Report Overview
The Structural Health Monitoring (SHM) Market will reach US$6.66 billion in 2030 from US$3.25 billion in 2025 at a CAGR of 15.45% during the forecast period.
Highlights:
- 1Structural health monitoring is being widely adopted for real-time infrastructure assessment.
- 2IoT and wireless sensor solutions are driving market growth.
- 3Civil infrastructure and energy sectors are leading adoption.
- 4North America holds a significant market share.
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 Scope
| Report Metric | Details |
|---|---|
| Total Market Size in 2025 | USD 3.25 billion |
| Total Market Size in 2030 | USD 6.66 billion |
| Forecast Unit | Billion |
| Growth Rate | 15.45% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Segmentation | Type, Component, Industry Vertical, Geography |
| Companies |
|
Market Segmentation
By Type
By Component
By Industry Vertical
By Geography
Table of Contents
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
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