Market Research Report Store Structural Health Monitoring Market Expected to gr

"Structural Health Monitoring Market Expected to grow from USD 701.4 million in 2015 to USD 3407.7 million by 2022, at a CAGR of 24.99% between 2016 and 2022" published in June 2017. It is a professional and in-depth study. Summary Market Research Report Store announces a new report＂Structural Health Monitoring Market＂ added to its database.The structural health monitoring market is expected to grow from USD 701.4 million in 2015 to USD 3407.7 million by 2022, at a CAGR of 24.99% between 2016 and 2022. Structural health monitoring solutions improve the performance of the structures such as commercial and residential buildings, dams, power plants by providing real-time data about the parameters such as strain, structural damage in various structures. Effective monitoring of civil structure helps in prolonging the life of a structure as the data received helps in taking remedial action and providing maintenance whenever a significant structural damage is noticed. Detailed TOC Of Report @ https://www.marketresearchreportstore.com/ Ask a sample, click here [email protected] “The structural health monitoring market for aerospace industry is expected to grow at a high rate owing to high maintenance, repair and overhaul (MRO) costs.” The structural health monitoring market for the aerospace industry is expected to grow at the highest rate between 2016 and 2022. The aerospace industry, particularly commercial aviation is highly cost sensitive, and MRO activities constitute significant overhead costs. This necessitates the use of enhanced solutions such as structural health monitoring to effectively reduce the down time because of MRO activities. The growing usage of structural health monitoring also results in improving the overall safety and security through real-time analysis on the condition of airframe structurtes. “The structural health monitoring market in Asia-Pacific (APAC) is likely to grow at the highest rate between 2016 and 2022.” The structural health monitoring market in APAC is expected to grow at the highest rate between 2016 and 2022. The rapid urbanization, and frequent occurences of natural calamities such as earthquakes are the major growth drivers for structural health monitoring market in this region. North America is expected to hold the largest share of the structural health monitroing market between 2016 and 2022. The rapidly aging infrastructure in the U.S., commercialization of structural health monitoring systems in the aerospace industry are some of the major factors driving the growth of the structural health monitoring market in North America.