Structural Health Monitoring Market with COVID-19 Impact by Technology (Wired, Wireless), Offering (Sensors, Data Acquisition Systems, and Software & Services), Vertical (Civil Infrastructure, Energy, Aerospace), and Geography – Global Forecast to 2025

2020-09-02
Price :
Published : Sep-2020
No. of Pages : 217

“The structural health monitoring market is estimated to grow from USD 1.5 billion in 2020 to USD 2.9 billion by 2025, at a CAGR of 14.1% between 2020 and 2025.”

The structural health monitoring market is estimated to grow from USD 1.5 billion in 2020 to USD 2.9 billion by 2025, at a CAGR of 14.1% between 2020 and 2025.The major drivers for the market growth are automation and standardization in maintenance & repair of civil infrastructure in the post-COVID-19 period, loss of lives and capital due to catastrophic failure of infrastructure in recent years, increasing capital investments in structural health monitoring across various countries worldwide, stringent government regulations pertaining to the sustainability of structures, aging infrastructure and superior benefits associated with structural health monitoring, and declining cost of structural health monitoring systems.

“Wireless structural health monitoring technology expected to grow at highest CAGR between 2020 and 2025”

The market for wireless structural health monitoring systems is expected to grow at the highest CAGR during the forecast period. Wireless sensors used in the structural health monitoring system are autonomous data acquisition nodes to which traditional structural sensors, such as strain gauges, accelerometers, linear voltage displacement transducers, and inclinometers, could be attached. A wireless sensor network provides numerous advantages over the wired sensor network in terms of deployment, management, and cost. Wireless sensors could be used to identify the defects within bridges, buildings, dams, tunnels, aeronautics, and wind energy solutions.

“The aerospace &defense vertical is most impacted sector during COVID-19 in 2020 however expected to grow at the highest rate as compared to other verticals during the forecast period.

The monitoring system, which is equipped with various sensors, provides a detailed picture of the condition of an aircraft. Monitoring systems monitor and analyze the integrity of structures and capture aircraft component positioning feedback through continuously monitoring various parameters such as strain, temperature, stress, and loads. A large number of aircraft remain in service beyond their actual operational life. Aging aircraft are subject to cracks because of fatigue and corrosive environment. With the help of structural health monitoring, it is easy to determine if any structural damage has occurred, the timing of occurrence, and the place of damage. On the basis of such critical data, decisions regarding the structures are made.

“Structural health monitoring market in APAC expected to grow at the high estrate between 2020 and 2025”

The structural health monitoring market in Asia Pacific (APAC) is expected to grow at the highest CAGR between 2020 and 2025. This growth can be attributed to the rapid infrastructure building activities being undertaken in APAC, mainly China, India, and Japan, where structural health monitoring paves the way for the modernization of infrastructure. The massive expansion of the civil infrastructure is another reason for the higher growth of structural health monitoring technology in the region. The wireless structural health monitoring technology is also expected to witness a high growth rate owing to the increasing adoption of smart sensors with remote monitoring capabilities, thereby reducing human intervention and costs.

The breakup of primaries conducted during the study is depicted below:

  • By Company Type: Tier 1 – 35 %, Tier 2 – 40%, and Tier 3 –25%
  • By Designation: C-Level Executives – 57%, Directors – 29%, and Others – 14%
  • By Region: Americas– 40%, Europe – 30%, APAC – 20%, and RoW – 10%

Research Coverage

The report segments the structural health monitoring market and forecasts its size, by volume and value, based on region (Americas, Europe, Asia Pacific, and RoW), offering  (hardware, and software &services), technology  (wired, wireless), and vertical (civil infrastructure, energy, aerospace & defence, metals & mining, and others )

The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the structural health monitoring market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying This Report

  • This report includes the market statistics pertaining to offering, technology, verticals, and region.
  • An in-depth value chain analysis has been done to provide deep insight into the structural health monitoring market.
  • Major market drivers, restraints, challenges, and opportunities have been detailed in this report.
  • Market development: Comprehensive information about lucrative emerging markets and analysis of the structural health monitoring market across regions
  • Market diversification: Exhaustive information about new products, untapped geographic regions, and recent developments in the overall structural health monitoring market
  • Competitive assessment: In-depth assessment of ranking, strategies, products of the leading players in the structural health monitoring market
  • The report includes an in-depth analysis and market share of key players.
Filed in: Semiconductor & Electronics
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

