Lucintel Forecasts IoT in the Global Structural Health Monitoring Market to Grow at a CAGR of 15%-17% from 2022 to 2027
According to the recent study the IoT in the global structural health monitoring market is projected to grow at a CAGR of 15%-17% from 2022 to 2027. Growth in this market is primarily 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.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in IoT in the global structural health monitoring market y 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).
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“Service market is expected to remain the highest growing segment during the forecast period.”
Based on component type, the IoT in the global structural health monitoring market is segmented into hardware, software, and services. Lucintel forecasts that the service market is expected to remain the highest growing segment due to the increasing demand for periodic maintenance in the civil engineering industry.
“North America will dominate the IoT in the global structural health monitoring market in near future”
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.
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Major players of IoT in the global structural health monitoring market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Siemens, Intel, CISCO, Xerox, Embedor Technologies, Toshiba, SEMTECH, IoTBridge, Fractal Technologies, Sierra Wireless, Acellent Technologies, and Kemsys are among the major IoT in the global structural health monitoring providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/iot-in-structural-health-monitoring-market.aspx or helpdesk@lucintel.com
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