURAL HEALTH MONITORING MARKET FOR CIVIL INFRASTRUCTURE, BY REGION, 2020–2025 (USD MILLION)
    9.4 AEROSPACE & DEFENCE
           9.4.1 AEROSPACE
           9.4.2 DEFENSE
                 TABLE 32 STRUCTURAL HEALTH MONITORING MARKET FOR AEROSPACE & DEFENSE VERTICAL, BY REGION, 2016–2019 (USD MILLION)
                 FIGURE 39 AMERICAS TO HOLD LARGEST MARKET SHARE OF STRUCTURAL HEALTH MONITORING MARKET FOR AEROSPACE & DEFENSE VERTICAL DURING 2020–2025
                 TABLE 33 STRUCTURAL HEALTH MONITORING MARKET FOR AEROSPACE & DEFENSE VERTICAL, BY REGION, 2020–2025 (USD MILLION)
           9.4.3 EFFECT OF COVID-19 ON AEROSPACE & DEFENSE
                 FIGURE 40 PRE- AND POST-COVID-19 SCENARIO: AEROSPACE & DEFENSE
    9.5 ENERGY
        TABLE 34 STRUCTURAL HEALTH MONITORING MARKET FOR ENERGY VERTICAL, BY REGION, 2016–2019 (USD MILLION)
        FIGURE 41 STRUCTURAL HEALTH MONITORING MARKET IN APAC FOR ENERGY VERTICAL ESTIMATED TO REGISTER HIGHEST CAGR DURING 2020–2025
        TABLE 35 STRUCTURAL HEALTH MONITORING MARKET FOR ENERGY VERTICAL, BY REGION, 2020–2025 (USD MILLION)
           9.5.1 EFFECT OF COVID-19 ON ENERGY VERTICAL
                 FIGURE 42 PRE- AND POST-COVID 19 SCENARIO: ENERGY VERTICAL
    9.6 MINING
        TABLE 36 STRUCTURAL HEALTH MONITORING MARKET FOR MINING VERTICAL, BY REGION, 2016–2019 (USD MILLION)
        TABLE 37 STRUCTURAL HEALTH MONITORING MARKET FOR MINING VERTICAL, BY REGION, 2020–2025 (USD MILLION)
    9.7 OTHERS
        TABLE 38 STRUCTURAL HEALTH MONITORING MARKET FOR OTHER VERTICALS, BY REGION, 2016–2019 (USD MILLION)
        TABLE 39 STRUCTURAL HEALTH MONITORING MARKET FOR OTHER VERTICALS, BY REGION, 2020–2025 (USD MILLION)

10 IMPLEMENTATION METHODS FOR STRUCTURAL HEALTH MONITORING SYSTEMS (Page No. - )
     10.1 INTRODUCTION
          FIGURE 43 IMPLEMENTATION METHODS FOR STRUCTURAL HEALTH MONITORING SYSTEMS
     10.2 NEW CONSTRUCTION
     10.3 RETROFITTING

11 APPLICATIONS OF STRUCTURAL HEALTH MONITORING SYSTEMS (Page No. - 118)
     11.1 INTRODUCTION
          FIGURE 44 APPLICATIONS OF STRUCTURAL HEALTH MONITORING SYSTEMS
          FIGURE 45 USER SURVEY ON VIABILITY OF STRUCTURAL HEALTH MONITORING COMPARED TO NON-DESTRUCTIVE TESTING (NDT), 2019
     11.2 STRUCTURAL HEALTH MONITORING AND NON-DESTRUCTIVE TESTING
          TABLE 40 NON-DESTRUCTIVE TESTING AND STRUCTURAL HEALTH MONITORING
     11.3 DAMAGE DETECTION
     11.4 CRACK DETECTION
     11.5 IMPACT MONITORING
     11.6 CORROSION MONITORING
     11.7 STRAIN MONITORING
     11.8 HOTSPOT MONITORING
     11.9 STATE SENSING
     11.10 MULTIMODAL SENSING

