Portland, OR -- (SBWIRE) -- 09/28/2017 -- Wireless sensor networks are considered to be a powerful approach for automated monitoring of structural response data. Over the last few years, many civil structures are deployed with smart wireless networks to overcome the economical impediment of SHM system and achieving more accuracy. Wireless SHM are receiving tremendous demand due to their advantages including low cost, low maintenance, and low installation cost.

Global Structural Health Monitoring Market size was valued at $1,133 million in 2016, and is expected to reach at $3,965 million by 2023, registering a CAGR of 18.9% from 2017 to 2023. Over the years, structural health monitoring (SHM) technologies have emerged as an exciting new field within civil engineering. SHM has become an important tool in the design, analysis, and maintenance of modern civil engineering structures and systems.

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The structural health monitoring market growth is driven by increased focus on structural health monitoring, obsolete infrastructure in Europe and North America, obsolete aircraft of domestic & international airlines, reduction of inspection costs, and frequent occurrences of natural calamities. In addition, growth in investments in infrastructure and advances in wireless sensor networks create ample opportunities for the global structural health monitoring market. However, high implementation cost and challenges pertaining to data normalization restrain the structural health monitoring market growth.

The global structural health monitoring market is segmented on the basis of component, connectivity, end user, and geography. Based on component, the structural health monitoring industry is categorized into hardware, software, and services. Hardware is further elaborated into data acquisition units, sensors, and others. Sensors generated the highest revenue in 2016, and is expected to maintain its position throughout the analysis period. By connectivity, the market is bifurcated into wired and wireless senor networks. On the basis of end user, it is classified into civil, aerospace, energy, defense, mining, and others. The civil industry is further categorized into tunnels, dams, stadiums, and others. Geographically, the structural health monitoring market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Structural health monitoring (SHM) is a process aimed at providing accurate and timely information about the condition and performance of a building structure. It can either be a short- or a long-term process. In developing countries, such as China and India, owing to negligence and non-availability of technology, SHM is not utilized to its full potential. However, imposition of stringent government regulations on safety standards of civil infrastructures provides a major opportunity for SHM market in these countries.

Factors that drive the growth of the global structural health monitoring market are rapid increase in construction activities and the growth in need for continuous monitoring of the structure. In addition, growth in infrastructure investments and advances in wireless sensor networks provides opportunities for the global structural health monitoring market. However, high implementation cost and challenges concerning data normalization are some of the factors that restrain the structural health monitoring market growth.

The hardware segment in the global structural health monitoring market generated the highest revenue in 2016, and is expected to maintain its dominance throughout the analysis period, owing to high adoption of sensors for accurate and reliable data. Data loggers used in SHM are compatible with all types of commercially available sensors and the selection of a particular type of sensor is highly application specific.

Civil industry in the structural health monitoring industry generated highest revenue in the global structural health monitoring market in 2016. The major demand for SHM from civil structures is obtained, owing to high demand from oil industry and operators of large dams and highways agencies. In comparison to infrastructures, residential, and commercial construction have received little consideration due to lack of awareness among the owners. Building owners are educated on the benefits of SHM and these measures are supported by several government regulations. The increase in demand for SHM in civil engineering drives the need of SHM to ensure safety of the structures and the human lives. SHM is capable of earlier detection of the damage, which makes it feasible to amend it before occurrence of loss.

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