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PUBLISHER: IMARC | PRODUCT CODE: 1561596
PUBLISHER: IMARC | PRODUCT CODE: 1561596
Structural Health Monitoring Market Report by Component, Technology, Implementation Method, Vertical, and Region 2024-2032
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PAGES: 136 Pages
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The global structural health monitoring market size reached US$ 2.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2032, exhibiting a growth rate (CAGR) of 11.3% during 2024-2032.
Structural health monitoring (SHM) refers to the process of observing and scanning 3D, aerospace, civil, mechanical and infrastructural structures to detect faults and abnormalities. The information is collected through multiple sensors that transmit continuous data throughout the service life of the structure. It involves the use of non-destructive acoustic emission, ultrasonic and thermal imaging technologies to prevent any anomalies caused by deterioration, incorrect construction, lack of quality control or excessive accidental or environmental load. SHM is widely used for bridges, power and wind energy plants, water, gas and oil pipelines, tunnels, rigs and pavements. It is also utilized for detecting internal or external wear and malfunction in marine vessels, aircraft and heavy commercial automobiles.
Structural Health Monitoring Market Trends:
The increasing requirement for standardization and automation for the repair and maintenance of civil and infrastructural constructions is one of the key factors driving the market growth. Due to rapid digitization and the advent of smart sensors, SHM is widely used for the design, analysis, and maintenance of modern civil engineering structures and systems. Contractors are also able to utilize SHM solutions for remote monitoring of construction processes to exercise control over quality. Additionally, various technological advancements, such as the integration of innovative communication modules and data acquisition systems for the processing and analysis of information, are acting as other growth-inducing factors. These solutions enable the consumers to include electrical, magnetic, thermal, physical and chemical variables for improved analysis of the structural health. Other factors, including the implementation of favorable government policies to promote public safety, along with extensive infrastructural development, especially in the emerging economies, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global structural health monitoring market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, technology, implementation method and vertical.
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Technology:
- Wired
- Wireless
Breakup by Implementation Method:
- New Construction
- Retrofitting
Breakup by Vertical:
- Civil Infrastructure
- Aerospace and Defense
- Energy
- Mining
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acellent Technologies Inc., Bridge Diagnostics Inc., Campbell Scientific Inc., COWI A/S, Digitexx Data Systems Inc., FEAC Engineering, HBK - Hottinger Bruel & Kjaer (Spectris plc), James Fisher and Sons plc, National Instruments Corporation, RST Instruments Ltd., Sisgeo S.r.l. and Sixense Enterprises Inc.
Key Questions Answered in This Report
- 1. What was the size of the global structural health monitoring market in 2023?
- 2. What is the expected growth rate of the global structural health monitoring market during 2024-2032?
- 3. What are the key factors driving the global structural health monitoring market?
- 4. What has been the impact of COVID-19 on the global structural health monitoring market?
- 5. What is the breakup of the global structural health monitoring market based on the component?
- 6. What is the breakup of the global structural health monitoring market based on the technology?
- 7. What is the breakup of the global structural health monitoring market based on the vertical?
- 8. What are the key regions in the global structural health monitoring market?
- 9. Who are the key players/companies in the global structural health monitoring market?
Product Code: SR112024A4651
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Structural Health Monitoring Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Hardware
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Software
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Services
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Technology
- 7.1 Wired
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Wireless
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Implementation Method
- 8.1 New Construction
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Retrofitting
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Vertical
- 9.1 Civil Infrastructure
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Aerospace and Defense
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Energy
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Mining
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Acellent Technologies Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Bridge Diagnostics Inc.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Campbell Scientific Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 COWI A/S
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 SWOT Analysis
- 15.3.5 Digitexx Data Systems Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 FEAC Engineering
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 HBK - Hottinger Bruel & Kjaer (Spectris plc)
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 James Fisher and Sons plc
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.9 National Instruments Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 RST Instruments Ltd.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Sisgeo S.r.l.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 Sixense Enterprises Inc.
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.1 Acellent Technologies Inc.
Product Code: SR112024A4651
List of Figures
- Figure 1: Global: Structural Health Monitoring Market: Major Drivers and Challenges
- Figure 2: Global: Structural Health Monitoring Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Structural Health Monitoring Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Structural Health Monitoring Market: Breakup by Component (in %), 2023
- Figure 5: Global: Structural Health Monitoring Market: Breakup by Technology (in %), 2023
- Figure 6: Global: Structural Health Monitoring Market: Breakup by Implementation Method (in %), 2023
- Figure 7: Global: Structural Health Monitoring Market: Breakup by Vertical (in %), 2023
- Figure 8: Global: Structural Health Monitoring Market: Breakup by Region (in %), 2023
- Figure 9: Global: Structural Health Monitoring (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Structural Health Monitoring (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Structural Health Monitoring (Software) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Structural Health Monitoring (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Structural Health Monitoring (Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Structural Health Monitoring (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Structural Health Monitoring (Wired) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Structural Health Monitoring (Wired) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Structural Health Monitoring (Wireless) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Structural Health Monitoring (Wireless) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Structural Health Monitoring (New Construction) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Structural Health Monitoring (New Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Structural Health Monitoring (Retrofitting) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Structural Health Monitoring (Retrofitting) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Structural Health Monitoring (Civil Infrastructure) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Structural Health Monitoring (Civil Infrastructure) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Structural Health Monitoring (Aerospace and Defense) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Structural Health Monitoring (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Structural Health Monitoring (Energy) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Structural Health Monitoring (Energy) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Structural Health Monitoring (Mining) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Structural Health Monitoring (Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Structural Health Monitoring (Other Verticals) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Structural Health Monitoring (Other Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: North America: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: North America: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: United States: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: United States: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Canada: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Canada: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Asia-Pacific: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Asia-Pacific: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: China: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: China: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Japan: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Japan: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: India: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: India: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: South Korea: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: South Korea: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Australia: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Australia: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Indonesia: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Indonesia: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Others: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Others: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Europe: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Europe: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Germany: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Germany: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: France: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: France: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: United Kingdom: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: United Kingdom: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Italy: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Italy: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Spain: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Spain: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Russia: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Russia: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Others: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Others: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Latin America: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Latin America: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Brazil: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Brazil: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Mexico: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Mexico: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Others: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Others: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Middle East and Africa: Structural Health Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Middle East and Africa: Structural Health Monitoring Market: Breakup by Country (in %), 2023
- Figure 81: Middle East and Africa: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Global: Structural Health Monitoring Industry: SWOT Analysis
- Figure 83: Global: Structural Health Monitoring Industry: Value Chain Analysis
- Figure 84: Global: Structural Health Monitoring Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Structural Health Monitoring Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Structural Health Monitoring Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: Structural Health Monitoring Market Forecast: Breakup by Technology (in Million US$), 2024-2032
- Table 4: Global: Structural Health Monitoring Market Forecast: Breakup by Implementation Method (in Million US$), 2024-2032
- Table 5: Global: Structural Health Monitoring Market Forecast: Breakup by Vertical (in Million US$), 2024-2032
- Table 6: Global: Structural Health Monitoring Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Structural Health Monitoring Market: Competitive Structure
- Table 8: Global: Structural Health Monitoring Market: Key Players
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