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Structural Health Monitoring Market by Solutions (Hardware: Sensors, Data Acquisition System; Software & Services), Technology (Wired and Wireless), End Users and Geography - Global Forecast to 2022

Structural Health Monitoring Market by Solutions (Hardware: Sensors, Data Acquisition System; Software & Services), Technology (Wired and Wireless), End Users and Geography - Global Forecast to 2022

“The rapidly aging infrastructure in North America and Europe is expected to drive the structural health monitoring market.”
The structural health monitoring market is expected to grow from USD 701.4 million in 2015 to USD 3407.7 million by 2022, at a CAGR of 24.99% between 2016 and 2022. Structural health monitoring solutions improve the performance of the structures such as commercial and residential buildings, dams, power plants by providing real-time data about the parameters such as strain, structural damage in various structures. Effective monitoring of civil structure helps in prolonging the life of a structure as the data received helps in taking remedial action and providing maintenance whenever a significant structural damage is noticed. The civil infrastructure in the U.S. has been rapidly aging and there is a growing need to monitor the structural damage for maintenance and reconstruction which is a major driver for the growth of the structural health monitoring market. The growing usage of composites in construction of structures is major driver for the growth of structural health monitoring market in the aerospace industry. The high cost of the installation of sensors and other hardware in large structures such as bridges and dams could prove to be a major restraining factor for the growth of structural health monitoring market. However, the advancement in sensor technologies, growing usage of smart structures and smart materials with embedded sensors are some of the key future opportunities for growth of structural health monitoring market.

“The structural health monitoring market for aerospace industry is expected to grow at a high rate owing to high maintenance, repair and overhaul (MRO) costs.”
The structural health monitoring market for the aerospace industry is expected to grow at the highest rate between 2016 and 2022. The aerospace industry, particularly commercial aviation is highly cost sensitive, and MRO activities constitute significant overhead costs. This necessitates the use of enhanced solutions such as structural health monitoring to effectively reduce the down time because of MRO activities. The growing usage of structural health monitoring also results in improving the overall safety and security through real-time analysis on the condition of airframe structurtes.

“The structural health monitoring market in Asia-Pacific (APAC) is likely to grow at the highest rate between 2016 and 2022.”
The structural health monitoring market in APAC is expected to grow at the highest rate between 2016 and 2022. The rapid urbanization, and frequent occurences of natural calamities such as earthquakes are the major growth drivers for structural health monitoring market in this region. North America is expected to hold the largest share of the structural health monitroing market between 2016 and 2022. The rapidly aging infrastructure in the U.S., commercialization of structural health monitoring systems in the aerospace industry are some of the major factors driving the growth of the structural health monitoring market in North America.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people. The break-up of profile of primary participants has been given below:
By Company Type: Tier 1 – 25%, Tier 2 – 45%, and Tier 3 – 30%
By Designation: C-Level Executives – 45% , Directors – 35%, and Others – 20%
By Region: North America – 35%, Europe – 30%, APAC – 25%, and RoW – 10%

Several companies have adopted the strategy of marketing of new products to increase their market share. Research and development (R&D) is increasingly conducted to provide comprehensive monitoring solutions, ranging from sensors to software support, to customers. A number of companies have attempted to strengthen their market position by collaborating with various other participants in the value chain. Apart from these dominant strategies, some players have adopted the approach of mergers and acquisitions to expand their business in the structural health monitoring market.

The key players in the structural health monitoring market profiled in this report are:
1. Advitam Group
2. COWI A/S
3. Geocomp Corp.
4. Geokon, Inc.
5. Hottinger Baldwin Messtechnik GmbH (HBM)
6. Nova Metrix LLC
7. Sodis Lab
8. Strainstall UK Ltd.
9. Digitexx Data Systems, Inc.
10. Geosig Ltd.
11. National Instruments
12. Kinemetrics, Inc.
13. Acellent Technologies, Inc.

