Stratview Research published a new report titled Structural Health Monitoring (SHM) Systems Market is 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.

The report published by Stratview Research covers exclusive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides an in-depth analysis of the market segments that includes products, applications, services, and competitor analysis, etc.

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Key players

Some of the key companies that are profiled in this report are:

  • Acellent Technologies (The U.S),
  • Campbell Scientific, Inc. (The U.S),
  • COWI A/S (Denmark),
  • Digitexx (Vietnam), Geocomp Corporation (The U.S),
  • Geokon, Incorporated (The U.S);
  • GeoSIG Ltd. (Switzerland),
  • HBM (Germany),
  • James Fisher and Sons plc (UK), and
  • Kinemetrics (The U.S).

The ‘Structural Health Monitoring (SHM) Systems Market’ report delivers a close watch on the active competitors, pricing analysis and a thorough overview of the market situations in the forecast period. It is a detailed report gathered from in-depth primary and secondary drivers, market shares, market segments, and geographical analysis.

Key Benefits for Industry players and new entrants:

The report delivers several insights into the Structural Health Monitoring (SHM) Systems Market that benefits the current industry players as well as those who are planning to enter the market. Below given are few benefits offered in the report-

  • Market drivers, restraints, and challenges highlighted in the report
  • Recent industry trends and developments are mentioned
  • Neutral perspective on the market performance related to shares, supply and chain, etc.
  • Competitive landscape & growth strategies of key players
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Structural Health Monitoring (SHM) Systems Market
  • Overview of the regional outlook of the market.
  • The market structure, historical data and forecasts for the coming years.
  • Developments and trends in the market.

Segment-wise analysis

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.

The Structural Health Monitoring (SHM) Systems Market report can help the users in developing an understanding of the current market dynamics, supply chain analysis, pricing trends, product preferences, target audience & more.

About Stratview Research

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