Structural Health Monitoring Market Forecast Hit by Coronavirus Outbreak, Downside Risks Continue to Escalate

The global structural health monitoring market consists of several prominent players who are on the lookout for a greater market share as against their competitors. This quest for growth has intensified the competition within the market, and the moves of a single player are expected to invite a strategic business response from all other key players. The global market for structural health monitoring endows tremendous growth opportunities for the market because of the development of the healthcare industry. The market players are cautious about optimizing these opportunities available at their disposal to widen their profit margins. Furthermore, the leading market players are expected to concentrate on product development to prove their supremacy in the domain of structural health monitoring systems. Expanding the geographical reach is also projected to be a key strategy on the minds of the market players that currently exist in the global market for structural health monitoring. The local and regional players are expected to rely on forming strategic alliances in order to sustain themselves in the market. Lack of technological expertise acts a barrier to the entry of new players and sustenance of inexperienced ones. Some of the leading players in the global market for structural health monitoring are Kinemetrics, COWI A/S, Wiss, Digitexx Data Systems, Inc., CTL Group, OSMOS Group, Elstner Associates, Inc., Janney, National Instruments Corporation, Nova Metrix LLC, First Sensor, ACELLENT TECHNOLOGIES, INC., and ATKINS.

A report by Transparency Market Research (TMR) forecasts the growth pattern of the global market for structural health monitoring over the period between 2017 and 2025. The report finds that the global market was valued at US$1.57 mn in 2016 and is projected to touch a value of US$4.09 mn by 2025-end. Furthermore, the CAGR of the global market over the aforementioned forecast period is expected to be 10.09%.

Request A Sample Copy Of The Report https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11180

Development of Constructions Industry to Propel Demand

The current pace of urbanization has surpassed all the previous records, and this has given a boost to the global constructions industry. The demand for strong and reliable infrastructure has become a necessity for the industrial, residential, and commercial sectors. Hence, the demand within the global market for structural health monitoring has escalated to new heights in recent times. Moreover, development of town centers and industrial zones in the emerging economies has also played to the advantage of the global market. The real estate industry has undergone fundamental changes that have necessitated the deployment of structural health monitoring systems across all forms of infrastructure. Hence, the growth of the global market for structural health monitoring is expected to hinge on a number of current-day advancements in the constructions industry.

Government Mandates to Result in Market Growth

Governments across the globe have been making concerted efforts to effectuate safer standards in the constructions industry of their respective regions. This has been an important driver of demand within the global market for structural health monitoring and has also aided the growth of the market players. Furthermore, the protection of historic monuments and heritage structures to enhance the tourism industry has also given a push to the demand within the global market.

The review is based on TMR’ report titled, “Structural Health Monitoring Market (Solution - Software, Hardware, and Services; Connectivity - Wired and Wireless; Application - Civil (Brides, Dams, and Tunnels) and Aviation) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”

Request For Covid19 Impact Analysis https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=11180

The Global Structural Health Monitoring Market is segmented as below:

Global Structural Health Monitoring Market, by Solution

Software
Hardware
Services

Global Structural Health Monitoring Market, by Connectivity

Wired
Wireless

Global Structural Health Monitoring Market, by Application

Civil

Bridges
Dams
Tunnels

Aviation
Others

Global Structural Health Monitoring Market, By Geography

North America

The U.S.
Canada
Rest of North America

Europe

The U.K
Germany
France
Rest of Europe

Asia Pacific (APAC)

China
Japan
India
Rest of APAC

Middle East and Africa (MEA)

GCC Countries
South Africa
Rest of MEA

South America

Brazil
Rest of South America

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact Us

Transparency Market Research

State Tower,

90 State Street,

Suite 700,

Albany NY - 12207

United States

USA - Canada Toll Free: 866-552-3453

Email: [email protected]

Website: https://www.transparencymarketresearch.com