Structural Health Monitoring (SHM) is the process of continuously monitoring the condition and performance of a structure such as a bridge, building, or other infrastructure using sensors and other technologies. The collected data is then analyzed to detect and diagnose potential problems, enabling proactive and predictive maintenance. The global Structural Health Monitoring (SHM) market is set to grow strongly in the coming years, driven by increasing demand for real-time data and predictive maintenance in various industries such as transportation, energy and construction.

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Market Dynamics:

Drivers: Increasing demand for real-time data and predictive maintenance, increasing adoption of digital technologies in various industries, and increasing focus on security and risk management are the main drivers of the market growth.

Limitations: The high implementation costs and the lack of standardization and interoperability are the main limitations for market growth.

Opportunities: Increasing use of artificial intelligence and machine learning in SHM, growing demand for SHM in emerging markets, and increasing focus on developing new and unique SHM solutions are some of the key opportunities for market growth.

Challenges: The lack of standardization and interoperability, the lack of skilled workforce and the complexity of the regulatory process are the main challenges faced by the market.

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Key players in profile Structural health monitoring market report are as follows:

Nova Metrix LLC, National Instruments Corporation, Kinemetrics Inc., Advitam Inc. (Vinci SA), Hottinger Baldwin Messtechnik GmbH, Digitexx Data Systems, Inc., Geocomp Corporation,…