Middle East and Africa Structural Health Monitoring Market
The Middle East and Africa structural health monitoring market is expected to reach USD 691.13 million by 2030 from USD 230.03 million in 2022, growing at a CAGR of 14.9% in the forecast period of 2023 to 2030.
Market SegmentationMiddle East and Africa Structural Health Monitoring Market, By Type (Hardware, Software, and Services), Connectivity (Wired and Wireless), Installation Type (New installation and Retrofit), Method (Visual Inspection and Non-Destructive Evaluation (NDE)), Application (Damage Detection, Crack Detection, Strain Monitoring, Wire Break Monitoring, Leakage Detection, Multimodal Sensing, Corrosion Monitoring, Hotspot Monitoring, Impact Monitoring, and Deflection Monitoring), End User (Civil, Aerospace, Energy, Mining, Marine, Industrial, Offshore Platform, Defense, School, Public Park and Recreation, Automotive, and Others), Country (U.A.E., Saudi Arabia, South Africa, Egypt, Oman, Qatar, Kuwait, Israel, Bahrain and rest of Middle East and Africa) - Industry Trends and Forecast To 2030
Overview of Middle East and Africa Structural Health Monitoring Market DynamicsDrivers
• Growing infrastructural development across the globe
• Increasing automation and standardization in maintenance & repair of civil infrastructure
• Growing advancement in sensor technologies
• Improved safety and maintainability of critical structures
Restraints
• High installation and monitoring costs
• Inaccurate results due to calibration errors
• Fluctuating prices of raw materials
Opportunities
• Integration of technologically advanced solutions for structural health monitoring
• Growth in investments in infrastructure and advances in wireless sensor networks
• Increase in various strategic decisions, such as partnership and acquisition
Challenges
• Requirement of skilled operators for installation and calibration of structural health monitoring instruments
• Lack of standardization in managing large volumes of data
• Technical challenges and operational factors
Market Players:The key players operating in the Middle East and Africa structural health monitoring market are:• Xylem Inc.
• James Fisher and Sons plc
• HBK
• Campbell Scientific, Inc.,
• GEOKON
• NATIONAL INSTRUMENTS CORP.
• GeoSIG Ltd
• Kinemetrics
• Sisgeo S.r.L
• SIXSENSE System
• OSMOS Group SA (A subsidiary of Eren Group)
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