Structural Health Monitoring Market By Component (Hardware: Sensors, Data Acquisition Systems; Software: Design and Analysis, Parameter Identification and Tracking; Service: Installation Service, Design and Consulting Service, Operation and Maintenance Service); By Type (Wired Systems, Wireless Systems); By Application (Bridges and Dams, Buildings and Stadiums, Vessels and Platforms, Airframes and Wind Turbines, Large Machines and Equipment) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032
The Structural Health Monitoring Market size was valued at USD 1,950.00 million in 2018 to USD 3,643.84 million in 2024 and is anticipated to reach USD 13,856.86 million by 2032, at a CAGR of 18.22% during the forecast period.
The key drivers of the Structural Health Monitoring (SHM) market are the increasing demand for infrastructure safety, predictive maintenance, and the rise of smart cities. With heavy investments in infrastructure development globally, especially in emerging economies, SHM plays a crucial role in extending the life cycle of critical structures. It provides real-time monitoring, early detection of potential issues, and enhanced safety, leading to reduced maintenance costs. The growing use of sensors, IoT, and machine learning for predictive analytics is driving the adoption of advanced SHM solutions. Moreover, the increasing focus on sustainability, especially in construction and transportation, benefits from SHM’s ability to optimize resources, energy, and materials. Additionally, the rise in natural disasters, such as earthquakes and floods, is fueling the demand for resilient infrastructure, further contributing to market growth.
Regionally, North America holds a substantial share of the SHM market due to its well-established infrastructure and high adoption of monitoring technologies. The United States leads with significant applications across transportation, aerospace, and civil engineering sectors, driven by safety standards and government regulations. Europe follows closely, with countries like Germany, the UK, and France investing heavily in SHM systems for critical infrastructure, including bridges, dams, and highways. The growing trend of smart cities and IoT integration supports market expansion. The Asia Pacific region is expected to witness the highest growth, driven by rapid urbanization, industrialization, and large infrastructure projects in countries such as China, India, and Japan. Additionally, the rise of renewable energy projects in this region boosts SHM adoption for monitoring wind and solar farms. In the Middle East and Africa, growth is driven by large-scale infrastructure projects, while Latin America is gradually adopting SHM as part of infrastructure modernization efforts.
Market Insights:
The Structural Health Monitoring (SHM) Market was valued at USD 1,950 million in 2018 and is expected to reach USD 13,856.86 million by 2032, growing at a CAGR of 18.22%.
Key market drivers include the rising demand for infrastructure safety, predictive maintenance, and the increasing focus on smart city development, fueling SHM adoption globally.
Aging infrastructure, especially in developed nations, requires continuous monitoring to ensure safety and extend the life of critical structures, enhancing the growth of the SHM market.
The rapid integration of IoT technologies and smart city initiatives supports the increasing demand for SHM systems that provide real-time monitoring and predictive maintenance for urban infrastructure.
SHM solutions offer cost-saving benefits by enabling predictive maintenance, reducing costly repairs, and extending the life cycle of infrastructure assets.
The rise in natural disasters, such as earthquakes and floods, creates a strong demand for resilient infrastructure, further propelling the adoption of SHM systems in high-risk regions.
While the high initial cost of SHM systems and the complexity of managing large volumes of data remain challenges, these issues are being addressed through technological advancements and improved data management solutions.
Access crucial information at unmatched prices!
Request your sample report today & start making informed decisions powered by Credence Research Inc.!
Increasing Demand for Infrastructure Safety and Durability
The primary driver for the Structural Health Monitoring (SHM) market is the rising need for infrastructure safety and durability. Aging infrastructure across the globe, especially in developed countries, requires effective monitoring systems to ensure structural integrity. With the increasing focus on public safety, governments and private sectors are investing in advanced SHM technologies to detect faults or weaknesses in buildings, bridges, dams, and other critical structures. These systems provide early detection of potential issues, reducing the risks of catastrophic failures and expensive repairs. Over time, infrastructure resilience improves through the implementation of continuous monitoring, which is increasingly becoming a standard practice in construction and maintenance.
