Structural Health Monitoring (SHM) Systems Market Will Record an Upsurge in Revenue [Business]
Stratview Research has published a new report on the Structural Health Monitoring (SHM) Systems Market, segmented by Solution (Hardware [Sensors, Data Acquisition Systems, Others], Software & Services), By Application (Bridges & Dams, Buildings & Stadiums, Vessels & Platforms, Airframes & Wind Turbines, Large Machines & Equipment), By Technology (Wired, Wireless) and Region.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
The market is mainly driven by the automation and standardization in maintenance & repair of civil infrastructure in the post-COVID-10 period, and rising capital investments in structural health monitoring across various countries in the world.
In addition to this, stringent government regulations regarding the sustainability of structures, loss of capital and lives due to catastrophic failure of building infrastructure in the past years, and declining cost of SHM systems, further augment the market growth.
Segmentation –
This report studies the Structural Health Monitoring (SHM) Systems Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
On the basis of solution, the global Structural Health Monitoring (SHM) systems market has been bifurcated into hardware and software & services.
Among these, the hardware segment accounted for the highest market share in 2020 and is likely to register a steady CAGR during the review period. This is mainly attributed to the significant cost of integral elements of SHM systems such as sensors and data acquisition systems.
By region, the North American market witnessed the highest market share in 2020 and is projected to grow at a robust CAGR during the review period.
This can be attributed to rapidly aging infrastructures such as dams, buildings, bridges, and tunnels in the region which is stirring up the demand for structural health monitoring systems.
Thus, to improve structural lifespan and enhance public safety, the installation of these systems is needed, which further boosts regional growth.
To know more about the covid impact on the market, click here: https://www.stratviewresearch.com/Request-Sample/1792/structural-health-monitoring-(SHM)-systems-market.html#form
About Stratview Research-
Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.
Connect with our team here–
https://www.stratviewresearch.com/contact
Or
Call us @: +1-313-307-4176
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
The market is mainly driven by the automation and standardization in maintenance & repair of civil infrastructure in the post-COVID-10 period, and rising capital investments in structural health monitoring across various countries in the world.
In addition to this, stringent government regulations regarding the sustainability of structures, loss of capital and lives due to catastrophic failure of building infrastructure in the past years, and declining cost of SHM systems, further augment the market growth.
Segmentation –
This report studies the Structural Health Monitoring (SHM) Systems Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
On the basis of solution, the global Structural Health Monitoring (SHM) systems market has been bifurcated into hardware and software & services.
Among these, the hardware segment accounted for the highest market share in 2020 and is likely to register a steady CAGR during the review period. This is mainly attributed to the significant cost of integral elements of SHM systems such as sensors and data acquisition systems.
By region, the North American market witnessed the highest market share in 2020 and is projected to grow at a robust CAGR during the review period.
This can be attributed to rapidly aging infrastructures such as dams, buildings, bridges, and tunnels in the region which is stirring up the demand for structural health monitoring systems.
Thus, to improve structural lifespan and enhance public safety, the installation of these systems is needed, which further boosts regional growth.
To know more about the covid impact on the market, click here: https://www.stratviewresearch.com/Request-Sample/1792/structural-health-monitoring-(SHM)-systems-market.html#form
About Stratview Research-
Stratview Research is a global market intelligence firm having a strong team of industry veterans and research analysts. Stratview Research has been serving multiple clients across a wide array of industries. Our services cover a broad spectrum of industries including but not limited to Energy Chemicals, Advanced Materials, Automotive, and Aerospace. At Stratview, we believe in building long term relations with our clients.
Connect with our team here–
https://www.stratviewresearch.com/contact
Or
Call us @: +1-313-307-4176
2023-08-02 13:13
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