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Global Structural Health Monitoring Market Size study, by Solution (Hardware, Software, Services), by Technology (Wired SHM, Wireless SHM), by Application (Bridges & Dams, Buildings & Stadiums, Vessels & Platforms, Airframes & Wind Turbines, Large Machines & Equipment) and Regional Forecasts 2022-2032

June 2024 | 200 pages | ID: G22BD5655407EN
Bizwit Research & Consulting LLP

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Global Structural Health Monitoring Market is valued at approximately USD 3.21 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 18.8 % over the forecast period 2024-2032. Structural Health Monitoring (SHM) involves the real-time monitoring and assessment of the structural integrity of infrastructure such as buildings, bridges, and pipelines. By utilizing sensors and advanced data analysis techniques, SHM aims to detect and diagnose structural issues, enhancing safety, reliability, and longevity while minimizing maintenance costs and downtime. The demand for structural health monitoring technologies is predicted to increase in industrialized countries like Japan, the United States, and the United Kingdom as infrastructure ages. Additionally, the superior efficacy of SHM compared to conventional inspection and testing methods is projected to support the further expansion in the Global Structural Health Monitoring Market.

The global demand for structural health monitoring solutions is on the rise as construction companies increasingly prioritize infrastructure safety and longevity. Stringent government mandates for structural integrity assessments further contribute to this demand. Additionally, the increasing incidence of infrastructure failures, such as bridge collapses and weakened flyovers, fuels the need for monitoring solutions. Moreover, the expansion of smart and self-sufficient cities, particularly in countries such as India, China, Brazil, and Singapore, drives the adoption of Global Structural Health Monitoring Equipment. However, the high initial costs of acquiring and installing structural health monitoring systems, along with challenges related to integrating them into existing infrastructure and legacy systems, are primary factors contributing to market slowdown. Overcoming these hurdles is crucial for companies in the Global Structural Health Monitoring Market to achieve promising returns in the future.

The key regions considered for the global Structural Health Monitoring market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America emerged as the dominant force in the Global Structural Health Market. The region's heightened demand for structural health monitoring systems is attributed to several factors, including an increased focus on civil infrastructure repair and maintenance, aging infrastructure, and heightened investments in airframes and wind turbines. Moreover, countries such as the U.S. and Canada increasingly rely on these systems to ensure the safety and security of structures and inhabitants. The rapid aging of infrastructure in North America and Europe has further propelled the adoption of structural health monitoring methods in civil infrastructure projects such as bridges, dams, and tunnels. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period.

Major market player included in this report are:
Acellent Technologies, Inc.
Campbell Scientific, Inc.
COWI A/S
Digitexx Data Systems, Inc.
Geocomp, Inc.
GEOKON
GeoSIG Ltd
Hottinger Brьel & Kj?r
James Fisher and Sons plc.
Kinemetrics, Inc
The detailed segments and sub-segment of the market are explained below:

By Solution
Hardware
Software
Services

By Technology
Wired SHM
Wireless SHM

By Application
Bridges & Dams
Buildings & Stadiums
Vessels & Platforms
Airframes & Wind Turbines
Large Machines & Equipment
?
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL STRUCTURAL HEALTH MONITORING MARKET DEFINITION AND RESEARCH ASSUMPTIONS

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
  1.3.1. Inclusion & Exclusion
  1.3.2. Limitations
  1.3.3. Supply Side Analysis
    1.3.3.1. Availability
    1.3.3.2. Infrastructure
    1.3.3.3. Regulatory Environment
    1.3.3.4. Market Competition
    1.3.3.5. Economic Viability (Consumer’s Perspective)
  1.3.4. Demand Side Analysis
    1.3.4.1. Regulatory frameworks
    1.3.4.2. Technological Advancements
    1.3.4.3. Environmental Considerations
    1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Global Structural Health Monitoring Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
  2.3.1. By Solution
  2.3.2. By Technology
  2.3.3. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

CHAPTER 3. GLOBAL STRUCTURAL HEALTH MONITORING MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. GLOBAL STRUCTURAL HEALTH MONITORING MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL STRUCTURAL HEALTH MONITORING MARKET SIZE & FORECASTS BY SOLUTION 2022-2032

5.1. Hardware
5.2. Software
5.3. Services

CHAPTER 6. GLOBAL STRUCTURAL HEALTH MONITORING MARKET SIZE & FORECASTS BY TECHNOLOGY 2022-2032

6.1. Wired SHM
6.2. Wireless SHM

CHAPTER 7. GLOBAL STRUCTURAL HEALTH MONITORING MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

7.1. Bridges & Dams
7.2. Buildings & Stadiums
7.3. Vessels & Platforms
7.4. Airframes & Wind Turbines
7.5. Large Machines & Equipment

