Structural Health Monitoring Market Opportunities 2031
The Structural Health Monitoring Market is expected to register a CAGR of 20.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Component (Hardware, Software and Services); Connectivity (Wired Structural Health Monitoring and Wireless Structural Health Monitoring); End-User (Oil and Gas, Civil Infrastructure, Aerospace and Defense, Energy, Mining, and Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Structural Health Monitoring Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Structural Health Monitoring Market Segmentation
Component- Hardware
- Software and Services
- Wired Structural Health Monitoring and Wireless Structural Health Monitoring
- Oil and Gas
- Civil Infrastructure
- Aerospace and Defense
- Energy
- Mining
- Others
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South and Central America
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South and Central America
Strategic Insights
Structural Health Monitoring Market Growth Drivers- Increasing Infrastructure Development: The ongoing growth in infrastructure projects worldwide, such as bridges, buildings, and highways, is driving the demand for structural health monitoring (SHM) systems. These systems help ensure the safety, durability, and longevity of these structures, minimizing maintenance costs and preventing failures.
- Rising Awareness of Safety and Sustainability: Growing awareness about the importance of safety, environmental sustainability, and asset management is fueling the adoption of SHM systems. These technologies help detect structural issues early, ensuring timely repairs and reducing the environmental impact of infrastructure degradation.
- Integration of IoT in Structural Health Monitoring: The integration of Internet of Things (IoT) technologies is revolutionizing SHM. IoT-enabled sensors provide real-time data on the condition of structures, improving monitoring efficiency and accuracy. This trend is leading to more automated, cost-effective, and scalable SHM solutions across various industries.
- Use of Advanced Materials and Sensor Technologies: Advancements in sensor technologies and materials, such as fiber optic sensors and carbon nanotubes, are improving the capabilities of SHM systems. These innovations allow for more accurate, reliable, and long-lasting monitoring of structural integrity, expanding SHM applications in critical infrastructure such as dams, high-rise buildings, and offshore platforms.
- Government Investments in Smart Cities: The push for smart city initiatives offers significant opportunities for SHM solutions. Governments are investing in intelligent infrastructure with integrated monitoring systems to improve urban resilience, leading to an increased demand for advanced SHM technologies in cities worldwide.
- Adoption of SHM in Industrial Applications: Industries such as oil and gas, aerospace, and energy are adopting SHM systems to monitor the integrity of critical assets. As industries seek to reduce downtime and maintenance costs, the demand for SHM solutions in industrial applications is expected to rise substantially.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Structural Health Monitoring Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Structural Health Monitoring Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Connectivity, End-User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Frequently Asked Questions
The Structural Health Monitoring Market is estimated to witness a CAGR of 20.3% from 2023 to 2031
Increasing infrastructure development and rising awareness of safety and sustainability are the major factors driving the Structural health monitoring market.
Integration of IoT in structural health monitoring is anticipated to play a significant role in the global Structural health monitoring market in the coming years.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Structural Health Monitoring Market - By Component
1.3.2 Structural Health Monitoring Market - By Connectivity
1.3.3 Structural Health Monitoring Market - By Application
1.3.4 Structural Health Monitoring Market - By End-user
1.3.5 Structural Health Monitoring Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. STRUCTURAL HEALTH MONITORING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. STRUCTURAL HEALTH MONITORING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. STRUCTURAL HEALTH MONITORING MARKET - GLOBAL MARKET ANALYSIS
6.1. STRUCTURAL HEALTH MONITORING - GLOBAL MARKET OVERVIEW
6.2. STRUCTURAL HEALTH MONITORING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. STRUCTURAL HEALTH MONITORING MARKET - REVENUE AND FORECASTS TO 2028 – COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.3.3. Sensors Market
7.3.3.1. Overview
7.3.3.2. Sensors Market Forecast and Analysis