12 STRUCTURAL HEALTH MONITORING MARKET, BY REGION (Page No. - 123)
     12.1 INTRODUCTION
          FIGURE 46 STRUCTURAL HEALTH MONITORING MARKET IN CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 41 GLOBAL STRUCTURAL HEALTH MONITORING MARKET, BY REGION, 2016–2019 (USD MILLION)
          TABLE 42 GLOBAL STRUCTURAL HEALTH MONITORING MARKET, BY REGION, 2020–2025 (USD MILLION)
     12.2 AMERICAS
          FIGURE 47 GEOGRAPHICAL SNAPSHOT: AMERICAS
          TABLE 43 STRUCTURAL HEALTH MONITORING MARKET IN AMERICAS, BY TECHNOLOGY, 2016–2019 (USD MILLION)
          TABLE 44 STRUCTURAL HEALTH MONITORING MARKET IN AMERICAS, BY TECHNOLOGY, 2020–2025 (USD MILLION)
          TABLE 45 STRUCTURAL HEALTH MONITORING MARKET IN AMERICAS, BY OFFERING, 2016–2019 (USD MILLION)
          TABLE 46 STRUCTURAL HEALTH MONITORING MARKET IN AMERICAS, BY OFFERING, 2020–2025 (USD MILLION)
          TABLE 47 STRUCTURAL HEALTH MONITORING MARKET IN AMERICAS, BY HARDWARE, 2016–2019 (USD MILLION)
          TABLE 48 STRUCTURAL HEALTH MONITORING MARKET IN AMERICAS, BY HARDWARE, 2020–2025 (USD MILLION)
          TABLE 49 STRUCTURAL HEALTH MONITORING MARKET IN AMERICAS, BY VERTICAL, 2016–2019 (USD MILLION)
          TABLE 50 STRUCTURAL HEALTH MONITORING MARKET IN AMERICAS, BY VERTICAL, 2020–2025 (USD MILLION)
          TABLE 51 STRUCTURAL HEALTH MONITORING MARKET IN AMERICAS, BY REGION, 2016–2019 (USD MILLION)
          TABLE 52 STRUCTURAL HEALTH MONITORING MARKET IN AMERICAS, BY REGION, 2020–2025 (USD MILLION)
             12.2.1 NORTH AMERICA
                    TABLE  53 STRUCTURAL HEALTH MONITORING MARKET IN NORTH AMERICA, BY HARDWARE, 2016–2019 (USD MILLION)
                    TABLE  54 STRUCTURAL HEALTH MONITORING MARKET IN NORTH AMERICA, BY HARDWARE, 2020–2025 (USD MILLION)
                    TABLE  55 STRUCTURAL HEALTH MONITORING MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                    TABLE  56 STRUCTURAL HEALTH MONITORING MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2020–2025 (USD MILLION)
                    TABLE  57 STRUCTURAL HEALTH MONITORING MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE  58 STRUCTURAL HEALTH MONITORING MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
             12.2.2 IMPACT OF COVID-19 ON NORTH AMERICA
                    FIGURE 48 PRE- AND POST-COVID-19 ANALYSIS: NORTH AMERICA STRUCTURAL HEALTH MONITORING MARKET
                        12.2.2.1 US
                                     12.2.2.1.1 Wireless structural health monitoring market to witness robust growth in the US
                                                TABLE 59 STRUCTURAL HEALTH MONITORING MARKET IN US, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                                TABLE 60 STRUCTURAL HEALTH MONITORING MARKET IN US, BY TECHNOLOGY, 2020–2025 (USD MILLION)
                        12.2.2.2 Canada
                                     12.2.2.2.1 Growing adoption of structural health monitoring systems in Canada
                                                TABLE 61 STRUCTURAL HEALTH MONITORING MARKET IN CANADA, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                                TABLE 62 STRUCTURAL HEALTH MONITORING MARKET IN CANADA, BY TECHNOLOGY, 2020–2025 (USD MILLION)
                        12.2.2.3 Mexico
                                     12.2.2.3.1 Increasing developments in the civil infrastructure in Mexico
                                                TABLE 63 STRUCTURAL HEALTH MONITORING MARKET IN MEXICO, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                                TABLE 64 STRUCTURAL HEALTH MONITORING MARKET IN MEXICO, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             12.2.3 SOUTH AMERICA
                    TABLE 65 STRUCTURAL HEALTH MONITORING MARKET IN SOUTH AMERICA,BY HARDWARE, 2016–2019 (USD MILLION)
                    TABLE 66 STRUCTURAL HEALTH MONITORING MARKET IN SOUTH AMERICA, BY HARDWARE, 2020–2025 (USD MILLION)
                    TABLE 67 STRUCTURAL HEALTH MONITORING MARKET IN SOUTH AMERICA, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                    TABLE 68 STRUCTURAL HEALTH MONITORING MARKET IN SOUTH AMERICA, BY TECHNOLOGY, 2020–2025 (USD MILLION)
                    TABLE 69 STRUCTURAL HEALTH MONITORING MARKET IN SOUTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 70 STRUCTURAL HEALTH MONITORING MARKET IN SOUTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
             12.2.4 IMPACT OF COVID-19 ON SOUTH AMERICA
                    FIGURE 49 PRE- AND POST-COVID-19 ANALYSIS: SOUTH AMERICA STRUCTURAL HEALTH MONITORING MARKET
                        12.2.4.1 Brazil
                                     12.2.4.1.1 Growing infrastructure development in Brazil has increased the demand for structural health monitoring systems
                                                TABLE 71 STRUCTURAL HEALTH MONITORING MARKET IN BRAZIL, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                                TABLE 72 STRUCTURAL HEALTH MONITORING MARKET IN BRAZIL, BY TECHNOLOGY, 2020–2025 (USD MILLION)
                        12.2.4.2 Rest of South America
                                 TABLE73 STRUCTURAL HEALTH MONITORING MARKET IN REST OF SOUTH AMERICA, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 74 STRUCTURAL HEALTH MONITORING MARKET IN REST OF SOUTH AMERICA, BY TECHNOLOGY, 2020–2025 (USD MILLION)
                                 TABLE 75 MAJOR STRUCTURAL MONITORING PROJECTS IN AMERICAS
     12.3 EUROPE
          FIGURE 50 GEOGRAPHICAL SNAPSHOT: EUROPE
          TABLE 76 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
          TABLE 77 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
          TABLE 78 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY OFFERING, 2016–2019 (USD MILLION)
          TABLE 79 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY OFFERING, 2020–2025 (USD MILLION)
          TABLE 80 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY HARDWARE, 2016–2019 (USD MILLION)
          TABLE 81 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY HARDWARE, 2020–2025 (USD MILLION)
          TABLE 82 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY VERTICAL, 2016–2019 (USD MILLION)
          TABLE 83 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY VERTICAL, 2020–2025 (USD MILLION)
          TABLE 84 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 85 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
             12.3.1 IMPACT OF COVID-19 ON EUROPE