VSaaS Market with COVID-19 Impact by Type (Hosted, Managed, and Hybrid), Vertical (Commercial, Infrastructure, Residential, Public Facilities, Military & Defense, and Industrial) and Region-Global Forecast to 2025

“Low cost of investment and flexible scalability offered by VSaaS technology is set to drive the market.” The VSaaS market is expected to be valued at USD 2.2 billion in 2020 and is projected to reach USD 4.7 billion by 2025; it is expected to grow at a CAGR of 16.0% from 2020 to 2025. The market has a promising growth potential due to several factors, including the integration of VSaaS with access control and alarm systems, increased penetration of smart devices, and the rise in demand for VSaaS across retail and commercial verticals owing to COVID-19. Privacy and security concerns regarding data usage is expected to restrain the growth of the market. Moreover,  the lack of awareness about the benefits of VSaaS is expected to be a prime challenge for the market players. Alth......
$4950

Non-dispersive Infrared (NDIR) Market with COVID-19 Impact Analysis by Gas Type (Carbon dioxide, hydrocarbons), Application (Monitoring, HVAC, Detection and Analysis), Vertical (Industrial & Manufacturing, Oil & Gas), and Region – Global Forecast to 2025

“Increasing demand for NDIR CO2 sensors in the food processing & storage industry and growing focus on worker safety across industries to drive the growth of NDIR market.” The NDIR market is projected to grow from USD 379 million in 2020 to USD 535 million by 2025, recording a CAGR of 7.2% between 2020 and 2025. Major factors driving the growth of the NDIR market include increasing demand for NDIR CO2 sensors in the food processing & storage industry and growing focus on worker safety across industries. “Based on gas type, hydrocarbons segment held the second-largest share of the NDIR market in 2019” In 2019, hydrocarbons segment held the second-largest share of the NDIR market. The growth can be attributed to the rising demand for hydrocarbon sensors, which are hi......
$5650

Top Robotics Market with COVID-19 Impact Analysis by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) – Global Forecast to 2025

“The top robotics market is projected to grow at a CAGR of 18.2% during 2020–2025” The top robotics market is expected to grow from USD 76.6 billion in 2020 and is projected to reach USD 176.8 billion by 2025; it is expected to grow at a CAGR of 18.2% during the forecast period. Manufacturing industries are expected to face a workforce shortage within the next few years. Due to the anticipated shortage of skilled labor in manufacturing industries, increasing automation using industrial robots to counter the skill gap is one of the solutions adopted by companies. Service robots are increasingly being adopted for new applications due to various advantages such as increased productivity, streamlined processes, and more excellent workplace safety. The main advantage of using service r......
$4950

Modular Uninterruptible Power Supply (UPS) Market by Component (Solutions (50kVA & below, 51-100 kVA, 101-250 kVA, 251-500 kVA) and Services (Consulting, Integration & Implementation)), Enterprise Size, Vertical, and Region – Global Forecast to 2025

Increasing demand for zero power downtime and growing need for scalable and redundant power systems to drive the Modular UPS market The global modular UPS market size is expected to grow from USD 3.7 billion in 2020 to USD 6.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.0% during the forecast period. The major factors driving the growth of the Modular UPS industry include the increasing demand for zero power downtime from various sectors, growing need for scalable and redundant power systems, and demand for hyperscale data centers, cloud usage, and large colocation facilities. 101–250 kVA segment to grow at the highest CAGR during the forecast period Modular UPS solutions with the power capacity of 101–250 kVA help users achieve optimal efficiency and usabil......
$4950

Smart Robots Market with COVID-19 Impact Analysis by Component (Sensors, Actuators, Control Systems), Type, Operating Environment, Mobility, Application (Domestic, Field/Agricultural, Public Relations, Industrial), and Region – Global Forecast to 2025

“Smart robots market is projected to grow at CAGR of 30.5% during 2020–2025.” The global smart robots market is expected to grow from USD 6.1 billion in 2020 to USD 23.0 billion by 2025; it is expected to grow at a CAGR of 30.5% during the forecast period. Rising integration of IoT in robots for cost-efficient predictive maintenance. Predictive maintenance is forecasting potential issues before they happen. An IoT-based solution allows storing terabytes of data and running machine learning algorithms on several computers parallel to forecast potential hazards and pinpoint when industrial equipment are likely to fail, thereby assisting in predictive maintenance. Robots are increasingly being adopted for new applications due to various advantages such as increased productivity, s......
$4950

Magnetic Refrigeration Market by Product ((Refrigeration Systems (Beverage Cooler, Cabinet Display, Refrigerator), Air Conditioning Systems)), Application (Domestic, Commercial, Transportation, and Industrial), and Geography – Global Forecast to 2027

