[217 Pages Report] The structural health monitoring market is estimated to grow from USD 1.5 billion in 2020 to USD 2.9 billion by 2025, at a CAGR of 14.1% between 2020 and 2025. The major drivers for the market growth are automation and standardization in maintenance & repair of civil infrastructure in the post-COVID-19 period, loss of lives and capital due to catastrophic failure of infrastructure in recent years, increasing capital investments in structural health monitoring across various countries worldwide, stringent government regulations pertaining to the sustainability of structures, aging infrastructure and superior benefits associated with structural health monitoring, and declining cost of structural health monitoring systems.

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COVID-19 impact on Structural Health Monitoring Market

Structural health monitoring market is expected to witness a downturn for the first two to three quarters of 2020 as major construction, maintenance, and repair activities in the civil infrastructure, aerospace & defence, and energy sectors across various countries were put on a halt in the first half of 2020 to contain the virus. The companies in the structural health monitoring market have witnessed a decrease in the demand for monitoring devices due to the COVID-19 pandemic. However, the market can start a gradual recovery from the end of 2020 as the governments are resuming infrastructure development work to reduce the unemployment rate caused by the COVID-19 pandemic. Moreover, the halting of operations of the airlines due to travel restrictions imposed by the countries could increase the maintenance, repair, and overhaul activities in the aviation sector.

In the most realistic scenario, the structural health monitoring market is expected to witness ~15% dip in 2020 as major companies operating in this market have been impacted negatively during the first quarter of 2020, and demand is also expected to be subdued in the coming quarters. By the end of 2020, the demand for structural health monitoring devices and equipment is expected to witness momentum and gradual recovery from the first half of 2021 while reaching the normalcy by later half of 2021. The market is expected to grow at a CAGR of 7% in 2021, followed by 14% in 2022 in the most realistic scenario approach. From 2023 onwards, the market is expected to witness higher growth rate between 16% and 17%.

Structural Health Monitoring Market Dynamics

Drivers: Automation and standardization in maintenance & repair of civil infrastructure in post-COVID-19 period to drive the market growth

The construction industry has witnessed a slow transformation toward the digitization and automation of its key processes, such as maintenance and repair, in recent years. The pandemic has significantly hampered the work and productivity of the workers at the construction sites, as the need to execute the contracts under conditions of social distancing and working with limited capacity has resulted in the loss of time and money. Thus, the trend toward the automation and standardization of key processes along with the remote working solutions is increasing. The gradual rise of the standardization and automation of maintenance and repair is expected to increase the trend of remotely working, which could be a transformational impact on the construction industry. Qualified personnel could exercise its control and perform its duties remotely with enough information through the installed systems without compromising on quality and control. The standardization and automation of the maintenance and repair of the infrastructure through digitization and the use of smart sensors will allow the solutions to be more adaptive and resilient during uncertain times like the COVID-19 pandemic.

Restraints: High installation and monitoring costs

The cost of structural health monitoring systems rises with range, resolution, accuracy, precision, and repeatability. Though the structural health monitoring systems help to save costs in the long term, the costs involved in installation and monitoring are very high, mainly because of the advanced sensors, software, and complex data acquisition systems. The cost involved to build a structural health monitoring solution includes the costs of hardware, software, and services that majorly depend on the complexity of structures and cost of construction. Highly complex structures require highly efficient instrumentation solutions, which increases the overall costs. Additionally, monitoring costs involved in this are very high.

Opportunities: Integration of technologically advanced solutions for structural health monitoring during post-COVID-19 period

As the structural health monitoring systems become complex, there are new avenues for integrated technologies, which help in collating the hardware, i.e., sensors, communication modules, and data acquisition systems, where software is used to analyze the received monitoring data. The integration approach is the best tool for structural health monitoring because it is impossible to monitor the complete health of a structure using only a single technique. Therefore, many key players are focusing on developing cost-efficient structural health monitoring solutions in which electrical, magnetic, thermal, and other physical variables, chemical variables, and several technologies are integrated to offer more accurate results, which is likely to increase the adoption of integrated structural health monitoring systems.

Challenges: Requirement of skilled operators for installation and calibration of structural health monitoring instruments

Almost every infrastructure project presents a unique set of critical parameters. The operator or designer must identify those parameters and then select instruments to measure them. For the installation and calibration of structural health monitoring solutions, skilled personnel is required as decisions pertaining to the process of structural health monitoring depends on instrument type, specification, range, resolution, and precision of measurement. Moreover, the information required during the construction and post-construction phases also vary depending on the structure. In some cases, monitoring one parameter is sufficient, but in case of complex cases, to monitor various parameters, the correlation between them is of utmost importance. This needs to be done by skilled personnel. Thus, the lack of skilled personnel in the APAC region, high labor costs in the Americas and Europe are expected to be the major challenges for the providers of structural health monitoring solutions.

Hardware to hold largest market size between 2020 and 2025

The structural health monitoring market for the hardware segment is expected to dominate between 2020 and 2025. Hardware components are a vital part of the structural health monitoring system. These components measure various physical properties such as strain, deformation, and tilt of any structure under observations. Based on the received data from the various hardware equipment, decisions are made regarding the specific structure. Hardware includes various sensors, DAS, and other communication devices. Therefore, this segment is expected to hold a larger share during the forecast period.

