The Asia Pacific Structural Health Monitoring Market would witness market growth of 15.2% CAGR during the forecast period (2021-2027).
Nowadays, safety concerns about engineering structures and essential infrastructure are an inescapable issue, since damage to the latter has a large financial impact on both live people and property. As a result, worries for damage protection are one of the primary drivers driving the structural health monitoring market's revenue. The decrease in the cost critical to the maintenance of engineering structures, as well as the protection of life and property, are some of the significant drivers driving the entire structural health monitoring market.
Bridges, water, wind energy plants, gas, and oil pipelines, oil rigs, tunnels, pavements, tracks, and other structures, as well as ships, aircraft, trains, and other vehicles, are all exposed to internal and external elements that might cause wear and malfunction. This can occur as a result of degradation, an erroneous building procedure, a lack of quality control, or a severe circumstance caused by an accident or an ecological load. The establishment of a damage detection system is critical for being able to detect such changes in the material and respond appropriately before major damage occurs. The ability to detect abnormalities in structural behavior in real time allows maintenance and repair operations to be carried out more effectively, resulting in a direct decrease in operating costs.
With the onset of globalization, APAC countries are investing heavily in the public sector, while other nations like China have been financing the country. The spending capacity of emerging countries would improve as a result of these funds, which will contribute to the overall growth of the worldwide structural health monitoring market throughout the projected period through different infrastructure projects. A new infrastructure must include structural health monitoring since it can assure the structure's safety by monitoring aspects such as damage detection, fracture detection, impact monitoring and corrosion monitoring. These variables aid in early issue discovery and lower repair and maintenance expenses.
The structural health monitoring market is growing due to rapidly ageing infrastructure and rising population in these regions. Furthermore, as awareness of the benefits of SHM has grown in the Asia-Pacific area, several governments have expanded their attention on the topic of structural health monitoring.
The China market dominated the Asia Pacific Structural Health Monitoring Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $356.2 million by 2027. The Japan market is anticipated to grow at a CAGR of 14.5% during (2021 - 2027). Additionally, The India market would expect a CAGR of 16% during (2021 - 2027).
Based on Technology, the market is segmented into Wired and Wireless. Based on End Use, the market is segmented into Civil Infrastructure, Aerospace & Defense, Energy, Mining, and Others. Based on Offering, the market is segmented into Hardware and Software & Services. Based on Hardware Type, the market is segmented into Sensors, Data Acquisition Systems (DAS) & Communication Systems and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Structural Health Monitoring Market is Projected to reach USD 3.8 Billion by 2027, at a CAGR of 13.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Acellent Technologies, Inc., Sixense, Nova Ventures Group Corp., Structural Monitoring System Plc., Digitexx Data Systems, Inc., SGS S.A, Campbell Scientific, Inc., COWI A/S, GEOKON, and Geocomp Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Technology
By End Use
- Civil Infrastructure
- Aerospace & Defense
- Energy
- Mining, and
- Others
By Offering
- Hardware and
- Software & Services
By Hardware Type
- Sensors
- Data Acquisition Systems (DAS) & Communication Systems
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Acellent Technologies, Inc.
- Sixense
- Nova Ventures Group Corp.
- Structural Monitoring System Plc.
- Digitexx Data Systems, Inc.
- SGS S.A.
- Campbell Scientific, Inc.