7.3.4. Data Acquisition Systems (DAS) and Communication System Market
7.3.4.1. Overview
7.3.4.2. Data Acquisition Systems (DAS) and Communication System Market Forecast and Analysis
7.3.5. Others Market
7.3.5.1. Overview
7.3.5.2. Others Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.5. SERVICES
7.5.1. Overview
7.5.2. Services Market Forecast and Analysis
8. STRUCTURAL HEALTH MONITORING MARKET - REVENUE AND FORECASTS TO 2028 – CONNECTIVITY
8.1. OVERVIEW
8.2. CONNECTIVITY MARKET FORECASTS AND ANALYSIS
8.3. WIRED STRUCTURAL HEALTH MONITORING
8.3.1. Overview
8.3.2. Wired Structural Health Monitoring Market Forecast and Analysis
8.4. WIRELESS STRUCTURAL HEALTH MONITORING
8.4.1. Overview
8.4.2. Wireless Structural Health Monitoring Market Forecast and Analysis
9. STRUCTURAL HEALTH MONITORING MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. DAMAGE DETECTION
9.3.1. Overview
9.3.2. Damage Detection Market Forecast and Analysis
9.4. CRACK DETECTION
9.4.1. Overview
9.4.2. Crack Detection Market Forecast and Analysis
9.5. IMPACT MONITORING
9.5.1. Overview
9.5.2. Impact Monitoring Market Forecast and Analysis
9.6. CORROSION MONITORING
9.6.1. Overview
9.6.2. Corrosion Monitoring Market Forecast and Analysis
9.7. STRAIN MONITORING
9.7.1. Overview
9.7.2. Strain Monitoring Market Forecast and Analysis
9.8. DEFLECTION MONITORING
9.8.1. Overview
9.8.2. Deflection Monitoring Market Forecast and Analysis
9.9. LEAKAGE DETECTION
9.9.1. Overview
9.9.2. Leakage Detection Market Forecast and Analysis
9.10. OTHERS
9.10.1. Overview
9.10.2. Others Market Forecast and Analysis
10. STRUCTURAL HEALTH MONITORING MARKET - REVENUE AND FORECASTS TO 2028 – END-USER
10.1. OVERVIEW
10.2. END-USER MARKET FORECASTS AND ANALYSIS
10.3. CIVIL
10.3.1. Overview
10.3.2. Civil Market Forecast and Analysis
10.3.3. Bridges Market
10.3.3.1. Overview
10.3.3.2. Bridges Market Forecast and Analysis
10.3.4. Tunnels Market
10.3.4.1. Overview
10.3.4.2. Tunnels Market Forecast and Analysis
10.3.5. Dams Market
10.3.5.1. Overview
10.3.5.2. Dams Market Forecast and Analysis
10.3.6. Stadiums Market
10.3.6.1. Overview
10.3.6.2. Stadiums Market Forecast and Analysis
10.3.7. Buildings Market
10.3.7.1. Overview
10.3.7.2. Buildings Market Forecast and Analysis
10.3.8. Others Market
10.3.8.1. Overview
10.3.8.2. Others Market Forecast and Analysis
10.4. OIL AND GAS
10.4.1. Overview
10.4.2. Oil and Gas Market Forecast and Analysis
10.5. AEROSPACE AND DEFENSE
10.5.1. Overview
10.5.2. Aerospace and Defense Market Forecast and Analysis
10.6. ENERGY
10.6.1. Overview
10.6.2. Energy Market Forecast and Analysis
10.7. MINING
10.7.1. Overview
10.7.2. Mining Market Forecast and Analysis
10.8. OTHERS
10.8.1. Overview
10.8.2. Others Market Forecast and Analysis
11. STRUCTURAL HEALTH MONITORING MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Structural Health Monitoring Market Overview
11.1.2 North America Structural Health Monitoring Market Forecasts and Analysis
11.1.3 North America Structural Health Monitoring Market Forecasts and Analysis - By Component
11.1.4 North America Structural Health Monitoring Market Forecasts and Analysis - By Connectivity
11.1.5 North America Structural Health Monitoring Market Forecasts and Analysis - By Application
11.1.6 North America Structural Health Monitoring Market Forecasts and Analysis - By End-user
11.1.7 North America Structural Health Monitoring Market Forecasts and Analysis - By Countries
11.1.7.1 United States Structural Health Monitoring Market
11.1.7.1.1 United States Structural Health Monitoring Market by Component
11.1.7.1.2 United States Structural Health Monitoring Market by Connectivity
11.1.7.1.3 United States Structural Health Monitoring Market by Application
11.1.7.1.4 United States Structural Health Monitoring Market by End-user
11.1.7.2 Canada Structural Health Monitoring Market
11.1.7.2.1 Canada Structural Health Monitoring Market by Component
11.1.7.2.2 Canada Structural Health Monitoring Market by Connectivity
11.1.7.2.3 Canada Structural Health Monitoring Market by Application
11.1.7.2.4 Canada Structural Health Monitoring Market by End-user
11.1.7.3 Mexico Structural Health Monitoring Market
11.1.7.3.1 Mexico Structural Health Monitoring Market by Component
11.1.7.3.2 Mexico Structural Health Monitoring Market by Connectivity
11.1.7.3.3 Mexico Structural Health Monitoring Market by Application
11.1.7.3.4 Mexico Structural Health Monitoring Market by End-user
11.2. EUROPE
11.2.1 Europe Structural Health Monitoring Market Overview
11.2.2 Europe Structural Health Monitoring Market Forecasts and Analysis
11.2.3 Europe Structural Health Monitoring Market Forecasts and Analysis - By Component
11.2.4 Europe Structural Health Monitoring Market Forecasts and Analysis - By Connectivity
11.2.5 Europe Structural Health Monitoring Market Forecasts and Analysis - By Application
