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Global Structural Health Monitoring Market

Global Structural Health Monitoring Market

Submitted by • March 27, 2019 www.maximizemarketresearch.com

Global Structural Health Monitoring Market size was valued at US$ 1.24 Bn in 2017 and is expected to reach US$ 4.73 Bn by 2026 to exhibit a CAGR of 18.24 % during the forecast period.
Global Structural Health Monitoring Market
Global Structural Health Monitoring market growth is driven by high capital investments for structural health monitoring across several countries, stringent government regulations relating to sustainability of structures, improved focus on structural health monitoring, outdated infrastructure in Europe and North America, outdated aircraft of domestic & international airlines, decrease of inspection costs, and frequent occurrences of natural calamities. High implementation cost, incorrect results due to errors in readings, slow progress in developing countries restrain the structural health monitoring market growth. Technical challenges and operational factors, the necessity for large amounts of data processing and management and requirement of skilled labors are

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