Latin America Structural Health Monitoring Market Size & Outlook
Latin America structural health monitoring market, 2018-2030 (US$M)
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Latin America structural health monitoring market highlights
- The Latin America structural health monitoring market generated a revenue of USD 217.0 million in 2024.
- The market is expected to grow at a CAGR of 19.1% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 217.0 million |
| Market revenue in 2030 | USD 620.1 million |
| Growth rate | 19.1% (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 |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.9% of the global structural health monitoring market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,754.2 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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Latin America 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 60.32% in 2024. Horizon Databook has segmented the Latin America structural health monitoring market based on hardware, software & services covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America Structural Health Monitoring (SHM) market is witnessing growth, driven by a confluence of regional trends. Most of Latin America’s infrastructures, such as bridges and buildings, are older and nearing the end of their lifespan, creating an urgent need for preventative measures.
Structural health monitoring offers a proactive approach, allowing for early detection of damage and preventing costly repairs or catastrophic failures. Moreover, recent economic improvements in some Latin American countries are leading to increased investments in infrastructure development.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America structural health monitoring market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America structural health monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America structural health monitoring market size, by country, 2018-2030 (US$M)
Latin America Structural Health Monitoring Market Outlook Share, 2024 & 2030 (US$M)
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