Research and Markets has announced the addition of the "Structural Health Monitoring Market - Global Forecast to 2022" report to their offering.

The structural health monitoring market is expected to grow from USD 701.4 Million in 2015 to USD 3407.7 Million by 2022, at a CAGR of 24.99% between 2016 and 2022. The rapidly aging infrastructure in North America and Europe is expected to drive the structural health monitoring market.

Structural health monitoring solutions improve the performance of the structures such as commercial and residential buildings, dams, power plants by providing real-time data about the parameters such as strain, structural damage in various structures. Effective monitoring of civil structure helps in prolonging the life of a structure as the data received helps in taking remedial action and providing maintenance whenever a significant structural damage is noticed. The civil infrastructure in the U.S. has been rapidly aging and there is a growing need to monitor the structural damage for maintenance and reconstruction which is a major driver for the growth of the structural health monitoring market.

The growing usage of composites in construction of structures is major driver for the growth of structural health monitoring market in the aerospace industry. The high cost of the installation of sensors and other hardware in large structures such as bridges and dams could prove to be a major restraining factor for the growth of structural health monitoring market. However, the advancement in sensor technologies, growing usage of smart structures and smart materials with embedded sensors are some of the key future opportunities for growth of structural health monitoring market.

Companies Mentioned:

  • Acellent Technologies Inc.
  • Advitam Inc.
  • Cowi A/S
  • Digitexx Data Systems, Inc.
  • Geocomp Corp.
  • Geokon, Incorporated
  • Geosig Ltd.
  • Hottinger Baldwin Messtechnik Gmbh
  • Kinemetrics Inc.
  • National Instruments Corp.
  • Nova Metrix Llc
  • Sodis Lab
  • Strainstall Uk Ltd.

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 Solution Type

9 Structural Health Monitoring Market, By End User

10 Structural Health Monitoring Market, By Application

11 Structural Health Monitoring Market, By Geography

12 Competitive Landscape

13 Company Profile

14 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/ncqkkk/structural_health