[191 Pages Report] The Structural Health Monitoring Market size was estimated at USD 4.31 billion in 2023 and expected to reach USD 4.83 billion in 2024, at a CAGR 12.64% to reach USD 9.92 billion by 2030.
The structural health monitoring (SHM) market comprises solutions, services, and technologies utilized for assessing and analyzing the health and performance of structures such as buildings, bridges, dams, and industrial equipment. It involves various methods and tools to detect and monitor the integrity of these structures to ensure safety and maintain operational efficiency. SHM applications are broad, including civil infrastructure, aerospace, energy utilities, and more, where monitoring structural integrity is crucial. End-users range from construction companies, government bodies responsible for public safety, to industries that rely heavily on maintaining their asset integrity for operational continuity. New opportunities in the SHM market are emerging with advancements in technology. The integration of artificial intelligence and machine learning for predictive analysis, increased use of drones for critical inspections, and the development of advanced materials and sensors are creating new prospects for growth. The increasing need to maintain aging infrastructure, coupled with technological leaps in smart sensors and IoT, is bolstering the demand for SHM systems. Compliance with stringent safety regulations and the pressing need for disaster risk mitigation are further catalyzing market expansion. Although high initial costs, technical complexities, data management challenges, and reluctance to move away from traditional practices pose obstacles, the market presents notable opportunities. Innovations in wireless sensor networks, enhanced data analysis software, advancements in material science, and the standardization of SHM protocols are areas primed for development. These innovations are critical for businesses looking to lead in the SHM market, ensuring the enduring safety and functionality of essential structures across diverse sectors such as civil infrastructure, aerospace, and energy utilities.
Hardware constitutes essential components such as sensors and data acquisition systems for extreme conditions. In the services arena, expertise-driven offerings span system design to maintenance and analysis, to refine predictive maintenance analytics. The software are the platforms that feature sophisticated data processing and machine learning algorithms, to enhance usability and predictive capabilities. While each component holds its unique value, the real strength emerges from their synergy, creating holistic, scalable, and increasingly predictive SHM systems that cater to varying client needs, from initial hardware setup to software integration for complex, ongoing monitoring.
Wired structural health monitoring systems are characterized by physical connections between sensors and data acquisition systems. These systems typically include a network of cables to transfer data and power across the monitoring points in a structure. Wired SHM systems are favored in situations for reliability and data integrity are critical, with minimal risk of data loss due to interference. Continuous power supply is necessary for long-term monitoring without the need for battery replacement. The environment or structure is not conducive to wireless signal transmission. There is a requirement for high data bandwidth and real-time monitoring capabilities. Wireless structural health monitoring systems use wireless sensor networks to monitor the health of structures. They are designed to reduce the installation time and cost as compared to wired systems and offer greater flexibility in sensor placement. Wired and wireless SHM systems are contingent upon various factors including cost, data reliability, complexity of installation, and specific structural requirements. Wired systems are traditionally regarded for their reliability and capability for high-speed data transfer, yet they often incur higher installation costs and demand significant modifications to the structure. Conversely, wireless systems afford greater flexibility, lower installation costs, and easier scalability, albeit with potential concerns regarding power management, data security, and signal interference.
In the aerospace & defense industry, the need for structural health monitoring is emphasized by the critical importance of safety and the high costs associated with structural failures. SHM systems in aircraft and defense equipment are used to monitor fatigue, detect damages due to impacts, and predict the lifespan of structural components, leading to proactive maintenance and cost savings. The preference for lightweight, highly accurate, and real-time monitoring systems that offer minimal interference with the operational capabilities of the vehicle or structure. Civil infrastructure includes bridges, dams, tunnels, buildings, and other critical structures that require continuous monitoring to prevent catastrophic failures. Systems that offer long-term stability, scalability for large structures, and cost-effectiveness are a priority to accommodate the vast range of civil infrastructure monitoring needs. The energy sector, particularly within renewable energy structures like wind turbines and oil & gas platforms, relies on SHM systems to ensure reliability and to prevent unanticipated downtime, which can result in significant financial losses. Durable, corrosion-resistant, and able to operate in harsh environments, the preferred SHM systems in this sector must handle extreme weather conditions and provide early fault detection. Mining operations necessitate SHM to prevent structural failures that can have serious safety and environmental impacts. These systems are used to monitor mine integrity, tailings dams, and related infrastructure. Robust and rugged systems that can operate in a subterranean or rough terrain environment, with the ability to withstand shock, vibration, and dust, are critical in the mining industry.