For instance, the I-35W St. Anthony Falls Bridge in Minnesota, USA, is equipped with an advanced SHM system from Geokon (a Nova Metrix company), including over 500 sensors such as vibrating wire strain gauges, tiltmeters, and temperature sensors. This system provides continuous, real-time monitoring of structural integrity, enabling early detection of anomalies and contributing directly to public safety and long-term durability.
Adoption of Smart Cities and IoT Technologies
The rapid development of smart cities is another significant factor driving the demand for SHM systems. Smart cities integrate IoT technologies, sensor networks, and data analytics to optimize urban living and infrastructure management. SHM solutions align well with this trend by providing real-time data on the health of buildings, roads, and other urban assets. With the increasing amount of data collected from various sensors, cities can use SHM systems to enhance decision-making and predict maintenance needs, reducing downtime and improving efficiency. The implementation of smart infrastructure is pushing SHM adoption across urban areas worldwide, enabling the creation of more sustainable and resilient environments.
Cost Efficiency and Predictive Maintenance Benefits
Structural Health Monitoring systems offer cost-saving opportunities, particularly through predictive maintenance. Regular inspections and repairs often incur high costs for both public and private sectors. SHM systems reduce these costs by offering early detection of issues, allowing for targeted maintenance only when necessary. Predictive maintenance extends the life cycle of structures and avoids unnecessary expenditures related to extensive repairs or replacements. The growing recognition of these financial benefits encourages more organizations to integrate SHM systems into their infrastructure management strategies, contributing to market growth.
For instance, on the Burj Khalifa in Dubai, Geokon’s vibrating wire sensors and data loggers are used to monitor strain and movement in the building’s superstructure. The SHM system’s continuous data stream has enabled targeted maintenance, reducing unnecessary inspections and repairs.
Response to Environmental and Natural Disaster Risks
The increasing frequency of environmental disasters, such as earthquakes, floods, and extreme weather events, has heightened the demand for resilient infrastructure. Structural Health Monitoring provides real-time information about how structures are performing under stress, making it easier to assess damage caused by these events. Countries with high exposure to natural disasters are prioritizing the use of SHM technologies to monitor the impact on critical infrastructure. The ability to quickly identify damage or weaknesses after a disaster reduces downtime and accelerates recovery efforts. This growing need for disaster-resistant infrastructure drives the demand for SHM solutions across high-risk regions.
Market Trends:
Integration of Advanced Sensor Technologies
The integration of advanced sensor technologies is a key trend in the Structural Health Monitoring (SHM) market. Modern SHM systems are increasingly incorporating a wide range of sensors, including fiber optic sensors, piezoelectric sensors, and wireless sensor networks. These sensors provide real-time data on the structural integrity of infrastructure, improving the accuracy and efficiency of monitoring. The development of more compact, cost-effective sensors also plays a crucial role in driving the widespread adoption of SHM systems, particularly in areas with limited budgets. These sensors can detect stress, strain, temperature, and vibrations, offering a comprehensive view of a structure’s health. The continuous advancements in sensor technology are making SHM systems more accessible and reliable, ensuring that they can be deployed across a variety of industries and infrastructures.
Nova Metrix, for example, has deployed high-precision vibrating wire strain gauges and fiber optic sensors with demonstrated accuracy and stability over decades, tolerating harsh environments in projects like the I-35W St. Anthony Falls Bridge (USA) and the Burj Khalifa (UAE).
Growth of Predictive Maintenance and Data Analytics
The rise of predictive maintenance is another prominent trend influencing the Structural Health Monitoring market. By leveraging the power of big data analytics and machine learning algorithms, SHM systems can predict potential failures before they occur, allowing for timely and cost-effective maintenance. This trend is particularly important in industries like transportation, construction, and energy, where unplanned downtime can lead to significant disruptions. The adoption of predictive maintenance is reducing the need for frequent manual inspections and enhancing operational efficiency. By continuously analyzing data gathered by sensors, SHM systems can identify patterns and provide actionable insights that help companies optimize maintenance schedules and resource allocation.