- COWI A/S
- GEOKON
- Geocomp Corporation
TABLE 1 Asia Pacific Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 3 Asia Pacific Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 4 Asia Pacific Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 5 Asia Pacific Wired Market by Country, 2017 - 2020, USD Million
TABLE 6 Asia Pacific Wired Market by Country, 2021 - 2027, USD Million
TABLE 7 Asia Pacific Wireless Market by Country, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Wireless Market by Country, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Civil Infrastructure Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Civil Infrastructure Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Aerospace & Defense Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Aerospace & Defense Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Energy Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Energy Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Mining Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Mining Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Other End Use Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Other End Use Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Hardware Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Hardware Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Hardware Market by Type, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Hardware Market by Type, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Sensors Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Sensors Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Data Acquisition Systems (DAS) & Communication Systems Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Data Acquisition Systems (DAS) & Communication Systems Market by Country, 2021 - 2027, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2017 - 2020, USD Million
TABLE 32 Asia Pacific Others Market by Country, 2021 - 2027, USD Million
TABLE 33 Asia Pacific Software & Services Market by Country, 2017 - 2020, USD Million
TABLE 34 Asia Pacific Software & Services Market by Country, 2021 - 2027, USD Million
TABLE 35 Asia Pacific Structural Health Monitoring Market by Country, 2017 - 2020, USD Million
TABLE 36 Asia Pacific Structural Health Monitoring Market by Country, 2021 - 2027, USD Million
TABLE 37 China Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 38 China Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 39 China Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 40 China Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 41 China Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 42 China Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 43 China Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 44 China Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 45 China Hardware Market by Type, 2017 - 2020, USD Million
TABLE 46 China Hardware Market by Type, 2021 - 2027, USD Million
TABLE 47 Japan Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 48 Japan Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 49 Japan Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 50 Japan Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 51 Japan Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 52 Japan Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 53 Japan Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 54 Japan Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 55 Japan Hardware Market by Type, 2017 - 2020, USD Million
TABLE 56 Japan Hardware Market by Type, 2021 - 2027, USD Million
TABLE 57 India Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 58 India Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 59 India Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 60 India Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 61 India Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 62 India Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 63 India Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 64 India Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 65 India Hardware Market by Type, 2017 - 2020, USD Million
TABLE 66 India Hardware Market by Type, 2021 - 2027, USD Million
TABLE 67 South Korea Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 68 South Korea Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 69 South Korea Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 70 South Korea Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 71 South Korea Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 72 South Korea Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 73 South Korea Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 74 South Korea Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 75 South Korea Hardware Market by Type, 2017 - 2020, USD Million
TABLE 76 South Korea Hardware Market by Type, 2021 - 2027, USD Million
TABLE 77 Singapore Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 78 Singapore Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 79 Singapore Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 80 Singapore Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 81 Singapore Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 82 Singapore Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 83 Singapore Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 84 Singapore Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 85 Singapore Hardware Market by Type, 2017 - 2020, USD Million
TABLE 86 Singapore Hardware Market by Type, 2021 - 2027, USD Million
TABLE 87 Malaysia Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 88 Malaysia Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 89 Malaysia Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 90 Malaysia Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 91 Malaysia Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 92 Malaysia Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 93 Malaysia Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 94 Malaysia Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 95 Malaysia Hardware Market by Type, 2017 - 2020, USD Million
TABLE 96 Malaysia Hardware Market by Type, 2021 - 2027, USD Million
TABLE 97 Rest of Asia Pacific Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 98 Rest of Asia Pacific Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 99 Rest of Asia Pacific Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 100 Rest of Asia Pacific Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 101 Rest of Asia Pacific Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 102 Rest of Asia Pacific Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 103 Rest of Asia Pacific Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 104 Rest of Asia Pacific Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 105 Rest of Asia Pacific Hardware Market by Type, 2017 - 2020, USD Million
TABLE 106 Rest of Asia Pacific Hardware Market by Type, 2021 - 2027, USD Million
TABLE 107 Key information – Acellent Technologies, Inc.
TABLE 108 Key information – Sixense
TABLE 109 Key information – Nova Ventures Group Corp.
TABLE 110 Key information – STRUCTURAL MONITORING SYSTEMS PLC.
TABLE 111 Key information – Digitexx Data Systems, Inc.
TABLE 112 Key Information – SGS S.A.
TABLE 113 key information – Campbell Scientific, Inc.
TABLE 114 Key Information – COWI A/S
TABLE 115 Key Information – GEOKON
TABLE 116 Key Information – Geocomp Corporation
List of Figures
FIG 1 Methodology for the research