11.2.6 Europe Structural Health Monitoring Market Forecasts and Analysis - By End-user
11.2.7 Europe Structural Health Monitoring Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Structural Health Monitoring Market
11.2.7.1.1 Germany Structural Health Monitoring Market by Component
11.2.7.1.2 Germany Structural Health Monitoring Market by Connectivity
11.2.7.1.3 Germany Structural Health Monitoring Market by Application
11.2.7.1.4 Germany Structural Health Monitoring Market by End-user
11.2.7.2 France Structural Health Monitoring Market
11.2.7.2.1 France Structural Health Monitoring Market by Component
11.2.7.2.2 France Structural Health Monitoring Market by Connectivity
11.2.7.2.3 France Structural Health Monitoring Market by Application
11.2.7.2.4 France Structural Health Monitoring Market by End-user
11.2.7.3 Italy Structural Health Monitoring Market
11.2.7.3.1 Italy Structural Health Monitoring Market by Component
11.2.7.3.2 Italy Structural Health Monitoring Market by Connectivity
11.2.7.3.3 Italy Structural Health Monitoring Market by Application
11.2.7.3.4 Italy Structural Health Monitoring Market by End-user
11.2.7.4 United Kingdom Structural Health Monitoring Market
11.2.7.4.1 United Kingdom Structural Health Monitoring Market by Component
11.2.7.4.2 United Kingdom Structural Health Monitoring Market by Connectivity
11.2.7.4.3 United Kingdom Structural Health Monitoring Market by Application
11.2.7.4.4 United Kingdom Structural Health Monitoring Market by End-user
11.2.7.5 Rest of Europe Structural Health Monitoring Market
11.2.7.5.1 Rest of Europe Structural Health Monitoring Market by Component
11.2.7.5.2 Rest of Europe Structural Health Monitoring Market by Connectivity
11.2.7.5.3 Rest of Europe Structural Health Monitoring Market by Application
11.2.7.5.4 Rest of Europe Structural Health Monitoring Market by End-user
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Structural Health Monitoring Market Overview
11.3.2 Asia-Pacific Structural Health Monitoring Market Forecasts and Analysis
11.3.3 Asia-Pacific Structural Health Monitoring Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Structural Health Monitoring Market Forecasts and Analysis - By Connectivity
11.3.5 Asia-Pacific Structural Health Monitoring Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Structural Health Monitoring Market Forecasts and Analysis - By End-user
11.3.7 Asia-Pacific Structural Health Monitoring Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Structural Health Monitoring Market
11.3.7.1.1 Australia Structural Health Monitoring Market by Component
11.3.7.1.2 Australia Structural Health Monitoring Market by Connectivity
11.3.7.1.3 Australia Structural Health Monitoring Market by Application
11.3.7.1.4 Australia Structural Health Monitoring Market by End-user
11.3.7.2 China Structural Health Monitoring Market
11.3.7.2.1 China Structural Health Monitoring Market by Component
11.3.7.2.2 China Structural Health Monitoring Market by Connectivity
11.3.7.2.3 China Structural Health Monitoring Market by Application
11.3.7.2.4 China Structural Health Monitoring Market by End-user
11.3.7.3 India Structural Health Monitoring Market
11.3.7.3.1 India Structural Health Monitoring Market by Component
11.3.7.3.2 India Structural Health Monitoring Market by Connectivity
11.3.7.3.3 India Structural Health Monitoring Market by Application
11.3.7.3.4 India Structural Health Monitoring Market by End-user
11.3.7.4 Japan Structural Health Monitoring Market
11.3.7.4.1 Japan Structural Health Monitoring Market by Component
11.3.7.4.2 Japan Structural Health Monitoring Market by Connectivity
11.3.7.4.3 Japan Structural Health Monitoring Market by Application
11.3.7.4.4 Japan Structural Health Monitoring Market by End-user
11.3.7.5 South Korea Structural Health Monitoring Market
11.3.7.5.1 South Korea Structural Health Monitoring Market by Component
11.3.7.5.2 South Korea Structural Health Monitoring Market by Connectivity
11.3.7.5.3 South Korea Structural Health Monitoring Market by Application
11.3.7.5.4 South Korea Structural Health Monitoring Market by End-user
11.3.7.6 Rest of Asia-Pacific Structural Health Monitoring Market
11.3.7.6.1 Rest of Asia-Pacific Structural Health Monitoring Market by Component
11.3.7.6.2 Rest of Asia-Pacific Structural Health Monitoring Market by Connectivity
11.3.7.6.3 Rest of Asia-Pacific Structural Health Monitoring Market by Application
11.3.7.6.4 Rest of Asia-Pacific Structural Health Monitoring Market by End-user
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Structural Health Monitoring Market Overview
11.4.2 Middle East and Africa Structural Health Monitoring Market Forecasts and Analysis
11.4.3 Middle East and Africa Structural Health Monitoring Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Structural Health Monitoring Market Forecasts and Analysis - By Connectivity