Research Coverage

The structural health monitoring market on the basis of geography has been segmented into North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). Based on solutions, the structural health monitoring market has been classified into hardware and software and services. The structural health monitoring market on the basis of end users covers civil infrastructure, aerospace, defense, energy, mining, and others. The structural health monitroing market has been segmented on the basis of technology into wired and wireless structural health monitoring technology.

Key Benefits of Buying the Report

The report would help the market leaders/new entrants in the structural health monitoring market in the following ways:
1. This report segments the structural health monitoring market comprehensively and provides the closest approximations of the overall market size and that of the subsegments across different applications and regions.
2. This report would help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders to understand their competitors and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers and acquisitions in the structural health monitoring market.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE STRUCTURAL HEALTH MONITORING MARKET
    • REGIONAL AND END USER-WISE SNAPSHOT OF STRUCTURAL HEALTH MONITORING MARKET
    • STRUCTURAL HEALTH MONITORING MARKET, BY SOLUTION
    • STRUCTURAL HEALTH MONITORING MARKET, BY END USER
    • STRUCTURAL HEALTH MONITORING MARKET, BY TECHNOLOGY
    • STRUCTURAL HEALTH MONITORING MARKET, BY GEOGRAPHY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET EVOLUTION
    • MARKET SEGMENTATION
      • BY TECHNOLOGY
        • Table SHM MARKET SEGMENTATION BY TECHNOLOGY
      • BY SOLUTION TYPE
        • Table SHM MARKET SEGMENTATION BY SOLUTION TYPE
      • BY END USER
        • Table SHM MARKET SEGMENTATION BY END USER
      • BY APPLICATION
        • Table SHM MARKET SEGMENTATION BY APPLICATION
      • BY GEOGRAPHY
    • MARKET DYNAMICS
      • DRIVERS
        • Table AGING INFRASTRUCTURE AND COSTS PROPEL THE GROWTH OF THE STRUCTURAL HEALTH MONITORING MARKET
      • RESTRAINTS
        • Table HIGH COST OF IMPLEMENTATION ACTS AS A RESTRAINT FOR THE SHM MARKET
      • OPPORTUNITIES
        • Table ADVANCED SENSOR TECHNOLOGY IS A HUGE OPPORTUNITY FOR THE STRUCTURAL HEALTH MONITORING (SHM) MARKET
      • CHALLENGES
        • Table COMPLEX DATA MANAGEMENT AND PROCESSING IS A HUGE CHALLENGE FOR THE STRUCTURAL HEALTH MONITORING (SHM) MARKET
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • Table PORTER'S FIVE FORCES ANALYSIS: INDUSTRY RIVARLY LIKELY TO HAVE THE MAXIMUM IMPACT ON THE OVERALL MARKET
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • STRUCTURAL HEALTH MONITORING MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table STRUCTURAL HEALTH MONITORING MARKET, BY TECHNOLOGY, 2013-2022 (USD MILLION)
    • WIRED STRUCTURAL HEALTH MONITORING SYSTEM
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR WIRED TECHNOLOGY, BY GEOGRAPHY, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR WIRED TECHNOLOGY, BY END USER, 2013-2022 (USD MILLION)
    • WIRELESS STRUCTURAL HEALTH MONITORING SYSTEM
      • Table COMPARISON BETWEEN WIRED AND WIRELESS STRUCTURAL HEALTH MONITORING SYSTEMS
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR WIRELESS TECHNOLOGY, BY GEOGRAPHY, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR WIRELESS TECHNOLOGY, BY END USER, 2013-2022 (USD MILLION)
  • STRUCTURAL HEALTH MONITORING MARKET, BY SOLUTION TYPE
    • INTRODUCTION
      • Table STRUCTURAL HEALTH MONITORING MARKET, BY SOLUTION TYPE, 2013-2022 (USD MILLION)
    • HARDWARE
      • Table STRUCTURAL HEALTH MONITORING MARKET, BY HARDWARE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR HARDWARE, BY END USER, 2013-2022 (USD MILLION)
      • SENSORS
        • Table FUNCTION OF SENSORS
