Wireless sensor networks are considered to be a powerful approach for automated monitoring of structural response data. Over the last few years, many civil structures are deployed with smart wireless networks to overcome the economical impediment of SHM system and achieving more accuracy. Wireless SHM are receiving tremendous demand due to their advantages including low cost, low maintenance, and low installation cost.
According to a new report published by Allied Market Research, titled, Structural Health Monitoring Market by Component, Connectivity, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023", the global structural health monitoring market size was valued at $1,133 million in 2016, and is projected to reach $3,965 million by 2023, growing at a CAGR of 18.9% from 2017 to 2023. The civil industry accounted for nearly half of the total structural health monitoring market in 2016.
Structural health monitoring (SHM) is a process aimed at providing accurate and timely information about the condition and performance of a building structure. It can either be a short- or a long-term process.In developing countries, such as China and India, owing to negligence and non-availability of technology, SHM is not utilized to its full potential. However, imposition of stringent government regulations on safety standards of civil infrastructures provides a major opportunity for SHM market in these countries.
Factors that drive the growth of the global structural health monitoring market are rapid increase in construction activities and the growth in need for continuous monitoring of the structure. In addition, growth in infrastructure investments and advances in wireless sensor networks provides opportunities for the global structural health monitoring market.
However, high implementation cost and challenges concerning data normalization are some of the factors that restrain the structural health monitoring market growth.
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