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Structural Health Monitoring Market Trends

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

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Structural Health Monitoring Market Trends

Growth Drivers

Requirement for Critical Infrastructure Repairing and Automated Maintenance
Constant Growth in Airline Services
Growing Automotive and Construction Industry

Challenges

Critical Procedure of Installation
Need for High Initial Investment

Structural Health Monitoring Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	18.4%
Base Year Market Size (2023)	USD 3.06 billion
Forecast Year Market Size (2036)	USD 27.5 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Structural Health Monitoring Market Size & Share, Growth Report 2036

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 BrÃƒÂ¼el & Kjaer GmbH, Acellent Technologies, Inc., Nova Metrix LLC, Strainstall UK Ltd, Arconic Corporation, and CAV System Ltd.

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