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The Structural Health Monitoring Market Size was valued at USD 3.5 Billion in 2023 and is expected to reach USD 13.2 Billion by 2032, growing at a CAGR of 15.9% over the forecast period 2024-2032.
The high growth of the structural health monitoring (SHM) market is due to governments focusing greater attention on infrastructure safety, sustainability, and the need for investment over the next decade. In 2023, the U.S. Federal Highway Administration reported that more than 43% of bridges in the United States were either structurally deficient or functionally obsolete, calling for advanced monitoring systems for structural health and framework maintenance. Faced with aging or failing infrastructure, governments across the globe are installing tough regulations to better protect infrastructure. Take the example of the Green Deal by the European Commission where in its secondary section states that creatively improving the background of infrastructure needs without compromising the sustainable & safe infrastructure of developing countries will surely introduce its effects on demand of SHM technologies throughout Europe.
Rising investments in urbanization along with a growing focus on disaster-resilient infrastructure are also fueling the market. With the development of smart cities and modernization of transportation networks, particularly in developing economies, governments are investing huge amounts of money in these infrastructures in Asia-Pacific and Latin America and this is driving the adoption of smart health monitoring (SHM) systems. In 2023, the U.S. Department of Transportation allocated more than $50 billion for infrastructure improvements, including the use of SHM to monitor bridges, dams, and other critical infrastructure. The increased demand for lowering maintenance costs and safety of infrastructure projects is also increasing the demand for SHM solutions, especially in regions with large transportation and civil construction of infrastructure projects. Providing this in various governments that are focused on improving public infrastructure while mitigating environmental impacts generated by construction will increasingly look for vigilant SHM solutions.
Drivers
The increasing need for automated maintenance and repair systems, especially in critical infrastructures such as bridges, dams, and buildings, is driving the SHM market's growth.
The growing frequency of natural disasters such as earthquakes, floods, and hurricanes has heightened the demand for advanced monitoring systems to ensure infrastructure safety.
The development of sophisticated wireless sensors and Internet of Things (IoT) technology is enhancing the efficiency and accuracy of SHM systems, driving their adoption across various industries.
The increasing demand for automated maintenance of critical infrastructure is one of the primary factors driving the Structural Health Monitoring (SHM) market. Aging infrastructure, coupled with the higher frequency of extreme weather events, has made the need for monitoring of structures like bridges, dams, and even skyscrapers critical for their safety and longevity. Automated SHM systems employ sophisticated sensors and technologies to gather real-time data on the condition of the structures, allowing for early warning of potential problems without the need for physical inspections. As a result, maintenance is carried out faster and cheaper because necessary major repairs can be avoided. To illustrate, the wireless sensors in bridges enable real-time monitoring of strain and displacement which is a proactive maintenance strategy .
The growing importance of automated monitoring is also driven by the need to meet strict safety regulations. As an example, in the USA, the law of the Federal Highway Administration (FHWA) has been changed and more careful bridge monitoring is being implemented, which is one of the major drivers of the adoption of SHM technologies. In addition, interest in SHM systems has become widespread after natural disasters such as earthquakes and hurricanes to evaluate and monitor the health of structures and infrastructure after being impacted. This embedded motion is primarily reflected in the shift towards automated systems (both the selves and others) to ensure structures are more durable, have a better lifespan, and guarantee safety, but have also aided in the construction of smarter and more sustainable cities and other infrastructures around the world.
Restraints:
The significant upfront cost associated with installing SHM systems and maintaining them remains a major challenge, limiting adoption, particularly in smaller projects.
The complexity involved in interpreting the vast amounts of data collected by SHM systems can be a barrier, as it requires specialized expertise and advanced software
The high installation and monitoring costs of Structural Health Monitoring (SHM) systems act as one of the prime restraints for the market. The solution that is, the deployment of SHM technology, particularly in large-scale infrastructure projects comes at significant cost, including hardware, smart sensors, software, and human capital. Ongoing maintenance and data analysis can also add major costs. This can prevent smaller organizations or those with low budgets from implementing SHM systems. Again, the cost is an issue, and even more so as the installation process is complex and the monitoring equipment is often very specialized, and so very expensive making it difficult but keep in mind very costly for some sectors to justify such a purchase. Even if there is a clear long-term return on investment with earlier damage detection, projects associated with government and infrastructure may struggle to set aside the funds to implement these technologies precisely because of a longer return on investment. The financial drawback is one of the main barriers preventing effective adoption of SHM systems, particularly in budget-limited areas.
