Structural Health Monitoring Market

Structural Health Monitoring Market by Offering (Hardware, Software & Services), Technology (Wired, Wireless), End Use (Civil Infrastructure, Aerospace & Defense, Energy, Mining) and Geography (2022-2027)

Report Code: SE 3865 Feb, 2022, by marketsandmarkets.com

[263 Pages Report] The structural health monitoring market is estimated to grow from USD 2.0 billion in 2022 to USD 4.0 billion by 2027, at a CAGR of 14.6% between 2022 and 2027.

The major factors contributing to the market growth are increased importance of automated maintenance and repair of critical infrastructures, cascading effects of structural failures such as loss of lives and capital, significant investments in infrastructure sector, stringent government regulations to build sustainable structures, aging infrastructure and benefits offered by structural health monitoring, and reduced costs of structural health monitoring systems.

Structural Health Monitoring Market

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COVID-19 impact on Structural Health Monitoring Market

Structural health monitoring market had witnessed 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 stopped. The companies in the market have witnessed a decrease in the demand for monitoring devices and services due to the supply chain disruptions caused by the pandemic. However, the market has shown gradual recovery from 2021 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 has witnessed a growth of ~8%–10% in 2021 owing to the increasing infrastructure investments globally and the subsequent increase in the construction projects. The market is expected to witness robust growth from 2022.

Structural Health Monitoring Market Dynamics

Drivers: Increased importance of automated maintenance and repair of critical infrastructures

In recent years, several important processes related to the repair and maintenance of infrastructure have been automated. Due to the COVID-19 pandemic, the need to maintain social distancing with a limited workforce at construction sites has led to a decrease in productivity. This has led to the development of automation as well as the standardization of key processes and remote working solutions. COVID-19 has resulted in a shortage of workforce and thus, delayed repair and maintenance. The impact of the pandemic has been significant on the construction sector, owing to the constraints of operating under limited capacity along with social distancing. Moreover, the increasing costs related to physical inspection and continuous maintenance will lead to a surge in demand for automated solutions in the post COVID-19 period. Due to the automation and standardization of repair & maintenance processes, overrun costs can be avoided as operations & maintenance (O&M) costs can be planned more efficiently owing to the digital control of various assets and their components. The gradual increase in the automation of maintenance and repair of infrastructure is expected to facilitate the trend of remote working, which could have a transformational impact on the construction industry. Skilled personnel will be able to monitor structures remotely with the help of the data gathered from installed systems without compromising on quality. Additionally, 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

An increase in range, resolution, repeatability, precision, and accuracy leads to an increase in the cost of systems. Though these systems help reduce costs in the long term, the cost involved in installation and monitoring them is high. This is due to the adoption of advanced sensors, software, and complex data acquisition systems. These costs include hardware, software, and service costs and depend majorly on the complexity of structures and the cost of construction, which increases with the increasing complexity of structures. Though high installation and monitoring costs would slow down market growth, the impact of this restraint is expected to decrease gradually during the forecast period owing to the competition among several market players globally and the declining prices of structural health monitoring systems.

Opportunities: Increasing market growth opportunities in Asia Pacific and GCC countries

The dense population of emerging Asia Pacific economies such as India and China has paved the way for rapid urbanization leading to an increased focus on infrastructure development. Thus, there has been a surge in demand for structural health monitoring solutions for both, new and existing structures to ensure safety. In recent years, several market players have been offering structural health monitoring solutions for various projects in Asia Pacific. Globally, the demand for structural health monitoring has been significantly increasing, with the Americas accounting for the largest market share. Structural health monitoring solutions are being aggressively adopted in the US and European countries. However, countries in the Asia Pacific such as China, Japan, India, and Singapore, among others, along with GCC countries such as the UAE, Saudi Arabia, and Qatar, present a huge potential for the structural health monitoring market, considering the growing infrastructural investments in buildings, utilities, bridges, and tunnels in these countries.

Challenges: Poor site conditions

A major challenge faced during structural health monitoring is the adverse site conditions. Several natural and man-made factors affect structural health monitoring. For instance, harsh weather conditions in many regions frequently disturb the monitoring process or damage instruments. High-speed winds, heavy rainfall, and frequent temperature changes cause significant damage to the sensors installed at various positions on the structure. Along with harsh weather conditions, the accessibility and complexity of the structure are also major challenges. If the structure is complex, operators may find it difficult to install instruments as certain parts of the structure may be inaccessible, resulting in appropriate readings not being obtained. Poor site conditions may lead to a decrease in demand for structural health monitoring solutions in the short term. However, with the integration of advanced technologies and the development of advanced solutions, the adverse impact of poor site conditions is expected to decrease gradually.

The market for software & services to grow at a higher rate between 2022 and 2027

As the data is being received from the sensors by the data acquisition systems, the software starts monitoring and analyzing the structure. Software provides the visual representation of the data pertaining to the structural behavior to the monitoring team so that the team can analyze this data, and damages can be detected at the earliest to safeguard the structure from failure. With the increasing number of large infrastructure projects and frequent occurrences of structural failures, structural health monitoring systems are becoming more and more crucial. The basic approach of any structural health monitoring system is to continuously collect data about the overall condition of the structure from various installed sensors. This data includes parameters related to loading, stress, strain, acceleration, temperature, and video signal, among others. Furthermore, it is challenging for structural engineers to obtain, process, store, and analyze such a huge volume of data. To resolve this challenge, software platforms, customized software applications, and software algorithms are being adopted. For example, software such as MATLAB and SCADA play a crucial role in the early damage detection; they determine the damage at an early stage and facilitate necessary repair to maintain a high level of safety.

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 with the help of lead wires, co-axial cables, optical fibers, and other wired communication technologies. Wired monitoring systems offer several advantages such as reduced data attenuation, high speed of operation, no limitation on a transmission range, and high system bandwidth.

Civil infrastructure to account for the largest market share during the forecast period

The civil infrastructure segment comprises bridges, tunnels, dams, buildings, and stadiums. Many countries such as the US, the UK, Japan, Germany, Qatar, Saudi Arabia, China, and India are increasingly investing in building infrastructural facilities, such as bridges, dams, buildings, ultimately supporting economic growth. Rapid urbanization and an urgent need for high-quality infrastructure are the major factors driving the market growth for the civil infrastructure segment globally. Thus, the increasing number of civil infrastructure projects is expected to result in high demand for structural health monitoring systems to maintain and monitor the condition of each structure and avoid catastrophic failures.

Americas to dominate the structural health monitoring market between 2022 and 2027

The Americas dominated the market with the largest share in the year 2021 and is expected to follow the similar trend during the forecast period. The large share of the Americas market can be attributed to factors such as the rising focus of the government on the repair and maintenance of the civil infrastructure. The key driving factors for the market growth in the Americas include the aging infrastructure and increasing investments from various governments in the region. For instance, in 2021, the US government announced a USD 2-trillion plan to upgrade the country’s infrastructure, including roads and bridges. Furthermore, countries such as the US and Canada are increasingly using structural health monitoring systems to ensure the safety and security of structures and people. 

