Structural Health Monitoring (SHM) is defined as the use of in-situ, non-destructive sensing and analysis of structural characteristics in order to identify if a damage has occurred at a particular location and estimate its severity & evaluate consequences.
The factors that propel the growth of the global Structural Health Monitoring market size include rapid infrastructural development all over the world, rising government initiatives for public safety, and also extensive range of disposal of sensors that are available in low price. On the other hand, there are also factors that hamper the growth of the market such as difficulty in installing structural health monitoring solutions for huge structures along with a shortage of skilled professionals.
The global Structural Health Monitoring market size is classified on the basis of solution, end users, technology and geography. On the basis of solutions, the global Structural Health Monitoring market size is classified as hardware and software & services. The hardware solution is further sub classified as sensors, data acquisition systems and others.
Among the solutions, hardware solutions are projected to account for a major share of the global Structural Health Monitoring market size. In case of the different types of hardware, the sensors are anticipated to dominate the largest share of the global Structural Health Monitoring market size. As these components are necessary to be set up in great numbers in order to cover the structures such as dams, bridges and airframes.
Presently, the several sensors used in structural health monitoring such as dip angle, piezoelectric vibration, optical fibre strain, stress measurement sensors, etc. On the basis of end users, the global Structural Health Monitoring market size is classified as civil infrastructure, aerospace, defence, energy, mining and others. The civil infrastructure is further sub classified as buildings, bridges, tunnels, dams, stadiums and others. Among the end users, the bridges and dams accounted for a major share of the global Structural Health Monitoring market size. On the basis of technology, the global Structural Health Monitoring market size is classified as wired structural health monitoring systems and wireless structural health monitoring systems.
Among the technology, the wireless technology is projected to show a very high growth rate of the global Structural Health Monitoring market size. The major factor for the high growth of this technology is owed to the increasing demand for wireless technology in the structural health monitoring market. On the basis of geography, the global Structural Health Monitoring market size is classified as North America, Europe, Asia-Pacific and Rest of the World.
The North American region comprises the U.S. and Canada. The European region comprises Germany, France, England, and Rest of Europe. Asia Pacific region comprises Singapore, China, Japan, South Korea and Rest of APAC. Rest of the World comprises Middle East & Africa and Latin America. In case of geographical region, North America holds a major share of the global Structural Health Monitoring market size in 2016.
Nevertheless, Asia Pacific is projected to grow at the highest rate in the upcoming years. The factors that contribute to the high growth include rapid infrastructural development, and huge number of infrastructure construction projects such as power plants. In addition, the government monitoring bodies are also enforcing strict laws and regulations for construction and maintenance of structures, and also natural calamities which generate the necessity for structural health monitoring.
Some of the prominent players that fuel the growth of the global Structural Health Monitoring market size include National Instruments Corporation, Advitam Inc. (Vinci SA), Digitexx Data Systems, Inc., Acellent Technologies, Inc., Strainstall UK Limited (James Fisher & Sons PLC), Nova Metrix LLC, Geokon, Inc., COWI A/S, Geocomp Corporation, Hottinger Baldwin Messtechnik GmbH, Geosig Ltd., and Kinemetrics Inc.
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