                    FIGURE 51 PRE- AND POST-COVID-19 ANALYSIS: EUROPE STRUCTURAL HEALTH MONITORING MARKET
             12.3.2 UK
                        12.3.2.1 Aging infrastructure is prominent factor responsible for growth of structural health monitoring market in the UK
                                 TABLE 86 STRUCTURAL HEALTH MONITORING MARKET IN UK, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 87 STRUCTURAL HEALTH MONITORING MARKET IN UK, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             12.3.3 GERMANY
                        12.3.3.1 Germany holds largest share of structural health monitoring market in Europe
                                 TABLE 88 STRUCTURAL HEALTH MONITORING MARKET IN GERMANY, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 89 STRUCTURAL HEALTH MONITORING MARKET IN GERMANY, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             12.3.4 FRANCE
                        12.3.4.1 High number of infrastructure projects in France
                                 TABLE 90 STRUCTURAL HEALTH MONITORING MARKET IN FRANCE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 91 STRUCTURAL HEALTH MONITORING MARKET IN FRANCE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             12.3.5 REST OF EUROPE
                    TABLE 92 STRUCTURAL HEALTH MONITORING MARKET IN REST OF EUROPE, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                    TABLE 93 STRUCTURAL HEALTH MONITORING MARKET IN REST OF EUROPE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
                    TABLE 94 MAJOR STRUCTURAL MONITORING PROJECTS IN EUROPE
     12.4 APAC
          FIGURE 52 GEOGRAPHICAL SNAPSHOT: APAC
          TABLE 95 STRUCTURAL HEALTH MONITORING MARKET IN APAC, BY TECHNOLOGY, 2016–2019 (USD MILLION)
          TABLE 96 STRUCTURAL HEALTH MONITORING MARKET IN APAC, BY TECHNOLOGY, 2020–2025 (USD MILLION)
          TABLE 97 STRUCTURAL HEALTH MONITORING MARKET APAC, BY OFFERING, 2016–2019 (USD MILLION)
          TABLE 98 STRUCTURAL HEALTH MONITORING MARKET APAC, BY OFFERING, 2020–2025 (USD MILLION)
          TABLE 99 STRUCTURAL HEALTH MONITORING MARKET IN APAC, BY HARDWARE, 2016–2019 (USD MILLION)
          TABLE 100 STRUCTURAL HEALTH MONITORING MARKET IN APAC, BY HARDWARE, 2020–2025 (USD MILLION)
          TABLE 101 STRUCTURAL HEALTH MONITORING MARKET IN APAC, BY VERTICAL, 2016–2019 (USD MILLION)
          TABLE 102 STRUCTURAL HEALTH MONITORING MARKET IN APAC, BY VERTICAL, 2020–2025 (USD MILLION)
          TABLE 103 STRUCTURAL HEALTH MONITORING MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 104 STRUCTURAL HEALTH MONITORING MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
             12.4.1 IMPACT OF COVID-19 ON APAC
                    FIGURE 53 PRE- AND POST-COVID-19 ANALYSIS: APAC STRUCTURAL HEALTH MONITORING MARKET
             12.4.2 CHINA
                        12.4.2.1 Regulations for implementation of structural health monitoring systems in China
                                 TABLE 105 STRUCTURAL HEALTH MONITORING MARKET IN CHINA, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 106 STRUCTURAL HEALTH MONITORING MARKET IN CHINA, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             12.4.3 JAPAN
                        12.4.3.1 Stringent policies for safety of infrastructure in Japan
                                 TABLE 107 STRUCTURAL HEALTH MONITORING MARKET IN JAPAN, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 108 STRUCTURAL HEALTH MONITORING MARKET IN JAPAN, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             12.4.4 SOUTH KOREA
                        12.4.4.1 High focus on adoption of infrastructure monitoring technologies in South Korea
                                 TABLE 109 STRUCTURAL HEALTH MONITORING MARKET IN SOUTH KOREA, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                                 TABLE 110 STRUCTURAL HEALTH MONITORING MARKET IN SOUTH KOREA, BY TECHNOLOGY, 2020–2025 (USD MILLION)
             12.4.5 REST OF APAC
                    TABLE 111 STRUCTURAL HEALTH MONITORING MARKET IN REST OF APAC, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                    TABLE 112 STRUCTURAL HEALTH MONITORING MARKET IN REST OF APAC, BY TECHNOLOGY, 2020–2025 (USD MILLION)
                    TABLE 113 MAJOR STRUCTURAL MONITORING PROJECTS IN APAC
     12.5 REST OF THE WORLD (ROW)
          FIGURE 54 GEOGRAPHICAL SNAPSHOT: ROW
          TABLE 114 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY TECHNOLOGY, 2016–2019 (USD MILLION)
          TABLE 115 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY TECHNOLOGY, 2020–2025 (USD MILLION)
          TABLE 116 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY OFFERING, 2016–2019 (USD MILLION)
          TABLE 117 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY OFFERING, 2020–2025 (USD MILLION)
          TABLE 118 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY HARDWARE, 2016–2019 (USD MILLION)
          TABLE 119 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY HARDWARE, 2020–2025 (USD MILLION)
          TABLE 120 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY VERTICAL, 2016–2019 (USD MILLION)
          TABLE 121 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY VERTICAL, 2020–2025 (USD MILLION)
          TABLE 122 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
          TABLE 123 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
             12.5.1 MIDDLE EAST
                    TABLE 124 STRUCTURAL HEALTH MONITORING MARKET IN MIDDLE EAST, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                    TABLE 125 STRUCTURAL HEALTH MONITORING MARKET IN MIDDLE EAST, BY TECHNOLOGY, 2020–2025 (USD MILLION)
                    TABLE 126 STRUCTURAL HEALTH MONITORING MARKET IN MIDDLE EAST, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 127 STRUCTURAL HEALTH MONITORING MARKET IN MIDDLE EAST, BY OFFERING, 2020–2025 (USD MILLION)
             12.5.2 AFRICA
                    TABLE 128 STRUCTURAL HEALTH MONITORING MARKET IN AFRICA, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                    TABLE 129 STRUCTURAL HEALTH MONITORING MARKET IN AFRICA, BY TECHNOLOGY, 2020–2025 (USD MILLION)
                    TABLE 130 STRUCTURAL HEALTH MONITORING MARKET IN AFRICA, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 131 STRUCTURAL HEALTH MONITORING MARKET IN AFRICA, BY OFFERING, 2020–2025 (USD MILLION)
                    TABLE 132 MAJOR STRUCTURAL MONITORING PROJECTS IN ROW

