Structural Health Monitoring Market Size, Share, Trends, Growth Outlook

Structural Health Monitoring Market is estimated to increase at a growth rate of 15.3% CAGR over the forecast period from 2024 to 2030.

The global Structural Health Monitoring Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Offering (Hardware, Software & Services), By Technology (Wired, Wireless), By End-User (Civil Infrastructure, Aerospace & Defense, Energy, Mining, Others).

An Introduction to Structural Health Monitoring Market in 2024

The Structural Health Monitoring (SHM) Market comprises monitoring systems, sensors, data acquisition devices, and analytical software used in civil engineering, infrastructure management, aerospace, and mechanical engineering applications for real-time monitoring, analysis, and assessment of structural integrity, performance, and safety of buildings, bridges, dams, pipelines, and industrial assets. SHM technologies detect structural defects, fatigue, vibrations, and environmental effects, enabling proactive maintenance, risk mitigation, and asset management strategies to enhance structural reliability and prevent catastrophic failures. Market trends focus on wireless sensor networks, IoT-enabled monitoring solutions, predictive maintenance algorithms, and digital twin technologies for comprehensive structural health monitoring and predictive analytics.

Structural Health Monitoring Market Competitive Landscape

The global Structural Health Monitoring Industry is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Structural Health Monitoring Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Structural Health Monitoring Industry include- Acellent Technologies, Campbell Scientific, COWI, Digitexx, Geocomp, Geokon, Nova Metrix LLC, Pure Technologies, SGS, Sixense, Structural Monitoring Systems.

Structural Health Monitoring Market Trend: Integration of Artificial Intelligence and Machine Learning

One prominent trend in the Structural Health Monitoring (SHM) market is the increasing integration of artificial intelligence (AI) and machine learning (ML) techniques. These technologies enable the development of advanced SHM systems capable of processing vast amounts of data collected from sensors embedded in structures. AI and ML algorithms can analyze this data in real-time, detect structural abnormalities, predict potential failures, and provide actionable insights to stakeholders. As the demand for more reliable and efficient monitoring solutions grows, the adoption of AI and ML in SHM is expected to accelerate, leading to enhanced accuracy, predictive capabilities, and cost-effectiveness in structural health assessment.

Structural Health Monitoring Market Driver: Growing Emphasis on Infrastructure Safety and Asset Management

The primary driver for the Structural Health Monitoring market is the growing emphasis on infrastructure safety and asset management across various industries, including civil engineering, transportation, energy, and aerospace. Aging infrastructure, increasing urbanization, and the need for sustainable development have heightened concerns about the integrity, performance, and resilience of critical structures such as bridges, buildings, dams, pipelines, and wind turbines. Governments, regulatory bodies, and asset owners are prioritizing investments in SHM technologies to proactively monitor structural health, prevent catastrophic failures, optimize maintenance strategies, and extend the service life of infrastructure assets. The imperative to ensure public safety, minimize downtime, and mitigate financial risks associated with structural failures is driving the adoption of SHM solutions worldwide.

Structural Health Monitoring Market Opportunity: Expansion of Wireless Sensor Networks and IoT Integration

An opportunity exists in the expansion of wireless sensor networks (WSNs) and the integration of Internet of Things (IoT) technologies into SHM systems. Wireless sensors offer advantages such as easy deployment, flexibility, and cost-effectiveness compared to traditional wired monitoring solutions. By leveraging IoT connectivity, these sensors can transmit real-time data to centralized monitoring platforms, enabling remote monitoring, predictive analytics, and decision support capabilities. The proliferation of IoT-enabled SHM solutions opens up opportunities for innovative applications such as smart cities, smart buildings, and smart infrastructure, where interconnected sensor networks provide continuous insights into the health and performance of structures. Collaborative efforts among sensor manufacturers, software developers, infrastructure operators, and government agencies can drive the development and adoption of scalable, interoperable IoT-based SHM solutions to address the evolving needs of the global infrastructure market.

Structural Health Monitoring Market Share Analysis: Software & Services is the fastest growing market segment over the forecast period to 2030

Among the segmented categories, Software & Services emerge as the fast-growing offering in the field of structural health monitoring. While hardware components are essential for collecting data from sensors embedded in structures, the demand for sophisticated software solutions and comprehensive services is rapidly increasing. Structural health monitoring software facilitates data analysis, visualization, and interpretation, enabling engineers and stakeholders to gain actionable insights into the structural integrity and performance of various assets. Moreover, the provision of services such as installation, maintenance, data management, and interpretation support enhances the value proposition of structural health monitoring solutions. As industries such as civil infrastructure, aerospace & defense, energy, and mining prioritize safety, efficiency, and sustainability, the need for advanced software platforms and specialized services to monitor and manage critical infrastructure and assets is becoming increasingly crucial. With ongoing advancements in software technology, including artificial intelligence, machine learning, and data analytics, the market for software & services in structural health monitoring is expected to experience rapid growth, offering innovative solutions to address the evolving needs of diverse end-users and industries.

