Structural health monitoring is the usage of non-destructive sensing and investigation of structural features, to identify a damage that has occurred at a specific location and evaluate its severity and consequences. The global structural health monitoring market is growing at significant rate, due to disastrous breakdown of the infrastructure outcomes in loss of lives and strict government regulations. Different technologies contributed to the structural health monitoring market size. The market has witnessed high demand for wireless structural health monitoring in the coming years due to reduced cost of structural health monitoring and mounting demand of wireless technology.

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On the basis of offering the structural health monitoring market is subdivided into hardware and software & services. Among all offerings, the hardware segment accounted the largest share is in the market, as the hardware is the integral element, which measure physical properties of any construction under surveillance.

High installation price, lack of skilled labors for installation, need for huge quantities of data processing and management, difficulty in installation and technical challenges are the major challenges for the growth of structural health monitoring market.

Globally industry players are leveraging market growth through launching new products. the manufacturing companies trying to enter the dental surgery instruments market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Asia-Pacific is witnessed to observe highest growth in the market due to speedy infrastructural development. In addition, implementing stringent laws and regulations for construction and maintenance of structures, and huge number of infrastructure construction projects are some of the factors facilitating the growth of the Asia-Pacific structural health monitoring market.

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Key players in the structural health monitoring market are catering the demand by collaborating, and acquiring with small players and investing on technologically advanced products across the globe. In June 2017, Acellent Technologies Inc collaborated with TESTIA GmbH for marketing commercialization and installation of Acellent’s structural health monitoring products. Sixense, Campbell Scientific, Acellent Technologies Inc., Geokon Incorporated, Cowi, Geocomp, and Structural Monitoring Systems plc are the key players offering structural health monitoring.

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