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2021

Structural Health Monitoring Market

Structural Health Monitoring Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, End User and Connectivity : Global Opportunity Analysis and Industry Forecast, 2020-2027

CM : Engineering, Equipment and Machinery

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Author's: Tanvi Pednekar| Priyanka Khandelwal | Sonia Mutreja
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The Global Structural Health Monitoring Market Size was valued at $1,674.0 million in 2019 and is projected to reach $3,815.1 million by 2027, registering a CAGR of 14.5% from 2020 to 2027. Structural health monitoring (SHM) refers to collection and analysis of data collected through a wide array of connected sensors during the service life of a structure or equipment. It is a non-destructive and continuous method of identifying and quantifying the deterioration state of the object to predict the necessity of repair and maintenance. 

Structural-Health-Monitoring-Market,-2020-2027

Over the years, structural health monitoring (SHM) technologies have emerged as an exciting new field within civil engineering. SHM has become an important tool in the design, analysis, and maintenance of modern civil engineering structures and systems. The growth of structural health monitoring market is driven by increased focus on structural health monitoring, obsolete infrastructure in Europe and North America, obsolete aircraft of domestic & international airlines, reduction of inspection costs, and frequent occurrences of natural calamities. In addition, growth in investments in infrastructure and advances in wireless sensor networks create ample opportunities for the global structural health monitoring market share. However, high implementation cost and challenges pertaining to data normalization restrain the structural health monitoring market growth.

Market Dynamics

Structural health monitoring for civil structures is gaining popularity globally in the field of construction management and maintenance. SHM reduces the inspection costs as well as research time, and enables to better understand the behavior of structures under dynamic loads, seismic protection, in real or near real-time data information. SHM of civil structures ensures better management in post-earthquake scenarios, and support rescue operations. However, the structural monitoring of static and dynamic stress of dams has gained significant attention during the years due to the negative effects of structural responses.

In addition, the actual structural responses of dams differ from the initial values computed while designing due to several environmental and other load conditions. These variations are expected to be observed depending on the type of construction, assumptions made in structural modelling, and analysis and differences in proposed design and final structure.

Further, high focus of the governments of different countries toward development and adoption of latest technologies is a major driving factor for the growth in implementation of structural health monitoring systems. For instance, under its Transport and Research and Innovation Monitoring and Information System (TRIMIS) program, the European government conducted COST Action TU1402: Quantifying the Value of Structural Health Monitoring activity. The COST Action TU1402 was active between 2014 and 2019 and was aimed at gaining scientific evidence regarding the high value of SHM as well as its societal and industrial impact for infrastructural management and design. The impact and evidence of the optimal and target use of SHM resulted in reduction of operational expenditure by up to 90% and risk reduction by propelling reliability, robustness, and safety enhancement.

Furthermore, infrastructure plays a vital role in overall development of a country. Thus, governments across the globe are spending a significant amount of money and resources for development of infrastructure projects such as roads, railways, airports and other public infrastructure. For instance, in October 2021, governments of Dubai and India collaborated to develop infrastructure such as industrial parks, IT towers, multipurpose towers, logistics centers, a medical college, and a specialized hospital in the state of Jammu & Kashmir, India.

Further, in November 2021, the U.S. government approved a $1,200,000 million infrastructure bill for infrastructure development and maintenance. It includes $110,000 million for roads, bridges, and other major infrastructure projects; $40,000 million for repair and replacement of old bridges; and $550,000 million for transportation, broadband, and utilities. Such factors are anticipated to boost the demand for structural health monitoring systems.

In addition, the rising purchasing power of masses and rapid economic growth in developing countries has fueled the global aviation industry. For instance, in 2022, Airbus SE delivered 661 commercial aircrafts to various airlines, and also received orders for 1,078 new aircrafts. Furthermore, in 2023, Air India is expected to place and order of 470 new commercial aircrafts. Structural health monitoring (SHM) typically function by utilizing non-destructive inspection principles and built-in sensors that can remotely and automatically access an aircraft’s structural health in real time and effectively predict need for maintenance. Thus, the growth of global aviation industry positively influences the structural health monitoring market growth.

Structural Health Monitoring Market
By Component
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Services segment is projected to grow at a significant CAGR

The global structural health monitoring market is segmented on the basis of component, end user, connectivity, and region. Based on component, the structural health monitoring market is fragmented into hardware, software, and services. According to end user, the global structural health monitoring market is categorized into civil, aerospace, defense, mining, energy, and others. By connectivity, the market is classified into wired and wireless. Region wise, the structural health monitoring market has been analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). 

Structural Health Monitoring Market
By Connectivity
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Wireless segment is projected to grow at a significant CAGR

Competition Analysis

The key players profiled in this report include National Instruments Corporation, Advitam Inc., Digitexx Data Systems, Inc. Acellent Technologies, Inc., Nova Metrix LLC, COWI A/S, Geocomp Corporation, Hottinger Baldwin Messtechnik GmbH, Strainstall UK Limited, and Kinemetrics Inc.