Structural Health Monitoring Market Segmentation

By Offering
Hardware
Software & Services
By Technology
Wired
Wireless
By End-User
Civil Infrastructure
Aerospace & Defense
Energy
Mining
Others
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Structural Health Monitoring Companies

Acellent Technologies
Campbell Scientific
COWI
Digitexx
Geocomp
Geokon
Nova Metrix LLC
Pure Technologies
SGS
Sixense
Structural Monitoring Systems
* List not Exhaustive

Reasons to Buy the Structural Health Monitoring Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Structural Health Monitoring Market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Structural Health Monitoring Industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 Introduction to 2024 Structural Health Monitoring Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Structural Health Monitoring Market Size Outlook, $ Million, 2021 to 2030
3.2 Structural Health Monitoring Market Outlook by Type, $ Million, 2021 to 2030
3.3 Structural Health Monitoring Market Outlook by Product, $ Million, 2021 to 2030
3.4 Structural Health Monitoring Market Outlook by Application, $ Million, 2021 to 2030
3.5 Structural Health Monitoring Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Structural Health Monitoring Industry
4.2 Key Market Trends in Structural Health Monitoring Industry
4.3 Potential Opportunities in Structural Health Monitoring Industry
4.4 Key Challenges in Structural Health Monitoring Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Structural Health Monitoring Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Structural Health Monitoring Market Outlook by Segments
7.1 Structural Health Monitoring Market Outlook by Segments, $ Million, 2021- 2030
By Offering
Hardware
Software & Services
By Technology
Wired
Wireless
By End-User
Civil Infrastructure
Aerospace & Defense
Energy
Mining
Others
8 North America Structural Health Monitoring Market Analysis and Outlook To 2030
8.1 Introduction to North America Structural Health Monitoring Markets in 2024
8.2 North America Structural Health Monitoring Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Structural Health Monitoring Market size Outlook by Segments, 2021-2030
By Offering
Hardware
Software & Services
By Technology
Wired
Wireless
By End-User
Civil Infrastructure
Aerospace & Defense
Energy
Mining
Others
9 Europe Structural Health Monitoring Market Analysis and Outlook To 2030
9.1 Introduction to Europe Structural Health Monitoring Markets in 2024
9.2 Europe Structural Health Monitoring Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Structural Health Monitoring Market Size Outlook by Segments, 2021-2030
By Offering
Hardware
Software & Services
By Technology
Wired
Wireless
By End-User
Civil Infrastructure
Aerospace & Defense
Energy
Mining
Others
10 Asia Pacific Structural Health Monitoring Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Structural Health Monitoring Markets in 2024
10.2 Asia Pacific Structural Health Monitoring Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Structural Health Monitoring Market size Outlook by Segments, 2021-2030
By Offering
Hardware
Software & Services
By Technology
Wired
Wireless
By End-User
Civil Infrastructure
Aerospace & Defense
Energy
Mining
Others
11 South America Structural Health Monitoring Market Analysis and Outlook To 2030
11.1 Introduction to South America Structural Health Monitoring Markets in 2024
11.2 South America Structural Health Monitoring Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Structural Health Monitoring Market size Outlook by Segments, 2021-2030
By Offering
Hardware
Software & Services
By Technology
Wired
Wireless
By End-User
Civil Infrastructure
Aerospace & Defense
Energy
Mining
Others
12 Middle East and Africa Structural Health Monitoring Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Structural Health Monitoring Markets in 2024
12.2 Middle East and Africa Structural Health Monitoring Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Structural Health Monitoring Market size Outlook by Segments, 2021-2030
By Offering
Hardware
Software & Services
By Technology
Wired
Wireless
By End-User
Civil Infrastructure
Aerospace & Defense
Energy
Mining
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Acellent Technologies
Campbell Scientific
COWI
Digitexx
Geocomp
Geokon
Nova Metrix LLC
Pure Technologies
SGS
Sixense
Structural Monitoring Systems
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Offering
Hardware
Software & Services
By Technology
Wired
Wireless
By End-User
Civil Infrastructure
Aerospace & Defense
Energy
Mining
Others