For example, Acellent’s software platform uses AI-driven pattern recognition to estimate crack length and damage severity, integrating with IoT cloud frameworks for remote alerts and reporting.
Adoption of SHM in Smart Cities and Urban Infrastructure
The integration of SHM solutions in smart city projects is an emerging trend that is transforming urban infrastructure management. As cities around the world grow and become more complex, the need for intelligent systems to monitor and manage infrastructure becomes critical. SHM technologies enable cities to monitor the health of roads, bridges, buildings, and other assets in real-time, providing valuable data that can be used to improve safety and efficiency. The deployment of SHM systems in smart cities is expected to grow as urban planners and governments seek to create more sustainable and resilient infrastructures. With the increasing incorporation of IoT and connected technologies, SHM is playing a pivotal role in the development of smart cities by providing insights that allow for more informed decision-making.
Increasing Focus on Sustainability and Resilient Infrastructure
Sustainability has become a major focus within the Structural Health Monitoring market, particularly in the context of aging infrastructure and growing environmental concerns. Governments and private sectors are focusing on creating more resilient structures that can withstand natural disasters, such as earthquakes, floods, and extreme weather events. SHM systems are crucial in ensuring these structures remain functional and safe, offering continuous monitoring to identify vulnerabilities. The emphasis on reducing carbon footprints and improving energy efficiency in construction is driving the demand for SHM technologies that optimize the use of resources and materials. As global climate change accelerates, the need for sustainable and resilient infrastructure continues to grow, reinforcing the importance of SHM systems in maintaining long-term infrastructure health.
Market Challenges Analysis:
High Initial Costs and Budget Constraints
One of the primary challenges in the Structural Health Monitoring (SHM) market is the high initial cost of installation and deployment. Advanced SHM systems require significant investment in sensors, software, and infrastructure, which can be a barrier for organizations, especially in emerging markets. The high upfront costs can deter smaller companies or government agencies from implementing these systems, despite their long-term benefits. While SHM technologies reduce maintenance costs and extend the life cycle of infrastructure, the initial financial outlay can be seen as prohibitive. Budget constraints and a lack of funding for large-scale infrastructure projects in certain regions also contribute to slow adoption. Overcoming these cost-related barriers requires both technological advancements to make systems more affordable and a shift in mindset to recognize the long-term value of investment in SHM.
Data Management and Integration Challenges
Another challenge facing the Structural Health Monitoring market is the complexity of managing and integrating large volumes of data generated by monitoring systems. SHM systems collect continuous data from a wide range of sensors, which can create difficulties in storage, analysis, and interpretation. Many organizations lack the necessary infrastructure or expertise to handle such extensive datasets, which can lead to inefficiencies in decision-making. Integrating data from different sources and ensuring its compatibility with existing infrastructure management systems also remains a challenge. Furthermore, the complexity of interpreting data and translating it into actionable insights requires advanced analytics tools and skilled personnel. Overcoming these challenges is essential to maximize the potential of SHM systems and ensure their effectiveness in real-world applications.
Market Opportunities:
Expansion in Emerging Markets
The Structural Health Monitoring (SHM) market presents significant opportunities for growth in emerging economies. Rapid urbanization, infrastructure development, and increased construction activities in regions such as Asia Pacific, Africa, and Latin America create a growing demand for advanced monitoring solutions. These regions are investing heavily in smart cities, transportation networks, and critical infrastructure projects, which will require real-time health monitoring to ensure safety and extend asset lifespans. As these markets continue to modernize, the demand for cost-effective and scalable SHM systems will rise, presenting an opportunity for companies to expand their offerings and strengthen their presence in these developing markets.
