The North America Structural Health Monitoring Market would witness market growth of 12.0% CAGR during the forecast period (2021-2027).
In a service life of a structure or piece of equipment, structural health monitoring (SHM) relates to the collecting and analysis of data generated by a variety of linked sensors. It is a continual, non-destructive way of recognizing and measuring the state of degradation of an object in order to foresee the need for repair and maintenance. During the projection period, structural health monitoring hardware will have the biggest market share. Hardware components are critical in determining the physical properties of structures that are being monitored, such as stress, fractures, vibration, temperature, and alignment. The information obtained from hardware components allows technicians to take preventative or remedial action to guarantee that constructions are safe. In recent years, an increase in the incidence of structural failures has resulted in a surge in popularity for structural health monitoring systems, which has fueled market growth for hardware products.
Furthermore, increased infrastructure expenditures and advancements in wireless sensor networks have significant potential for the worldwide structural health monitoring market. Nevertheless, the structural health monitoring market's growth is hampered by high implementation costs and data normalization issues.
As per the Federal Highway Administration (FHWA), more than 30.0 percent of buildings in the United States, including bridges and dams, have exceeded their 50-year design life. As a result, these systems must be installed in order to increase structural longevity and public safety. Such elements are expected to boost the regional market's growth. The growing usage of monitoring systems in the United States is driving market expansion in the area.
Governments across North America are taking steps to implement monitoring systems in a variety of applications in order to maintain public safety. Furthermore, the market in these nations is being driven by the construction of infrastructural facilities in Canada.
The US market dominated the North America Structural Health Monitoring Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $949.7 million by 2027. The Canada market is poised to grow at a CAGR of 14.5% during (2021 - 2027). Additionally, The Mexico market would experience 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Structural Health Monitoring Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Structural Health Monitoring Market, by Technology
1.4.2 North America Structural Health Monitoring Market, by End Use
1.4.3 North America Structural Health Monitoring Market, by Offering
1.4.4 North America Structural Health Monitoring Market, by Hardware Type
1.4.5 North America Structural Health Monitoring Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Structural Health Monitoring Market by Technology
