Global Structural Health Monitoring Market Press Release

1. Global Structural Health Monitoring Market to Grow at a CAGR of ~15%, during 2023-2035, propelled by the Increasing Urbanization and the Need for Sustainability of Infrastructure Kenneth Research published a report titled ‘Global Structural Health Monitoring Market: Global Demand Analysis & Opportunity Outlook 2023-2035” which delivers a detailed overview of the in terms of Global Structural Health market segmentation by offering, technology, end-user, and region. Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market. The global structural health monitoring market is anticipated to grow with a CAGR of ~15% over the forecast period, i.e., 2023-2035. The market is segmented by end-use into civil infrastructure, aerospace & defense, energy, mining, and others, out of which, civil infrastructure is projected to garner the largest revenue by the end of 2035. Countries,

2. such as, the US, the UK, Japan, Australia, Germany, Qatar, Saudi Arabia, China, and India are increasingly investing on infrastructural growth. This is estimated to boost the segment growth. For more information’s@https://www.kennethresearch.com/report-details/structural- health-monitoring-market/10352496 The global structural health monitoring market is estimated to garner revenue of ~USD 8 billion by the end of 2035, up from revenue of ~USD 2 billion in the year 2023. Increasing urbanization, the construction of modern infrastructure globally, the need to maintain aging structures, and the subsequent monitoring of all, are some of the factors anticipated to drive the growth of the market during the forecast year. Geographically, the global structural health monitoring market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Amongst these regions, North America is anticipated to garner the largest revenue by the end of 2035, owing to the rising focus of government on the repair and maintenance of infrastructure. The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, and the like, has also been covered and displayed in the research report. The Rising demand for Resilient and Sturdy Structures to boost the market

3. As per global statistics over the past 5o years, 181 building collapse disasters have been reported in 51 nations amongst which 32 occurred in India, followed by China-13, Egypt -13, Brazil -12, and Nigeria-12.The deadliest building collapse disaster happened in Bangladesh in 2013 when an 8-story commercial building collapsed killing 1,127 occupants. In June 2021, the Surfside (Florida) condominium collapse, is estimated to have killed 10 persons with more than 151 missing – four times larger than the world average for the past 50 years. Structural health monitoring (SHM) system is used for evaluating and monitoring health of engineering structures, to ensure their structural integrity and safety. Moreover, use of SHM ensures early damage detection, which is estimated to boost the market growth. Globally an average of 8 building collapse disasters occurs every year, resulting in 343 deaths per year with each tragedy killing an average of 38 persons.With the implementation of structural health monitoring, such disasters can be easily avoided. However, the lack of awareness among people regarding the benefits of structural health monitoring and the expenditure incurred in its implementation is expected to operate as key restraints to the growth of the market over the forecast period. This report also provides the existing competitive scenario of some of the key players of the global Structural health monitoring which includes company profiling ofNational Instruments Corporation, Advitam Inc., Digitexx Data Systems, Inc., Acellent Technologies, Inc., Nova Ventures (Nova Metrix LLC), Cowi A/S, Geocomp Corporation, Hottinger Baldwin Messtechnik GmbH, James Fisher and Sons plc (James Fisher Strainstall), Kinemetrics Inc and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Structural health monitoring that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

4. Request Report Sample@ https://www.kennethresearch.com/sample-request- 10352496 Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided the right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decisions in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: sales@kennethresearch.com U.S. Phone: +1 313 462 0609