Integration with Emerging Technologies
The integration of SHM systems with emerging technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) offers new market opportunities. By leveraging these technologies, SHM solutions can become more sophisticated in predicting failures, optimizing maintenance schedules, and improving the overall performance of infrastructure. These advancements will enhance the appeal of SHM solutions across sectors like transportation, energy, and construction. The growing focus on sustainability and resilience further supports the market’s potential for integration with smart technologies, making SHM systems more efficient and adaptable to future infrastructure needs.
Market Segmentation Analysis:
The Structural Health Monitoring (SHM) Market is segmented into hardware, software & services, application, and technology segments, each playing a crucial role in the market’s growth.
By Solution Segments:
The hardware segment includes sensors, data acquisition systems, and other components essential for collecting and transmitting data. Sensors, such as fiber optics and piezoelectric types, lead the market, enabling precise monitoring of structural health. Data acquisition systems are integral for processing and analyzing sensor data, while other hardware components support the overall monitoring framework. The software & services segment includes solutions for data analysis, predictive maintenance, and reporting, driving the need for advanced algorithms and real-time decision-making.
By Application Segments:
The application segment includes bridges, dams, buildings, stadiums, vessels, platforms, airframes, wind turbines, and large machines. Bridges, rails, and dams require continuous monitoring to prevent failure. Buildings and stadiums also demand SHM systems to ensure safety and structural integrity. Airframes and wind turbines, due to their exposure to harsh environments, require specific monitoring techniques for long-term durability. Large machines and equipment benefit from SHM solutions to optimize performance and reduce downtime.
For instance, the Millau Viaduct in France uses a network of fiber optic sensors and environmental monitors integrated into a centralized SHM platform, allowing for real-time data collection and predictive maintenance.
By Technology Segments:
The SHM market is divided into wired and wireless technologies. Wired SHM systems provide reliable connections, while wireless SHM systems offer flexibility and easier installation, especially in remote areas. The growing shift towards wireless systems due to their cost-effectiveness and ease of deployment is driving market trends.
For instance, the Akashi Kaikyō Bridge in Japan uses a wired SHM system with accelerometers and displacement sensors, providing highly reliable, high-frequency data transmission for seismic and wind load monitoring.
Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!
The North America Structural Health Monitoring Market size was valued at USD 730.28 million in 2018, is expected to reach USD 1,353.65 million in 2024, and is anticipated to reach USD 5,132.08 million by 2032, at a CAGR of 18.20% during the forecast period. North America holds the largest market share in the global SHM market, accounting for a significant portion due to its highly developed infrastructure and extensive use of advanced monitoring technologies. The United States leads the market, with widespread applications across various industries such as aerospace, transportation, and civil engineering. Government regulations, focusing on infrastructure safety, and the increasing adoption of smart cities further drive market growth in the region. The focus on infrastructure modernization, coupled with technological advancements like IoT and AI, continues to fuel the demand for SHM solutions. North America’s market dominance is expected to continue due to ongoing infrastructure investments and growing awareness about the benefits of predictive maintenance.
Europe Structural Health Monitoring Market
The Europe Structural Health Monitoring Market size was valued at USD 415.35 million in 2018, is projected to reach USD 738.87 million in 2024, and is anticipated to reach USD 2,588.08 million by 2032, at a CAGR of 17.00% during the forecast period. Europe follows North America in market share, driven by strong investments in infrastructure, particularly in countries like Germany, the UK, and France. The region’s focus on sustainable and resilient infrastructure, along with regulations emphasizing safety and maintenance, supports the adoption of SHM technologies. The growing trend of smart cities and the integration of IoT solutions also contribute to the expanding market. With increasing urbanization and an aging infrastructure in several European countries, the demand for SHM solutions is expected to grow, ensuring long-term sustainability and performance of critical structures.