Structural Health Monitoring Market by Region

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Key Market Players

The major players in the structural health monitoring market are COWI (Denmark), Campbell Scientific (US), Geokon (US), Nova Metrix LLC (US), and SGS (Switzerland).

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Value (USD Million)

Segments covered

By Offering, By Technology, By End Use

Geographies covered

Americas, Europe, Asia Pacific, and Rest of World

Companies covered

The major players in the structural health monitoring market are Nova Metrix LLC (US), Geokon (US), Campbell Scientific (US), COWI (Denmark), Geocomp (US), Acellent Technologies (US), Sixense (France), Pure Technologies (Canada), Structural Monitoring Systems (Australia), SGS (Switzerland), and Digitexx (US).

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

By Offering

  • Hardware
  • Software & Services

By Technology

By End Use

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

By Region

  • Americas
  • Europe
  • Asia Pacific
  • Rest of the World

Recent Developments

  • In March 2021, Geokon launched the GeoNet 8900 Series data acquisition system. The GeoNet 8900 Series is a wireless, low-power data acquisition system that collects data from sensors and provides secure access to view the data over the internet.
  • In November 2020, the Port of Oslo, Norway's largest public commercial port and COWI signed a contract according to which, COWI would provide engineering services that include electrification solutions, structural design, environmental measures and monitoring of the port.
  • In November 2020, Sixense (France) partnered with Topcon Positioning Systems (US) to expand its presence in Africa. Through this partnership, Sixense aims to meet the growing requirements for digital transformation in construction, infrastructure, mining, and agriculture sectors in Africa.
  • In April 2020, Campbell Scientific launched the GRANITE series, a structural health monitoring data acquisition system (DAS). The presence of several measurement modules for various structural health monitoring parameters enables channel expansion and improves the flexibility of the system. The system’s design reduces the cable length and simplifies sensor installation. It facilitates real-time data collection and provides Ethernet and other wireless connectivity options to transmit data.
  • In March 2020, Sherborne Sensors, a brand of Nova Metrix LLC introduced the LSOC-D Servo series sensor, an inclinometer with an integrated display. LSOC-D provides a single power supply for both the inclinometer and the display. This sensor is designed for monitoring bridges.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 35)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 STRUCTURAL HEALTH MONITORING MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
                    FIGURE 2 MARKET: GEOGRAPHIC SCOPE
           1.3.3 INCLUSIONS AND EXCLUSIONS
           1.3.4 INCLUSIONS AND EXCLUSIONS AT COMPANY LEVEL
           1.3.5 INCLUSIONS AND EXCLUSIONS AT TECHNOLOGY LEVEL
           1.3.6 INCLUSIONS AND EXCLUSIONS AT END USE LEVEL
           1.3.7 INCLUSIONS AND EXCLUSIONS AT OFFERING LEVEL
           1.3.8 INCLUSIONS AND EXCLUSIONS AT REGIONAL LEVEL
           1.3.9 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 PACKAGE SIZE
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 41)
    2.1 RESEARCH DATA
           FIGURE 3 STRUCTURAL HEALTH MONITORING MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 List of key interview participants
                    2.1.2.3 Breakdown of primaries
                    2.1.2.4 Primary sources
           2.1.3 SECONDARY AND PRIMARY RESEARCH DESIGN
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market share by bottom-up approach
                                FIGURE 4 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for arriving at market share by bottom-up approach
                                FIGURE 5 TOP-DOWN APPROACH
           2.2.3 STRUCTURAL HEALTH MONITORING MARKET: DEMAND-SIDE ANALYSIS
                    FIGURE 6 MARKET SIZE ESTIMATION: DEMAND-SIDE-ANALYSIS
           2.2.4 MARKET: SUPPLY-SIDE ANALYSIS
                    FIGURE 7 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS
           2.2.5 GROWTH FORECAST ASSUMPTIONS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
          FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 RISK ASSESSMENT
          TABLE 1 RISK ASSESSMENT: STRUCTURAL HEALTH MONITORING MARKET

3 EXECUTIVE SUMMARY (Page No. - 54)
    3.1 POST-COVID-19: REALISTIC SCENARIO
    3.2 POST-COVID-19: OPTIMISTIC SCENARIO
    3.3 POST-COVID-19: PESSIMISTIC SCENARIO
           FIGURE 9 POST-COVID-19 SCENARIO ANALYSIS FOR STRUCTURAL HEALTH MONITORING MARKET, 2018–2027 (USD MILLION)
           FIGURE 10 MARKET, BY REGION, 2022–2027 (USD MILLION)
           FIGURE 11 HARDWARE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
           FIGURE 12 WIRED TECHNOLOGY TO ACCOUNT FOR MAJORITY OF MARKET SHARE THROUGHOUT FORECAST PERIOD
           FIGURE 13 CIVIL INFRASTRUCTURE SEGMENT TO CAPTURE LARGEST SHARE OF MARKET, BY END USE, DURING FORECAST PERIOD
           FIGURE 14 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 61)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MARKET
          FIGURE 15 GROWING INFRASTRUCTURE INVESTMENTS TO SIGNIFICANTLY CONTRIBUTE TO MARKET GROWTH
    4.2 STRUCTURAL HEALTH MONITORING MARKET, BY OFFERING
          FIGURE 16 HARDWARE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE THAN SOFTWARE & SERVICES SEGMENT THROUGHOUT FORECAST PERIOD
    4.3 MARKET, BY TECHNOLOGY
          FIGURE 17 WIRED TECHNOLOGY TO ACCOUNT FOR LARGER MARKET SHARE THAN WIRELESS TECHNOLOGY THROUGHOUT FORECAST PERIOD
    4.4 MARKET, BY END USE
          FIGURE 18 CIVIL INFRASTRUCTURE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2022 TO 2027
    4.5 STRUCTURAL HEALTH MONITORING MARKET, BY REGION
          FIGURE 19 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF STRUCTURAL HEALTH MONITORING MARKET IN 2027
    4.6 MARKET IN EUROPE, BY END USE AND COUNTRY, 2021
          FIGURE 20 CIVIL INFRASTRUCTURE AND UK HELD LARGEST SHARE OF MARKET, BY END USE AND COUNTRY, RESPECTIVELY, IN EUROPE IN 2021