The United States, Canada remain at the forefront with its aging infrastructure and the increasing frequency of natural disasters, there is a high demand for SHM systems. The U.S. government invests significantly in infrastructure maintenance, alongside private sector participation, which fuels the growth of SHM services. Consumers show a higher preference for advanced technologies such as wireless sensor networks and IoT integrations in SHM solutions. European Union (EU) countries have shown a proactive approach in the adoption of SHM. Initiatives for smart cities and sustainable infrastructure advocate the use of SHM systems. European consumers and governments prefer environmentally friendly and energy-efficient systems, creating demand for green SHM solutions. The Asia Pacific region exhibits a fast-growing SHM market due to rapid urbanization, expanding infrastructure, and high occurrence of natural disasters. Countries such as China, Japan, and India present diverse opportunities and challenges, owing to vast infrastructure projects driving the demand for high-quality SHM systems. The Chinese government is implementing strict building codes and regulations that mandate the use of SHM technologies.
The FPNV Positioning Matrix is pivotal in evaluating the Structural Health Monitoring Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Structural Health Monitoring Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Arahas Unveils Groundbreaking Structural Health Monitoring and Early Warning Technology for Earthquake-Prone Regions in the Indian Subcontinent
Arahas Technologies Pvt. Ltd. in collaboration with California-based Quakelogic has announced the introduction of an advanced Structural Health Monitoring and Early Warning System, specifically architected to bolster earthquake resilience across the Indian Subcontinent. This innovative system integrates real-time structural health monitoring with the prowess of artificial intelligence and advanced analytics to proactively identify potential weaknesses and preserve structural integrity. [Published On: 2023-11-16]
ABS Launches Offshore Structural Health Monitoring Notation
In a pioneering development, ADMARINE 686 has been distinguished as the first self-elevating drilling unit (SEDU) in the world to be awarded the ABS SMART (Structural Health Monitoring) Notation. This prestigious acknowledgment by the American Bureau of Shipping (ABS) underscores ADMARINE 686's cutting-edge capabilities for real-time monitoring and detailed assessment of its structural integrity. [Published On: 2023-11-06]
Akselos, Yinson and Enauta Sign a Multi-Year Deal in Brazil to Deploy Real-Time Structural Health Monitoring for Atlanta FPSO
Akselos S.A., Yinson Production EPC Pte Ltd., and Enauta have forged a multi-year partnership to implement Akselos' pioneering Digital Twin technology aboard the ABS-classed Atlanta FPSO anchored in Brazil's Santos Basin. This partnership signifies an industry-first endeavor, wherein Akselos' revolutionary RB-FEA technology, reputed for its unparalleled simulation speed—exceeding legacy systems by a factor of a thousand—will be harnessed to enrich Enauta's real-time asset integrity management with comprehensive structural insights and integrate engineering simulations within the FPSO's operational sphere. [Published On: 2023-09-19]
The report delves into recent significant developments in the Structural Health Monitoring Market, highlighting leading vendors and their innovative profiles. These include Acellent Technologies Inc., AVT Reliability Ltd., Beanair GmbH, Bridge Diagnostics, Campbell Scientific, Inc., COWI A/S, Digitexx Data Systems, Inc., ElastiSense, FEAC Engineering P.C., First Sensor AG by TE Connectivity Ltd., Geocomp, Inc., Geokon, Geomotion (Singapore) Pte Ltd., Hottinger Brüel & Kjaer GmbH, ignaGuard, LLC, Infibra Technologies Srl, James Fisher and Sons PLC, KDM Engineers [India] Pvt. Ltd., Kinemetrics, Inc., Nova Ventures Group Corp., Rst Instruments Ltd., Sensuron LLC, Setpoint Technologies Ltd., SGS S.A., SHM Canada Consulting Limited, Sisgeo Srl, SITES AFLA (Pty) Ltd., Sixense Group, Sodis Lab, Somni Solutions, and Xylem Inc..