Asia Pacific Structural Health Monitoring Market
The Asia Pacific Structural Health Monitoring Market size was valued at USD 593.19 million in 2018, is projected to reach USD 1,136.66 million in 2024, and is expected to reach USD 4,791.82 million by 2032, at a CAGR of 19.80% during the forecast period. Asia Pacific is expected to experience the highest growth in the SHM market, driven by rapid urbanization, industrialization, and infrastructure development. Countries such as China, India, and Japan are major contributors to the market due to ongoing large-scale infrastructure projects and the need to monitor the health of critical structures. The rise of smart cities and investments in renewable energy projects, including wind and solar farms, further drive the demand for SHM solutions. The region’s expanding infrastructure projects provide substantial opportunities for SHM technology adoption, making it a key growth area globally.
Latin America Structural Health Monitoring Market
The Latin America Structural Health Monitoring Market size was valued at USD 99.84 million in 2018, is expected to reach USD 184.34 million in 2024, and is projected to reach USD 626.75 million by 2032, at a CAGR of 16.60% during the forecast period. Latin America is gradually increasing its adoption of SHM systems, driven by the modernization of infrastructure and urban development projects. Countries like Brazil and Mexico are investing heavily in critical infrastructure, such as bridges, roads, and dams, which require continuous monitoring for safety and longevity. Though the market share remains smaller compared to other regions, the demand for SHM solutions is growing steadily due to the need for more efficient and sustainable infrastructure management. The integration of SHM in urban planning and development projects in the region is expected to contribute significantly to market growth.
Middle East Structural Health Monitoring Market
The Middle East Structural Health Monitoring Market size was valued at USD 75.86 million in 2018, is expected to reach USD 132.98 million in 2024, and is anticipated to reach USD 450.26 million by 2032, at a CAGR of 16.50% during the forecast period. The Middle East is witnessing moderate growth in the SHM market, primarily driven by large-scale infrastructure projects in countries such as the UAE, Saudi Arabia, and Qatar. The construction of high-rise buildings, bridges, and transportation systems, along with an increasing focus on urban resilience, presents significant opportunities for SHM technology adoption. Investments in mega-projects like airports, stadiums, and smart cities further contribute to market expansion. As the region continues to develop and modernize, the demand for SHM systems to ensure the safety and longevity of infrastructure will grow, providing a valuable market for SHM solutions.
Africa Structural Health Monitoring Market
The Africa Structural Health Monitoring Market size was valued at USD 35.49 million in 2018, is projected to reach USD 97.35 million in 2024, and is anticipated to reach USD 267.87 million by 2032, at a CAGR of 12.30% during the forecast period. The African SHM market is relatively small but is expected to grow at a steady pace due to increasing infrastructure investments and urban development. Countries like South Africa, Nigeria, and Kenya are focusing on modernizing and expanding their infrastructure to meet the demands of growing populations. The market’s growth is also influenced by the rising need for resilient infrastructure, capable of withstanding natural disasters. The adoption of SHM technologies is expected to increase as governments and private sectors recognize the benefits of monitoring infrastructure health, enhancing safety and reducing maintenance costs. Despite the smaller market share, the opportunities in Africa are growing with ongoing infrastructure projects.
Key Player Analysis:
Acellent Technologies, Inc.
Campbell Scientific, Inc.
COWI A/S
Digitexx Data Systems, Inc.
Geocomp, Inc.
GEOKON
Hottinger Brüel & Kjaer (HBK)
James Fisher and Sons plc
Nova Ventures
National Instruments Corp
SIXENSE
Structural Monitoring Systems Plc
Competitive Analysis:
The competitive landscape of the Structural Health Monitoring (SHM) Market is marked by the presence of both established players and emerging companies. Key players such as Geosense Ltd., Kinemetrics Inc., and National Instruments Corporation dominate the market, offering a range of SHM solutions that integrate advanced sensors, data analytics, and software platforms. These companies leverage technological innovations like wireless sensor networks and fiber optic sensors to enhance monitoring accuracy and cost-effectiveness. Smaller players are focusing on niche applications and regional markets, providing customized solutions that cater to specific infrastructure sectors. Competition in the SHM market is intensifying as companies strive to integrate SHM technologies with emerging technologies such as IoT, artificial intelligence, and machine learning. Companies are also forming strategic partnerships with construction and engineering firms to expand their market reach and ensure the seamless integration of SHM systems in large-scale infrastructure projects.
