According to a market report by Lucintel, the future of the global structural health monitoring market looks promising with opportunities in the civil infrastructure, aerospace & defense, energy and mining markets. The global structural health monitoring market is expected to reach an estimated $4.4 billion by 2030 from $2.0 billion in 2024 at a CAGR of 13.4% from 2024 to 2030. The major drivers for this market are growing importance of automated maintenance and repair of critical infrastructures, government efforts to standardize SHM systems and improve public safety are growing, and rapid growth within the infrastructure industry.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in structural health monitoring market to 2030 by offering (hardware and software & services), technology (wired and wireless), end use (civil infrastructure, aerospace & defense, energy, mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that wired will remain the larger segment over the forecast period due to less data loss, faster speed of operation, no limit on the range of transmission and a higher system bandwidth.
Within this market, civil infrastructure will remain the largest segment due to rapid urbanization and growing need for high-quality infrastructure.
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North America is expected to witness highest growth over the forecast period due to significant market participants' presence in the biggest consumer market with the highest GDP, as well as, rise in technological advancement in the United States.
Nova Metrix, Geokon, Campbell Scientific, COWI, Geocomp, Acellent Technologies, Sixense, Pure Technologies, Structural Monitoring Systems, and Digitexx are the major suppliers in the structural health monitoring market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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