STRUCTURAL HEALTH MONITORING MARKET ANALYSIS

Lack of skilled workforce is significantly restraining the growth of the global structural health monitoring market. Structural health monitoring requires very specialized skills to deploy the sensors, maintain and analyze the data generated. However, there is acute shortage of engineers, technicians and analysts trained in structural health monitoring across major markets. Getting the right people with the necessary expertise remains a challenge for companies operating in this sector.

This skilled workforce gap is hampering the extensive adoption of structural health monitoring solutions. Many potential clients who would benefit from structural health monitoring of their critical infrastructure are reluctant to deploy these systems due to concerns regarding availability of knowledgeable personnel to install, commission and analyze the structural health data on an ongoing basis. If the structural monitoring deployed is not properly maintained and analyzed, it would not yield desired results and lead to wastage of resources. However, lack of sufficient skilled professionals minimizes the potential of structural health monitoring systems to be implemented to their maximum effectiveness.

Additionally, without enough trained workforce, the structural health monitoring companies also find it difficult to take up large projects and scale up their operations aggressively. They have limitations in how fast they can expand due to inadequate manpower. This acts as a supply side constraint restricting the growth of providers in this industry.

In summary, insufficient availability of skilled workforce with expertise in structural monitoring has been a significant factor restraining quicker growth of this market. It reduces willingness among potential clients to implement structural health monitoring solutions. It also limits the capabilities of providers to aggressively scale and capture larger opportunities. This skills shortage needs to be addressed on priority for unleashing the full potential of this industry over the coming years.

Market Opportunities: Growing construction sector in emerging economies

The growing construction sector in emerging economies presents a great opportunity for the global structural health monitoring market. Countries like India, China, Indonesia, and others in Southeast Asia are urbanizing rapidly with ambitious infrastructure development plans. Megaprojects involving buildings, bridges, dams and other civil structures are becoming commonplace.

Such large-scale civil engineering ventures necessitate comprehensive structural health monitoring solutions to ensure safety, sustainability, and cost-effectiveness over the projected lifespan. Technologies like strain gauges, displacement sensors, and acoustic emission detectors help detect early signs of wear-and-tear or vulnerabilities. This allows preventive maintenance and timely retrofitting to uphold integrity. The growing construction muscle in developing countries thus presents a broad market for such monitoring systems manufacturers. Furthermore, as urban infrastructure ages in coming decades, advanced structural assessment products will be crucial for reinvestment and redevelopment decisions.