The Europe Structural Health Monitoring Market would witness market growth of 12.7% CAGR during the forecast period (2021-2027).
SHM technology is being investigated by aerospace businesses and government organizations for detecting degradation to the space shuttle control surfaces that is disguised by heat shields. Clearly, determining the extent of damage has serious consequences for life safety. Furthermore, there seem to be currently no quantitative ways for determining whether buildings are safe to reoccupy following a major earthquake. SHM might one day give the capability to considerably reduce the uncertainty involved with post-earthquake damage estimates. The quick reoccupation of facilities, particularly those involved with manufacturing, can help to offset the economic losses caused by big earthquakes.
Almost every commercial and public sector company wants to identify harm to their products and production equipment as soon as feasible. The potential for life-safety and economic effect of this technology drives the need for these businesses to do some kind of SHM. The semiconductor manufacturing sector, for example, is implementing this technology to reduce the requirement for redundant gear in order to avoid unintended downtime in their fabrication processes. Downtime like this may cost major businesses millions of dollars each hour.
A key driving reason for the expansion in the installation of structural health monitoring systems is the high focus of governments in various nations on development and use of cutting-edge technology. The European government, for example, sponsored COST Action TU1402: Quantifying the Value of Structural Health Monitoring activities as part of its Transport and Research and Innovation Monitoring and Information System (TRIMIS) initiative. Between 2014 and 2019, the COST Action TU1402 was active, with the goal of gathering scientific data on the high value of SHM, as well as its social and industrial implications for infrastructure management and design. The impact and proof of SHM's optimum and targeted application resulted in up to a 90% decrease in operating expense and a 90% reduction in risk through enhancing dependability, robustness, and safety.
The Germany market dominated the Europe Structural Health Monitoring Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $226.8 million by 2027. The UK market is exhibiting CAGR of 11.8% during (2021 - 2027). Additionally, The France market would witness a CAGR of 13.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Structural Health Monitoring Market Size will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 2 Europe Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 3 Europe Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 4 Europe Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 5 Europe Wired Market by Country, 2017 - 2020, USD Million
TABLE 6 Europe Wired Market by Country, 2021 - 2027, USD Million
TABLE 7 Europe Wireless Market by Country, 2017 - 2020, USD Million
TABLE 8 Europe Wireless Market by Country, 2021 - 2027, USD Million
TABLE 9 Europe Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 10 Europe Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 11 Europe Civil Infrastructure Market by Country, 2017 - 2020, USD Million
TABLE 12 Europe Civil Infrastructure Market by Country, 2021 - 2027, USD Million
TABLE 13 Europe Aerospace & Defense Market by Country, 2017 - 2020, USD Million
TABLE 14 Europe Aerospace & Defense Market by Country, 2021 - 2027, USD Million
TABLE 15 Europe Energy Market by Country, 2017 - 2020, USD Million
TABLE 16 Europe Energy Market by Country, 2021 - 2027, USD Million
TABLE 17 Europe Mining Market by Country, 2017 - 2020, USD Million
TABLE 18 Europe Mining Market by Country, 2021 - 2027, USD Million
TABLE 19 Europe Other End Use Market by Country, 2017 - 2020, USD Million
TABLE 20 Europe Other End Use Market by Country, 2021 - 2027, USD Million
TABLE 21 Europe Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 22 Europe Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 23 Europe Hardware Market by Country, 2017 - 2020, USD Million
TABLE 24 Europe Hardware Market by Country, 2021 - 2027, USD Million
TABLE 25 Europe Hardware Market by Type, 2017 - 2020, USD Million
TABLE 26 Europe Hardware Market by Type, 2021 - 2027, USD Million
TABLE 27 Europe Sensors Market by Country, 2017 - 2020, USD Million
TABLE 28 Europe Sensors Market by Country, 2021 - 2027, USD Million
TABLE 29 Europe Data Acquisition Systems (DAS) & Communication Systems Market by Country, 2017 - 2020, USD Million
TABLE 30 Europe Data Acquisition Systems (DAS) & Communication Systems Market by Country, 2021 - 2027, USD Million
TABLE 31 Europe Others Market by Country, 2017 - 2020, USD Million
TABLE 32 Europe Others Market by Country, 2021 - 2027, USD Million
TABLE 33 Europe Software & Services Market by Country, 2017 - 2020, USD Million
TABLE 34 Europe Software & Services Market by Country, 2021 - 2027, USD Million
TABLE 35 Europe Structural Health Monitoring Market by Country, 2017 - 2020, USD Million
TABLE 36 Europe Structural Health Monitoring Market by Country, 2021 - 2027, USD Million
TABLE 37 Germany Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 38 Germany Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 39 Germany Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 40 Germany Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 41 Germany Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 42 Germany Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 43 Germany Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 44 Germany Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 45 Germany Hardware Market by Type, 2017 - 2020, USD Million
TABLE 46 Germany Hardware Market by Type, 2021 - 2027, USD Million
TABLE 47 UK Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 48 UK Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 49 UK Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 50 UK Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 51 UK Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 52 UK Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 53 UK Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 54 UK Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 55 UK Hardware Market by Type, 2017 - 2020, USD Million
TABLE 56 UK Hardware Market by Type, 2021 - 2027, USD Million
TABLE 57 France Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 58 France Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 59 France Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 60 France Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 61 France Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 62 France Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 63 France Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 64 France Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 65 France Hardware Market by Type, 2017 - 2020, USD Million
TABLE 66 France Hardware Market by Type, 2021 - 2027, USD Million
TABLE 67 Russia Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 68 Russia Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 69 Russia Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 70 Russia Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 71 Russia Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 72 Russia Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 73 Russia Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 74 Russia Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 75 Russia Hardware Market by Type, 2017 - 2020, USD Million
TABLE 76 Russia Hardware Market by Type, 2021 - 2027, USD Million
TABLE 77 Spain Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 78 Spain Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 79 Spain Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 80 Spain Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 81 Spain Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 82 Spain Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 83 Spain Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 84 Spain Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 85 Spain Hardware Market by Type, 2017 - 2020, USD Million
TABLE 86 Spain Hardware Market by Type, 2021 - 2027, USD Million
TABLE 87 Italy Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 88 Italy Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 89 Italy Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 90 Italy Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 91 Italy Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 92 Italy Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 93 Italy Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 94 Italy Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 95 Italy Hardware Market by Type, 2017 - 2020, USD Million
TABLE 96 Italy Hardware Market by Type, 2021 - 2027, USD Million
TABLE 97 Rest of Europe Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 98 Rest of Europe Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 99 Rest of Europe Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 100 Rest of Europe Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 101 Rest of Europe Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 102 Rest of Europe Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 103 Rest of Europe Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 104 Rest of Europe Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 105 Rest of Europe Hardware Market by Type, 2017 - 2020, USD Million
TABLE 106 Rest of Europe 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