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Structural Health Monitoring Market Report by Component (Hardware, Software, Services), Technology (Wired, Wireless), Implementation Method (New Construction, Retrofitting), Vertical (Civil Infrastructure, Aerospace and Defense, Energy, Mining, and Others), and Region 2023-2028

November 2023 | 139 pages | ID: S643F0ACC839EN
IMARC Group

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The global structural health monitoring market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.0 Billion by 2028, exhibiting a growth rate (CAGR) of 13.21% during 2022-2028.

Structural health monitoring (SHM) refers to the process of observing and scanning 3D, aerospace, civil, mechanical and infrastructural structures to detect faults and abnormalities. The information is collected through multiple sensors that transmit continuous data throughout the service life of the structure. It involves the use of non-destructive acoustic emission, ultrasonic and thermal imaging technologies to prevent any anomalies caused by deterioration, incorrect construction, lack of quality control or excessive accidental or environmental load. SHM is widely used for bridges, power and wind energy plants, water, gas and oil pipelines, tunnels, rigs and pavements. It is also utilized for detecting internal or external wear and malfunction in marine vessels, aircraft and heavy commercial automobiles.

Structural Health Monitoring Market Trends:
The increasing requirement for standardization and automation for the repair and maintenance of civil and infrastructural constructions is one of the key factors driving the market growth. Due to rapid digitization and the advent of smart sensors, SHM is widely used for the design, analysis, and maintenance of modern civil engineering structures and systems. Contractors are also able to utilize SHM solutions for remote monitoring of construction processes to exercise control over quality. Additionally, various technological advancements, such as the integration of innovative communication modules and data acquisition systems for the processing and analysis of information, are acting as other growth-inducing factors. These solutions enable the consumers to include electrical, magnetic, thermal, physical and chemical variables for improved analysis of the structural health. Other factors, including the implementation of favorable government policies to promote public safety, along with extensive infrastructural development, especially in the emerging economies, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global structural health monitoring market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, technology, implementation method and vertical.

Breakup by Component:

Hardware
Software
Services

Breakup by Technology:

Wired
Wireless

Breakup by Implementation Method:

New Construction
Retrofitting

Breakup by Vertical:

Civil Infrastructure
Aerospace and Defense
Energy
Mining
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acellent Technologies Inc., Bridge Diagnostics Inc., Campbell Scientific Inc., COWI A/S, Digitexx Data Systems Inc., FEAC Engineering, HBK – Hottinger Brьel & Kj?r (Spectris plc), James Fisher and Sons plc, National Instruments Corporation, RST Instruments Ltd., Sisgeo S.r.l. and Sixense Enterprises Inc.

Key Questions Answered in This Report
1. What was the size of the global structural health monitoring market in 2022?
2. What is the expected growth rate of the global structural health monitoring market during 2023-2028?
3. What are the key factors driving the global structural health monitoring market?
4. What has been the impact of COVID-19 on the global structural health monitoring market?
5. What is the breakup of the global structural health monitoring market based on the component?
6. What is the breakup of the global structural health monitoring market based on the technology?
7. What is the breakup of the global structural health monitoring market based on the vertical?
8. What are the key regions in the global structural health monitoring market?
9. Who are the key players/companies in the global structural health monitoring market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL STRUCTURAL HEALTH MONITORING MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY COMPONENT

6.1 Hardware
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Software
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Services
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY TECHNOLOGY

7.1 Wired
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Wireless
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY IMPLEMENTATION METHOD

8.1 New Construction
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Retrofitting
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY VERTICAL

9.1 Civil Infrastructure
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Aerospace and Defense
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Energy
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Mining
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Others
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Acellent Technologies Inc.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 Bridge Diagnostics Inc.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 Campbell Scientific Inc.
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 COWI A/S
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 SWOT Analysis
  15.3.5 Digitexx Data Systems Inc.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 FEAC Engineering
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 HBK – Hottinger Brьel & Kj?r (Spectris plc)
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 James Fisher and Sons plc
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
  15.3.9 National Instruments Corporation
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 RST Instruments Ltd.
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 Sisgeo S.r.l.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 Sixense Enterprises Inc.
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Structural Health Monitoring Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Structural Health Monitoring Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Structural Health Monitoring Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Structural Health Monitoring Market Forecast: Breakup by Implementation Method (in Million US$), 2023-2028
Table 5: Global: Structural Health Monitoring Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 6: Global: Structural Health Monitoring Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Structural Health Monitoring Market: Competitive Structure
Table 8: Global: Structural Health Monitoring Market: Key Players

LIST OF FIGURES

Figure 1: Global: Structural Health Monitoring Market: Major Drivers and Challenges
Figure 2: Global: Structural Health Monitoring Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Structural Health Monitoring Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Structural Health Monitoring Market: Breakup by Component (in %), 2022
Figure 5: Global: Structural Health Monitoring Market: Breakup by Technology (in %), 2022
Figure 6: Global: Structural Health Monitoring Market: Breakup by Implementation Method (in %), 2022
Figure 7: Global: Structural Health Monitoring Market: Breakup by Vertical (in %), 2022
Figure 8: Global: Structural Health Monitoring Market: Breakup by Region (in %), 2022
Figure 9: Global: Structural Health Monitoring (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Structural Health Monitoring (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Structural Health Monitoring (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Structural Health Monitoring (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Structural Health Monitoring (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Structural Health Monitoring (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Structural Health Monitoring (Wired) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Structural Health Monitoring (Wired) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Structural Health Monitoring (Wireless) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Structural Health Monitoring (Wireless) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Structural Health Monitoring (New Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Structural Health Monitoring (New Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Structural Health Monitoring (Retrofitting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Structural Health Monitoring (Retrofitting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Structural Health Monitoring (Civil Infrastructure) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Structural Health Monitoring (Civil Infrastructure) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Structural Health Monitoring (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Structural Health Monitoring (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Structural Health Monitoring (Energy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Structural Health Monitoring (Energy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Structural Health Monitoring (Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Structural Health Monitoring (Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Structural Health Monitoring (Other Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Structural Health Monitoring (Other Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: United States: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: United States: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Canada: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Canada: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia-Pacific: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia-Pacific: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: China: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: China: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Japan: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Japan: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South Korea: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South Korea: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Australia: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Australia: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Indonesia: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Indonesia: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Europe: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Europe: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Germany: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Germany: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: France: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: France: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Italy: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Italy: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Spain: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Spain: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Russia: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Russia: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Latin America: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Latin America: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Brazil: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Brazil: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Mexico: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Mexico: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Middle East and Africa: Structural Health Monitoring Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Middle East and Africa: Structural Health Monitoring Market: Breakup by Country (in %), 2022
Figure 81: Middle East and Africa: Structural Health Monitoring Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Global: Structural Health Monitoring Industry: SWOT Analysis
Figure 83: Global: Structural Health Monitoring Industry: Value Chain Analysis
Figure 84: Global: Structural Health Monitoring Industry: Porter's Five Forces Analysis


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