5 MARKET OVERVIEW (Page No. - 64)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 21 MARKET DYNAMICS: STRUCTURAL HEALTH MONITORING MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increased importance of automated maintenance and repair of critical infrastructures
                    5.2.1.2 Cascading effects of structural failures such as loss of lives and capital
                                FIGURE 22 CONCEPT OF STRUCTURAL HEALTH MONITORING SYSTEM
                                FIGURE 23 US: STRUCTURALLY DEFICIENT BRIDGES
                    5.2.1.3 Significant investments in infrastructure sector
                    5.2.1.4 Stringent government regulations to build sustainable structures
                    5.2.1.5 Aging infrastructure and benefits offered by structural health monitoring
                    5.2.1.6 Reduced costs of structural health monitoring systems
                                FIGURE 24 IMPACT ANALYSIS OF DRIVERS ON MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 High installation and monitoring costs
                    5.2.2.2 Inaccurate results owing to errors in readings
                                TABLE 2 ERRORS AND CORRECTIVE MEASURES
                    5.2.2.3 Slow adoption of structural health monitoring systems in developing countries
                                FIGURE 25 IMPACT ANALYSIS OF RESTRAINTS ON STRUCTURAL HEALTH MONITORING MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing focus on integrating advanced solutions in structural health monitoring
                    5.2.3.2 Increasing market growth opportunities in Asia Pacific and GCC countries
                    5.2.3.3 Ongoing advancements in sensor technologies
                    5.2.3.4 Rising investments in oil & gas and energy projects
                                FIGURE 26 ANNUAL CAPACITY ADDITION FOR LNG, 2018–2020
                                FIGURE 27 IMPACT ANALYSIS OF OPPORTUNITIES ON MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Dearth of skilled operators to install and calibrate instruments
                    5.2.4.2 Poor site conditions
                    5.2.4.3 Technical challenges and operational factors
                    5.2.4.4 Processing and management of large volumes of data
                    5.2.4.5 Adverse impact of COVID-19 on various industries
                                FIGURE 28 GLOBAL OIL & GAS SUPPLY INVESTMENTS, 2015–2020
                                FIGURE 29 IMPACT ANALYSIS OF CHALLENGES ON STRUCTURAL HEALTH MONITORING MARKET

6 INDUSTRY TRENDS (Page No. - 76)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS
          FIGURE 30 MARKET: VALUE CHAIN ANALYSIS
           6.2.1 RESEARCH & DEVELOPMENT ENGINEERS
           6.2.2 RAW MATERIAL/COMPONENT SUPPLIERS
           6.2.3 MANUFACTURERS & ASSEMBLERS
           6.2.4 DISTRIBUTORS
           6.2.5 END USERS
           6.2.6 POST-SALES SERVICE PROVIDERS
                    TABLE 3 MARKET: VALUE CHAIN ANALYSIS
    6.3 PRICING ANALYSIS: AVERAGE SELLING PRICE TRENDS
          FIGURE 31 AVERAGE SELLING PRICE (ASP) OF STRUCTURAL HEALTH MONITORING SENSORS, 2018–2027 (USD)
    6.4 LIST OF KEY PATENTS AND INNOVATIONS
          FIGURE 32 NUMBER OF PATENTS GRANTED FOR (2011–2021)
          FIGURE 33 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENTS GRANTED FROM 2011 TO 2021
          TABLE 4 TOP 20 PATENT OWNERS FROM 2011 TO 2021
          TABLE 5 KEY PATENTS AND INNOVATIONS IN MARKET, 2011–2021
    6.5 KEY TECHNOLOGY TRENDS
           6.5.1 HEALTH MONITORING OF BRIDGES WITH AUTONOMOUS UNMANNED AERIAL VEHICLE (UAV) SENSING SYSTEMS WITH 3D-DIGITAL IMAGE CORRELATION (DIC)
           6.5.2 USE OF WIRELESS SMART SENSOR NETWORKS TO CAPTURE COST BENEFITS AND REDUCE MONITORING TIME
           6.5.3 DISTRIBUTION OF PROCESSED DATA OVER INTERNET USING REMOTE ACCESS SOFTWARE
           6.5.4 ADOPTION OF ULTRA-LOW-POWER AND BATTERY-BASED STRAIN GAUGES TO DETECT STRAINS
    6.6 PORTER’S FIVE FORCES ANALYSIS
          FIGURE 34 STRUCTURAL HEALTH MONITORING: PORTER’S FIVE FORCES ANALYSIS
          FIGURE 35 IMPACT OF PORTER’S FIVE FORCES ON STRUCTURAL HEALTH MONITORING
          TABLE 6 PORTER’S FIVE FORCES: IMPACT ON  MARKET, 2020
           6.6.1 THREAT FROM NEW ENTRANTS
           6.6.2 THREAT FROM SUBSTITUTES
           6.6.3 BARGAINING POWER OF SUPPLIERS
           6.6.4 BARGAINING POWER OF BUYERS
           6.6.5 INTENSITY OF COMPETITIVE RIVALRY
    6.7 CASE STUDIES
           6.7.1 DAM MONITORING
                    TABLE 7 ENCARDIO-RITE: AMONG HIGHEST ARC DAMS IN ASIA – IDUKKI DAM MONITORING
           6.7.2 TUNNEL MONITORING
                    TABLE 8 ENCARDIO-RITE: ROHTANG PASS TUNNEL MONITORING
           6.7.3 BRIDGE MONITORING
                    TABLE 9 GEOCOMP CORPORATION: BAYONNE BRIDGE INSTRUMENTATION AND MONITORING
    6.8 TRADE DATA
          TABLE 10 EXPORT DATA FOR INSTRUMENTS USED FOR SURVEYING, HS CODE: 9015, 2016–2020 (USD MILLION)
          FIGURE 36 INSTRUMENTS USED FOR SURVEYING: EXPORT VALUES FOR MAJOR COUNTRIES, 2016–2020
          TABLE 11 IMPORT DATA FOR INSTRUMENTS USED FOR SURVEYING, HS CODE: 9015, 2016–2020 (USD MILLION)
          FIGURE 37 INSTRUMENTS USED FOR SURVEYING: IMPORT VALUES FOR MAJOR COUNTRIES, 2016–2020
          TABLE 12 EXPORT DATA FOR MEASURING AND CHECKING INSTRUMENTS, HS CODE: 9031, 2016–2020 (USD MILLION)
          FIGURE 38 MEASURING AND CHECKING INSTRUMENTS: EXPORT VALUES FOR MAJOR COUNTRIES, 2016–2020
          TABLE 13 IMPORT DATA FOR MEASURING AND CHECKING INSTRUMENTS, HS CODE: 9031, 2016–2020 (USD MILLION)
          FIGURE 39 MEASURING AND CHECKING INSTRUMENTS: IMPORT VALUES FOR MAJOR COUNTRIES, 2016–2020
    6.9 REGULATORY ENVIRONMENT
           6.9.1 EUROPE
           6.9.2 US
    6.10 STRUCTURAL HEALTH MONITORING MARKET ECOSYSTEM
           FIGURE 40 STRUCTURAL HEALTH MONITORING MARKET ECOSYSTEM
    6.11 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           FIGURE 41 REVENUE SHIFT FOR STRUCTURAL HEALTH MONITORING MARKET
           6.11.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARKET PLAYERS

