Canada Structural Health Monitoring Market Size & Outlook
Canada structural health monitoring market, 2018-2030 (US$M)
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Canada structural health monitoring market highlights
- The Canada structural health monitoring market generated a revenue of USD 263.5 million in 2024 and is expected to reach USD 725.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 18.4% 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 263.5 million |
| Market revenue in 2030 | USD 725.2 million |
| Growth rate | 18.4% (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, Canada accounted for 7.2% 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 North America, U.S. structural health monitoring market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,897.5 million by 2030.
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Structural Health Monitoring Market Scope
Structural Health Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 58.52% in 2024. Horizon Databook has segmented the Canada structural health monitoring market based on hardware, software & services covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the Canada Structural Health Monitoring (SHM) market can be attributed to the growing research & development initiatives undertaken by the country.
For instance, in December 2023, York University’s Lassonde School of Engineering’s Civil Engineering Department announced that it is exploring the capabilities of ultra-high performance concrete (UHPC), which allows the material to achieve self-sensing and wireless Structural Health Monitoring (SHM).
This research is being conducted in collaboration with ceEntek Pte Ltd., a UHPC supplier. Such initiatives are leading to innovation in the market, thereby contributing to the Canada SHM market growth.
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Target buyers of Canada 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 Canada structural health monitoring market , including forecasts for subscribers. This country databook contains high-level insights into Canada structural health monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada structural health monitoring market size, by solution, 2018-2030 (US$M)
Canada Structural Health Monitoring Market Outlook Share, 2024 & 2030 (US$M)
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