Global Structural Health Monitoring Market Size, Share, Growth Analysis, By Offering(Hardware, Software & services), By Technology(Wired, Wireless), By End-use(Civil Infrastructure, Aerospace & Defense), By Installation Type(New Installation, Retrofit), By Method(Visual Inspection, Non-destructive Evaluation), By Application(Damage Detection, Crack Detection) - Industry Forecast 2022-2028

Global structural health monitoring market has been segmented based on offering, technology, end use, installation type, method, application, and region. Based on offering, global structural health monitoring market is segmented into hardware, software & services. On the basis of technology, global structural health monitoring market is segmented into wired & wireless. According to end use, global structural health monitoring market is segmented into civil infrastructure, aerospace & defense, energy, mining, and others. By installation type, the market is segmented into new installation and retrofit. By method, the market is segmented into visual inspection and non-destructive evaluation. By application, the market is segmented into damage detection, crack detection, strain monitoring, wire break monitoring, leakage detection, multimodal sensing, corrosion monitoring, hotspot monitoring, impact monitoring and deflection monitoring. By region, the market is segmented into North America, Asia Pacific, Europe, Latin America, and MEA.

Analysis by Offering

The software & services segment to grow at a higher rate during forecast period. As the data is being received from the sensors by the data acquisition systems, the software starts monitoring and analyzing the structure. Software provides the visual representation of the data pertaining to the structural behavior to the monitoring team so that the team can analyze this data, and damages can be detected at the earliest to safeguard the structure from failure. With the increasing number of large infrastructure projects and frequent occurrences of structural failures, structural health monitoring systems are becoming more and more crucial. The basic approach of any structural health monitoring system is to continuously collect data about the overall condition of the structure from various installed sensors. Parameters related to loading, stress, strain, acceleration, temperature, and video signal, among others are included in this data. Furthermore, it is challenging for structural engineers to obtain, process, store, and analyze such a huge volume of data. To resolve this challenge, software platforms, customized software applications, and software algorithms are being adopted. For example, software such as MATLAB and SCADA play a crucial role in the early damage detection; they determine the damage at an early stage and facilitate necessary repair to maintain a high level of safety.

Hardware components are required to be installed in large numbers to cover structures such as buildings, dams, bridges, stadiums, and airframes. In terms of different types of hardware solutions, sensors are projected to be a more prominent revenue contributor in the market. Advancements in sensor technologies, increasing usage of smart materials, and smart structures with embedded sensors are supplementing the growth of the market.

Analysis by Technology

Wired type structural health monitoring systems to account for larger market share during the forecast period. At present, wired monitoring systems are already being used widely for the overall assessment of numerous structures such as bridges, buildings, and dams. The wired structural health monitoring system defines the communication technology between sensors, the data acquisition system (DAS), and other communication devices with the help of lead wires, co-axial cables, optical fibers, and other wired communication technologies. Wired monitoring systems offer several advantages such as reduced data attenuation, high speed of operation, no limitation on a transmission range, and high system bandwidth. The website Telegeography.com estimates there were 426 submarine cables in service around the world as of early 2021, and that 1.3 million kilometres of cables are currently in service globally. Wireless SHM systems are projected to register a notable CAGR over the forecast period. The segment has emerged as a technology that will significantly influence the field of structural monitoring and infrastructure asset management.

Analysis by End Use

Civil infrastructure to account for the largest market share during the forecast period. Many countries such as the US, the UK, Japan, Germany, Qatar, Saudi Arabia, China, and India are increasingly investing in building infrastructural facilities, such as bridges, dams, buildings, ultimately supporting economic growth. Rapid urbanization and an urgent need for high-quality infrastructure are the major factors driving the market growth for the civil infrastructure segment globally. Thus, the increasing number of civil infrastructure projects is expected to result in high demand for structural health monitoring systems to maintain and monitor the condition of each structure and avoid catastrophic failures. The U.S. Department of Transportation (DOT), more than 61,000 bridges across the country were structurally deficient, which needed significant monitoring and inspection for maintenance and repair work. Similarly, in other regions, growing number of functionally obsolete and structurally deficient bridges is creating significant demand for structural health monitoring systems for monitoring and inspection of bridges. Building & stadiums are poised to witness a noteworthy CAGR of 17.8% over the forecast period. Rising number of sporting events such as FIFA World Cup and Olympics are creating demand for infrastructure including stadiums. Furthermore, governments are also promoting the use of these systems as they increase security of the infrastructure.

The Asia Pacific market is expected to account for largest revenue share during the forecast period. The Asia Pacific market accounted for largest revenue share in 2021 owing to rapid growth in the construction industry in India, China, Thailand, and Vietnam. An increase in urbanization in countries of the region has led to significant growth of the infrastructure sector in the region. In China, Special-Purpose Bonds (SPBs) are being issued by government for local governments to fund infrastructure projects and about 50% of total fund was used for municipal administration, transport, infrastructure, and industrial park infrastructure sectors. In addition, 30% of total expenditure was spent on social projects such as affordable housing, health, and sanitation, and others. Similarly, in March 2021, India passed a bill to set up National Bank for Financing Infrastructure and Development (NaBFID) to fund infrastructure projects in the country. Additionally, Ministry of Road Transport and Highways has created Indian Bridge Management System (IBMS), which is an inventory of all bridges in the country and rates their structural condition. It will help the government to monitor and conduct timely repair and rehabilitation work based on criticality of structure. This is expected to increase demand for structural health monitoring systems in civil infrastructure and hence drive revenue growth of the market in the region.