Recent Developments:
In May 2024, Acellent Technologies was contracted by Korea Aerospace Industries (KAI) to supply its advanced structural health monitoring systems for the KF-21 fighter aircraft. Acellent’s custom SHM technology, based on its patented SMART Layer sensor network, will be integrated into the composite aerostructures of the aircraft to monitor damage and load throughout its lifecycle.
In Nov 2024, National Instruments (NI) launched a new modular Structural Health Monitoring system tailored for large-scale civil infrastructure. The system features plug-and-play sensor modules and cloud-based data analytics, enabling engineers to deploy, scale, and manage monitoring networks more efficiently for bridges, dams, and buildings.
In Dec 2023, Campbell Scientific launched the Aspen 10 Datalogger, a smart IoT-enabled device designed for seamless sensor integration and automated data transfer to the cloud. The Aspen 10 features automatic sensor recognition, a built-in IoT cellular modem, GPS for installation tracking, Bluetooth connectivity for on-site analysis, and an integrated solar panel with rechargeable battery. Its rugged design allows for outdoor use without additional enclosures, making it well-suited for remote SHM applications.
Market Concentration & Characteristics:
The Structural Health Monitoring (SHM) Market exhibits moderate concentration, with a few dominant players holding significant market share. Major companies like Geosense Ltd., Kinemetrics Inc., and National Instruments Corporation lead the market, providing comprehensive monitoring solutions across various sectors. These companies benefit from strong brand recognition, advanced technology, and extensive customer bases. However, the market also sees considerable competition from regional and specialized providers who cater to specific infrastructure needs. The market is characterized by continuous technological advancements, with a focus on integrating IoT, wireless sensor networks, and AI-driven analytics into SHM systems. The demand for customizable, scalable solutions is increasing, particularly in emerging economies. Companies are focusing on innovation, forming strategic partnerships, and expanding their geographic reach to maintain competitive advantages in this growing market.
Report Coverage:
The research report offers an in-depth analysis based on Solution Segments, Application and Technology. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.
Future Outlook:
The Structural Health Monitoring (SHM) market will continue to grow at a significant pace, driven by increased infrastructure investments worldwide.
Advancements in sensor technology, including fiber optics and wireless networks, will enhance monitoring capabilities and reduce costs.
The growing adoption of predictive maintenance will push the market toward more data-driven solutions, improving asset management.
The rise of smart cities and IoT integration will expand the adoption of SHM systems in urban infrastructure.
Government regulations focusing on safety and maintenance will increase the demand for SHM solutions.
Emerging economies in Asia Pacific, Latin America, and Africa will contribute to rapid market growth through infrastructure development.
The construction and transportation sectors will remain key drivers, with SHM technology becoming a standard for critical infrastructure projects.
Sustainability trends will fuel demand for SHM solutions that optimize resource usage and extend infrastructure lifespans.
The use of artificial intelligence and machine learning will enhance SHM systems, improving predictive analytics and decision-making.
Increased collaboration between SHM providers and construction firms will lead to more integrated and scalable monitoring solutions.
11.1.Structural Health Monitoring Market Overview by Region Segment
11.1.1. Global Structural Health Monitoring Market Revenue Share By Region
11.1.3.Regions
11.1.4.Global Structural Health Monitoring Market Revenue By Region
.1.6.Solution
11.1.7.Global Structural Health Monitoring Market Revenue By Solution
11.1.9.Application
11.1.10. Global Structural Health Monitoring Market Revenue By Application
11.1.12.Technology
11.1.13. Global Structural Health Monitoring Market Revenue By Technology
CHAPTER NO. 12 : NORTH AMERICA STRUCTURAL HEALTH MONITORING MARKET – COUNTRY ANALYSIS
12.1. North America Structural Health Monitoring Market Overview by Country Segment
12.1.1.North America Structural Health Monitoring Market Revenue Share By Region
12.2.North America
12.2.1.North America Structural Health Monitoring Market Revenue By Country
12.2.2.Solution
12.2.3.North America Structural Health Monitoring Market Revenue By Solution
12.2.4.Application
12.2.5.North America Structural Health Monitoring Market Revenue By Application
2.2.6.Technology
12.2.7.North America Structural Health Monitoring Market Revenue By Technology
2.3.U.S.
