Mexico Structural Health Monitoring Market Size & Outlook
Mexico structural health monitoring market, 2018-2030 (US$M)
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Mexico structural health monitoring market highlights
- The Mexico structural health monitoring market generated a revenue of USD 64.5 million in 2024 and is expected to reach USD 179.8 million by 2030.
- The Mexico 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 64.5 million |
| Market revenue in 2030 | USD 179.8 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, Mexico accounted for 1.8% 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 Latin America, Brazil structural health monitoring market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 223.0 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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Mexico 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 58.76% in 2024. Horizon Databook has segmented the Mexico structural health monitoring market based on hardware, software & services covering the revenue growth of each sub-segment from 2018 to 2030.
In January 2024, the Minister of Infrastructure, Mexico announced the upcoming delivery of more than 500 infrastructure projects worth an investment of MXN 220 billion (USD 12 billion), equivalent to 1.3% of the national GDP. These infrastructure investments are aimed at addressing regional socio-economic imbalances.
Mexico's significant infrastructure investments are expected to spur the growth of the Structural Health Monitoring (SHM) market. This surge in building bridges, roads, and other structures creates a significant need to ensure their long-term structural integrity.
As Mexico prioritizes infrastructure development, SHM solutions are poised to play a key role in safeguarding the integrity of these new structures.
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Target buyers of Mexico 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 Mexico structural health monitoring market , including forecasts for subscribers. This country databook contains high-level insights into Mexico structural health monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico structural health monitoring market size, by solution, 2018-2030 (US$M)
Mexico Structural Health Monitoring Market Outlook Share, 2024 & 2030 (US$M)
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