The global IoT in the global structural health monitoring market is projected to grow at a CAGR of 15%-17% during 2022-2027. The growth of IoT in the global structural health monitoring market is driven by the growth in automation in maintenance and repair of civil infrastructure, growing investments in Internet of things for structural health monitoring, and aging infrastructure.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the IoT in the global structural
health monitoring market by end use industry (civil infrastructure, energy,
aerospace, and others), component type (hardware, software, and services), and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the IoT in the global structural health
monitoring market?
Q.4 What are some
changing demands of customers in the IoT in the global structural health
monitoring market?
Q.5 What are the new
developments in the IoT in the global structural health monitoring market?
Which companies are leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this IoT in the global structural health
monitoring area and how big of a threat do they pose for loss of market share
via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this IoT in the global structural
health monitoring market?
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Market Segmentation:
Based on component type,
the IoT in the global structural health monitoring market is segmented into hardware,
software, and services. The services segment accounted for the largest share of
the market in 2020 due to the increasing demand for periodic maintenance in the
civil engineering industry.
North America is
expected to be the highest CAGR in the forecast period due to increasing demand
for cost-effective technology for maintenance of structure and growing focus of
governments on repair and maintenance of civil infrastructure and aircraft.
Key Players in the IoT
in the global structural health monitoring market are Siemens, Intel, CISCO,
Xerox, Embedor Technologies, Toshiba, SEMTECH, IoTBridge, Fractal Technologies,
Sierra Wireless, Acellent Technologies, and Kemsys.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/iot-in-structural-health-monitoring-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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