Structural Health Monitoring (SHM) Market Size, Share, Opportunities, And Trends By Type (Wired, Wireless), By Component (Hardware, Software, Services), By Industry Vertical (Civil Infrastructure, Aerospace and Defense, Oil and Gas, Energy and Power, Others), And By Geography - Forecasts From 2023 To 2028

The Structural Health Monitoring (SHM) Market will reach US$6.656 billion in 2030 from US$3.245 billion in 2025 at a CAGR of 15.45% during the forecast period.

Structural health monitoring is a monitoring technique that aims to provide data regarding structural integrity in real time. SHM helps in regular maintenance and overcomes the costly and ineffective procedure of manual inspection. In addition, the structural integrity could be determined after major disasters and make necessary changes to improve its life expectancy. The development of state-of-the-art IoT solutions and the popularity of this technique are the major factors driving the demand for this technology. However, the high initial cost of setting up the necessary infrastructure will inhibit the growing demand for SHM solutions.

By industry vertical, the global structural health monitoring market has been segmented as civil infrastructure, aerospace and defense, oil and gas, and energy and power among others. Civil infrastructure held a significant market share owing to the deployment of SHM solutions on major infrastructure settings such as bridges, buildings, and dams among many others. The development of cost-effective solutions will boost the demand for SHM solutions in civil infrastructure. The energy and power industry is projected to witness substantial growth throughout the projected period owing to favorable government policies and increasing investment in renewable energy worldwide.

By geography, the global structural health monitoring market has been segmented as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Each region has been further segmented into major countries of their respective regions. Globally, North America and Europe held a significant market share on account of the early adoption of technology and advancements in the field of cost-effective wireless sensors. Impressive economic growth and the trend of automation will boost the demand for these solutions in the Asia Pacific region. Oil and gas exploration activities require constant monitoring of the subsea structures and this will augment the SHM demand in the Middle East and African region. One of the major factors affecting the growth of this market in the South American region is economic recovery and an increase in overall infrastructure spending.

The structural health monitoring (SHM) market report provides an in-depth analysis of the industry landscape, delivering strategic and executive-level insights backed by data-driven forecasts and analysis. This regularly updated report equips decision-makers with actionable intelligence on current market trends, emerging opportunities, and competitive dynamics. The Structural Health Monitoring (SHM) market is experiencing rapid growth, driven by advancements in technology, aging infrastructure, and increasing safety regulations.  The report also investigates technological advancements, key government policies, regulations, and macroeconomic factors, offering a comprehensive view of the market.

Structural Health Monitoring (SHM) Market Segmentations:

Structural Health Monitoring (SHM) Market Segmentation by type:

The market is analyzed by type into the following:

• Wired
• Wireless

Structural Health Monitoring (SHM) Market Segmentation by component:

The market is analyzed by component into the following:

• Hardware
• Software
• Services

Structural Health Monitoring (SHM) Market Segmentation by industry vertical:

The market is analyzed by industry vertical into the following:

• Civil Infrastructure
• Aerospace and Defense
• Oil and Gas
• Energy and Power
• Others

Structural Health Monitoring (SHM) Market Segmentation by regions:

The study also analyzed the structural health monitoring (SHM) in the following regions, with country-level forecasts and analysis as below:

• North America (US, Canada, and Mexico)
• South America (Brazil, Argentina, and Others)
• Europe (Germany, UK, France, Spain and Others
• Middle East and Africa (Saudi Arabia, UAE and Others)
• Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others)

Structural Health Monitoring (SHM) Market Competitive Landscape:

The structural health monitoring (SHM) market features key players such as SGS SA, HBM (Member Of Spectris Plc), Safran Colibrys SA, CTL Group, Sensuron, Osmos Group SA, Guralp Systems Ltd, TWI, Ltd., GeoSIG Ltd, Senceive Ltd, Villari B.V., and VCS Engineering, Inc. among others. 

Structural Health Monitoring (SHM) Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• Market size, forecasts, and trends by different types, with historical revenue data and analysis focusing on key factors driving adoption, current challenges faced by key players, and major growth areas.
• Market size, forecasts, and trends by technology, with historical revenue data and analysis.
• Market size, forecasts, and trends by application, with historical revenue data and analysis across various segments.
• The integration of AI, machine learning, IoT-enabled devices, and wireless sensor networks has revolutionized SHM systems by enabling predictive maintenance and real-time anomaly detection
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents a complete market scenario with the help of Porter’s five forces model. 
• Competitive Intelligence: A thorough investigation of the competitive structure of the market presented through a proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players, and recent major developments undertaken by the companies to gain a competitive edge. 
• Research methodology: The assumptions and sources that were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure the most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented. 

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• Option of purchasing specific segments of the study, including opting for summary reports or just the estimates file. 

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. STRUCTURAL HEALTH MONITORING (SHM) MARKET BY TYPE

5.1. Introduction

5.2. Wired

5.3. Wireless

6. STRUCTURAL HEALTH MONITORING (SHM) MARKET BY COMPONENT

6.1. Introduction

6.2. Hardware

6.3. Software

6.4. Services

7. STRUCTURAL HEALTH MONITORING (SHM) MARKET BY INDUSTRY VERTICAL

7.1. Introduction

7.2. Civil Infrastructure

7.3. Aerospace and Defense

7.4. Oil and Gas

7.5. Energy and Power

7.6. Others

8. STRUCTURAL HEALTH MONITORING (SHM) MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. India

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indosneisa

8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. SGS SA

10.2. HBM (Member Of Spectris Plc)

10.3. Safran Colibrys SA

10.4. CTL Group

10.5. Sensuron

10.6. Osmos Group SA

10.7. Guralp Systems Ltd

10.8. TWI, Ltd.

10.9. GeoSIG Ltd

10.10. Senceive Ltd

10.11. Villari B.V.

10.12. VCS Engineering, Inc.

11. APPENDIX

11.1. Currency 

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology 

11.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

SGS SA 

HBM (Member Of Spectris Plc) 

Safran Colibrys SA 

CTL Group 

Sensuron 

Osmos Group SA 

Guralp Systems Ltd 

TWI, Ltd. 

GeoSIG Ltd 

Senceive Ltd 

Villari B.V. 

VCS Engineering, Inc.