13 COMPETITIVE LANDSCAPE (Page No. - 172)
     13.1 OVERVIEW
          FIGURE 55 KEY DEVELOPMENTS IN STRUCTURAL HEALTH MONITORING MARKET FOR HARDWARE OFFERINGS
     13.2 MARKET SHARE ANALYSIS
          TABLE 133 MARKET SHARE OF TOP 5 PLAYERS IN STRUCTURAL HEALTH MONITORING MARKET, 2019
     13.3 COMPETITIVE LEADERSHIP MAPPING, 2019
             13.3.1 STARS
             13.3.2 PERVASIVE
             13.3.3 EMERGING LEADERS
             13.3.4 EMERGING COMPANIES
                    FIGURE 56 STRUCTURAL HEALTH MONITORING MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
     13.4 MARKET EVALUATION FRAMEWORK
                             FIGURE 57 PRODUCT LAUNCHES/DEVELOPMENTS, PARTNERSHIPS, AND CONTRACTS WERE KEY STRATEGIES ADOPTED BY MARKET PLAYERS FROM 2017 TO 2020
     13.5 RECENT DEVELOPMENTS
             13.5.1 PARTNERSHIPS, AGREEMENTS, COLLABORATIONS, AND CONTRACTS
             13.5.2 PRODUCT LAUNCHES/DEVELOPMENTS
             13.5.3 MERGERS & ACQUISITIONS

