Global Structural Health Monitoring Market is estimated to be valued at USD 2.39 Bn in 2025 and is expected to reach USD 5.69 Bn by 2032, growing at a compound annual growth rate (CAGR) of 13.2% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 2.39 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
13.20%
2032 Value Projection:
USD 5.69 Bn
Figure. Structural Health Monitoring Market Share (%), By Region 2025
The global structural health monitoring market is witnessing significant growth in the recent years. Structural health monitoring (SHM) refers to the process of implementing a damage detection and characterization strategy for aerospace, civil, and mechanical engineering infrastructures. It involves deploying a network of sensors to constantly and automatically monitor the condition and performance of these structures. Factors, such as growing need for safety and maintenance of crucial infrastructures like buildings, bridges, and power plants, are driving the demand for SHM solutions globally. Advancements in sensor technologies and capabilities of structural monitoring systems have made the process more effective and affordable. These capabilities allow the early detection of cracks, corrosion, or other defects in structures which helps prevent catastrophic failures and reduces maintenance costs over the structure's lifetime.
Market Dynamics:
The global structural health monitoring market is driven by growing emphasis on preventive maintenance of critical infrastructure worldwide. Rising spending on upgrading aging structures like bridges, tunnels, dams, etc. coupled with stringent safety regulations is positively impacting the market growth. Additionally, structural health monitoring solutions help reduce maintenance costs over the lifetime of assets by enabling condition-based maintenance instead of routine maintenance. Advancements in sensor technologies allowing multi-parameter monitoring using smart sensors is another key growth driver. However, high initial installation and procurement costs limit wider adoption of these solutions. Lack of industry standards and skilled workforce poses a challenge as well. Growing investments in smart city projects especially in developing economies present a lucrative opportunity for market players. Integration of artificial intelligence and IoT capabilities also opens up new growth avenues over the forecast period.
Key Features of the Study:
This report provides in-depth analysis of the global structural health monitoring market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global structural health monitoring market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Acellent Technologies, Inc., Advitam Inc., Campbell Scientific, COWI A/S, Digitexx Data Systems, Inc., Feac Engineering, Geocomp Corporation, Geokon, Hottinger Baldwin Messtechnik GmbH, Kinemetrics Inc., National Instruments Corporation, Nova Metrix LLC, Pure Technologies, Sixense, and Strainstall UK Limited
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global structural health monitoring market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global structural health monitoring market
Detailed Segmentation:
By Offering
Hardware
Software
Services
By Technology
Wired SHM
Wireless SHM
By Application
Bridges & Dams
Buildings & Stadiums
Vessels & Platforms
Airframes & Wind Turbines
Large Machines & Equipment's
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players Insights
Acellent Technologies, Inc.
Advitam Inc.
Campbell Scientific
COWI A/S
Digitexx Data Systems, Inc.
Feac Engineering
Geocomp Corporation
Geokon
Hottinger Baldwin Messtechnik GmbH
Kinemetrics Inc.
National Instruments Corporation
Nova Metrix LLC
Pure Technologies
Sixense
Strainstall UK Limited
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Offering
Market Snippet, By Technology
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic
4. Global Structural Health Monitoring Market, By Offering, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Hardware
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Software
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Services
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
5. Global Structural Health Monitoring Market, By Technology, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Wired SHM
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Wireless SHM
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
6. Global Structural Health Monitoring Market, By Application, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Bridges & Dams
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Buildings & Stadiums
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Vessels & Platforms
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Airframes & Wind Turbines
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
Large Machines & Equipment's
Introduction
Market Size and Forecast, 2020-2032, (US$ Bn)
7. Global Structural Health Monitoring Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
North America
Regional Trends
Market Size and Forecast, By Offering, 2020-2032, (US$ Bn)
Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
Market Size and Forecast, By Application, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Offering, 2020-2032, (US$ Bn)
Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
Market Size and Forecast, By Application, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Offering, 2020-2032, (US$ Bn)
Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
Market Size and Forecast, By Application, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Offering, 2020-2032, (US$ Bn)
Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
Market Size and Forecast, By Application, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Offering, 2020-2032, (US$ Bn)
Market Size and Forecast, By Technology, 2020-2032, (US$ Bn)
Market Size and Forecast, By Application, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)