7 STRUCTURAL HEALTH MONITORING MARKET, BY OFFERING (Page No. - 95)
    7.1 INTRODUCTION
          FIGURE 42 STRUCTURAL HEALTH MONITORING MARKET, BY OFFERING
          TABLE 14 MARKET, BY OFFERING, 2018–2021 (USD MILLION)
          FIGURE 43 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF STRUCTURAL HEALTH MONITORING DURING FORECAST PERIOD
          TABLE 15 MARKET, BY OFFERING, 2022–2027 (USD MILLION)
    7.2 IMPACT OF COVID-19 ON HARDWARE AND SOFTWARE & SERVICES SEGMENTS
          FIGURE 44 PRE- AND POST-COVID-19 ANALYSES FOR HARDWARE MARKET, 2022–2027 (USD MILLION)
          FIGURE 45 PRE- AND POST-COVID-19 ANALYSES FOR SOFTWARE & SERVICES MARKET, 2022–2027 (USD MILLION)
    7.3 HARDWARE
          TABLE 16 STRUCTURAL HEALTH MONITORING MARKET FOR HARDWARE, BY REGION, 2018–2021 (USD MILLION)
          TABLE 17 MARKET FOR HARDWARE, BY REGION, 2022–2027 (USD MILLION)
          TABLE 18 STRUCTURAL HEALTH MONITORING MARKET FOR HARDWARE, BY TYPE, 2018–2021 (USD MILLION)
          FIGURE 46 SENSORS TO COMMAND  MARKET FOR HARDWARE DURING FORECAST PERIOD
          TABLE 19 STRUCTURAL HEALTH MONITORING MARKET FOR HARDWARE, BY TYPE, 2022–2027 (USD MILLION)
           7.3.1 SENSORS
                    TABLE 20 MARKET FOR SENSORS, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 21 STRUCTURAL HEALTH MONITORING MARKET FOR SENSORS, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 22 MARKET FOR SENSORS, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 23 MARKET FOR SENSORS, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 24 MARKET FOR SENSORS, BY TYPE, 2018–2021 (THOUSAND UNITS)
                    TABLE 25 MARKET FOR SENSORS, BY TYPE, 2022–2027 (THOUSAND UNITS)
                    7.3.1.1 Accelerometers
                               7.3.1.1.1 Accelerometers measure acceleration experienced by structures due to gravity or applied force
                    7.3.1.2 Displacement sensors
                               7.3.1.2.1 Displacement sensors measure displacements across critical locations on structures
                    7.3.1.3 Tiltmeters & inclinometers
                               7.3.1.3.1 MEMS-based inclinometers are expected to witness increased adoption in structural health monitoring systems
                    7.3.1.4 Strain gauge sensors
                               7.3.1.4.1 Low cost and easy installation process are major factors propelling growth of market for strain gauge sensors
                    7.3.1.5 Corrosion sensors
                               7.3.1.5.1 Corrosion sensors are extensively used to monitor oil and gas pipelines, chemical and petrochemical plants, bridges and aircraft
                    7.3.1.6 Temperature sensors
                               7.3.1.6.1 Temperature sensors are expected to witness increased demand from civil infrastructure vertical
                    7.3.1.7 Others
           7.3.2 DATA ACQUISITION SYSTEMS
                    7.3.2.1 Data acquisition systems transmit data collected from sensors to base station
                                TABLE 26 STRUCTURAL HEALTH MONITORING MARKET FOR DATA ACQUISITION SYSTEMS, BY REGION, 2018–2021 (USD MILLION)
                                TABLE 27 STRUCTURAL HEALTH MONITORING MARKET FOR DATA ACQUISITION SYSTEMS, BY REGION, 2022–2027 (USD MILLION)
           7.3.3 OTHERS
                    TABLE 28 MARKET FOR OTHER HARDWARE OFFERINGS, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 29 STRUCTURAL HEALTH MONITORING MARKET FOR OTHER HARDWARE OFFERINGS, BY REGION, 2022–2027 (USD MILLION)
    7.4 SOFTWARE & SERVICES
          TABLE 30  MARKET FOR SOFTWARE & SERVICES, BY REGION, 2018–2021 (USD MILLION)
          FIGURE 47 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN  MARKET FOR SOFTWARE & SERVICES DURING FORECAST PERIOD
          TABLE 31 STRUCTURAL HEALTH MONITORING MARKET FOR SOFTWARE & SERVICES, BY REGION, 2022–2027 (USD MILLION)
           7.4.1 SOFTWARE
                    7.4.1.1 Growing need for predictive analysis to ensure safety of structures to stimulate market growth
           7.4.2 SERVICES
                    7.4.2.1 Pre-installation services
                               7.4.2.1.1 Pre-installation services include design, engineering, consulting, and installation services
                    7.4.2.2 Post-installation services
                               7.4.2.2.1 Post-installation services involve monitoring, maintenance, diagnostic and testing, and application-specific monitoring services

8 STRUCTURAL HEALTH MONITORING MARKET, BY TECHNOLOGY (Page No. - 112)
    8.1 INTRODUCTION
          FIGURE 48 STRUCTURAL HEALTH MONITORING MARKET, BY TECHNOLOGY
          TABLE 32 MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
          FIGURE 49 WIRELESS TECHNOLOGY TO REGISTER HIGHER CAGR IN MARKET DURING FORECAST PERIOD
          TABLE 33 STRUCTURAL HEALTH MONITORING MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
    8.2 WIRED TECHNOLOGY
           8.2.1 WIRED TECHNOLOGY ACCOUNTS FOR LARGER MARKET SHARE OWING TO ITS ADVANTAGES SUCH AS REDUCED DATA ATTENUATION, UNLIMITED TRANSMISSION RANGE, AND HIGH SYSTEM BANDWIDTH
                    TABLE 34 STRUCTURAL HEALTH MONITORING MARKET FOR WIRED TECHNOLOGY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 35 MARKET FOR WIRED TECHNOLOGY, BY REGION, 2022–2027 (USD MILLION)
    8.3 WIRELESS TECHNOLOGY
           8.3.1 INCREASED ADOPTION OF WIRELESS TECHNOLOGY-BASED STRUCTURAL MONITORING SYSTEMS WILL MAKE IT FAST-GROWING MARKET
                    TABLE 36 STRUCTURAL HEALTH MONITORING MARKET FOR WIRELESS TECHNOLOGY, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 37 STRUCTURAL HEALTH MONITORING MARKET FOR WIRELESS TECHNOLOGY, BY REGION, 2022–2027 (USD MILLION)
    8.4 IMPACT OF COVID-19 ON WIRED AND WIRELESS  SYSTEMS
          FIGURE 50 PRE- AND POST-COVID-19 ANALYSES FOR WIRED STRUCTURAL HEALTH MONITORING MARKET, 2022–2027 (USD MILLION)
          FIGURE 51 PRE- AND POST-COVID-19 ANALYSES FOR WIRELESS MARKET, 2022–2027 (USD MILLION)