14 COMPANY PROFILES (Page No. - 178)
     14.1 INTRODUCTION
     14.2 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
             14.2.1 NOVA METRIX
             14.2.2 GEOKON
             14.2.3 CAMPBELL SCIENTIFIC
             14.2.4 COWI
                    FIGURE 58 COWI: COMPANY SNAPSHOT
             14.2.5 GEOCOMP
             14.2.6 ACELLENT TECHNOLOGIES
             14.2.7 SIXENSE
             14.2.8 PURE TECHNOLOGIES (A SUBSIDIARY OF XYLEM)
             14.2.9 STRUCTURAL MONITORING SYSTEMS
                    FIGURE 59 STRUCTURAL MONITORING SYSTEMS: COMPANY SNAPSHOT
             14.2.10 SGS
                     FIGURE 60 SGS: COMPANY SNAPSHOT
             14.2.11 DIGITEXX
*Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
     14.3 OTHER IMPORTANT PLAYERS
             14.3.1 FIRST SENSOR
             14.3.2 BRIDGE DIAGNOSTICS
             14.3.3 SISGEO
             14.3.4 RST INSTRUMENTS
             14.3.5 AVT RELIABILITY (AESSEAL)
             14.3.6 GEOMOTION SINGAPORE
             14.3.7 STRAINSTALL UK (JAMES FISHER & SONS PLC)
             14.3.8 HOTTINGER BALDWIN MESSTECHNIK
             14.3.9 KINEMETRICS
     14.4 START-UP ECOSYSTEM
             14.4.1 FEAC ENGINEERING
             14.4.2 YAPIDESTEK ENGINEERING
             14.4.3 SITES-AFLA
             14.4.4 SENSURON
             14.4.5 INFIBRA TECHNOLOGIES
             14.4.6 SODIS LAB
             14.4.7 SET POINT TECHNOLOGIES
     14.5 RIGHT TO WIN

