Structural health monitoring is the usage of non-destructive sensing and investigation of structural features, to identify damage that has occurred at a specific location and evaluate its severity and consequences. The global structural health monitoring market is growing at a significant rate, due to a disastrous breakdown of the infrastructure outcomes in loss of lives and strict government regulations. Different technologies contributed to the structural health monitoring market size. The market has witnessed a high demand for wireless structural health monitoring in the coming years due to the reduced cost of structural health monitoring and mounting demand for wireless technology.
Disastrous breakdown of the infrastructure outcomes in loss of lives and encounters high prices, aging infrastructure, high asset investments for structural health monitoring, decreasing price of sensors, strict government regulations, and advanced benefits of structural health monitoring are the primary growth drivers for structural health monitoring market.
In addition, reduction of inspection cost, mounting government initiatives for public safety, usage of innovative sensor technologies, public-private enterprises for infrastructural progress, and integration technology are the major factors driving the growth of the structural health monitoring market.
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Geographically, North America is the largest structural health monitoring market due to aging infrastructure such as tunnels, bridges, and power plants. In addition, strict government regulations, acceptance of monitoring systems in various applications, and usage of innovative sensor technologies are also up surging growth of the North American structural health monitoring market.
Moreover, Asia-Pacific is witnessed to observe the highest growth in the market due to speedy infrastructural development. In addition, implementing stringent laws and regulations for the construction and maintenance of structures, and a huge number of infrastructure construction projects are some of the factors facilitating the growth of the Asia-Pacific structural health monitoring market.
Key players in the structural health monitoring market are catering to the demand by collaborating, and acquiring with small players and investing in technologically advanced products across the globe. In June 2017, Acellent Technologies Inc collaborated with TESTIA GmbH for marketing commercialization and installation of Acellent’s structural health monitoring products. Sixense, Campbell Scientific, Acellent Technologies Inc., Geokon Incorporated, Cowi, Geocomp, and Structural Monitoring Systems plc are the key players offering structural health monitoring.