9 STRUCTURAL HEALTH MONITORING MARKET, BY END USE (Page No. - 119)
    9.1 INTRODUCTION
          FIGURE 52 STRUCTURAL HEALTH MONITORING MARKET, BY END USE
          TABLE 38 MARKET, BY END USE, 2018–2021 (USD MILLION)
          FIGURE 53 CIVIL INFRASTRUCTURE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2027
          TABLE 39 MARKET, BY END USE, 2022–2027 (USD MILLION)
    9.2 CIVIL INFRASTRUCTURE
           9.2.1 BRIDGES
                    9.2.1.1 Bridges contribute significantly to regional economic growth
           9.2.2 TUNNELS
                    9.2.2.1 Monitoring structural integrity of tunnels in pre- and post-construction phases is important
           9.2.3 DAMS
                    9.2.3.1 Dams are monitored to identify threat to structural integrity ensures safety
           9.2.4 BUILDINGS & STADIUMS
                    9.2.4.1 Increasing number of sporting events to drive market growth
                                TABLE 40 MAJOR CIVIL INFRASTRUCTURE PROJECTS
                                TABLE 41 STRUCTURAL HEALTH MONITORING FOR CIVIL INFRASTRUCTURE, BY REGION, 2018–2021 (USD MILLION)
                                FIGURE 54 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN STRUCTURAL HEALTH MONITORING MARKET FOR CIVIL INFRASTRUCTURE DURING FORECAST PERIOD
                                TABLE 42 STRUCTURAL HEALTH MONITORING FOR CIVIL INFRASTRUCTURE, BY REGION, 2022–2027 (USD MILLION)
                                FIGURE 55 PRE- AND POST-COVID-19 ANALYSES OF STRUCTURAL HEALTH MONITORING MARKET FOR CIVIL INFRASTRUCTURE, 2022–2027 (USD MILLION)
    9.3 AEROSPACE & DEFENSE
           9.3.1 STRONG NEED TO MINIMIZE RISK OF STRUCTURAL FAILURES SUPPORTS MARKET GROWTH
                    TABLE 43 MAJOR AEROSPACE & DEFENSE PROJECTS
                    TABLE 44 STRUCTURAL HEALTH MONITORING FOR AEROSPACE & DEFENSE, BY REGION, 2018–2021 (USD MILLION)
                    FIGURE 56 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF STRUCTURAL HEALTH MONITORING MARKET FOR AEROSPACE & DEFENSE THROUGHOUT FORECAST PERIOD
                    TABLE 45 STRUCTURAL HEALTH MONITORING FOR AEROSPACE & DEFENSE, BY REGION, 2022–2027 (USD MILLION)
                    FIGURE 57 PRE- AND POST-COVID-19 ANALYSES OF STRUCTURAL HEALTH MONITORING MARKET FOR AEROSPACE & DEFENSE, 2022–2027 (USD MILLION)
    9.4 ENERGY
           9.4.1 INCREASED ADOPTION OF STRUCTURAL HEALTH MONITORING SYSTEMS IN WIND AND NUCLEAR POWER GENERATION PROJECTS TO PROPEL MARKET GROWTH
                    TABLE 46 MAJOR ENERGY PROJECTS
                    TABLE 47 STRUCTURAL HEALTH MONITORING FOR ENERGY, BY REGION, 2018–2021 (USD MILLION)
                    FIGURE 58 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN STRUCTURAL HEALTH MONITORING MARKET FOR ENERGY SEGMENT DURING FORECAST PERIOD
                    TABLE 48 STRUCTURAL HEALTH MONITORING FOR ENERGY, BY REGION, 2022–2027 (USD MILLION)
                    FIGURE 59 PRE- AND POST-COVID-19 ANALYSES OF STRUCTURAL HEALTH MONITORING MARKET FOR ENERGY, 2022–2027 (USD MILLION)
    9.5 MINING
           9.5.1 STRINGENT REGULATORY POLICIES FORMULATED TO ENSURE SAFETY OF MINE WORKERS TO SPUR DEMAND FOR STRUCTURAL HEALTH MONITORING SYSTEMS
                    TABLE 49 MAJOR MINING PROJECTS
                    TABLE 50 STRUCTURAL HEALTH MONITORING FOR MINING, BY REGION, 2018–2021 (USD MILLION)
                    FIGURE 60 AMERICAS TO HOLD LARGEST SHARE OF STRUCTURAL HEALTH MONITORING MARKET FOR MINING IN 2027
                    TABLE 51 STRUCTURAL HEALTH MONITORING FOR MINING, BY REGION, 2022–2027 (USD MILLION)
                    FIGURE 61 PRE- AND POST-COVID-19 ANALYSIS OF MARKET FOR MINING, 2022–2027 (USD MILLION)
    9.6 OTHERS
          TABLE 52 MAJOR PROJECTS FOR INDUSTRIAL MACHINERY, MARINE, AUTOMOTIVE & TRANSPORTATION MARKETS
          TABLE 53 STRUCTURAL HEALTH MONITORING FOR OTHER END USES, BY REGION, 2018–2021 (USD MILLION)
          FIGURE 62 ASIA PACIFIC TO RECORD HIGHEST CAGR IN STRUCTURAL HEALTH MONITORING MARKET FOR OTHER END USES DURING FORECAST PERIOD
          TABLE 54 STRUCTURAL HEALTH MONITORING FOR OTHER END USES, BY REGION, 2022–2027 (USD MILLION)
          FIGURE 63 PRE- AND POST-COVID-19 ANALYSES OF  MARKET FOR OTHER END USES, 2022–2027 (USD MILLION)
    9.7 IMPACT OF COVID-19 ON OTHER END USES

10 IMPLEMENTATION METHODS OF STRUCTURAL HEALTH MONITORING SYSTEMS (Page No. - 139)
     10.1 INTRODUCTION
             FIGURE 64 IMPLEMENTATION METHOD OF MARKET SYSTEMS
     10.2 NEW CONSTRUCTIONS
     10.3 RETROFITTING

11 APPLICATIONS OF STRUCTURAL HEALTH MONITORING SYSTEMS (Page No. - 142)
     11.1 INTRODUCTION
             FIGURE 65 APPLICATIONS OF STRUCTURAL HEALTH MONITORING SYSTEMS
             TABLE 55 APPLICATIONS, PURPOSE OF MONITORING, AND INSTRUMENTS USED
     11.2 CRACK DETECTION
     11.3 DAMAGE DETECTION
     11.4 IMPACT MONITORING
     11.5 CORROSION MONITORING
     11.6 STRAIN MONITORING
     11.7 HOTSPOT MONITORING
     11.8 STATE SENSING
     11.9 MULTIMODAL SENSING
     11.1 PRESSURE MONITORING
     11.11 LEAKAGE DETECTION
     11.12 DEFLECTION MONITORING
     11.13 HURRICANE & EARTHQUAKE MONITORING