This research report categorizes the Structural Health Monitoring Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Offering
- Hardware
- Sensors
- Accelerometers
- Corrosion Sensors
- Displacement Sensors
- Inclinometers and Tiltmeters
- Strain Gauges
- Temperature Sensors
- Sensors
- Services
- Post-Installation
- Pre-Installation
- Software
- Hardware
- Technology
- Wired Structural Health Monitoring
- Wireless Structural Health Monitoring
- Monitoring Approach
- Active Monitoring
- Passive Monitoring
- Vertical
- Aerospace & Defence
- Civil Infrastructure
- Energy
- Mining
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Structural Health Monitoring Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Structural Health Monitoring Market?
- What are the technology trends and regulatory frameworks in the Structural Health Monitoring Market?
- What is the market share of the leading vendors in the Structural Health Monitoring Market?
- Which modes and strategic moves are suitable for entering the Structural Health Monitoring Market?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Structural Health Monitoring Market, by Offering
- Structural Health Monitoring Market, by Technology
- Structural Health Monitoring Market, by Monitoring Approach
- Structural Health Monitoring Market, by Vertical
- Americas Structural Health Monitoring Market
- Asia-Pacific Structural Health Monitoring Market
- Europe, Middle East & Africa Structural Health Monitoring Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 24]
- List of Tables [Total: 644]
- List of Companies Mentioned [Total: 31]
Importance of SHM:
Structures are an integral part of our daily life, and it is crucial to ensure their longevity and safety. SHM plays a vital role in maintaining the health and safety of structures. Improper maintenance of structures can lead to potential collapses and accidents. SHM uses sensors and monitoring systems to detect potential damage in real-time. As a result, repair and maintenance activities can be undertaken proactively, reducing the chances of catastrophic events.
Advancements in technology:
With technological advancements, the SHM process is becoming more efficient and automated. Sensors can detect cracks, vibrations, and deformations in the structures and immediately notify the relevant authorities. Internet of Things (IoT) enabled systems to allow real-time monitoring, allowing prompt actions to be taken. Machine learning and artificial intelligence algorithms can be used to analyze complex sensor data, giving a more comprehensive understanding of the structure's condition.
Diverse Applications:
SHM has diverse applications in various fields, such as civil engineering, aerospace, and automotive sectors. For instance, in civil engineering, SHM monitors bridges, tunnels, and other infrastructure facilities. In aerospace, SHM has been integrated into aircraft design to monitor any structural fatigue or cracks. In the automotive sector, SHM can be used to monitor vehicles' critical components to predict potential faults.
Challenges of SHM:
However, despite the many benefits of SHM, a few challenges still need to be addressed. Implementing the SHM system can be expensive, especially in large-scale structures such as bridges and tunnels. Also, the data generated by SHM sensors can be vast, and data analysis can be time-consuming. Therefore, there is a need for effective data management strategies that can handle large data sets.
Future of SHM:
The future of SHM is promising, with more advancements expected in the coming years. Integrating sensors and data analytics will enable more accurate and efficient monitoring of structures. Additive manufacturing will also play a significant role in SHM by enabling the creation of smart materials embedded with sensors to monitor the condition of structures.
The advent of technologically advanced solutions for Structural Health Monitoring has revolutionized the SHM process. The system has been used to keep structures safe and ensure their longevity. Given the challenges faced in SHM, effective data management and cost-effective solutions are vital. The future of SHM is promising, and with continued advancements in technology, we can expect a more efficient and cost-effective SHM process.
- How big is the Structural Health Monitoring Market?
- What is the Structural Health Monitoring Market growth?
- When do I get the report?
- In what format does this report get delivered to me?
- How long has 360iResearch been around?
- What if I have a question about your reports?
- Can I share this report with my team?
- Can I use your research in my presentation?