Structural health monitoring (SHM) is a range of systems implemented on full-scale civil infrastructures to assist and inform operators about the continued ‘fitness for purpose’ of structures under gradual or sudden changes to their state and to learn about either or both of the load and response mechanisms.
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Infrastructure plays a critical role in economic and social development across the globe. It has enormous importance in both developed and developing economies. The impact of seismic transformation in the economy has changed citizens’ perspectives.
The importance of infrastructure is widely recognized and well-researched. However, there have been relatively few attempts to track and monitor infrastructure investment across countries, where studies have assessed global infrastructure needs; the adoption of myriad definitions and approaches have consistently made it difficult to monitor trends over time.
The construction sector has been slowly evolving towards digitization and automation of critical procedures such as maintenance and repair. The epidemic has substantially impacted the work and productivity of construction workers since the requirement to complete contracts under socially isolating conditions and with restricted capacity has resulted in time and money being lost. As a result, there is a growing tendency toward automation and standardization of critical procedures and remote working options.
Data Bridge Market Research analyses that the Global Structural Health Monitoring Market is expected to grow at a CAGR of 17.9% from 2023 to 2030 and expected to reach USD 10,270.54 million by 2030. The high adoption of structural health monitoring is projected to propel the growth of the market.
INCREASING AUTOMATION AND STANDARDIZATION IN MAINTENANCE & REPAIR OF CIVIL INFRASTRUCTURE
Today, the technologies of construction have changed, but not nearly to the same degree. Construction is the process of moving, and assembling materials and equipment into a completed, operational facility. Although many construction operations are repetitive, they are performed neither in a fixed sequence nor at a fixed location. There are various complexities in construction development and maintenance, but the emergence of automation facilities provides an opportunity to predict the technological problems that are to be caused and the solution that is to be carried out. The increase in the implementation of standardized automation systems requires structural health monitoring systems to be installed in critical structures, which marks the need for SHM systems in automation, maintenance, and repair of civil infrastructure.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable tot 2015-2020)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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Type (Hardware, Software, and Services), Connectivity (Wired and Wireless), Installation Type (New installation and Retrofit), Method (Visual Inspection and Non-Destructive Evaluation), Application (Damage Detection, Crack Detection, Strain Monitoring, Wire Break Monitoring, Leakage Detection, Multimodal Sensing, Corrosion Detection, Hotspot Monitoring, Impact Monitoring, and Deflection Monitoring), End User (Civil, Aerospace, Energy, Mining, Marine, Industrial, Offshore Platform, Defense, School, Public Park and Recreation, Automotive, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Norway, Poland, Sweden, Belgium, Turkey, Denmark, Finland and the rest of Europe, China, Japan, India, Australia, New Zealand, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Taiwan and the rest of Asia-Pacific, South Africa, Saudi Arabia, Bahrain, U.A.E, Kuwait, Oman, Qatar, Egypt, Israel and the Rest of Middle East and Africa, Brazil, Argentina, and the Rest of South America
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Market Players Covered
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GEOKON (U.S.), Campbell Scientific, Inc. (U.S.), SIXENSE Systems (France), Kinemetrics (U.S.), Digitexx Data Systems, Inc. (U.S.), NATIONAL INSTRUMENTS CORP. (U.S.), OSMOS Group SA (France), HBK (Germany), Nova Ventures (U.S.), Acellent Technologies Inc. (U.S.), James Fisher and Sons plc. (U.S.), SODIS Lab (Russia), GoeSIG Ltd (Switzerland), STRUCTURAL MONITORING SYSTEMS PLC. (Australia), FEAC Engineering (Greece), Xylem Inc. (Canada), Sisgeo S.r.l. (Italy), FIRST SENSOR AG (Germany), Digitex (U.S.), Geomotion Singapore (Singapore), and COWI A/S (Denmark), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The structural health monitoring market is segmented on type, connectivity, installation type, method, application, and end user.
- On the basis of type, the global structural health monitoring market is segmented into hardware, software, and services.
In 2023, the hardware of type segment is anticipated to dominate the structural health monitoring market.
In 2023, the hardware segment of this market will dominate the structural health monitoring market owing to the increasing utilization of novel technologies such as sensors for health monitoring, making it easy to assess the level of damage at an early stage of the structures life. The hardware segment is expected reach the highest CAGR of 19.0% in the forecast period of 2023-2030.
- On the basis of connectivity, the global structural health monitoring market is segmented into wired and wireless. In 2023, the wired segment is expected to dominate the market with a 68.48% market share due to the integration of technologically advanced solutions and the safety and maintainability of critical civil structures.
