About Structural Health Monitoring for Buildings and Bridges
Structural Health Monitoring, in short SHM, refers to the process of continuously or periodically assessing the condition of structures like buildings and bridges through sensors, data collection, and analytical tools. The purpose is to detect and assess any signs of damage, deterioration, or potential failure before they become critical, thereby ensuring the safety and longevity of these structures. SHM systems usually require the use of instruments including accelerometers, strain gauges, and temperature sensors at different points of a structure. These instruments will monitor physical parameters, such as vibrations, stress and strain, displacements, and temperature change. Data collected from these instruments is then analyzed, and abnormalities that may lead to problems like cracks, corrosion, and settlement are indicated. Many are the advantages of SHM. This allows for proactive maintenance, with a very low chance of failure and cost repairs. Real-time monitoring allows for the early warning of potential issues, which is essential in many critical infrastructure projects, such as those for bridges with high traffic volumes.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
National Instruments Corporation (United States), Sixense Systems (France), Digitexx Data Systems, Inc. (United States), Acellent Technologies, Inc.(United States), Strainstall UK Limited (United Kingdom), Nova Metrix LLC (United States), COWI A/S (France), Geocomp Corporation (United States) and Hottinger Baldwin Messtechnik GmbH (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Structural Health Monitoring for Buildings and Bridges market by and Region.
On the basis of geography, the market of Structural Health Monitoring for Buildings and Bridges has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type, the sub-segment i.e. Strain Sensors will boost the Structural Health Monitoring for Buildings and Bridges market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Sensor Network will boost the Structural Health Monitoring for Buildings and Bridges market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Integrated Vehicle Health Management
Market Growth Drivers:
Growth in Infrastructure Investments and Increasing Concerns related to Natural Calamities
Challenges:
The Need for Data Processing and Management and Installation of a Large Number of Sensing Points for Large Complex Structures
Restraints:
High Installation Cost and Slow Growth in Developing and Underdeveloped Countries
Opportunities:
Increasing Government Initiatives towards SHM System and A Requirement of Wireless Sensor Technologies and RFIDs (Radio Frequency Identification)
Key Target Audience
Structural Health Monitoring System Manufacturer, Sensor Manufacturer, Government Bodies and Research Organisation and Construction Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.