DUBLIN--(BUSINESS WIRE)--Aug 7, 2018--The "Structural Health Monitoring Market by Technology (Wired and Wireless), Offering (Hardware (Sensors, Data Acquisition Systems) and Software & Services), Vertical (Civil Infrastructure, Energy), Application, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The structural health monitoring market is estimated to grow from USD 1.48 billion in 2018 to USD 3.38 billion by 2023, at a CAGR of 17.93% between 2018 and 2023.

Major factors driving the growth of the structural health monitoring market include the catastrophic failure of the infrastructure that results in loss of lives and incurs higher costs, stringent environmental regulations pertaining to the sustainability of structures, and aging infrastructure and the superior benefits of structural health monitoring. However, high installation and monitoring costs, inaccurate results due to errors in readings, slow growth of developing countries are the major restraining factors for the growth of the structural health monitoring market.

Considering today's scenario, wired structural health monitoring systems are widely adopted for monitoring different types of structures as they offer reliable connectivity, and there is no limitation on long-distance data transfer. Additionally, wired monitoring systems are already being used for the overall assessment of numerous structures such as bridges, buildings, and dams in various countries.

This growth can be due to the rapid infrastructure building activities being undertaken in APAC, mainly in China, India, and Japan where structural health monitoring paves the way for the modernization of infrastructure. Further, investments from the government sector are also increasing to enhance the infrastructure facilities in the region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Structural Health Monitoring Market, By Technology

8 Structural Health Monitoring Market, By Offering

9 Structural Health Monitoring Market, By Vertical

10 Implementation Methods for Structural Health Monitoring Systems

11 Applications of Structural Health Monitoring Systems

12 Structural Health Monitoring Market, By Region

13 Competitive Landscape

14 Company Profiles

Acellent Avt Reliability (Aesseal) Bridge Diagnostics Campbell Scientific Cowi Digitexx Feac Engineering First Sensor Geocomp Geokon Geomotion Singapore Hottinger Baldwin Messtechnik Infibra Technologies Kinemetrics Nova Metrix Pure Technologies Rst Instruments Sensuron Set Point Technologies Sisgeo Sites-Afla Sixense Sodis Lab Strainstall UK (James Fisher & Sons PLC) Structural Monitoring Systems Yapidestek Engineering

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SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/07/2018 03:45 PM/DISC: 08/07/2018 03:45 PM

http://www.businesswire.com/news/home/20180807005859/en