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.
Partial client list
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)
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