- On the basis of installation type, the global structural health monitoring market is segmented into new installation and retrofit. In 2023, the new installation segment is expected to dominate the market with a 60.14% market share as the involvement of structural health monitoring solutions in new installations reduces the cost related to inspection, and mitigation of the impact of structural disasters caused by nature.
- On the basis of method, the global structural health monitoring market is segmented into visual inspection and non-destructive evaluation (NDE). Visual inspection is further sub-segmented into data-based techniques and model based techniques. In 2023, the visual inspection segment is expected to dominate the market with a 60.67% market share due to its reduced modeling assumption induced errors and does not require high user expertise.
- On the basis of application, the global structural health monitoring market is segmented into damage detection, crack detection, strain monitoring, wire break monitoring, leakage detection, multimodal sensing, corrosion monitoring, hotspot monitoring, impact monitoring, and deflection monitoring. In 2023, damage detection is expected to dominate the market with a 26.87% market share as more integrated SHM systems are being implemented to detect the damage on the performance and behavior of the composite structures that are affected by the degradation caused by exposure to environmental conditions or damage caused by handling conditions.
- On the basis of end user, the global structural health monitoring market is segmented into civil, aerospace, energy, mining, marine, industrial, offshore platform, defense, schools, public parks and recreation, automotive, and others.
In 2023, the civil segment is projected to hold the largest share of end user segment in the structural health monitoring market.
In 2023, the civil segment holds maximum market share due to the improved understanding of field structure behavior and the need for reduced inspection and repair time in critical civil structures. The hospital segment is growing with a CAGR of 20.6% in the forecast period of 2023 to 2030.
Major Players
Data Bridge Market Research recognizes the following companies as the major structural health monitoring market players in structural health monitoring market are GEOKON, Campbell Scientific, Inc., SIXENSE Systems, Kinemetrics, Digitexx Data Systems, Inc., NATIONAL INSTRUMENTS CORP., OSMOS Group SA, HBK, Nova Ventures, Acellent Technologies Inc., James Fisher and Sons plc., SODIS Lab, GoeSIG Ltd, STRUCTURAL MONITORING SYSTEMS PLC., FEAC Engineering, Xylem Inc., Sisgeo S.r.l., FIRST SENSOR AG, Digitex, Geomotion Singapore, and COWI A/S.
Market Developments
- In January 2023, Xylem Inc. and Evoqua announced a definitive agreement according to which Xylem will acquire Evoqua in an all-stock deal with an indicated enterprise value of roughly USD 7.5 billion. The united business offers a portfolio of cutting-edge technologies, comprehensive services, and application know-how that is unmatched throughout the water cycle. This has aided the business platform expansion of the corporation.
- In January 2023, Acellent Technologies Inc. was recognised by the Business Concept as the finest structural Health Monitoring leaders in the USA for Aviation and aerospace. This has helped the business acquire a well-known platform on a global scale.
- In September 2021, COWI A/S executed Hising Bridge which crosses the river Göta Älv in Gothenburg and forms the new link between the mainland and Hisingen. This project execution has improved the recognition of the company.
- In August 2021, Campbell Scientific, Inc. introduced laser sensors prepared for structural monitoring application. These sensors systems involve eight laser sensors. All eight laser sensors are wired in an RS485 network and communicate to Campbell Scientific, Inc. This product launch improves the product portfolio of the company.
- In May 2021, NATIONAL INSTRUMENTS CORP. acquired Monodrive to accelerate its vehicle development. Monodrive excels in signal processing. There is a strategic collaboration with Ansys, the global leader in engineering simulations. The company is benefitted by this acquisition because the company’s expand in the ADAS & simulation markets
Regional Analysis
Geographically, the countries covered in the structural health monitoring market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Norway, Poland, Sweden, Belgium, Turkey, Denmark, Finland and the rest of Europe, China, Japan, India, Australia, New Zealand, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Taiwan and the rest of Asia-Pacific, South Africa, Saudi Arabia, Bahrain, U.A.E, Kuwait, Oman, Qatar, Egypt, Israel and the Rest of Middle East and Africa, Brazil, Argentina, and the Rest of South America
As per Data Bridge Market Research analysis:
North America is the dominant region in structural health monitoring market during the forecast period 2023 -2030
Inn 2023, North America segment is expected to dominate the global structural health monitoring market with a 33.01% market share. This is due to the high technology adoption rate in all technology segments. In addition, the availability of aging infrastructure and companies dedicated to R&D in the structural health monitoring field make it an attractive investment destination for the structural health monitoring market.
Asia-Pacific is estimated to be the fastest growing region in structural health monitoring market the forecast period 2023-2030
Asia-Pacific is expected to grow during the forecast period due to large demography and rapid industrialization.
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