South Korea Structural Health Monitoring Market Size & Outlook
South Korea structural health monitoring market, 2018-2030 (US$M)
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South Korea structural health monitoring market highlights
- The South Korea structural health monitoring market generated a revenue of USD 156.1 million in 2024 and is expected to reach USD 445.5 million by 2030.
- The South Korea 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.
Structural health monitoring market data book summary
| Market revenue in 2024 | USD 156.1 million |
| Market revenue in 2030 | USD 445.5 million |
| Growth rate | 19.1% (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, South Korea accounted for 4.2% 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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South Korea 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 62.33% in 2024. Horizon Databook has segmented the South Korea 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 South Korea Structural Health Monitoring (SHM) market can be attributed to the growing construction sector and increasing focus on smart cities in the country. Government initiatives promoting preventative maintenance and a growing emphasis on safety in the construction sector are further driving the demand for SHM solutions in South Korea.
Moreover, the country is expected to witness significant growth in wireless sensor technology due to the ease of installation in existing structures. Thus, the growing construction sector, favorable regulatory environment, and technological advancements are driving the South Korea SHM market growth.
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Target buyers of South Korea 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 South Korea structural health monitoring market , including forecasts for subscribers. This country databook contains high-level insights into South Korea structural health monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea structural health monitoring market size, by solution, 2018-2030 (US$M)
South Korea Structural Health Monitoring Market Outlook Share, 2024 & 2030 (US$M)
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