Structural Health Monitoring Market to Gather Steam to 2023, States Allied Market Research in New Topical Report Available at MarketPublishers.com15 Jan 2018 • by Natalie Aster
LONDON – The world structural health monitoring (SHM) market is forecast to gather steam in the offing, driven by a hike in construction activities and the surging need for ongoing monitoring of the structure. SHM refers to the integration of sensors, smart materials, data communication, computational performance, and processibillity inside the structures.
With respect to components, hardware grabbed the lion’s share of the market as of 2016, with the trend poised to keep up in the years to come. The services segment in the SHM industry is likely to record the fastest CAGR to 2023.
Emerging legislations, rising social pressures, and the changes in the contractual relationships between constructor and users boost the demand for SHM in civil infrastructures. Amid end-user sectors, air-space is projected to register the most rapid growth in the SHM market, registering a 21.2% CAGR over the forecast period.
Advitam, National Instruments Corporation, Digitexx Data Systems, Acellent Technologies, Geocomp Corporation, Nova Metrix, Kinemetrics, COWI, Hottinger Baldwin Messtechnik, and Strainstall UK Limited, amid others, are the dominant players in the industry.
The new topical research report “Structural Health Monitoring Market: Global Opportunity Analysis and Industry Forecast, 2017-2023” elaborated by Allied Market Research offers an in-depth, unbiased evaluation of the market from a global perspective.
The study defines the market and reviews its structure, provides key findings such as top impacting factors, top winning strategies and potential investment pockets. The report offers Porter’s five forces analysis, market share analysis for 2015. Key drivers, limiters, and opportunities and their granular impact analysis are limelighted. It presents an all-round assessment of the market by component, connectivity, end-user sector, and geography-wise. The publication outlines the actual trends and future scenarios to detect the overall market potential. The report presents a quantitative analysis of the SHM market during 2016-2023 to recognise the financial competency of the market. The report casts light on the top competitors in the marketplace.
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