Structural Health Monitoring (SHM) Market - Forecasts from 2025 to 2030

The Structural Health Monitoring (SHM) Market will reach US$6.656 billion in 2030 from US$3.245 billion in 2025 at a CAGR of 15.45% during the forecast period.

Structural health monitoring (SHM) is a technique designed to deliver real-time data on a structure's integrity, enabling regular maintenance and replacing costly, inefficient manual inspections. SHM also assesses structural integrity post-disasters, allowing adjustments to extend a structure's lifespan. The rise of advanced IoT solutions and the increasing adoption of this technology are key drivers of demand. However, the high initial costs of establishing SHM infrastructure may hinder market growth.

The global SHM market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, with each region further segmented into major countries. North America and Europe lead in market share due to early technology adoption and advancements in cost-effective wireless sensors. In the Asia Pacific, robust economic growth and automation trends are driving demand. In the Middle East and Africa, the need for continuous monitoring of subsea structures in oil and gas exploration boosts SHM adoption. In South America, economic recovery and increased infrastructure investments are key factors supporting market growth.

Some of the major players covered in this report include SGS SA, HBM (Member Of Spectris Plc), Safran Colibrys SA, CTL Group, Sensuron, Osmos Group SA, Guralp Systems Ltd, TWI, Ltd., GeoSIG Ltd, Senceive Ltd, Villari B.V., and VCS Engineering, Inc. among others.

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Structural Health Monitoring (SHM) Market Segmentations:

Structural Health Monitoring (SHM) Market Segmentation by type:

The market is analyzed by type into the following:

• Wired
• Wireless

Structural Health Monitoring (SHM) Market Segmentation by component:

The market is analyzed by component into the following:

• Hardware
• Software
• Services

Structural Health Monitoring (SHM) Market Segmentation by industry vertical:

The market is analyzed by industry vertical into the following:

• Civil Infrastructure
• Aerospace and Defense
• Oil and Gas
• Energy and Power
• Others

Structural Health Monitoring (SHM) Market Segmentation by regions:

The study also analyzed the structural health monitoring (SHM) in the following regions, with country-level forecasts and analysis as below:

• North America (US, Canada, and Mexico)
• South America (Brazil, Argentina, and Others)
• Europe (Germany, UK, France, Spain and Others
• Middle East and Africa (Saudi Arabia, UAE and Others)
• Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others)

Structural Health Monitoring (SHM) Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• Market size, forecasts, and trends by different types, with historical revenue data and analysis focusing on key factors driving adoption, current challenges faced by key players, and major growth areas.
• Market size, forecasts, and trends by technology, with historical revenue data and analysis.
• Market size, forecasts, and trends by application, with historical revenue data and analysis across various segments.
• The integration of AI, machine learning, IoT-enabled devices, and wireless sensor networks has revolutionized SHM systems by enabling predictive maintenance and real-time anomaly detection
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents a complete market scenario with the help of Porter's five forces model.
• Competitive Intelligence: A thorough investigation of the competitive structure of the market presented through a proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players, and recent major developments undertaken by the companies to gain a competitive edge.
• Research methodology: The assumptions and sources that were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure the most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented.

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