Structural Health Monitoring Market Segment Analysis
By Solution
The hardware segment led the market in 2023 with the largest revenue share of over 61%. This dominance is mainly fueled by diverse hardware elements, including sensors, data acquisition systems, and structural components, that play a key role in state-of-the-art monitoring of conditions of different structures. These hardware devices are fundamental to the collection and real-time processing of data to identify faults and so confirm the safety of infrastructures including bridges, dams, and buildings. Translating SHM architectures into equipment, this demand for hardware solutions has increased over the last decade due to the great uptake of SHM solutions in critical infrastructures such as transportation networks and buildings.
This trend is being fueled in large part by governments around the world. Investments by various bodies such as the U.S. Federal Highway Administration in smart technologies such as fiber optic sensors and wireless monitoring systems for bridges and highways have also been bolstering hardware segment growth. Over €100 million of funding was offered through the European Union’s Horizon 2020 program specifically for research and development of SHM hardware technologies that can be used to create safer and more sustainable bridges and highways in 2023. The growing requirement for timely and precise information for evaluating infrastructure status has also spurred greater dependence on state-of-the-art hardware solutions. In addition, hardware solutions play an integral part in predictive analytics that lessen the lifecycle expenses of infrastructure, a prime aspect of concern for governments and organizations around the world. The availability of several proposed advanced materials and devices such as piezoelectric sensors and wireless sensor networks further propel the hardware segment growth.
By Technology
In 2023, the wired SHM segment held the highest revenue share at 58%. The reason for this consistent appearance of wired SHM systems is their reliability, clear long-term data, and cost efficiency in long-term monitoring projects. Such systems provide the reliable performance and real-time monitoring capabilities needed for critical infrastructure. Wired SHM technologies, such as strain gauges, accelerometers, and displacement sensors, are particularly popular for monitoring large and stationary infrastructure like bridges and dams, which require a stable and uninterrupted power source.
Government investments and initiatives have been key drivers in the adoption of wired SHM solutions. This growth was mainly due to the installation of wired SHM systems in critical bridges in the US on account of the ongoing U.S. Department of Transportation's Bridge Maintenance and Safety Program which has earmarked funds for this type of bridge. Moreover, a range of European Union-based SHM projects, including the SmartBridge Initiative, have been based on wired SHM technologies for the real-time monitoring of several bridges, addressing the need to mitigate bridge failure as well as improve public and structural safety. Such systems are highly modular and provide accurate data for long-term assessment, and thus governments are also using wired solutions within their infrastructure safety programs. As a result, wired SHM systems continue to be the preferred choice for large-scale monitoring applications, despite the growing interest in wireless alternatives.
By Application
The bridges and dams segment held the largest revenue share of more than 33% of overall structural health monitoring in 2023. The significant share of this segment is due to the critical role that bridges and dams play in transportation and water management infrastructure, respectively. These structures, however, are susceptible to aging, environmental stress, and natural disasters, and governments around the world invest significant amounts into ensuring their safety, stability, and durability.
For instance, the U.S. Federal Highway Administration allocated $2 billion in 2023 for the monitoring and rehabilitation of bridges, a large portion of which was directed toward SHM technologies. Demand for SHM technologies is also being boosted due to the incorporation of SHM technologies in dam safety programs by the U.S. Army Corps of Engineers, also conducting similar work by USACE, which has also been incorporating SHM technologies in its dam safety programs. Likewise, some European countries are also funding SHM projects targeted at large dams and bridges through a national infrastructure program with an emphasis on safety quantification and risk mitigation. These facilities also need to be monitored as extreme weather events including floods and earthquakes have become more frequent. In bridges and dams, SHM allows real-time understanding of physical conditions, which helps to repair and avoid disastrous failures. Governments around the world are increasingly focusing on ensuring the safety of these structures, thus the bridges and dams application is expected to register the highest growth in the coming years for SHM solutions.
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Structural Health Monitoring Market Regional Overview
The North American structural health monitoring (SHM) market accounted for the largest revenue share of more than 35% in 2023. This is due to large-scale investments and initiatives taken by government and private sector companies to upgrade and maintain aging infrastructure, thus forming the larger share of the dominant region. In particular, the growth is driven by the U.S. with a massive need to keep a close look at infrastructure that is getting old and a constant need to help make it safe and reduce maintenance costs. As per the U.S. Federal Highway Administration (FHWA) on their 2023 census report, close to 43% of the bridges are classified as structurally deficient or functionally obsolete which validates the potential benefits of employing advanced SHM systems for monitoring this critical infrastructure.
Government projects have played a significant role in promoting SHM technologies. As an example, the U.S. federal government funded over 1.2 trillion dollars with the Infrastructure Investment and Jobs Act (IIJA) which provides billions to support infrastructure upgrades and the installation of SHM systems. The funding is part of the U.S. Department of Transportation for modernizing infrastructure by placing SHM technologies onto critical transportation infrastructures such as bridges, tunnels, and highways.
