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Structural Health Monitoring Market Share

Report ID: GMI9714
Published Date: Jun 2024
Report Format: PDF

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Structural Health Monitoring Market Share

Siemens AG and Nova Metrix LLC hold a significant share of over 10% in the structural health monitoring industry. Siemens AG, a global powerhouse in electrical engineering and electronics, offers comprehensive structural health monitoring solutions through its subsidiary, Siemens Digital Industries Software. The company's products include advanced sensor technologies, data acquisition systems, and sophisticated analytics software designed to monitor and assess the health of various infrastructure types.

Nova Metrix LLC is a provider of structural health monitoring solutions, specializing in high-precision sensors and data acquisition systems. The company offers a wide range of structural health monitoring products that cater to diverse applications including the civil infrastructure, aerospace, and energy sectors. Nova Metrix’s portfolio includes strain gauges, accelerometers, displacement sensors, and comprehensive monitoring systems that ensure the safety and performance of structures.

Structural Health Monitoring Market Companies

Major key players operating in the structural health monitoring industry are:

Siemens AG
Nova Metrix LLC
COWI A/S
Acellent Technologies, Inc.
Geocomp Corporation
Campbell Scientific, Inc.
Digitexx Data Systems, Inc.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of structural health monitoring was reached USD 3.1 billion in 2023 and is estimated to register over 10% CAGR between 2024 and 2032, owing to the increased investments in infrastructure projects.

The hardware segment in the structural health monitoring market generated over 40% share in 2023, driven by continuous advancements in sensor technology including the development of more accurate, durable, and miniaturized sensors.

Asia Pacific structural health monitoring market recorded over 40% share in 2023, attributed to the rapid urbanization and significant infrastructure development.

Siemens AG, Nova Metrix LLC, COWI A/S, Acellent Technologies, Inc., Geocomp Corporation, Campbell Scientific, Inc., and Digitexx Data Systems, Inc.