Pune, India -- (SBWire) -- 03/01/2018 --Our analysts forecast the Global Structural Health Monitoring Market to grow at a CAGR of +24% over the period 2017-2022.
Structural Health Monitoring (SHM) is defined as the use of in-situ, non-destructive sensing and analysis of structural characteristics in order to identify if a damage has occurred at a particular location and estimate its severity & evaluate consequences. The factors that propel the growth of the global Structural Health Monitoring market size include rapid infrastructural development all over the world, rising government initiatives for public safety, and also extensive range of disposal of sensors that are available in low price. On the other hand, there are also factors that hamper the growth of the market such as difficulty in installing structural health monitoring solutions for huge structures along with a shortage of skilled professionals.
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The structural health monitoring market growth 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 this market. However, high implementation cost and challenges pertaining to data normalization restrain this market growth.
Key Players Profiled in this Report: COWI A/S, Digitexx Data Systems, Inc., Wiss, Janney, Elstner Associates, Inc., ACELLENT TECHNOLOGIES, INC., National Instruments Corporation, ATKINS, Kinemetrics, Nova Metrix LLC, CTL Group, OSMOS Group, First Sensor.
Regions Covered:
United States, North America, China, Europe, Japan, Southeast Asia and India.
Increase in online transactions frauds, card related frauds and insurance claim frauds are the prime elements which are driving growth rates in banking and financial services, insurance, and retail sectors. According to the study, authentication would remain major revenue generating pocket, however, Structural Health Monitoring would be rising at a higher growth rate. High development rate in SMEs will drive the growth rates in Asia-Pacific followed by Latin America.
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After studying key companies, the report focuses on the startups contributing towards the growth of the market. Possible mergers and acquisitions among the startups and key organizations are identified by the report's authors in the study. Most companies in the Structural Health Monitoring market are currently engaged in adopting new technologies, strategies, product developments, expansions, and long-term contracts to maintain their dominance in the this market.
A key portion of the report has been devoted in discussing the segmentation of the global market. By various standards, the report segments the market and studies them individually, providing information such as the most prominent segment, sluggishly growing segment and sub segment of this market. The income and growth projections for each of these segments are also given.
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Table of Contents
Global Structural Health Monitoring Market Research Report
Chapter 1 Global Structural Health Monitoring Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
All the way through this report, the core dynamic factors of the market were acknowledged and the commercial partners, end users were also worked out. The business segment organization, business configurations and encounters of this market internationally are also a part of this widespread analysis.
+24 % CAGR Growth to Be Achieved by Global Structural Health Monitoring Market by 2022 According to New Research