11.4.5 Middle East and Africa Structural Health Monitoring Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Structural Health Monitoring Market Forecasts and Analysis - By End-user
11.4.7 Middle East and Africa Structural Health Monitoring Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Structural Health Monitoring Market
11.4.7.1.1 South Africa Structural Health Monitoring Market by Component
11.4.7.1.2 South Africa Structural Health Monitoring Market by Connectivity
11.4.7.1.3 South Africa Structural Health Monitoring Market by Application
11.4.7.1.4 South Africa Structural Health Monitoring Market by End-user
11.4.7.2 Saudi Arabia Structural Health Monitoring Market
11.4.7.2.1 Saudi Arabia Structural Health Monitoring Market by Component
11.4.7.2.2 Saudi Arabia Structural Health Monitoring Market by Connectivity
11.4.7.2.3 Saudi Arabia Structural Health Monitoring Market by Application
11.4.7.2.4 Saudi Arabia Structural Health Monitoring Market by End-user
11.4.7.3 U.A.E Structural Health Monitoring Market
11.4.7.3.1 U.A.E Structural Health Monitoring Market by Component
11.4.7.3.2 U.A.E Structural Health Monitoring Market by Connectivity
11.4.7.3.3 U.A.E Structural Health Monitoring Market by Application
11.4.7.3.4 U.A.E Structural Health Monitoring Market by End-user
11.4.7.4 Rest of Middle East and Africa Structural Health Monitoring Market
11.4.7.4.1 Rest of Middle East and Africa Structural Health Monitoring Market by Component
11.4.7.4.2 Rest of Middle East and Africa Structural Health Monitoring Market by Connectivity
11.4.7.4.3 Rest of Middle East and Africa Structural Health Monitoring Market by Application
11.4.7.4.4 Rest of Middle East and Africa Structural Health Monitoring Market by End-user
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Structural Health Monitoring Market Overview
11.5.2 South and Central America Structural Health Monitoring Market Forecasts and Analysis
11.5.3 South and Central America Structural Health Monitoring Market Forecasts and Analysis - By Component
11.5.4 South and Central America Structural Health Monitoring Market Forecasts and Analysis - By Connectivity
11.5.5 South and Central America Structural Health Monitoring Market Forecasts and Analysis - By Application
11.5.6 South and Central America Structural Health Monitoring Market Forecasts and Analysis - By End-user
11.5.7 South and Central America Structural Health Monitoring Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Structural Health Monitoring Market
11.5.7.1.1 Brazil Structural Health Monitoring Market by Component
11.5.7.1.2 Brazil Structural Health Monitoring Market by Connectivity
11.5.7.1.3 Brazil Structural Health Monitoring Market by Application
11.5.7.1.4 Brazil Structural Health Monitoring Market by End-user
11.5.7.2 Argentina Structural Health Monitoring Market
11.5.7.2.1 Argentina Structural Health Monitoring Market by Component
11.5.7.2.2 Argentina Structural Health Monitoring Market by Connectivity
11.5.7.2.3 Argentina Structural Health Monitoring Market by Application
11.5.7.2.4 Argentina Structural Health Monitoring Market by End-user
11.5.7.3 Rest of South and Central America Structural Health Monitoring Market
11.5.7.3.1 Rest of South and Central America Structural Health Monitoring Market by Component
11.5.7.3.2 Rest of South and Central America Structural Health Monitoring Market by Connectivity
11.5.7.3.3 Rest of South and Central America Structural Health Monitoring Market by Application
11.5.7.3.4 Rest of South and Central America Structural Health Monitoring Market by End-user
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. STRUCTURAL HEALTH MONITORING MARKET, KEY COMPANY PROFILES
13.1. ACELLENT TECHNOLOGIES, INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. CAMPBELL SCIENTIFIC, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. DIGITEX
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. GEOCOMP CORPORATION
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. HBM
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. JAMES FISHER AND SONS PLC
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. KINEMETRICS, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. NOVA METRIX LLC (NOVA VENTURES GROUP CORP.)
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. RESENSYS, LLC
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SIXENSE SYSTEMS
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. Acellent Technologies, Inc.
2. Campbell Scientific, Inc.
3. Digitex
4. Geocomp Corporation
5. HBM
6. James Fisher and Sons plc
7. Kinemetrics, Inc.
8. Nova Metrix LLC (Nova Ventures Group Corp.)
9. Resensys, LLC
10. SIXENSE Systems
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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