        • Table STRUCTURAL HEALTH MONITORING HARDWARE MARKET FOR SENSORS, BY TYPE, 2013-2022 (USD MILLION)
        • Table STRUCTURAL HEALTH MONITORING HARDWARE MARKET FOR SENSORS, BY END USER, 2013-2022 (USD MILLION)
        • Table STRUCTURAL HEALTH MONITORING HARDWARE MARKET FOR FIBER-OPTIC SENSOR, BY END USER, 2013-2022 (USD MILLION)
        • Table STRUCTURAL HEALTH MONITORING HARDWARE MARKET FOR PIEZOELECTRIC SENSOR, BY END USER, 2013-2022 (USD MILLION)
        • Table STRUCTURAL HEALTH MONITORING HARDWARE MARKET FOR MICROELECTROMECHANICAL SYSTEMS SENSOR, BY END USER, 2013-2022 (USD MILLION)
        • Table STRUCTURAL HEALTH MONITORING HARDWARE MARKET FOR OTHER SENSOR, BY END USER, 2013-2022 (USD MILLION)
      • DATA ACQUISITION SYSTEM (DAS)
        • Table STRUCTURAL HEALTH MONITORING HARDWARE MARKET FOR DATA ACQUISITION SYSTEM, BY END USER, 2013-2022 (USD MILLION)
      • OTHERS
        • Table STRUCTURAL HEALTH MONITORING HARDWARE MARKET FOR OTHERS, BY END USER, 2013-2022 (USD MILLION)
    • SOFTWARE AND SERVICES
      • SOFTWARE
      • SERVICES
        • Table STRUCTURAL HEALTH MONITORING MARKET, BY SOFTWARE & SERVICES, 2013-2022 (USD MILLION)
        • Table STRUCTURAL HEALTH MONITORING MARKET FOR SOFTWARE AND SERVICES, BY END USER, 2013-2022 (USD MILLION)
  • STRUCTURAL HEALTH MONITORING MARKET, BY END USER
    • INTRODUCTION
      • Table STRUCTURAL HEALTH MONITORING MARKET, BY END USER, 2013-2022 (USD MILLION)
    • CIVIL
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR CIVIL INFRASTRUCTURE, BY GEOGRAPHY, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING CIVIL INFRASTRUCTURE MARKET, BY SOLUTION TYPE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR CIVIL INFRASTRUCTURE, BY HARDWARE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR CIVIL INFRASTRUCTURE, BY SENSOR TYPE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR CIVIL INFRASTRUCTURE, BY TECHNOLOGY, 2013-2022 (USD MILLION)
      • TUNNELS
      • DAMS
      • STADIUMS
      • OTHERS
        • Table STRUCTURAL HEALTH MONITORING MARKET FOR CIVIL INFRASTRUCTURE, 2013-2022 (USD MILLION)
    • AEROSPACE
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR AEROSPACE, BY GEOGRAPHY, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR AEROSPACE, BY SOLUTION TYPE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR AEROSPACE, BY HARDWARE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR AEROSPACE, BY SENSOR TYPE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR AEROSPACE, BY TECHNOLOGY, 2013-2022 (USD MILLION)
    • DEFENSE
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR DEFENSE, BY GEOGRAPHY, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR DEFENSE, BY SOLUTION TYPE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR DEFENSE, BY HARDWARE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR DEFENSE, BY SENSOR TYPE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR DEFENSE, BY TECHNOLOGY, 2013-2022 (USD MILLION)
    • ENERGY
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR ENERGY, BY GEOGRAPHY, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR ENERGY, BY SOLUTION TYPE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR ENERGY, BY HARDWARE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR ENERGY, BY SENSOR TYPE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR ENERGY, BY TECHNOLOGY, 2013-2022 (USD MILLION)
    • MINING
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR MINING, BY GEOGRAPHY, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MINING MARKET, BY SOLUTION TYPE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR MINING, BY HARDWARE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR MINING, BY SENSOR TYPE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR MINING, BY TECHNOLOGY, 2013-2022 (USD MILLION)
    • OTHERS