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 that are connected with the help of lead wires, co-axial cables, optical fibers, and other wired communication technologies. Wired techniques are widely used for the installation of structural health monitoring systems for decades. Presently, the wired monitoring system is extensively used as it offers certain advantages such as reduced data attenuation, high speed of operation, no limitation on a transmission range, and high system bandwidth.

Civil infrastructure vertical to account for largest market share from 2020 to 2025

Civil infrastructure includes bridges, dams, tunnels, highways, and buildings. At present, major countries in different regions such as the US, the UK, Germany, Japan, China, India, Qatar, and Saudi Arabia are highly investing in building infrastructural facilities, which is ultimately supporting the growth of the economy. For example, Louisiana has started the I-10 widening project in the capital region. The Louisiana Department of Transportation in June 2020 announced the I-10 widening project from LA-415 in West Baton Rouge Parish to the I-10/12 split in East Baton Rouge Parish. Additionally, the other major construction project to be watched in 2020 is the New York City transit upgrades. The industry watchers have their eyes on the USD 11.3 billion Gateway Tunnel replacement project connecting New York and New Jersey. Thus, the growing civil infrastructure is expected to increase the demand for structural health monitoring systems to maintain and monitor the condition of each civil infrastructure and avoid catastrophic failures.

Americas to dominate the structural health monitoring market between 2020 and 2025

The Americas dominated the structural health monitoring market with the largest share in the year 2019 and is expected to follow the similar trend during the forecast period. The large share of the Americas market is due to the rising focus of the government on the repair and maintenance of the civil infrastructure and aircraft. The market can see a downturn due to the outbreak of the COVID-19 pandemic, but a recovery is expected in 2021 attributed to easing up of lockdowns.

The key driving factors for the market growth in the Americas include the aging infrastructure, support from various governments in the region, and increasing need for effective solutions for the maintenance of infrastructures. Furthermore, according to the Federal Highway Administration (FHWA) in the US, more than 30% of the structures, such as bridges and tunnels, have exceeded their 50 years of design life. So, to increase public safety and improve the structural lifespan, the implementation of a structural health monitoring system is a must. Such factors would further contribute to the growth of the market in the Americas.

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Scope of the report

Report Metric Details Market size available for years 2016�2025 Base year considered 2019 Forecast period 2020�2025 Forecast units Value (USD Million), and Volume (Million Units) Segments covered By Offering, By Technology, and By Vertical Geographies covered Americas (North America & South America), Europe, Asia Pacific, and Rest of World Companies covered A few of the major players in the structural health monitoring market are COWI (Denmark), Pure Technologies (Canada), Structural Monitoring Systems (Australia), Acellent Technologies (US), Geocomp Corporation (US), Campbell Scientific (US), Nova Metrix (US), Geokon, Incorporated (US), SIXENSE Systems (France), Digitexx Data Systems (US), Bridge Diagnostics (US), Sisgeo (Italy), RST Instruments (Canada), AVT Reliability (UK), and Geomotion Singapore (Singapore).

The study categorizes the structural health monitoring market based on offering, technology, vertical at the regional and global level.

By Offering

Hardware

Software & Services

By Technology

Wired

Wireless

By Vertical

Civil Infrastructure

Aerospace & Defense

Energy

Mining

Others

By Region

Americas North America South America

Europe

Asia Pacific

Rest of World

Recent Developments

Campbell Scientific launched new GRANITE series with significant applications for structural health monitoring (SHM).

Geocomp introduced a bi-directional shear testing machine. This product launch will enhance product portfolio capabilities as it will help in testing offshore structures.

Nova Measurements acquired Controls (Italy), a global leader in the design, supply, and manufacture of testing equipment for construction and civil engineering industries.

Cowi acquired Arkitema Architects. Through this acquisition, Cowi aimed at expanding itself making it the largest player in Denmark for the building segment.

Six Sense acquired Perazio Company (France), a digital solution provider for the construction industry.

COWI acquired Projektbyr�n, a Swedish company expert in project management services.

Cowi expanded its operations in the US to meet the boom in offshore wind farms.

Frequently Asked Questions (FAQ):

What is the current size of the global structural health monitoring market? The structural health monitoring market is estimated to grow from USD 1.5 billion in 2020 to USD 2.9 billion by 2025, at a CAGR of 14.1% between 2020 and 2025. The major drivers for the market growth are automation and standardization in maintenance & repair of civil infrastructure in the post-COVID-19 period, increasing capital investments in structural health monitoring across various countries worldwide, and declining cost of structural health monitoring systems. Who are the winners in the global structural health monitoring market? What are their major strategies to strengthen their market presence? Companies such as COWI (Denmark), Geocomp (US), Campbell Scientific (US), Nova Metrix (US), Geokon (US) falls under the winners category. These companies cater to the requirements of their customers by providing structural monitoring equipment, devices, software and integrated solutions with a presence in major countries. Several major players have adopted strategies such as innovations, mergers and acquisitions, partnerships, collaborations, and product launches to grow in the structural health monitoring market. Which end user are expected to drive the growth of market during the next 5 years? The growing civil infrastructure is expected to increase the demand for structural health monitoring systems to maintain and monitor the condition of civil infrastructure and avoid catastrophic failures. What are some of the technological advancements in the structural health monitoring market? The adoption for wireless structural health monitoring systems is expected to gain momentum in the years to come. The smart wireless structural health monitoring system is considered as an excellent tool for accurate detection of deterioration in any structure. .

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