12.4.Canada
12.5.Mexico
CHAPTER NO. 13 : EUROPE STRUCTURAL HEALTH MONITORING MARKET – COUNTRY ANALYSIS
13.1. Europe Structural Health Monitoring Market Overview by Country Segment
13.1.1. Europe Structural Health Monitoring Market Revenue Share By Region
13.2.Europe
13.2.1.Europe Structural Health Monitoring Market Revenue By Country
13.2.2.Solution
13.2.3.Europe Structural Health Monitoring Market Revenue By Solution
13.2.4.Application
13.2.5. Europe Structural Health Monitoring Market Revenue By Application
13.2.6.Technology
13.2.7. Europe Structural Health Monitoring Market Revenue By Technology
13.3.UK
13.4.France
13.5.Germany
13.6.Italy
13.7.Spain
13.8.Russia
13.9. Rest of Europe
CHAPTER NO. 14 : ASIA PACIFIC STRUCTURAL HEALTH MONITORING MARKET – COUNTRY ANALYSIS
14.1.Asia Pacific Structural Health Monitoring Market Overview by Country Segment
14.1.1.Asia Pacific Structural Health Monitoring Market Revenue Share By Region
14.2.Asia Pacific
14.2.1. Asia Pacific Structural Health Monitoring Market Revenue By Country
14.2.2.Solution
14.2.3.Asia Pacific Structural Health Monitoring Market Revenue By Solution
14.2.4.Application
14.2.5.Asia Pacific Structural Health Monitoring Market Revenue By Application
14.2.5.Technology
14.2.7.Asia Pacific Structural Health Monitoring Market Revenue By Technology
14.3.China
14.4.Japan
14.5.South Korea
14.6.India
14.7.Australia
14.8.Southeast Asia
14.9. Rest of Asia Pacific
CHAPTER NO. 15 : LATIN AMERICA STRUCTURAL HEALTH MONITORING MARKET – COUNTRY ANALYSIS
15.1. Latin America Structural Health Monitoring Market Overview by Country Segment
15.1.1.Latin America Structural Health Monitoring Market Revenue Share By Region
15.2. Latin America
15.2.1. Latin America Structural Health Monitoring Market Revenue By Country
15.2.2.Solution
15.2.3. Latin America Structural Health Monitoring Market Revenue By Solution
15.2.4.Application
15.2.5.Latin America Structural Health Monitoring Market Revenue By Application
15.2.6.Technology
15.2.7.Latin America Structural Health Monitoring Market Revenue By Technology
15.3.Brazil
15.4.Argentina
15.5.Rest of Latin America
CHAPTER NO. 16 : MIDDLE EAST STRUCTURAL HEALTH MONITORING MARKET – COUNTRY ANALYSIS
16.1.Middle East Structural Health Monitoring Market Overview by Country Segment
16.1.1.Middle East Structural Health Monitoring Market Revenue Share By Region
16.2.Middle East
16.2.1. Middle East Structural Health Monitoring Market Revenue By Country
16.2.2.Solution
16.2.3.Middle East Structural Health Monitoring Market Revenue By Solution
16.2.4.Application
16.2.5.Middle East Structural Health Monitoring Market Revenue By Application
16.2.6. Technology
16.2.7.Middle East Structural Health Monitoring Market Revenue By Technology
16.3.GCC Countries
16.4. Israel
16.5. Turkey
16.6.Rest of Middle East
CHAPTER NO. 17 : AFRICA STRUCTURAL HEALTH MONITORING MARKET – COUNTRY ANALYSIS
17.1. Africa Structural Health Monitoring Market Overview by Country Segment
17.1.1.Africa Structural Health Monitoring Market Revenue Share By Region
17.2. Africa
17.2.1.Africa Structural Health Monitoring Market Revenue By Country
17.2.2.Solution
17.2.3.Africa Structural Health Monitoring Market Revenue By Solution
17.2.4.Application
17.2.5. Africa Structural Health Monitoring Market Revenue By Application
17.2.6.Technology
17.2.7. Africa Structural Health Monitoring Market Revenue By Technology
17.3. South Africa
17.4.Egypt
17.5.Rest of Africa
CHAPTER NO. 18 : COMPANY PROFILES
