Market revenue in 2024 | USD 862.5 million |
Market revenue in 2030 | USD 2,392.7 million |
Growth rate | 18.5% (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 |
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 |
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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 63.01% in 2024. Horizon Databook has segmented the Europe structural health monitoring market based on hardware, software & services covering the revenue growth of each sub-segment from 2018 to 2030.
European countries are witnessing significant investments to improve their existing infrastructure. For instance, in October 2022, Italian authorities announced EUR 3.9 billion (USD 3.85 billion) in funding to improve the country’s water infrastructure and reduce leaks in agricultural areas and cities.
Approximately 60% of the total funding was allotted to projects in southern Italy, which required urgent maintenance of aqueducts, agricultural water networks, reservoirs, and irrigation channels. The maintenance of water infrastructure necessitates the use of structural health monitoring systems.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe structural health monitoring market , including forecasts for subscribers. This continent databook contains high-level insights into Europe structural health monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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