The structural health monitoring market is anticipated to have the highest region-wise compound annual growth rate (CAGR) in Asia-Pacific, which held a significant market share in structural health monitoring in 2023. Such growth is mainly provided by fast urbanization and infrastructure boom in nations such as China, India, and Japan. Countries are spending a lot to modernize the infrastructure and improve public safety, which is accelerating the demand for SHM solutions to monitor bridges, tunnels, and other critical infrastructures in the region. Spendings of a few billion bucks were made in China as one realizes smart cities where SHM technologies are used for infrastructure monitoring in real-time.
Service Providers / Manufacturers
Geosense (GeoTDR, GeoRadar)
National Instruments (NI CompactRIO, NI LabVIEW)
Vibrant Technology, Inc. (VibraMAT, VibraMEASURE)
GeoSIG (GeoLite, GeoDAS)
Kinemetrics, Inc. (Strong Motion Seismic Sensors, K2 Seismic Accelerometer)
HBK (Hottinger Brüel & Kjær) (VibroFlex, HBM QuantumX)
RST Instruments Ltd. (Vibrating Wire Strain Gauges, Multi-Channel Data Logger)
Sisgeo Srl (Vibrating Wire Piezometer, Data Acquisition System)
MSI-GeoSolutions (GeoSENSE, GeoLOG)
FOSSA Systems (Smart Sensors, SHM System)
Users of Services/Products
California Department of Transportation (Caltrans)
United States Army Corps of Engineers (USACE)
Canadian Ministry of Transportation
London Underground
New York City Department of Transportation
Chicago Transit Authority (CTA)
New York Metropolitan Transportation Authority (MTA)
Hong Kong MTR Corporation
Port of Rotterdam
Beijing Infrastructure Investment Group
Recent Developments
In April 2024, Acellent Technologies, Inc. announced that it has entered a contract with Korea Aerospace Industries (KAI) to supply the SHM system for KF-21. KF-21, a 4,5-generation fighter jet, is expected to upgrade the South Korean military by substituting its old-generation fighter planes.
COWI A/S acquired Mannvit in May 2023 to expand its footprint in Iceland within the infrastructure, industry, environment, and renewable energy sectors. Mannvit, a recognized company within engineering, renewable energy, scientific services, and project management, will strengthen COWI's strategic competence.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 2.37 Billion |
| Market Size by 2032 | US$ 6.98 Billion |
| CAGR | CAGR of 14.4% From 2023 to 2032 |
| Base Year | 2022 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Solution Type (Hardware, Software & Services) • By Application Type (Bridges & Dams, Building & Stadiums, Vessels & Platforms, Airframes & Wind Turbines, Large Machines & Equipment) • By Technology Type (Wired, Wireless) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Nova Metrix, Sixense, Acellent, Campbell Scientific, Geo kon, Cowi, Geo comp, Pure Technologies, Digitexx, Structural Monitoring Systems. |
| DRIVERS | • The relevance of automated vital infrastructure repair and maintenance has grown. • Structure failures have cascading implications, like loss of life and money. • Major infrastructure investments are being made. |
| Restraints | • Costs of installation and monitoring are high. • Due to reading problems, the results are inaccurate. • In poorer nations, structural health monitoring systems are being adopted slowly. |
Ans. The projected market size for the Structural Health Monitoring (SHM) Market is USD 13.2 billion by 2032.
Ans. The CAGR of the Structural Health Monitoring (SHM) Market is 15.9% During the forecast period of 2024-2032.
The leading Structural Health Monitoring Market players include Nova Metrix, Sixense, Acellent, Campbell Scientific, Geo kon, Cowi, Geo comp, Pure Technologies, Digitexx, and Structural Monitoring Systems.
The Covid-19 pandemic affected the Structural Health Monitoring Market significantly. The detailed analysis is included in the final report.
