Structural Health Monitoring Sensors for Critical Infrastructure to Reach 22.9 Million Connections by 2030
NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Governments are increasingly eager to address the escalating maintenance needs of aging critical infrastructure, including rail, bridges, mines, dams, and older buildings. Safety concerns, amplified by disastrous incidents like the 2018 Morandi Bridge collapse, which resulted in 43 casualties and a staggering US$450 million in damages, have sparked a preference for "predictive maintenance" over "maintenance after failure" approaches. The surge in extreme weather events linked to climate change has also laid bare additional vulnerabilities in aging and strained post-war infrastructure. A greater variety of sensor and connectivity types alongside more advanced data analytics software platforms is enabling the Structural Health Monitoring (SHM) market to expand. According to global technology intelligence firm ABI Research, SHM sensors will reach 22.9 million connections by 2030, with a CAGR of 18% for wired retrofitted sensors and 28% for wireless retrofitted sensors.
- The surge in extreme weather events linked to climate change has also laid bare additional vulnerabilities in aging and strained post-war infrastructure.
- A greater variety of sensor and connectivity types alongside more advanced data analytics software platforms is enabling the Structural Health Monitoring (SHM) market to expand.
- According to global technology intelligence firm ABI Research, SHM sensors will reach 22.9 million connections by 2030, with a CAGR of 18% for wired retrofitted sensors and 28% for wireless retrofitted sensors.
- These findings are from ABI Research's IoT Solutions for Structural Health Monitoring in Critical Infrastructure application analysis report.