Market revenue in 2024 | USD 1,027.0 million |
Market revenue in 2030 | USD 2,897.5 million |
Growth rate | 18.9% (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 61.64% in 2024. Horizon Databook has segmented the U.S. structural health monitoring market based on hardware, software & services covering the revenue growth of each sub-segment from 2018 to 2030.
Due to the aging condition of the country’s navigation infrastructure, government and private authorities need accurate and real-time information on the condition of infrastructure, such as dams, locks, and bridges operating beyond their lifespan.
To tackle this challenge, the U.S. Army Corps of Engineers (USACE) developed sensors that provide real-time, constant information on structural conditions. SHM can provide an estimate of the remaining life and reliability of the infrastructure component or systems and warn of impending failure.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. structural health monitoring market , including forecasts for subscribers. This country databook contains high-level insights into U.S. structural health monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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