“Compact design and high energy efficiency of magnetic refrigeration technology is set to drive the market.” The magnetic refrigeration market is expected to be commercialized by 2022 at USD 4 million, and it is expected to grow at a CAGR of 105.4 % from 2022 to 2027 to reach USD 165 million by 2027.One of the advantages of the magnetic refrigeration system is the compactness where solid substances are used as working materials and thus do not occupy a prominent place. This also reduces maintenance costs to a great extent and ensures smooth functioning. Secondly, magnetic refrigeration has higher energy efficiency than conventional refrigerators—the attainable efficiency of the former is in the range of 30–60% while that of the latter, according to a Carnot cycle, is only 5–10......
$4950

Photovoltaic Market with COVID-19 Impact, by Component (Modules, Inverters), Material (Silicon, Compounds), Installation Type (Ground Mounted, BIPV), Application (Residential, Commercial & Industrial, Utilities) and Region – Global Forecast to 2025

“Decreasing cost of PV systems and energy storage devices set to drive the photovoltaic market” The global photovoltaic market size is expected to grow from USD 76.6 billion in 2020 to USD 113.1 billion by 2025, at a CAGR of 8.1%. The market has a promising growth potential due to several factors, including supportive government policies and initiatives, increasing demand for PV systems for residential applications, and decreasing cost of PV systems and energy storage devices. The major factor restraining the growth of the photovoltaic market is the lack of a skilled workforce for PV installation and maintenance. PV installation requires a spectrum of skilled workers, ranging from Ph.D. level scholars in R&D to technicians requiring specialized training and certification to a......
$4950

Cryocooler Market with COVID-19 Impact and Analysis by Type (GM, PT, JT, Stirling, Brayton), Offering (Hardware, Services), Heat Exchanger (Recuperative, Regenerative) Operating Cycle (Open,Closed loop), Application, and Geography – Global Forecast to 2025

Increasing adoption of cryocoolers in semiconductor industry, superconducting magnets, and power systems The cryocooler market is estimated to be worth USD 2.3 billion in 2020 and is projected to reach USD 3.1 billion by 2025, at a CAGR of 6.0%. The cryocooler market has a promising growth potential owing to several factors such as  surging adoption of cryocoolers in MRI, NMR equipment, and proton therapy in healthcare sector, high rate of depletion of helium, growing demand for liquefied natural gas and increasing adoption of cryocoolers in semiconductor industry, superconducting magnets, and power systems. The cryocooler market is at a promising stage and is expected to see a strong growth during the forecast period. High technology applications such as semiconductors, hard disk d......
$4950

Motion Control Market with COVID-19 Impact by Component (Actuators & Mechanical systems, Motors, Motion Controllers, Drives, Sensor & Feedback Devices, Software & Services), System (Open Loop, Closed Loop), Industry, and Region – Global Forecast to 2025

“Motion control market to grow at CAGR of 2.5% from 2020 to 2025” The global motion control market size is expected to grow from USD 14.9 billion in 2020 to USD 16.5 billion by 2025, at a CAGR of 2.5%. The growth of this market is mainly driven by high adoption of advanced and automated processes in the manufacturing sector, growth in the adoption of automation in manufacturing facilities to secure employee health & safety in the COVID-19 crisis, safety-enabled productivity in industries due to stringent safety rules imposed by governments, increasing demand for industrial robots in manufacturing processes, ease of use and integration of IIoT with motion control systems are the key factors driving the growth of the motion control market. "Closed-loop system to grow at highe......
$4950

Emission Monitoring System (EMS) Market with COVID-19 Impact Analysis, by System Type (CEMS, PEMS), Offering (Hardware, Software, Services), Industry (Power Generation, Oil & Gas, Chemicals, Petrochemicals), and Region – Global Forecast to 2025

“The EMS market is projected to grow at a significant rate from 2020 to 2025.” The EMS market is projected to grow from USD 2.6 billion in 2020 to USD 3.5 billion by 2025; it is expected to grow at a CAGR of 6.0% from 2020 to 2025. The growth of the EMS market is driven by high dependency of countries worldwide on coal-fired power plants to generate electricity, stringent emission norms and standards enforced by North American and European governments, and increased need for environmental protection. Moreover, growing number for coal fired power generation plants in APAC is likely to fuel the growth of the market. COVID-19 has emerged as a global pandemic that has spread across 215 countries worldwide and disrupted various industries around the world. The prominent players across......
$4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy