Structural Health Monitoring Market

By Hardware Type;

Data Acquisition Systems ( DAS ), Communication Systems , Sensors, and Others

By Offering;

Hardware, Software, and Service

By Technology;

Wired SHM and Wireless SHM

By Application;

Fiber Optic, Acoustic Emission, Ultrasound, Thermography, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn649069171 Published Date: August, 2025

Structural Health Monitoring Market Overview

Structural Health Monitoring Market (USD Million)

Structural Health Monitoring Market was valued at USD 2,680.75 million in the year 2024. The size of this market is expected to increase to USD 6,811.62 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 14.3%.


Structural Health Monitoring Market

*Market size in USD million

CAGR 14.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)14.3 %
Market Size (2024)USD 2,680.75 Million
Market Size (2031)USD 6,811.62 Million
Market ConcentrationLow
Report Pages374
2,680.75
2024
6,811.62
2031

Major Players

  • COWI A/S
  • DIGI-TEXX
  • Geocomp Inc
  • GEOKON
  • GeoSIG Ltd
  • HBK
  • James Fisher and Sons plc
  • Kinemetrics
  • NATIONAL INSTRUMENTS CORP
  • Nova Ventures Group
  • Sixense

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Structural Health Monitoring Market

Fragmented - Highly competitive market without dominant players


The Structural Health Monitoring Market is witnessing rapid growth due to the increasing focus on infrastructure safety and risk management. As structures age and environmental stressors intensify, there's a surge in adopting real-time monitoring solutions. Over 62% of infrastructure projects now incorporate SHM systems to ensure safety, improve maintenance strategies, and reduce lifecycle costs.

Technology-Driven Advancements
The integration of advanced sensing technologies such as fiber optics, wireless sensors, and machine learning is revolutionizing SHM. These innovations offer higher accuracy and faster diagnostics. Approximately 57% of monitoring systems now rely on intelligent data analytics to detect structural anomalies and predict failure events before they occur.

Increased Adoption Across Industries
SHM is no longer limited to bridges or buildings. There's a significant increase in adoption across sectors such as energy, aerospace, and transportation, where safety is paramount. Around 48% of SHM installations are now deployed outside traditional construction applications, indicating the market’s expanding influence.

Regulatory Pressures and Safety Compliance
Stringent safety regulations are pushing stakeholders to adopt SHM systems to meet compliance requirements. With over 53% of infrastructure inspections now requiring digital monitoring tools, the market is being reshaped by both regulatory standards and the growing demand for transparency in structural integrity reporting.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Hardware Type
    2. Market Snapshot, By Offering
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Structural Health Monitoring Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing concerns about aging infrastructure

        2. Rising frequency of natural disasters

        3. Growing adoption of advanced sensor technologies

      2. Restraints
        1. Challenges related to data management

        2. Limited interoperability

        3. Concerns about data privacy and security

      3. Opportunities
        1. Integration of artificial intelligence and machine learning

        2. Expansion of structural health monitoring applications

        3. Development of wireless sensor networks

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Structural Health Monitoring Market, By Hardware Type, 2021 - 2031 (USD Million)

      1. Data Acquisition Systems ( DAS )

      2. Communication Systems

      3. Sensors

      4. Others

    2. Structural Health Monitoring Market, By Offering, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
      3. Service
    3. Structural Health Monitoring Market, By Technology, 2021 - 2031 (USD Million)
      1. Wired SHM

      2. Wireless SHM

    4. Structural Health Monitoring Market, By Application, 2021 - 2031 (USD Million)
      1. Fiber Optic

      2. Acoustic Emission

      3. Ultrasound

      4. Thermography

      5. Others

    5. Structural Health Monitoring Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. COWI A/S
      2. DIGI-TEXX
      3. Geocomp Inc
      4. GEOKON
      5. GeoSIG Ltd
      6. HBK
      7. James Fisher and Sons plc
      8. Kinemetrics
      9. NATIONAL INSTRUMENTS CORP
      10. Nova Ventures Group
      11. Sixense
  7. Analyst Views
  8. Future Outlook of the Market