18.1. Acellent Technologies, Inc.
18.1.1.Company Overview
18.1.2.Product Portfolio
18.1.3.Financial Overview
18.1.4.Recent Developments
18.1.5.Growth Strategy
18.1.6.SWOT Analysis
18.2.Campbell Scientific, Inc.
18.3. COWI A/S
18.4. Digitexx Data Systems, Inc.
18.5. Geocomp, Inc.
18.6.GEOKON
18.7. Hottinger Brüel & Kjaer (HBK)
18.8. James Fisher and Sons plc
18.9. Nova Ventures
18.10. National Instruments Corp
18.11. SIXENSE
18.12. Structural Monitoring Systems Plc.
Ready to Transform Data into Decisions?
Request Your Sample Report and Start Your Journey of Informed Choices
Providing the strategic compass for industry titans.
Request Sample
We prioritize the confidentiality and security of your data. Our promise: your information remains private.
Frequently Asked Questions
What is the current size of the Structural Health Monitoring Market?
The Structural Health Monitoring (SHM) market was valued at USD 1,950.00 million in 2018 and is expected to reach USD 3,643.84 million by 2024, with a projected value of USD 13,856.86 million by 2032, growing at a CAGR of 18.22%.
What factors are driving the growth of the Structural Health Monitoring Market?
Growth is driven by the emphasis on public safety and infrastructure longevity, increased investments in infrastructure monitoring systems, and the need for preventive maintenance and early detection of structural issues. Government regulations mandating monitoring of critical infrastructure and technological advancements, such as wireless sensors, IoT integration, and data analytics, further drive adoption.
What are some challenges faced by the Structural Health Monitoring Market?
Challenges include high initial costs and complex installation processes, data management and integration issues, and a shortage of skilled professionals to design, implement, and maintain SHM systems. Regulatory compliance and the need for seamless data interoperability also pose challenges.
Who are the major players in the Structural Health Monitoring Market?
Major players include Siemens AG, Hottinger Brüel & Kjær (HBK), GEOKON, Acellent Technologies, Campbell Scientific, COWI A/S, Digitexx Data Systems, Geocomp Corporation, GeoSIG Ltd., and Nova Metrix LLC.
Which segment is leading the market share?
The hardware segment leads the market, driven by demand for sensors, data acquisition systems, and communication devices that enable accurate real-time data capture and transmission for monitoring critical infrastructure.
About Author
Sushant Phapale
ICT & Automation Expert
Sushant is an expert in ICT, automation, and electronics with a passion for innovation and market trends.
The report comes as a view-only PDF document, optimized for individual clients. This version is recommended for personal digital use and does not allow printing.
$4699
To meet the needs of modern corporate teams, our report comes in two formats: a printable PDF and a data-rich Excel sheet. This package is optimized for internal analysis and multi-location access, making it an excellent choice for organizations with distributed workforce.
$5699
The report will be delivered in printable PDF format along with the report’s data Excel sheet. This license offers 100 Free Analyst hours where the client can utilize Credence Research Inc.’s research team. It is highly recommended for organizations seeking to execute short, customized research projects related to the scope of the purchased report.
I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.