3.1 North America Wired Market by Country
3.2 North America Wireless Market by Country
Chapter 4. North America Structural Health Monitoring Market by End Use
4.1 North America Civil Infrastructure Market by Country
4.2 North America Aerospace & Defense Market by Country
4.3 North America Energy Market by Country
4.4 North America Mining Market by Country
4.5 North America Other End Use Market by Country
Chapter 5. North America Structural Health Monitoring Market by Offering
5.1 North America Hardware Market by Country
5.2 North America Hardware Market by Type
5.2.1 North America Sensors Market by Country
5.2.2 North America Data Acquisition Systems (DAS) & Communication Systems Market by Country
5.2.3 North America Others Market by Country
5.3 North America Software & Services Market by Country
Chapter 6. North America Structural Health Monitoring Market by Country
6.1 US Structural Health Monitoring Market
6.1.1 US Structural Health Monitoring Market by Technology
6.1.2 US Structural Health Monitoring Market by End Use
6.1.3 US Structural Health Monitoring Market by Offering
6.1.3.1 US Hardware Market by Type
6.2 Canada Structural Health Monitoring Market
6.2.1 Canada Structural Health Monitoring Market by Technology
6.2.2 Canada Structural Health Monitoring Market by End Use
6.2.3 Canada Structural Health Monitoring Market by Offering
6.2.3.1 Canada Hardware Market by Type
6.3 Mexico Structural Health Monitoring Market
6.3.1 Mexico Structural Health Monitoring Market by Technology
6.3.2 Mexico Structural Health Monitoring Market by End Use
6.3.3 Mexico Structural Health Monitoring Market by Offering
6.3.3.1 Mexico Hardware Market by Type
6.4 Rest of North America Structural Health Monitoring Market
6.4.1 Rest of North America Structural Health Monitoring Market by Technology
6.4.2 Rest of North America Structural Health Monitoring Market by End Use
6.4.3 Rest of North America Structural Health Monitoring Market by Offering
6.4.3.1 Rest of North America Hardware Market by Type
Chapter 7. Company Profiles
7.1 Acellent Technologies, Inc.
7.1.1 Company Overview
7.2 Sixense (Soletanche Freyssinet)
7.2.1 Company Overview
7.3 Nova Ventures Group Corp.
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Acquisition and Mergers:
7.4 Structural Monitoring System Plc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional & Segmental Analysis
7.4.4 Research & Development Expenses
7.5 Digitexx Data Systems, Inc.
7.5.1 Company Overview
7.6 SGS S.A.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.7 Campbell Scientific, Inc.
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.8 COWI A/S
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Recent strategies and developments:
7.8.4.1 Partnerships, Collaborations, and Agreements:
7.9 GEOKON
7.9.1 Company Overview
7.10. Geocomp Corporation
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Product Launches and Product Expansions:
TABLE 1 North America Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 2 North America Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 3 North America Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 4 North America Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 5 North America Wired Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Wired Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Wireless Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Wireless Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 10 North America Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 11 North America Civil Infrastructure Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Civil Infrastructure Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Aerospace & Defense Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Aerospace & Defense Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Energy Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Energy Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Mining Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Mining Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Other End Use Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Other End Use Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 22 North America Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 23 North America Hardware Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Hardware Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Hardware Market by Type, 2017 - 2020, USD Million
TABLE 26 North America Hardware Market by Type, 2021 - 2027, USD Million
TABLE 27 North America Sensors Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Sensors Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Data Acquisition Systems (DAS) & Communication Systems Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Data Acquisition Systems (DAS) & Communication Systems Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Software & Services Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Software & Services Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Structural Health Monitoring Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Structural Health Monitoring Market by Country, 2021 - 2027, USD Million
TABLE 37 US Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 38 US Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 39 US Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 40 US Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 41 US Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 42 US Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 43 US Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 44 US Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 45 US Hardware Market by Type, 2017 - 2020, USD Million
TABLE 46 US Hardware Market by Type, 2021 - 2027, USD Million
TABLE 47 Canada Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 48 Canada Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 49 Canada Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 50 Canada Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 51 Canada Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 52 Canada Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 53 Canada Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 54 Canada Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 55 Canada Hardware Market by Type, 2017 - 2020, USD Million
TABLE 56 Canada Hardware Market by Type, 2021 - 2027, USD Million
TABLE 57 Mexico Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 58 Mexico Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 59 Mexico Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 60 Mexico Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 61 Mexico Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 62 Mexico Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 63 Mexico Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 64 Mexico Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 65 Mexico Hardware Market by Type, 2017 - 2020, USD Million
TABLE 66 Mexico Hardware Market by Type, 2021 - 2027, USD Million
TABLE 67 Rest of North America Structural Health Monitoring Market, 2017 - 2020, USD Million
TABLE 68 Rest of North America Structural Health Monitoring Market, 2021 - 2027, USD Million
TABLE 69 Rest of North America Structural Health Monitoring Market by Technology, 2017 - 2020, USD Million
TABLE 70 Rest of North America Structural Health Monitoring Market by Technology, 2021 - 2027, USD Million
TABLE 71 Rest of North America Structural Health Monitoring Market by End Use, 2017 - 2020, USD Million
TABLE 72 Rest of North America Structural Health Monitoring Market by End Use, 2021 - 2027, USD Million
TABLE 73 Rest of North America Structural Health Monitoring Market by Offering, 2017 - 2020, USD Million
TABLE 74 Rest of North America Structural Health Monitoring Market by Offering, 2021 - 2027, USD Million
TABLE 75 Rest of North America Hardware Market by Type, 2017 - 2020, USD Million
TABLE 76 Rest of North America Hardware Market by Type, 2021 - 2027, USD Million
TABLE 77 Key information – Acellent Technologies, Inc.
TABLE 78 Key information – Sixense
TABLE 79 Key information – Nova Ventures Group Corp.
TABLE 80 Key information – STRUCTURAL MONITORING SYSTEMS PLC.
TABLE 81 Key information – Digitexx Data Systems, Inc.
TABLE 82 Key Information – SGS S.A.
TABLE 83 key information – Campbell Scientific, Inc.
TABLE 84 Key Information – COWI A/S
TABLE 85 Key Information – GEOKON
TABLE 86 Key Information – Geocomp Corporation
List of Figures
FIG 1 Methodology for the research