Structural Health Monitoring Market
By End User
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Civil segment holds dominant position in 2019

The key players in this market adopted product launch, partnership, and expansion as their key strategies to meet the change in consumer demands. For instance, Strainstall UK Limited launched a new load shackles to monitor solutions for Marine Energy’s PLAT_I tidal energy project in the U.S. The project aimed to provide better understanding about the effect of extreme conditions for turbines.

Structural Health Monitoring Market
By Region
2027
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2019 and LAMEA is expected to grow at a highest rate during the forecast period.

Key Benefits For Stakeholders 

  • The report provides an extensive analysis of the current and emerging structural health monitoring market trends and dynamics.  
  • In-depth market analysis is conducted by structural health monitoring market estimations for the key market segments between 2019 and 2027. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global structural health monitoring market forecast analysis from 2020 to 2027 is included in the report.
  • The key market players within the structural health monitoring market analysis are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market.

Global Structural Health Monitoring Market Segments

By Component

  • Hardware
  • Software
  • Services

By Connectivity

  • Wired
  • Wireless

By End User

  • Civil
  • Aerospace
  • Defense
  • Energy
  • Mining 
  • Others

Structural Health Monitoring Market Report Highlights

Aspects Details
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By COMPONENT
  • Hardware
  • Software
  • Services
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By CONNECTIVITY
  • Wired
  • Wireless
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By END USER
  • Civil
  • Aerospace
  • Defense
  • Energy
  • Mining
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

JAMES FISHER AND SONS PLC. (STRAINSTALL UK LIMITED), SPECTRIS PLC. (HOTTINGER BALDWIN MESSTECHNIK GMBH), KINEMETRICS INC., GEOCOMP CORPORATION, NATIONAL INSTRUMENTS CORPORATION, COWI A/S, SIXENSE SYSTEMS (ADVITAM INC.), DIGITEXX DATA SYSTEMS INC., NOVA VENTURES GROUP CORP. (NOVA METRIX LLC), ACELLENT TECHNOLOGIES, INC.

Analyst Review

The global structural health monitoring market has a significant scope in developed countries such as the U.S., Japan, the UK, Germany, and others. The aging public infrastructure such as bridges, highways, water & wastewater pipelines, and others have been deteriorated and require continuous inspection to avoid sudden failures. Poor planning and outdated inspection methods have accounted for tremendous human and property losses across many developed and developing countries, globally. This has led to the development and careful consideration in deploying proactive monitoring systems that would enhance the lifecycle of the structure.

Moreover, structural health monitoring (SHM) offers short and long-term solutions regarding the health and operations of the structure or equipment. However, it is still not prevalent in various developing nations owing to the lack of awareness and unavailability of skilled personnel for conducting the SHM operations and data collection. With the reduction in prices of sensors, and development in new technologies for data collection and analysis, the use of SHM can be normalized, which is anticipated to boost the growth of the structural health monitoring market.  

The key players in this market adopted product launch, partnership, and expansion as their key strategies to meet the change in consumer demands. For instance, Strainstall UK Limited launched a new load shackles to monitor solutions for Marine Energy’s PLAT_I tidal energy project in the U.S. The project aimed to provide better understanding about the effect of extreme conditions for turbines.

Author Name(s) : Tanvi Pednekar| Priyanka Khandelwal | Sonia Mutreja
Frequently Asked Questions?

The global structural health monitoring market size was $1,674.0 million in 2019 and is projected to reach $3,815.1 million in 2027, growing at a CAGR of 14.5% from 2020 to 2027.

The forecast period considered for the global structural health monitoring market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.

The base year considered in the global structural health monitoring market is 2019.

No, the report does not provide Value Chain Analysis for the global structural health monitoring market. However, it provides key player positioning analysis for the top players in the structural health monitoring market.

On the basis of component, the hardware segment is expected to be the most influencing segment growing in the global structural health monitoring market report.

Based on the connectivity, in 2019, the wired segment generated the highest revenue, accounting for 56.2% of the market and is projected to grow at a CAGR of 14.0% from 2020 to 2027.

The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically covers company overview, geographical presence, and market dominance (in terms of revenue and volume sales).

The market value of global structural health monitoring market is $1,481.5 million in 2020. The decline is mainly due to the COVID-19 pandemic and the contraction of international supply chains. COVID Banner Statement: The COVID-19 pandemic has negatively affected the global structural health monitoring market mainly due to the halt in international trade, prolonged lockdowns, and hindrances in construction and maintenance activities, globally.

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Structural Health Monitoring Market

Global Opportunity Analysis and Industry Forecast, 2020-2027