According to the latest report by IMARC Group, titled “Structural Health Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global structural health monitoring market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.
Structural health monitoring (SHM) helps in implementing a damage identification strategy for aerospace, mechanical, and civil engineering infrastructure. It relies on non-destructive acoustic emission and ultrasonic and thermal imaging technologies to prevent abnormalities caused by incorrect construction, deterioration, lack of quality control or excessive accidental or environmental load.