12 GEOGRAPHIC ANALYSIS (Page No. - 148)
     12.1 INTRODUCTION
             FIGURE 66 INDIA TO WITNESS HIGHEST CAGR IN GLOBAL STRUCTURAL HEALTH MONITORING MARKET DURING FORECAST PERIOD
             TABLE 56 STRUCTURAL HEALTH MONITORING MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 57 MARKET, BY REGION, 2022–2027 (USD MILLION)
     12.2 AMERICAS
             TABLE 58 MARKET IN AMERICAS, BY REGION, 2018–2021 (USD MILLION)
             TABLE 59 MARKET IN AMERICAS, BY REGION, 2022–2027 (USD MILLION)
             TABLE 60 MARKET IN AMERICAS, BY TECHNOLOGY, 2018–2021 (USD MILLION)
             TABLE 61 MARKET IN AMERICAS, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             TABLE 62 MARKET IN AMERICAS, BY OFFERING, 2018–2021 (USD MILLION)
             TABLE 63 MARKET IN AMERICAS, BY OFFERING, 2022–2027 (USD MILLION)
             TABLE 64 MARKET IN AMERICAS FOR HARDWARE, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 65 MARKET IN AMERICAS FOR HARDWARE, BY TYPE, 2022–2027 (USD MILLION)
             TABLE 66 STRUCTURAL HEALTH MONITORING MARKET IN AMERICAS, BY END USE, 2018–2021 (USD MILLION)
             TABLE 67 MARKET IN AMERICAS, BY END USE, 2022–2027 (USD MILLION)
             12.2.1 NORTH AMERICA
                        FIGURE 67 SNAPSHOT OF MARKET IN NORTH AMERICA
                        TABLE 68 STRUCTURAL HEALTH MONITORING MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 69 STRUCTURAL HEALTH MONITORING MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
                        TABLE 70 STRUCTURAL HEALTH MONITORING MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                        TABLE 71 MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                        TABLE 72 MARKET IN NORTH AMERICA FOR HARDWARE, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 73 MARKET IN NORTH AMERICA FOR HARDWARE, BY TYPE, 2022–2027 (USD MILLION)
                        12.2.1.1 US
                                     12.2.1.1.1 Aging infrastructure and increasing infrastructure investments to accelerate market growth
                                                     TABLE 74 MARKET IN US, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                                     TABLE 75 MARKET IN US, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                        12.2.1.2 Canada
                                     12.2.1.2.1 Growing infrastructure projects to spur market growth
                                                     TABLE 76 MARKET IN CANADA, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                                     TABLE 77 MARKET IN CANADA, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                        12.2.1.3 Mexico
                                     12.2.1.3.1 Increasing number of infrastructure development projects to propel market growth in Mexico
                                                     TABLE 78 STRUCTURAL HEALTH MONITORING MARKET IN MEXICO, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                                     TABLE 79 MARKET IN MEXICO, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             12.2.2 SOUTH AMERICA
                        FIGURE 68 SNAPSHOT OF MARKET IN SOUTH AMERICA
                        TABLE 80 MARKET IN SOUTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 81 MARKET IN SOUTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
                        TABLE 82 MARKET IN SOUTH AMERICA, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                        TABLE 83 STRUCTURAL HEALTH MONITORING MARKET IN SOUTH AMERICA, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                        TABLE 84 STRUCTURAL HEALTH MONITORING MARKET IN SOUTH AMERICA FOR HARDWARE, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 85 STRUCTURAL HEALTH MONITORING MARKET IN SOUTH AMERICA FOR HARDWARE, BY TYPE, 2022–2027 (USD MILLION)
                        12.2.2.1 Brazil
                                     12.2.2.1.1 Increasing awareness about benefits of structural health monitoring to boost market growth
                                                     TABLE 86 STRUCTURAL HEALTH MONITORING MARKET IN BRAZIL, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                                     TABLE 87 STRUCTURAL HEALTH MONITORING MARKET IN BRAZIL, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                        12.2.2.2 Rest of South America
                                      TABLE 88 STRUCTURAL HEALTH MONITORING MARKET IN REST OF SOUTH AMERICA, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                      TABLE 89 STRUCTURAL HEALTH MONITORING MARKET IN REST OF SOUTH AMERICA, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             12.2.3 IMPACT OF COVID-19 ON MARKET IN AMERICAS
                        FIGURE 69 PRE- AND POST-COVID-19 ANALYSES FOR STRUCTURAL HEALTH MONITORING MARKET IN AMERICAS, 2022–2027 (USD MILLION)
                        TABLE 90 MAJOR STRUCTURAL HEALTH MONITORING PROJECTS IN AMERICAS
     12.3 EUROPE
             FIGURE 70 SNAPSHOT OF STRUCTURAL HEALTH MONITORING MARKET IN EUROPE
             TABLE 91 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 92 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 93 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
             TABLE 94 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             TABLE 95 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY OFFERING, 2018–2021 (USD MILLION)
             TABLE 96 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY OFFERING, 2022–2027 (USD MILLION)
             TABLE 97 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE FOR HARDWARE, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 98 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE FOR HARDWARE, BY TYPE, 2022–2027 (USD MILLION)
             TABLE 99 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY END USE, 2018–2021 (USD MILLION)
             TABLE 100 STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, BY END USE, 2022–2027 (USD MILLION)
             12.3.1 UK
                        12.3.1.1 Growing need to repair existing infrastructure to accelerate market growth
                                     TABLE 101 STRUCTURAL HEALTH MONITORING MARKET IN UK, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                     TABLE 102 STRUCTURAL HEALTH MONITORING MARKET IN UK, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             12.3.2 GERMANY
                        12.3.2.1 Surging requirement for new infrastructure to push market growth
                                     TABLE 103 STRUCTURAL HEALTH MONITORING MARKET IN GERMANY, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                     TABLE 104 STRUCTURAL HEALTH MONITORING MARKET IN GERMANY, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             12.3.3 FRANCE
                        12.3.3.1 Increasing investments in transport, energy, infrastructure, commercial, and industrial infrastructure projects to fuel market growth
                                     TABLE 105 STRUCTURAL HEALTH MONITORING MARKET IN FRANCE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                     TABLE 106 STRUCTURAL HEALTH MONITORING MARKET IN FRANCE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             12.3.4 ITALY
                        12.3.4.1 Rising number of construction projects to support market growth
                                     TABLE 107 STRUCTURAL HEALTH MONITORING MARKET IN ITALY, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                     TABLE 108 STRUCTURAL HEALTH MONITORING MARKET IN ITALY, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             12.3.5 NETHERLANDS
                        12.3.5.1 Extensive focus of country on R&D and adoption of advanced monitoring solutions to drive market growth
                                     TABLE 109 STRUCTURAL HEALTH MONITORING MARKET IN NETHERLANDS, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                     TABLE 110 STRUCTURAL HEALTH MONITORING MARKET IN NETHERLANDS, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             12.3.6 REST OF EUROPE
                        TABLE 111 STRUCTURAL HEALTH MONITORING MARKET IN REST OF EUROPE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                        TABLE 112 STRUCTURAL HEALTH MONITORING MARKET IN REST OF EUROPE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             12.3.7 IMPACT OF COVID-19 ON MARKET IN EUROPE
                        FIGURE 71 PRE- AND POST-COVID-19 ANALYSES FOR STRUCTURAL HEALTH MONITORING MARKET IN EUROPE, 2022–2027 (USD MILLION)
                        TABLE 113 MAJOR STRUCTURAL HEALTH MONITORING PROJECTS IN EUROPE
     12.4 ASIA PACIFIC (APAC)
             FIGURE 72 SNAPSHOT OF STRUCTURAL HEALTH MONITORING MARKET IN ASIA PACIFIC
             TABLE 114 STRUCTURAL HEALTH MONITORING MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 115 STRUCTURAL HEALTH MONITORING MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 116 STRUCTURAL HEALTH MONITORING MARKET IN ASIA PACIFIC, BY TECHNOLOGY, 2018–2021 (USD MILLION)
             TABLE 117 STRUCTURAL HEALTH MONITORING MARKET IN ASIA PACIFIC, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             TABLE 118 STRUCTURAL HEALTH MONITORING MARKET IN ASIA PACIFIC, BY OFFERING, 2018–2021 (USD MILLION)
             TABLE 119 STRUCTURAL HEALTH MONITORING MARKET IN ASIA PACIFIC, BY OFFERING, 2022–2027 (USD MILLION)
             TABLE 120 STRUCTURAL HEALTH MONITORING MARKET IN ASIA PACIFIC FOR HARDWARE, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 121 STRUCTURAL HEALTH MONITORING MARKET IN ASIA PACIFIC FOR HARDWARE, BY TYPE, 2022–2027 (USD MILLION)
             TABLE 122 STRUCTURAL HEALTH MONITORING MARKET IN ASIA PACIFIC, BY END USE, 2018–2021 (USD MILLION)
             TABLE 123 STRUCTURAL HEALTH MONITORING MARKET IN ASIA PACIFIC, BY END USE, 2022–2027 (USD MILLION)
             12.4.1 CHINA
                        12.4.1.1 Stringent government regulations and presence of several component manufacturers to propel market growth in China
                                     TABLE 124 STRUCTURAL HEALTH MONITORING MARKET IN CHINA, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                     TABLE 125 STRUCTURAL HEALTH MONITORING MARKET IN CHINA, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             12.4.2 JAPAN
                        12.4.2.1 Growing number of infrastructure projects and rising need for regular monitoring of structures to spur market growth
                                     TABLE 126 STRUCTURAL HEALTH MONITORING MARKET IN JAPAN, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                     TABLE 127 STRUCTURAL HEALTH MONITORING MARKET IN JAPAN, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             12.4.3 SOUTH KOREA
                        12.4.3.1 Rising number of infrastructure projects to elevate demand for structural health monitoring
                                     TABLE 128 STRUCTURAL HEALTH MONITORING MARKET IN SOUTH KOREA, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                     TABLE 129 STRUCTURAL HEALTH MONITORING MARKET IN SOUTH KOREA, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             12.4.4 INDIA
                        12.4.4.1 Increasing infrastructure investments and subsequent rise in construction projects to boost market growth in India
                                     TABLE 130 STRUCTURAL HEALTH MONITORING MARKET IN INDIA, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                     TABLE 131 STRUCTURAL HEALTH MONITORING MARKET IN INDIA, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             12.4.5 SINGAPORE
                        12.4.5.1 Suring number of mega construction projects with increasing infrastructure investment to propel market growth
                                     TABLE 132 STRUCTURAL HEALTH MONITORING MARKET IN SINGAPORE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                     TABLE 133 STRUCTURAL HEALTH MONITORING MARKET IN SINGAPORE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             12.4.6 REST OF ASIA PACIFIC
                        TABLE 134 STRUCTURAL HEALTH MONITORING MARKET IN REST OF ASIA PACIFIC, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                        TABLE 135 STRUCTURAL HEALTH MONITORING MARKET IN REST OF ASIA PACIFIC, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             12.4.7 IMPACT OF COVID-19 ON MARKET IN ASIA PACIFIC
                        FIGURE 73 PRE- AND POST-COVID-19 ANALYSES OF STRUCTURAL HEALTH MONITORING MARKET IN ASIA PACIFIC, 2022–2027 (USD MILLION)
                        TABLE 136 MAJOR STRUCTURAL HEALTH MONITORING PROJECTS IN ASIA PACIFIC
     12.5 REST OF THE WORLD (ROW)
             TABLE 137 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
             TABLE 138 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
             TABLE 139 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY TECHNOLOGY, 2018–2021 (USD MILLION)
             TABLE 140 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY TECHNOLOGY, 2022–2027 (USD MILLION)
             TABLE 141 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY OFFERING, 2018–2021 (USD MILLION)
             TABLE 142 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY OFFERING, 2022–2027 (USD MILLION)
             TABLE 143 STRUCTURAL HEALTH MONITORING MARKET IN ROW FOR HARDWARE, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 144 STRUCTURAL HEALTH MONITORING MARKET IN ROW FOR HARDWARE, BY TYPE, 2022–2027 (USD MILLION)
             TABLE 145 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY END USE, 2018–2021 (USD MILLION)
             TABLE 146 STRUCTURAL HEALTH MONITORING MARKET IN ROW, BY END USE, 2022–2027 (USD MILLION)
             12.5.1 MIDDLE EAST
                        12.5.1.1 Rising need to monitor skyscrapers and increasing infrastructure investments to drive market growth in Middle East
                                     TABLE 147 STRUCTURAL HEALTH MONITORING MARKET IN MIDDLE EAST, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                                     TABLE 148 STRUCTURAL HEALTH MONITORING MARKET IN MIDDLE EAST, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                                     TABLE 149 STRUCTURAL HEALTH MONITORING MARKET IN MIDDLE EAST, BY OFFERING, 2018–2021 (USD MILLION)
                                     TABLE 150 STRUCTURAL HEALTH MONITORING MARKET IN MIDDLE EAST, BY OFFERING, 2022–2027 (USD MILLION)
             12.5.2 AFRICA
                        TABLE 151 STRUCTURAL HEALTH MONITORING MARKET IN AFRICA, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                        TABLE 152 STRUCTURAL HEALTH MONITORING MARKET IN AFRICA, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                        TABLE 153 STRUCTURAL HEALTH MONITORING MARKET IN AFRICA, BY OFFERING, 2018–2021 (USD MILLION)
                        TABLE 154 STRUCTURAL HEALTH MONITORING MARKET IN AFRICA, BY OFFERING, 2022–2027 (USD MILLION)
             12.5.3 IMPACT OF COVID-19 ON MARKET IN ROW
                        FIGURE 74 PRE- AND POST-COVID-19 ANALYSES OF STRUCTURAL HEALTH MONITORING MARKET IN ROW, 2022–2027 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 196)
     13.1 INTRODUCTION
             FIGURE 75 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2018 TO 2020
     13.2 MARKET SHARE ANALYSIS, 2021
             TABLE 155 MARKET SHARE ANALYSIS OF KEY COMPANIES, 2021
     13.3 HISTORICAL REVENUE ANALYSIS, 2016–2020
             FIGURE 76 HISTORICAL REVENUE ANALYSIS OF MAJOR COMPANIES IN
     13.4 COMPANY EVALUATION QUADRANT, 2021
             13.4.1 STAR
             13.4.2 EMERGING LEADER
             13.4.3 PERVASIVE
             13.4.4 PARTICIPANT
                        FIGURE 77 STRUCTURAL HEALTH MONITORING MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
     13.5 STARTUP/SME EVALUATION QUADRANT, 2021
             13.5.1 PROGRESSIVE COMPANY
             13.5.2 RESPONSIVE COMPANY
             13.5.3 DYNAMIC COMPANY
             13.5.4 STARTING BLOCK
                        FIGURE 78 STRUCTURAL HEALTH MONITORING MARKET (GLOBAL): STARTUP/SME EVALUATION MATRIX, 2021
                        TABLE 156 COMPANY FOOTPRINT
                        TABLE 157 COMPANY OFFERING FOOTPRINT
                        TABLE 158 COMPANY END USE FOOTPRINT
                        TABLE 159 COMPANY REGION FOOTPRINT
     13.6 COMPETITIVE SCENARIO
             13.6.1 PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 160 STRUCTURAL HEALTH MONITORING MARKET, PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2021
             13.6.2 DEALS
                        TABLE 161 STRUCTURAL HEALTH MONITORING MARKET, DEALS (CONTRACTS, PARTNERSHIPS, AGREEMENTS, COLLABORATIONS, AND MERGERS & ACQUISITIONS), 2018–2021
                        TABLE 162 STRUCTURAL HEALTH MONITORING MARKET, EXPANSIONS, 2018–2021

