The structural health monitoring market for the aerospace industry is expected to grow at a high rate owing to high maintenance, repair and overhaul (MRO) costs, according to RnR Market Research's report, 'Structural Health Monitoring Market'. The highest rate of growth is expected to occur between 2016 and 2022. The aerospace industry, particularly in the area of commercial aviation, is highly cost-sensitive and MRO activities constitute significant overhead costs. This necessitates the use of enhanced solutions, such as structural health monitoring, to effectively reduce the downtime due to MRO activities. The growing use of structural health monitoring also results in improving overall safety and security through real-time analysis of the condition of airframe structures.
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