Global Structural Health Monitoring Market by Offering (Software & Services, Hardware) by Technology (Wireless, Wire) by Industrial Vertical (Mining, Aerospace & Defense, Civil Infrastructure, Energy) – Business Overview, Analysis and Industry Forecast 2017-2023

Report Overview

Global Structural Health Monitoring Market was valued at USD XX Billion in the year 2017. Global Structural Health Monitoring Market is further estimated to grow at a CAGR of XX% from 2018 to reach USD XX Billion by the year 2023.

North America region holds the highest market share in 2017 and the Asia-Pacific region is considered as the fastest growing market in the forecasted period. At a country level, developed markets like the U.S holds the notable market share in 2017 and it is projected to grow at a gradual rate in the coming years.

Campbell Scientific, Inc., Xylem Inc., Nova Metrix LLC, Acellent Technologies, GEOKON, INCORPORATED, STRUCTURAL MONITORING SYSTEMS LTD, Sixense Enterprises Inc., Geocomp Corporation, Digitexx Data System, Inc., COWI A/S, are some of the key players in the Structural Health Monitoring Market with Campbell Scientific, Inc. holding the substantial market share because of its better technological advancements and global reach. Technological up-gradation cater to changing demand of end users. Similarly, growth strategies such as acquisition & merger were few techniques adopted by most of the top players in the last 5 years.

Drivers:

Reducing the price of sensors results in decreasing the structural health monitoring system cost

Restraints:

High Monitoring and Installation Costs

Opportunities:

The demand for advanced sensor technologies

Challenges:

Need for large amounts of data management and processing

Segmentation done on the basis of Offering includes Software and Hardware of which the Hardware segment is expected to hold the highest market share during the forecast period. On the other hand, segmentation done on the basis of Technological includes Wireless and Wire of which Wireless sensors segment is expected to grow at the highest CAGR during the forecast period.

Key Benefits for Stakeholders

Sensor manufacturers and distributors, raw material and manufacturing equipment suppliers,

Original equipment manufacturers (OEMs), ODM and OEM technology solution providers

Semiconductor and electronic component manufacturers and distributors

System integrators, Technology investors

By Offering

Software & Services

Hardware

By Technology

Wireless

Wire

By Industrial Vertical

Mining

Aerospace & Defense

Civil Infrastructure

Energy

Others

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

Campbell Scientific, Inc.

Xylem Inc.

Nova Metrix LLC

Acellent Technologies

GEOKON, INCORPORATED

STRUCTURAL MONITORING SYSTEMS LTD

Sixense Enterprises Inc.

Geocomp Corporation

Digitexx Data System, Inc.

COWI A/S

(Another brief information of 10 companies will be provided in the report)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

1.      Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
2.      Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
3.      To avoid bias, we filter the collected data collected from authenticated sources.
4.      GMI has a well proven Statistical Modeling System for estimates and forecasts.
5.      Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.

Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.