Global Structural Health Monitoring Market Size & Outlook
Global structural health monitoring market, 2018-2030 (US$M)
Related Markets
Global structural health monitoring market highlights
- The global structural health monitoring market generated a revenue of USD 3,683.9 million in 2024 and is expected to reach USD 10,482.0 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 19% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 2,289.8 million in 2024.
- Software & Services is the most lucrative solution segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, South Africa is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 3,683.9 million |
| Market revenue in 2030 | USD 10,482.0 million |
| Growth rate | 19% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software & Services |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software & Services |
Other key industry trends
- In terms of revenue, the North America accounted for 35.0% of the global structural health monitoring market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 99.3 million by 2030.
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Structural Health Monitoring Market Scope
Structural Health Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global structural health monitoring market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to structural health monitoring market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 62.16% in 2024. Horizon Databook has segmented the Global structural health monitoring market based on hardware, software & services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Structural Health Monitoring Solution Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Sensors
- Data Acquisition Syatems
- Others
- Software & Services
- Hardware
- Global Structural Health Monitoring Technology Outlook (Revenue, USD Million, 2018-2030)
- Wired SHM
- Wireless SHM
- Global Structural Health Monitoring Application Outlook (Revenue, USD Million, 2018-2030)
- Bridges & Dams
- Buildings & Statdiums
- Vessels & Platforms
- Airframes & Wind Turbines
- Large Machines & Equipments
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Target buyers of Global structural health monitoring market databook
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Our clientele includes a mix of structural health monitoring market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global structural health monitoring market , including forecasts for subscribers. This global databook contains high-level insights into Global structural health monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global structural health monitoring market size, by regions, 2018-2030 (US$M)
Top 10 countries: Structural health monitoring market size, 2024 (US$M)
Global structural health monitoring market share, by solution, 2024 & 2030 (%, US$M)
Structural health monitoring market: Opportunity assessment by country
Global structural health monitoring market, by region, 2024 (US$M)
| Solution | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 498.5 | 582.5 | 681.6 | 797.9 | 935.0 | 1,097.4 | 1,290.5 | 1,521.2 | 1,798.1 | 2,137.2 | 2,546.5 | 3,046.8 | 3,622.7 | 18.8% |
| Europe | 345.9 | 401.5 | 466.7 | 542.9 | 632.3 | 737.7 | 862.5 | 1,010.9 | 1,188.4 | 1,401.0 | 1,658.3 | 1,971.0 | 2,392.7 | 18.5% |
| Asia Pacific | 318.5 | 377.1 | 447.2 | 530.7 | 630.5 | 750.4 | 895.1 | 1,070.3 | 1,283.6 | 1,541.3 | 1,859.8 | 2,253.2 | 2,754.2 | 20.6% |
| Latin America | 85.3 | 99.3 | 115.9 | 135.2 | 158.0 | 185.0 | 217.0 | 256.2 | 303.5 | 360.6 | 430.2 | 515.3 | 620.1 | 19.1% |
| MEA | 171.2 | 198.1 | 229.5 | 266.2 | 309.0 | 359.4 | 418.9 | 488.4 | 571.1 | 669.2 | 787.5 | 930.5 | 1,092.2 | 17.3% |
| Overall | 1,419.3 | 1,658.5 | 1,940.9 | 2,272.8 | 2,664.9 | 3,129.9 | 3,683.9 | 4,346.9 | 5,144.6 | 6,109.2 | 7,282.2 | 8,716.8 | 10,482.0 | 19.0% |
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