14 COMPANY PROFILES (Page No. - 214)
     14.1 INTRODUCTION
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
     14.2 KEY PLAYERS
             14.2.1 NOVA METRIX LLC
                        TABLE 163 NOVA METRIX LLC: COMPANY OVERVIEW
                        TABLE 164 NOVA METRIX LLC: PRODUCTS OFFERED
                        TABLE 165 NOVA METRIX LLC: PRODUCT LAUNCHES
                        TABLE 166 NOVA METRIX LLC: DEALS
             14.2.2 GEOKON
                        TABLE 167 GEOKON: COMPANY OVERVIEW
                        TABLE 168 GEOKON: PRODUCTS OFFERED
                        TABLE 169 GEOKON: PRODUCT LAUNCHES
                        TABLE 170 GEOKON: OTHERS
             14.2.3 CAMPBELL SCIENTIFIC
                        TABLE 171 CAMPBELL SCIENTIFIC: COMPANY OVERVIEW
                        TABLE 172 CAMPBELL SCIENTIFIC: PRODUCTS OFFERED
                        TABLE 173 CAMPBELL SCIENTIFIC: SERVICES OFFERED
                        TABLE 174 CAMPBELL SCIENTIFIC: PRODUCT LAUNCHES
             14.2.4 COWI
                        TABLE 175 COWI: COMPANY OVERVIEW
                        FIGURE 79 COWI: COMPANY SNAPSHOT
                        TABLE 176 COWI: SERVICES OFFERED
                        TABLE 177 COWI: DEALS
                        TABLE 178 COWI: OTHERS
             14.2.5 GEOCOMP
                        TABLE 179 GEOCOMP: COMPANY OVERVIEW
                        TABLE 180 GEOCOMP: PRODUCTS OFFERED
                        TABLE 181 GEOCOMP: PRODUCT LAUNCHES
             14.2.6 ACELLENT TECHNOLOGIES
                        TABLE 182 ACELLENT: COMPANY OVERVIEW
                        TABLE 183 ACELLENT: PRODUCTS OFFERED
                        TABLE 184 ACELLENT: DEALS
             14.2.7 SIXENSE
                        TABLE 185 SIXENSE: COMPANY OVERVIEW
                        TABLE 186 SIXENSE: PRODUCTS OFFERED
                        TABLE 187 SIXENSE: DEALS
             14.2.8 PURE TECHNOLOGIES
                        TABLE 188 PURE TECHNOLOGIES: COMPANY OVERVIEW
                        TABLE 189 PURE TECHNOLOGIES: PRODUCTS OFFERED
             14.2.9 STRUCTURAL MONITORING SYSTEMS PLC.
                        TABLE 190 STRUCTURAL MONITORING SYSTEMS: COMPANY OVERVIEW
                        FIGURE 80 STRUCTURAL MONITORING SYSTEMS: COMPANY SNAPSHOT
                        TABLE 191 STRUCTURAL MONITORING SYSTEMS: PRODUCTS OFFERED
             14.2.10 SGS
                        TABLE 192 SGS: COMPANY OVERVIEW
                        FIGURE 81 SGS: COMPANY SNAPSHOT
                        TABLE 193 SGS: SERVICES OFFERED
                        TABLE 194 SGS: DEALS
             14.2.11 DIGITEXX
                        TABLE 195 DIGITEXX: COMPANY OVERVIEW
                        TABLE 196 DIGITEXX: PRODUCTS OFFERED
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
     14.3 OTHER 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
             14.3.6 GEOMOTION SINGAPORE
             14.3.7 STRAINSTALL UK (JAMES FISHER & SONS PLC)
             14.3.8 HOLTINGER BALDWIN MESSTECHNIK (HBM)
             14.3.9 KINEMETRICS
             14.3.10 FEAC ENGINEERING
             14.3.11 DESTEK ENGINEERING LLC
             14.3.12 SENSURON
             14.3.13 INFIBRA TECHNOLOGIES
             14.3.14 SODIS LABS
             14.3.15 SET POINT TECHNOLOGIES
             14.3.16 MISTRAS GROUP
             14.3.17 METIS DESIGN CORPORATION
             14.3.18 GEOSIG LTD.