CHAPTER 8. GLOBAL STRUCTURAL HEALTH MONITORING MARKET SIZE & FORECASTS BY REGION 2022-2032

8.1. North America Structural Health Monitoring Market
  8.1.1. U.S. Structural Health Monitoring Market
    8.1.1.1. Solution breakdown size & forecasts, 2022-2032
    8.1.1.2. Technology breakdown size & forecasts, 2022-2032
    8.1.1.3. Application breakdown size & forecasts, 2022-2032
  8.1.2. Canada Structural Health Monitoring Market
8.2. Europe Structural Health Monitoring Market
  8.2.1. U.K. Structural Health Monitoring Market
  8.2.2. Germany Structural Health Monitoring Market
  8.2.3. France Structural Health Monitoring Market
  8.2.4. Spain Structural Health Monitoring Market
  8.2.5. Italy Structural Health Monitoring Market
  8.2.6. Rest of Europe Structural Health Monitoring Market
8.3. Asia-Pacific Structural Health Monitoring Market
  8.3.1. China Structural Health Monitoring Market
  8.3.2. India Structural Health Monitoring Market
  8.3.3. Japan Structural Health Monitoring Market
  8.3.4. Australia Structural Health Monitoring Market
  8.3.5. South Korea Structural Health Monitoring Market
  8.3.6. Rest of Asia Pacific Structural Health Monitoring Market
8.4. Latin America Structural Health Monitoring Market
  8.4.1. Brazil Structural Health Monitoring Market
  8.4.2. Mexico Structural Health Monitoring Market
  8.4.3. Rest of Latin America Structural Health Monitoring Market
8.5. Middle East & Africa Structural Health Monitoring Market
  8.5.1. Saudi Arabia Structural Health Monitoring Market
  8.5.2. South Africa Structural Health Monitoring Market
  8.5.3. Rest of Middle East & Africa Structural Health Monitoring Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Acellent Technologies, Inc.
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. Campbell Scientific, Inc.
  9.3.3. COWI A/S
  9.3.4. DIGI-TEXX
  9.3.5. Geocomp, Inc.
  9.3.6. Geokon
  9.3.7. GeoSIG Ltd
  9.3.8. HBK
  9.3.9. James Fisher and Sons plc.
  9.3.10. Kinemetrics, Inc

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Structural Health Monitoring market, report scope
TABLE 2. Global Structural Health Monitoring market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Structural Health Monitoring market estimates & forecasts by Solution 2022-2032 (USD Billion)
TABLE 4. Global Structural Health Monitoring market estimates & forecasts by Technology 2022-2032 (USD Billion)
TABLE 5. Global Structural Health Monitoring market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 6. Global Structural Health Monitoring market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Structural Health Monitoring market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Structural Health Monitoring market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Structural Health Monitoring market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Structural Health Monitoring market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Structural Health Monitoring market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Structural Health Monitoring market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Structural Health Monitoring market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Structural Health Monitoring market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. Global Structural Health Monitoring market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. U.S. Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. U.S. Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. Canada Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 20. Canada Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. Canada Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22. UK Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 23. UK Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. UK Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25. Germany Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 26. Germany Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. Germany Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28. France Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 29. France Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. France Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31. Italy Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 32. Italy Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Italy Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34. Spain Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 35. Spain Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. Spain Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 37. RoE Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 38. RoE Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. RoE Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 40. China Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 41. China Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. China Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 43. India Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 44. India Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. India Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 46. Japan Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 47. Japan Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Japan Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 49. Australia Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 50. Australia Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. Australia Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 52. South Korea Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 53. South Korea Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54. South Korea Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 55.
TABLE 56. RoAPAC Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 57. RoAPAC Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 58. RoAPAC Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 59. Brazil Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 60. Brazil Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Brazil Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 62. Mexico Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 63. Mexico Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. Mexico Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 65. RoLA Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 66. RoLA Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. RoLA Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 68. Saudi Arabia Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69. Saudi Arabia Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70. Saudi Arabia Structural Health Monitoring market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 71. South Africa Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 72.
TABLE 73. South Africa Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74. South Africa Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. RoMEA Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. RoMEA Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. RoMEA Structural Health Monitoring market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 78. List of secondary sources, used in the study of Global Structural Health Monitoring Market.
TABLE 79. List of primary sources, used in the study of Global Structural Health Monitoring Market.
TABLE 80. Years considered for the study.
TABLE 81. Exchange rates considered.

LIST OF FIGURES

FIG 1. Global Structural Health Monitoring market, research methodology
FIG 2. Global Structural Health Monitoring market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Structural Health Monitoring market, key trends 2023
FIG 5. Global Structural Health Monitoring market, growth prospects 2022-2032
FIG 6. Global Structural Health Monitoring market, porters 5 force model
FIG 7. Global Structural Health Monitoring market, pestel analysis
FIG 8. Global Structural Health Monitoring market, value chain analysis
FIG 9. Global Structural Health Monitoring market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Structural Health Monitoring market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Structural Health Monitoring market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Structural Health Monitoring market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Structural Health Monitoring market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Structural Health Monitoring market, regional snapshot 2022 & 2032
FIG 15. North America Structural Health Monitoring market 2022 & 2032 (USD Billion)
FIG 16. Europe Structural Health Monitoring market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Structural Health Monitoring market 2022 & 2032 (USD Billion)
FIG 18. Latin America Structural Health Monitoring market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Structural Health Monitoring market 2022 & 2032 (USD Billion)
FIG 20. Global Structural Health Monitoring market, company market share analysis (2023)


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