Market revenue in 2024 | USD 151.1 million |
Market revenue in 2030 | USD 416.4 million |
Growth rate | 18.4% (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 |
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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 62.48% in 2024. Horizon Databook has segmented the UAE structural health monitoring market based on hardware, software & services covering the revenue growth of each sub-segment from 2018 to 2030.
The UAE market for structural health monitoring is predicted to witness growth due to growing construction projects backed by government investments. The government of UAE has planned a 34% increase in spending on construction for 2024, which has increased the number of construction projects being released for tender.
The government is specifically investing in public infrastructure and energy projects, such as Dubai Metro Blue Line, Al Maktoum Airport, Etihad Rail, and Hessa Street.
In addition, growing renewable energy projects are also anticipated to support the growth of SHM. For instance, in October 2023, the UAE launched its first 103.5-megawatt wind project of a commercial size, run by Masdar, a renewable energy firm.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE structural health monitoring market , including forecasts for subscribers. This country databook contains high-level insights into UAE structural health monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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