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Global Structural health monitoring market is anticipated to grow from to US$ 7 ,
Posted by Shashiipawar on April 30th, 2018
Future Market Insights tracks the performance of the global structural health monitoring market and presents a revised revenue forecast for the assessment period 2017 to 2027 in a recently published report titled ‘Structural Health Monitoring Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027).’ According to the report, the global structural health monitoring market is anticipated to grow from US$ 1,903.9 Mn in 2017 to US$ 7 ,184.1 Mn by 2027, expanding at a CAGR of 14.2% in terms of revenue during the forecast period (2017-2027). In this report, the global structural health monitoring market is tracked in terms of value, calibrated to obtain the market revenue estimates. Factors such as rapidly expanding infrastructural development across the globe , wide availability of low-cost sensors and increasing government initiatives towards public safety and structural health monitoring system standardisation are boosting revenue growth of the global market.
Structural Health Monitoring Market: Segmental Forecast
To understand and assess the demand and opportunities in this market, the report is categorically split into three major sections, namely market analysis by component, type and application.
Request Sample Report @ section – market analysis by component , analyses the market on the basis of component and the data is provided in terms of value for 2012-2027. Component wise the market is further segmented into hardware, software and services. Hardware segment is anticipated to dominate the structural health monitoring market in terms of market share over the forecast period. The revenue sales of the hardware segment is anticipated to increase 3.2X over the forecast period.
The section – market analysis by type, analyses the market on the basis of type and the data is provided in terms of value for 2012-2027. On the basis of type, structural health monitoring market is further segmented into wired SHM system and wireless SHM system. Wired SHM system segment is expected to be the most attractive segment in terms of market share and incremental $ opportunity over the forecast period. The wired SHM segment is anticipated to create an incremental opportunity of US$ 3 ,149.1 Mn over the forecast period. The wireless SHM system segment is anticipated to exhibit 4.2X growth in terms of value over the forecast period.
The section – market analysis by application, comprehensively analyses the market on the basis of application and presents an in-depth analysis of the m. |
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