Australia Structural Health Monitoring Market Size & Outlook
Australia structural health monitoring market, 2018-2030 (US$M)
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Australia structural health monitoring market highlights
- The Australia structural health monitoring market generated a revenue of USD 75.9 million in 2024 and is expected to reach USD 211.4 million by 2030.
- The Australia market is expected to grow at a CAGR of 18.6% from 2025 to 2030.
- In terms of segment, hardware was the largest revenue generating solution in 2024.
- Software & Services is the most lucrative solution segment registering the fastest growth during the forecast period.
Structural health monitoring market data book summary
| Market revenue in 2024 | USD 75.9 million |
| Market revenue in 2030 | USD 211.4 million |
| Growth rate | 18.6% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software & Services |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software & Services |
| Key market players worldwide | Highbank Resources Ltd, Emerson Electric Co, Xylem Inc, Acellent Technologies, Campbell Scientific, COWI, DIGI-TEXX Vietnam, Geocomp, GEOKON, GeoSIG, James Fisher and Sons plc, Kinemetrics, Inc., Nova Ventures, Sixense, Structural Monitoring Systems |
Other key industry trends
- In terms of revenue, Australia accounted for 2.1% of the global structural health monitoring market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China structural health monitoring market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,110.1 million by 2030.
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Structural Health Monitoring Market Scope
Structural Health Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 69.7% in 2024. Horizon Databook has segmented the Australia structural health monitoring market based on hardware, software & services covering the revenue growth of each sub-segment from 2018 to 2030.
Australia's Structural Health Monitoring (SHM) market is driven by stringent government regulations for infrastructure safety and a growing focus on extending the lifespan of aging assets.
Furthermore, the harsh climate conditions in Australia necessitate close monitoring of infrastructure, creating a strong demand for robust and reliable SHM systems.
Additionally, the growth of the mining industry and its reliance on structurally sound facilities is fostering the market growth.
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Target buyers of Australia 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 country-level data and insights on the Australia structural health monitoring market , including forecasts for subscribers. This country databook contains high-level insights into Australia structural health monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia structural health monitoring market size, by solution, 2018-2030 (US$M)
Australia Structural Health Monitoring Market Outlook Share, 2024 & 2030 (US$M)
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