Structural Health Monitoring Market Analysis

  • Report ID: 173
  • Published Date: Sep 04, 2024
  • Report Format: PDF, PPT

Structural Health Monitoring Market Analysis

The market is segmented by end-user industry into aerospace & defense, civil infrastructure, mining, and electricity, out of which, the civil infrastructure segment is anticipated to hold the largest share in the market during the forecast period, on account of the growing construction of multiple structures worldwide. The civil infrastructure segment includes the construction of tunnels, stadiums, dams, and others that is ultimately projected to hike the growth of the market during the forecast period.

Our in-depth analysis of the global market includes the following segments:

           Product

  • Software
  • Hardware
  • Other

             Technology

  • Wired
  • Non-Wired

 

 

           End-User Industry

  • Aerospace & Defense
  • Civil Infrastructure
  • Mining
  • Electricity
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 173
  • Published Date: Sep 04, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of structural health monitoring is evaluated at USD 3.51 billion.

Structural Health Monitoring Market size was over USD 3.06 billion in 2023 and is poised to cross USD 27.5 billion by 2036, growing at more than 18.4% CAGR during the forecast period i.e., between 2024-2036. Requirement for critical infrastructure repairing and automated maintenance will boost the market growth.

North America is estimated to hold largest revenue share by 2036, on the back of rising government initiatives on modification and maintenance of the civil infrastructure, countless aging structures, developing construction, and automotive industry in the region.

The major players in the market are National Instruments Corporation, Advitam Inc., Kinemetrics Inc., Geocomp Corporation, Hottinger Brüel & Kjaer GmbH, Acellent Technologies, Inc., Nova Metrix LLC, Strainstall UK Ltd, Arconic Corporation, and CAV System Ltd.
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