15 APPENDIX (Page No. - 210)
     15.1 INSIGHTS OF INDUSTRY EXPERTS
     15.2 DISCUSSION GUIDE
     15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.4 AVAILABLE CUSTOMIZATIONS
     15.5 RELATED REPORTS
     15.6 AUTHOR DETAILS

The study involved 4 major activities in estimating the size of the structural health monitoring market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the global market size. After that, market breakdown and data triangulation have been used to estimate the market sizes of segments and subsegments.

Secondary Research

The secondary sources referred to for this research study include government sources (World Bank industry report), corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and professional associations. The secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.

In the structural health monitoring market report, both top-down and bottom-up approaches have been used to estimate and validate the size of the structural health monitoring market, along with other dependent submarkets. The key players in the structural health monitoring market have been identified through secondary research, and their market presence have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Primary Research

Extensive primary research has been conducted after acquiring knowledge about the structural health monitoring market scenario through secondary research. Several primary interviews have been conducted with experts from both the demand side (end users) and the supply side (manufacturers, and semiconductor, connectivity, and application providers) across four major geographic regions—North America, Europe, APAC, and RoW. Approximately 60% and 40% of the primary interviews have been conducted with supply and demand sides, respectively. This primary data has been collected through questionnaires, e-mails, and telephonic interviews.

Structural Health Monitoring (SHM) Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the structural health monitoring market. These methods have also been extensively used to estimate the sizes of various market subsegments. The research methodology used to estimate the market sizes includes the following:

  • Identified old structures & buildings requiring new installation/retrofitting for monitoring devices and components.
  • Identified new infrastructure developmental projects under civil infrastructure vertical.
  • Identified new infrastructure developmental projects and retrofitting for other verticals such as energy, mining, and aerospace & defense.
  • Estimated penetration of structural health monitoring devices for different segments/verticals.
  • Estimated average cost of implementing structural health monitoring systems for new projects and retrofits installation.
  • Analyzed impact of COVID-19 on demand for structural health monitoring systems for new projects and retrofit installations in 2020 and between 2021 and 2025.
  • Estimated the market size in each region by adding the country-wise markets data.
  • Estimated global structural health monitoring market by summation of region-wise data and verifying it from industry experts before estimating the global market size

Structural Health Monitoring (SHM) Market  Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides.

The main objectives of this study are as follows:

  • To define, describe, and forecast the structural health monitoring market, in terms of value, segmented on the basis of technology, offering, vertical, and geography
  • To define, describe, and forecast the global structural health monitoring market, in terms of volume, segmented on the basis of offering
  • To define and describe applications of structural health monitoring systems
  • To forecast the size of the market segments with respect to 4 major regions: the Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the structural health monitoring market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micromarkets1 with respect to the individual growth trends, future prospects, and contribution to the overall market
  • To provide industry trends, insights based on the value chain analysis, and strategic benchmarking of the structural health monitoring market
  • To strategically profile the key players and comprehensively analyze their ranking and core competencies2 along with detailing the competitive landscape for the market players
  • To analyze competitive developments such as joint ventures, mergers and acquisitions; product launches and developments; contracts, partnerships, collaborations, and partnerships; and research and development in the structural health monitoring market

Available Customizations:

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of structural health monitoring market
  • Profiling of additional market players (up to 5)
  • Country-level analysis of component, and system type Segment
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