Valued to be $4.5 Billion by 2026, Structural Health Monitoring Slated for Robust Growth Worldwide

SAN FRANCISCO , June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Structural Health Monitoring - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to our digital archives and MarketGlass Research Platform
• Complimentary updates for one year

Edition: 5; Released: January 2022
Executive Pool: 444
Companies: 14 - Players covered include Campbell Scientific Inc.; Rst Instruments Ltd.; Geokon Inc.; Sensuron; Acellent Technology, Inc.; Avt Reliability; Cowi A/S; Pure Technologies Ltd.; Bridge Diagnostics, Inc.; Digitexx Data Systems Inc.; Feac Engineering P.C; Geocomp Corp.; Geomotion Singapore; Sisgeo S.r.l.; YapiDestek Engineering Ltd. Co. and Others.
Coverage: All major geographies and key segments
Segments: Offering (Hardware, Software & Services); Technology (Wired, Wireless); Vertical (Civil Infrastructure, Aerospace & Defense, Energy, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Structural Health Monitoring Market to Reach $4.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Structural Health Monitoring estimated at US$1.7 Billion, is projected to reach a revised size of US$4.5 Billion by 2026, growing at a CAGR of 17.4% over the analysis period. Wired, one of the segments analyzed in the report, is projected to record a 14.7% CAGR and reach US$1.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wireless segment is readjusted to a revised 19.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $603.7 Million in 2021, While China is Forecast to Reach $791.9 Million by 2026
The Structural Health Monitoring market in the U.S. is estimated at US$603.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$791.9 Million by the year 2026 trailing a CAGR of 16.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.5% and 15.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.