The global structural health monitoring market is anticipated to grow at a CAGR of nearly 16.5% during the forecast period. The construction industry has witnessed a slow transformation to the digitization, and automation of its key processes, such as maintenance, and repair, in recent years. The COVID-19 has significantly hindered the work and productivity of the workers at the construction sites, as the need to execute the contracts under conditions of social distancing and working with limited capacity has resulted in the loss of time and money. Hence, the trend toward the automation and standardization of key processes along with remote working solutions is increasing. The gradual rise of the standardization and automation of maintenance and repair is expected to increase the trend of remotely working, which could be a transformational impact on the construction industryThe standardization and automation of the maintenance and repair of the infrastructure through digitization and the use of smart sensors will allow the solutions to be more adaptive and resilient during uncertain times like the COVID-19 pandemic.
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The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, In January 2019, Cowi acquired Arkitema Architects. Through this acquisition, Cowi aimed at expanding itself making it the largest player in Denmark for the building segment.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Technology
o By Offering
o By Communication System
o By End-User Industry
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Acellant Technologies Inc., Advitam Group, COWI A/S, Digitexx Data Systems, Inc., Geosig Ltd., National Instruments Corp., Nova Metrix LLC, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Structural Health Monitoring Market Report by Segment
By Technology
- Wired Structural Health Monitoring
- Wireless Structural Health Monitoring
By Offering
- Hardware
- Sensors
- Data Acquisition Systems (DAS) and Communication Systems
- Software
- Services
- Others
By End-User Industry
- Civil Infrastructure
- Bridges & Buildings
- Aerospace & Defense
- Energy
- Mining
- Others
A full report of Structural Health Monitoring Market is available at: https://www.omrglobal.com/industry-reports/structural-health-monitoring-market
Structural Health Monitoring Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Campbell Scientific Inc.
- FEAC Engineering, Xylem Inc.
- First Sensor AG
- Geomotion Singapore Pte Ltd.
- Geosig Ltd.
- Hottinger Brüel & Kjær
- James Fisher and Sons plc.
- Kinemetrics Inc.
- National Instruments Corp.
- Nova Metrix LLC
- Nova Ventures Group
- OSMOS Group SA
- Pure Technologies Ltd.