North America region is expected to show the highest growth in the Structural Health Monitoring Market during the forecast period.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Impact of Government Regulations and Initiatives, by Country, 2023
5.2 Technological Advancements in SHM, by Type, 2023
5.3 Market Demand by Application, 2023
5.4 Environmental Impact and Sustainability, by Region, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Structural Health Monitoring (SHM) Market Segmentation, By Solution
7.1 Chapter Overview
7.2 Hardware
7.2.1 Hardware Market Trends Analysis (2020-2032)
7.2.2 Hardware Market Size Estimates and Forecasts to 2032 (USD Billion)
7.2.3 Sensors
7.2.3.1 Sensors Market Trends Analysis (2020-2032)
7.2.3.2 Sensors Market Size Estimates and Forecasts to 2032 (USD Billion)
7.2.4 Data Acquisition Systems
7.2.4.1 Data Acquisition Systems Market Trends Analysis (2020-2032)
7.2.4.2 Data Acquisition Systems Market Size Estimates and Forecasts to 2032 (USD Billion)
7.2.5 Others
7.2.5.1 Others Market Trends Analysis (2020-2032)
7.2.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Software & Services
7.3.1 Software & Services Market Trends Analysis (2020-2032)
7.3.2 Software & Services Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Structural Health Monitoring (SHM) Market Segmentation, By Technology
8.1 Chapter Overview
8.2 Wired SHM
8.2.1 Wired SHM Market Trends Analysis (2020-2032)
8.2.2 Wired SHM Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Wireless SHM
8.3.1 Wireless SHM Market Trends Analysis (2020-2032)
8.3.2 Wireless SHM Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Structural Health Monitoring (SHM) Market Segmentation, By Application
9.1 Chapter Overview
9.2 Bridges & Dams
9.2.1 Bridges & Dams Market Trends Analysis (2020-2032)
9.2.2 Bridges & Dams Market Size Estimates and Forecasts to 2032 (USD Billion)
9.2.3 Bridges
9.2.3.1 Bridges Market Trends Analysis (2020-2032)
9.2.3.2 Bridges Market Size Estimates and Forecasts to 2032 (USD Billion)
9.2.4 Rails
9.2.4.1 Rails Market Trends Analysis (2020-2032)
9.2.4.2 Rails Market Size Estimates and Forecasts to 2032 (USD Billion)
9.2.5 Dams
9.2.5.1 Dams Market Trends Analysis (2020-2032)
9.2.5.2 Dams Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Buildings & Stadiums
9.3.1 Buildings & Stadiums Market Trends Analysis (2020-2032)
9.3.2 Buildings & Stadiums Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Vessels & Platforms
9.4.1 Vessels & Platforms Market Trends Analysis (2020-2032)
9.4.2 Vessels & Platforms Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Airframes & Wind Turbines
9.5.1 Airframes & Wind Turbines Market Trends Analysis (2020-2032)
9.5.2 Airframes & Wind Turbines Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5.3 Airframes
9.5.3.1 Airframes Market Trends Analysis (2020-2032)
9.5.3.2 Airframes Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5.4 Wind Turbines
9.5.4.1 Wind Turbines Market Trends Analysis (2020-2032)
9.5.4.2 Wind Turbines Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Large Machines & Equipment
9.6.1 Large Machines & Equipment Market Trends Analysis (2020-2032)
9.6.2 Large Machines & Equipment Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Structural Health Monitoring (SHM) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.2.4 North America Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.2.5 North America Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.2.6.2 USA Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.2.6.3 USA Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.2.7.2 Canada Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.2.7.3 Canada Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.2.8.2 Mexico Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.2.8.3 Mexico Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Structural Health Monitoring (SHM) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.1.6.2 Poland Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.1.6.3 Poland Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.1.7.2 Romania Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.1.7.3 Romania Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Structural Health Monitoring (SHM) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.4 Western Europe Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.5 Western Europe Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.6.2 Germany Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.6.3 Germany Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.7.2 France Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.7.3 France Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.8.2 UK Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.8.3 UK Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.9.2 Italy Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.9.3 Italy Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.10.2 Spain Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.10.3 Spain Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.13.2 Austria Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.13.3 Austria Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Structural Health Monitoring (SHM) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.4 Asia Pacific Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.5 Asia Pacific Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.6.2 China Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.6.3 China Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.7.2 India Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.7.3 India Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.8.2 Japan Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.8.3 Japan Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.9.2 South Korea Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.9.3 South Korea Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.10.2 Vietnam Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.10.3 Vietnam Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.11.2 Singapore Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.11.3 Singapore Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.12.2 Australia Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.12.3 Australia Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Structural Health Monitoring (SHM) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.1.4 Middle East Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.1.5 Middle East Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.1.6.2 UAE Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.1.6.3 UAE Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Structural Health Monitoring (SHM) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.2.4 Africa Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.2.5 Africa Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Structural Health Monitoring (SHM) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.6.4 Latin America Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.6.5 Latin America Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.6.6.2 Brazil Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.6.6.3 Brazil Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.6.7.2 Argentina Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.6.7.3 Argentina Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.6.8.2 Colombia Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.6.8.3 Colombia Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Solution (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Technology (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Structural Health Monitoring (SHM) Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11. Company Profiles
11.1 Geosense
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 National Instruments
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Vibrant Technology, Inc.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 GeoSIG
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 HBK (Hottinger Brüel & Kjær)
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 RST Instruments Ltd.
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Sisgeo Srl
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 MSI-GeoSolutions
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Kinemetrics, Inc.
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 FOSSA Systems.
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Solution
Hardware
Sensors
Data Acquisition Systems
Others
Software & Services
By Technology
Wired SHM
Wireless SHM
By Application
Bridges & Dams
Bridges
Rails
Dams
Buildings & Stadiums
Vessels & Platforms
Airframes & Wind Turbines
Airframes
Wind Turbines
Large Machines & Equipment
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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