While we wait, more from that great find if a website by Hatrack. Thanks by the way, certainly was a morale booster....although the prices for individual reports were a trifle steep
Reiterating the gteat cost saving and safety benefits of SMS tech not only fir airframes but infrastructure generally
'The high cost of the installation of sensors and other hardware in big structures including bridges and dams could prove to be a main restraining factor for the increase of structural health monitoring market. Nevertheless, the advancement in sensor technologies, increasing usage of smart structures and smart materials with embedded sensors are some of the top future opportunities for rise of structural health monitoring market.
"The structural health monitoring market for aerospace market is anticipated to increase at an important rate owing to high maintenance, repair and overhaul costs."
The structural health monitoring market for the aerospace sector is anticipated to rise at the maximal level rate between 2016 and 2022. The aerospace market, particularly commercial aviation is highly cost sensitive, and MRO activities constitute significant overhead costs. This necessitates the use of enhanced solutions including structural health monitoring to effectively reduce the down time as a result of MRO activities. The increasing usage of structural health monitoring also results in improving the global safety and security through real-time review on the condition of airframe structurtes.
"The structural health monitoring market in Asia-Pac is likely to grow at the highest level rate between 2016 and 2022."
The structural health monitoring market in Asia-Pacific is anticipated to grow at the maximal rate between 2016 and 2022. The quick urbanization, and frequent occurences of natural calamities including earthquakes are the main increase drivers for structural health monitoring market in this area. North America continent is forecasted to hold the biggest share of the structural health monitroing market between 2016 and 2022. The quickly aging infrastructure in the U.S.A, commercialization of structural health monitoring systems in the aerospace sector are some of the main factors driving the increase of the structural health monitoring market in North America (NA)".
SMN Price at posting:
$1.00 Sentiment: Hold Disclosure: Held
