Global Structural Health Monitoring Market was valued at USD 1.8 billion in 2019 which is expected to reach USD 4.8 billion by 2030 at a CAGR 17.5%.
Structural health monitoring is an important tool in analysis, design, and maintenance of modern civil engineering systems and structures. This system is mainly aims to maintain the structure of the domain specified. Structural health monitoring technologies can be described as observing the damage caused and developing strategies to characterize the structures. This technology is mainly involved in improving the safety of the structures along with low maintenance cost.
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Top Key Players/Manufacturers of Global Structural Health Monitoring Market:
- Nova Metrix LLC , Geokon, COWI, Geocomp, Acellent, Pure Technologies, Kinemetrics Inc, Campbell Scientific , Sixense , and Others
Global Structural Health Monitoring Market Production Breakdown Data by Top Regional scope:
· NorthAmerica
· Asia Pacific
· Europe
· Latin America
· Middle East
By Drivers Global Structural Health Monitoring Market is Primarily split into:
- Increase in focus on structural health monitoring, obsolete infrastructure in various regions including Europe and North America is the key driving factor which is expected to boost the global structural health monitoring market. Further, rise in investments in infrastructure and advances in wireless sensor network will have the positive impact on global structural health monitoring market growth during this forecast period. Moreover, increase in technological advancements and innovations will fuel the global structural health monitoring market growth.
Market Segmentation:
· Global Structural Health Monitoring Market is segmented into technology such as Wired Structural Health Monitoring, and Wireless Structural Health Monitoring, by component such as Hardware, Software, and Services. Further, Global Structural Health Monitoring Market is segmented into end user such as Mining, Energy, Defense, Aerospace, Civil, and Others.
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