India Structural Health Monitoring Market Size & Outlook
India structural health monitoring market, 2018-2030 (US$M)
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India structural health monitoring market highlights
- The India structural health monitoring market generated a revenue of USD 146.1 million in 2024 and is expected to reach USD 478.1 million by 2030.
- The India market is expected to grow at a CAGR of 21.8% 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 146.1 million |
| Market revenue in 2030 | USD 478.1 million |
| Growth rate | 21.8% (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, India accounted for 4.0% 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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India 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 62.7% in 2024. Horizon Databook has segmented the India structural health monitoring market based on hardware, software & services covering the revenue growth of each sub-segment from 2018 to 2030.
In September 2023, Researchers at the Indian Institute of Technology (IIT) in Mandi, in partnership with France’s National Institute for Research in Digital Science and Technology (INRIA), announced their significant research progress in the field of Structural Health Monitoring (SHM).
The researchers are leveraging signal processing techniques and artificial intelligence (AI) algorithms to accurately predict the structural health of bridges and other critical infrastructure.
The application of these AI algorithms extends beyond bridges and can be adopted for assessing the health of various structures, including transmission towers, aerospace structures, buildings, ropeways, and other components of essential infrastructure that require regular health assessments and protective measures.
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Target buyers of India 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 India structural health monitoring market , including forecasts for subscribers. This country databook contains high-level insights into India structural health monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India structural health monitoring market size, by solution, 2018-2030 (US$M)
India Structural Health Monitoring Market Outlook Share, 2024 & 2030 (US$M)
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