Over the projected period, rising government initiatives for public safety along with standardisation of the SHM system are anticipated to fuel market expansion for structural health monitoring.
Over the projected period, a high availability of inexpensive sensors is anticipated to drive the growth of the global structural health monitoring market.
By 2030, it is anticipated that the market for Structural Health Monitoring would be worth $7,208.5 million USD.
Key Companies in the Structural Health Monitoring Industry:
1. Nova Metrix LLC: Instruments for evaluating materials, geotechnical structures, and the environment are designed and manufactured with a variety of industries in mind. The business aids its clients in monitoring, sampling, and controlling quality in various geoscientific processes by providing precision geotechnical instruments, sensors, and monitoring products to businesses in the construction, structural health, civil engineering, and energy sectors. A 2009 company. Headquarters located in the US.
2. National Instruments Corporation: For late-stage automated testing of high complexity, National Instruments offers testing and measurement tools as well as integrated, software-driven solutions. Head office in Austin, Texas, U.S. Built in 1976. NHR (October 2021), monoDrive (May 2021), and OptimalPlus were the most recent acquisitions (Jun 2020).
3. Advitam Inc. (Vinci SA): One of the biggest investors in transportation infrastructure worldwide is Vinci. The company's headquarters are in Nanterre, a neighbourhood of western Paris. Founded in 1899. VINCI signs a contract to buy a concessionaire for a Brazilian highway.
4. Hottinger Baldwin Messtechnik GmbH: The aim of the maker of measuring instruments is to produce accurate measurement results. Using the company's transducers, sensors, amplifiers, data collection systems, strain gauges, and software for structural durability research, testing, and analysis, customers may optimise the product life cycle. HQ for Germany is in Darmstadt. Founded in 1950.
5. Geocomp Corporation: Manufacturer of infrastructure monitoring tools aimed at offering risk management for geotechnical issues. The business produces geotechnical testing systems, field monitoring systems, and pavement instruments. It also offers technical support, geostructural engineering consultancy, and data solutions to clients, enabling them to identify and manage risks to the built environment and natural environments through creative science and technology applications. The Sensing & Monitoring Division of Sercel has announced that it is purchasing U.S. Geocomp, according to the company's headquarters.
Definition: The structural health monitoring (SHM) system is a technique for assessing and keeping track of structural health
