STRUCTURAL HEALTH MONITORING (SHM) Market Outlook, Growth by Top Company, Region, Application, Driver, Trends & Forecasts by 2020
Structural Health Monitoring (SHM) Market is expected to progress $ 1.89 billion during the forecast period of 2015 to 2020. Owing to this surge, the estimated valuation of the cyber Structural Health Monitoring (SHM) is to reach at a CAGR of 24.7 % by 2020
The report ” Structural Health Monitoring (SHM) Market by Technology (Wired and Wireless), By Solution Type (Hardware and Software & Services), By Application (Bridges, Dams, Tunnels, Buildings, Stadiums, And Other), And by Geography – Global Trend & Forecast to 2020 “, analyses and studies the major market drivers, restraints, opportunities, and challenges in the emerging nations.
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Structural Health Monitoring (SHM) Market Drivers
- Demand for cost-effective infrastructure maintenance
- Uncertainties in natural calamities leads to high demand for SHM
- Increasing need of public safety measures
- Government support
Structural Health Monitoring (SHM) Market Restraints
- Alternate methods
- High SHM Cost
Structural Health Monitoring (SHM) Market Opportunities
- SHM installation at the initial construction phase of infrastructure
Structural Health Monitoring (SHM) Market Challenges
- Technical and operational challenges
- Huge amount of data management and processing
Structural Health Monitoring (SHM) Market Winning Imperatives
- Obligation for the application of SHM by the government regulatory bodies
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Structural Health Monitoring (SHM) Market Company Profiles
- Advitam, Inc.
- Cowi A/S
- Digitexx Data Systems, Inc.
- Geocomp Corp.
- Geokon, Inc.
- Geosig Ltd.
- Hottinger Baldwin Messtechnik Gmbh (Hbm)
- Nova Metrix Llc
- Sodis Lab
- Strainstall Uk Ltd.
The report offers the SHM market analysis by systematically segmenting the market into four major geographies, namely
- North America,
- Europe,
- Asia-Pacific,
- And Rest of the World (RoW)
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Reasons to Purchase the report
- The report aids in determining the market size and forecast the SHM market with systematic market segregation by technology, by solution type, by application, and by geography.
- The technology segmentation covers wired and wireless SHM, while the solution type segmentation covers hardware and software & services. SHM market is segmented on the basis of SHM application, which includes bridges, dams, tunnels, buildings, stadiums, and others.
- The report also offers a comprehensive analysis of the key players in the SHM market with their profiles, latest developments, key issues, SWOT analysis, and opportunities in the market, global adoption trends, and future growth prospects.
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