Structural Health Monitoring Market Size with COVID-19 Impact and Forecast Report by 2027


Posted October 9, 2020 by pankajrathi

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.
 
Global Structural Health Monitoring Market was valued at USD 1.8 billion in 2019 which is expected to reach USD 4.8 billion by 2027 at a CAGR 17.5%.

The global Structural Health Monitoring market is studied in detail in the new report on Qualiket Research. The new report studies the Structural Health Monitoring market by profiling its major driving factors and restraining factors, compiling a comprehensive database on the market’s historical growth trajectory and present conditions, and by using easy formulation of calculations and estimations through the use of industry-leading analytical tools and methods.

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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.

Market Drivers
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 Restraints
However, an inaccurate result due to errors is the restarting factor which is expected to hamper the global structural health monitoring market growth. Also, high implementation cost will affect the global structural health monitoring market growth.

Market Key Players
Various key players are discussed in this report such as Nova Metrix LLC, Geokon, COWI, Geocomp, Acellent, Pure Technologies, Kinemetrics Inc, Campbell Scientific, Sixense , and Others

Market Taxonomy
By Technology
• Wired Structural Health Monitoring
• Wireless Structural Health Monitoring
By Component
• Hardware
• Software
• Services
By End User
• Mining
• Energy
• Defense
• Aerospace
• Civil
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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Issued By qualiket research
Country India
Categories Business , Health , Marketing
Tags structural health monitoring market
Last Updated October 9, 2020