North America Structural Health Monitoring Market Size & Outlook
North America structural health monitoring market, 2018-2030 (US$M)
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North America structural health monitoring market highlights
- The North America structural health monitoring market generated a revenue of USD 1,290.5 million in 2024.
- The market is expected to grow at a CAGR of 18.8% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 1,290.5 million |
| Market revenue in 2030 | USD 3,622.7 million |
| Growth rate | 18.8% (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, North America region accounted for 35.0% 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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North 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 60.99% in 2024. Horizon Databook has segmented the North America 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 Structural Health Monitoring (SHM) market in North America can be attributed to the high investments undertaken by countries such as the U.S. and Canada for infrastructure development. Both government and private sectors support these large-scale infrastructure development activities.
For instance, in November 2021, the U.S. government signed the Infrastructure Investment and Jobs Act (IIJA), alternatively known as the Bipartisan Infrastructure Law (BIL). The law allotted USD 1.2 trillion for infrastructure and transportation. BIL directs federal funds toward energy, transportation, and climate infrastructure projects, most of which are distributed via state and local governments.
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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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America structural health monitoring market , including forecasts for subscribers. This continent databook contains high-level insights into North America structural health monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America structural health monitoring market size, by country, 2018-2030 (US$M)
North America Structural Health Monitoring Market Outlook Share, 2024 & 2030 (US$M)
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