15 APPENDIX (Page No. - 256)
     15.1 INSIGHTS FROM 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, 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—Americas, Europe, Asia Pacific, and RoW. Approximately 75% and 25% 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 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:

  • Initially, MarketsandMarkets focuses on top line investments and spending in the ecosystems. Further, major developments in the key market area have been considered
  • Information related to the revenue generated by key players in the structural health monitoring market was obtained
  • Multiple on-field discussions have been conducted with key opinion leaders from major companies that develop structural health monitoring instruments and software and provide monitoring services as well as supply-related services
  • Geographic splits have been estimated using secondary sources based on various factors, such as the number of players in a specific region, types of services provided by them or the products offered, and the various end users related to the market
  • Analyzing the structural health monitoring market in each country and identifying instrument manufacturers, software providers and service providers in the market
  • Estimating the market size in each country
  • Estimating the size of the market in each region by the summation of country-wise markets
  • Identifying the upcoming structural health monitoring projects by various companies in different regions and forecasting the market size based on these developments and other critical parameters.
  • Arriving at the global market size by the summation of the market size for all regions

Structural Health Monitoring 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 to 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, segment, and forecast the structural health monitoring market, by offering, technology, and end use, in terms of value
  • To forecast the market for sensors, which is the subsegment of hardware offerings, in terms of volume
  • To describe and forecast the market for various segments, with respect to four main regions, namely, the Americas, Europe, Asia Pacific, and the Rest of the World, in terms of value
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the structural health monitoring market
  • To define and describe implementation methods and applications of structural health monitoring systems
  • To provide a detailed overview of the structural health monitoring market’s value chain, along with the ecosystem, technology trends, use cases, regulatory environment, and Porter’s five forces analysis for the market
  • To analyze industry trends, pricing data, patents and innovations, and trade data (export and import data) related to the structural health monitoring systems
  • To strategically analyze the micro markets with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile the key players and comprehensively analyze their market share and core competencies
  • To analyze opportunities for stakeholders and provide a detailed competitive landscape of the market
  • To analyze competitive developments such as product launches/developments, contracts, collaborations, partnerships, agreements, acquisitions, expansions, and research and development (R&D) activities carried out by players in the structural health monitoring market

Available Customizations:

MarketsandMarkets offers the following customizations for this market report:

  • Country-wise Information:
  • Country-wise breakdown for the Americas, Europe, Asia Pacific, and Rest of the World
  • Detailed analysis of various offerings for each country
  • Company Information:
  • Detailed analysis and profiling of additional market players (up to five)
Report Code
SE 3865
Published ON
Feb, 2022
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