According to the MarketsandMarkets forecast, 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 are used across various sectors such as civil infrastructure, aerospace, energy, mining, and others. The increasing initiatives of governments worldwide towards the maintenance of aging structures such as bridges, dams and roads are likely to drive the growth of the structural health monitoring market. The efficient performance of structures in civil infrastructure, aerospace and energy industry also depends on the hardware and software components used for monitoring purposes….
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