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR OTHERS, BY GEOGRAPHY, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR OTHERS, BY SOLUTION TYPE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR OTHERS, BY HARDWARE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR OTHERS, BY SENSOR TYPE, 2013-2022 (USD MILLION)
      • Table STRUCTURAL HEALTH MONITORING MARKET FOR OTHERS, BY TECHNOLOGY, 2013-2022 (USD MILLION)
  • STRUCTURAL HEALTH MONITORING MARKET, BY APPLICATION
    • INTRODUCTION
    • STRUCTURAL HEALTH MONITORING AND NON-DESTRUCTIVE TESTING
      • Table NON DESTRUCTIVE TESTING AND STRUCTURAL HEALTH MONITORING
    • DAMAGE DETECTION
    • CRACK DETECTION
    • IMPACT MONITORING
    • CORROSION MONITORING
    • STRAIN MONITORING
    • HOTSPOT MONITORING
    • STATE SENSING
    • MULTI-MODAL SENSING
  • STRUCTURAL HEALTH MONITORING MARKET, BY GEOGRAPHY
    • INTRODUCTION
      • Table STRUCTURAL HEALTH MONITORING MARKET, BY GEOGRAPHY, 2013-2022 (USD MILLION)
    • NORTH AMERICA
      • U.S.
      • CANADA
        • Table SHM MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2013-2022 (USD MILLION)
        • Table SHM MARKET IN NORTH AMERICA, BY END USER, 2013-2022 (USD MILLION)
        • Table SHM MARKET IN NORTH AMERICA, BY COUNTRY, 2013-2022 (USD MILLION)
    • EUROPE
      • U.K.
      • FRANCE
      • GERMANY
      • REST OF EUROPE
        • Table SHM MARKET IN EUROPE, BY COUNTRY, 2013-2022 (USD MILLION)
        • Table SHM MARKET IN EUROPE, BY TECHNOLOGY, 2013-2022 (USD MILLION)
        • Table SHM MARKET IN EUROPE, BY END USER, 2013-2022 (USD MILLION)
    • APAC
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • SINGAPORE
      • REST OF APAC
        • Table SHM MARKET IN APAC, BY COUNTRY, 2013-2022 (USD MILLION)
        • Table SHM MARKET IN APAC, BY TECHNOLOGY, 2013-2022 (USD MILLION)
        • Table SHM MARKET IN APAC, BY END USER, 2013-2022 (USD MILLION)
    • ROW
      • MIDDLE EAST
      • AFRICA
      • LATIN AMERICA
        • Table SHM MARKET IN ROW, BY GEOGRAPHY, 2013-2022 (USD MILLION)
        • Table SHM MARKET IN ROW, BY TECHNOLOGY, 2013-2022 (USD MILLION)
        • Table SHM MARKET IN ROW, BY END USER, 2013-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET RANKING OF PLAYERS, 2015
      • Table MARKET RANKING BASED ON HARDWARE OFFERINGS BY COMPANIES IN THE STRUCTURAL HEALTH MONITORING, 2015
      • Table MARKET RANKING BASED ON SOFTWARE & SERVICE OFFERINGS BY COMPANIES IN THE STRUCTURAL HEALTH MONITORING, 2015
    • COMPETITIVE SCENARIO AND TRENDS
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES IN THE SHM MARKET, 2015
      • PARTNERSHIPS, AGREEMENTS, JOINT VENTURES, EXPANSIONS, AND COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, JOINT VENTURES, COLLABORATIONS, AND EXPANSIONS IN THE SHM MARKET, 2015-2016
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS IN THE STRUCTURAL HEALTH MONITORING, 2015
  • COMPANY PROFILE
    • ADVITAM INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • COWI A/S
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GEOCOMP CORP.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GEOKON, INCORPORATED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NOVA METRIX LLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ACELLENT TECHNOLOGIES INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HOTTINGER BALDWIN MESSTECHNIK GMBH (HBM)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SODIS LAB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • STRAINSTALL UK LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES
      • RECENT DEVELOPMENTS
    • DIGITEXX DATA SYSTEMS, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • GEOSIG LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • NATIONAL INSTRUMENTS CORP.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • KINEMETRICS INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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