The North America market is expected to register a robust revenue growth rate during the forecast period. This is due to growing vigilance on existing civil infrastructure to prevent accidents as well as rapid advancements in sensing technology.

The Europe market is expected to register a steady revenue growth rate during the forecast period owing to increasing content contribution in Research & Development (R&D) along with growing government initiatives in adopting SHM systems. In 2020, the Italian Ministry of Infrastructures and Transport approved new guidelines for risk assessment, classification, safety evaluation, and monitoring of bridges and highlighted role of SHM and Bridge Management Systems (BMSs). The European Union developed Structural Assessment, Monitoring, and Control (SAMCO) association for infrastructure maintenance and prevention.

Drivers

• High Availability of Low-Cost Sensors to Propel the Global Structural Health Monitoring Market Growth

In the recent past, the cost and size of various sensors such as temperature, vibration, and load have reduced significantly. This is owing to rampant advancements in technology in the semiconductor industry combined with intense competition among different manufacturers, typically in Asia Pacific. Such sensors play a vital role in the SHM system and facilitate by collecting and formulating information required for monitoring and testing of various structures such as dams and bridges. Furthermore, availability of small and cost-effective sensors allow reduction in overall cost, which includes installation and additional material costs such as cables and other components. Thus, these factors are expected to propel the market growth in the near future.

Restraints

• Lack of Skilled Professionals to Hinder the Global Structural Health Monitoring Market Growth

Majority of structural health monitoring devices present in the market are based on conventional damage tolerance technology. This, in turn, has led to development of non-destructive inspection (NDI) techniques, some of which are laborious and require highly skilled professionals, i.e. operator/inspectors. For instance, applications in aircraft and ships require disassembly of components, which in turn requires grounding of aircraft and docking of ships, thus resulting in loss of time. Furthermore, the low availability of skilled professionals for implementing, designing, and maintaining SHM systems are expected to hinder the global structural health monitoring market growth over the forecast period.

• High installation and monitoring costs as an increment in range, resolution, repeatability, precision, and accuracy leads to an increase in the cost of systems. Though these systems help reduce costs in the long term, the cost involved in installation and monitoring them is high. This is due to the adoption of advanced sensors, software, and complex data acquisition systems. These costs include hardware, software, and service costs and depend majorly on the complexity of structures and the cost of construction, which increases with the increasing complexity of structures. Though high installation and monitoring costs would slow down market growth, the impact of this restraint is expected to decrease gradually during the forecast period owing to the competition among several market players globally and the declining prices of structural health monitoring systems.

The global structural health monitoring market is consolidated with a few large and medium-sized players accounting for majority market revenue. Established companies are engaged in various research & development activities and initiatives to develop and deploy new and more efficient technologies in the global structural health monitoring market. These key players are making high investments in R & D to develop innovative solutions and gain a competitive edge over others. The market is fragmented in nature owing to the presence of a large number of manufacturers offering SHM solutions. Companies are focusing on strategies such as mergers and acquisitions, joint ventures, product launches, and partnerships to sustain and retain their share in the highly competitive arena. These strategies help them in expanding their global and regional presence as well as offer enhanced product portfolio to their customers.

Top Players in Global Structural Health Monitoring Market

• Campbell Scientific, Inc.
• Nova Ventures
• Geokon
• CGG SA
• Digitexx Data Systems, Inc.
• Structural Monitoring Systems plc.
• Xylem Inc.
• Acellent Technologies, Inc.
• Sixense
• SGS S.A.

Recent Developments

• On 19 May 2022, CGG announced that its sensing & monitoring division Sercel acquired Geocomp Corporation, a U.S.-based company that specializes in services and products for geotechnical risk management and monitoring of infrastructure. This acquisition gives Sercel access to the infrastructure market in the U.S. and will accelerate deployment of its S-lynks and S-scan infrastructure monitoring solutions.
• On 26 April 2022, Structural Monitoring Systems Plc a U.K.-based company engaged in development and commercialization oftesting and monitoring technology had received a Supplemental Type Certificate (STC) approval from Federal Aviation (WSS Ss CTS Administration (FAA) for its Comparative Vacuum Monitor (CVM) sensor technology, which detects cracks on commercial aircraft.

There is a clear need for reliable and timely data in construction and critical infrastructure management. Until recently, data collection for structural health monitoring (SHM) was primarily a manual process in which engineers had to go out in the field to take key measurements. The problem with manual data collection is that it is slow, unreliable, and inefficient. The rise of the Internet of Things (IoT) provides a boost to the civil and structural engineering industries. Significant cost reductions in sensors and connectivity, combined with the expansion of platform-as-a-service business models, now allow for the collection of large amounts of data remotely, aggregation, and critical analysis to generate actionable insights.

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global structural health monitoring market analysis, increase in number of infrastructure projects due to rise in investments, growing vigilance on existing civil infrastructure to prevent accidents, rapid advancement in sensing technology due to investments in R&D, and reduced costs of structural health monitoring devices are major factors driving revenue growth of the market over the forecast period.