Structural Health Monitoring Market Report 2025

The structural health monitoring market size has grown rapidly in recent years. It will grow from $3.04 billion in 2024 to $3.49 billion in 2025 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to market recognition and acceptance, disaster mitigation efforts, increased government initiatives, development of wireless monitoring, pioneering shm applications.

The structural health monitoring market size is expected to see rapid growth in the next few years. It will grow to $6.25 billion in 2029 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to rise in smart cities initiatives, growth in remote monitoring solutions, integration of machine learning and ai, expansion in renewable energy infrastructure, regulatory emphasis on structural safety. Major trends in the forecast period include advancements in sensor technology, internet of things (iot) integration, demand for predictive maintenance, growing infrastructure development, adoption in aerospace and defense.

The increasing frequency of natural disasters is anticipated to drive the growth of the structural health monitoring market in the coming years. Natural calamities refer to catastrophic events that occur due to natural phenomena on Earth. Structural health monitoring plays a crucial role in preventing water and flood damage caused by the failure of dams, dykes, pipelines, and similar infrastructure during these disasters. For example, in January 2024, a report from the National Centers for Environmental Information (NCEI), a US government agency, revealed that in 2023, the U.S. experienced 28 separate weather and climate-related disasters, each inflicting damages of at least $1 billion. This marked a new record for the highest number of billion-dollar disasters in a single year. Thus, the rising frequency of natural calamities is driving the expansion of the structural health monitoring market.

The growth of the structural health monitoring market is anticipated to be fueled by the increase in infrastructure development. This expansion necessitates the continuous monitoring of newly constructed structures, the implementation of preventive maintenance strategies to extend asset lifespans, and adherence to government regulations and standards that mandate structural monitoring. Structural health monitoring (SHM) plays a vital role in optimizing asset management, improving safety and reliability in infrastructure, and supporting smart city initiatives. For example, in July 2024, the Office for National Statistics (ONS), a UK government department, reported that total general government investment in infrastructure increased by 9.6% to £26 billion ($28.76 billion) in current prices in 2022, compared to 2021. Thus, the rise in infrastructure development is driving the growth of the structural health monitoring market.

Technological advancement is a significant trend gaining traction in the structural health monitoring market. Key players in this sector are prioritizing the development of new technologies. For example, in February 2022, One Concern, a US-based climate resilience technology firm, launched One Concern Domino and One Concern DNA to bolster corporate resilience against climate change. Domino is a high-resolution digital twin solution that identifies ripple effects within complex societal networks, allowing businesses to assess "business resilience" beyond just physical asset damage. On the other hand, DNA offers property-level resilience analytics, enabling precise risk selection and benchmarking against other properties. Together, these tools leverage extensive data sets and machine learning to provide actionable insights regarding climate impacts, infrastructure downtime, and recovery costs, empowering decision-makers to proactively tackle climate risks.

Major companies in the structural health monitoring market are actively engaging in strategic partnerships to drive product innovation and fortify their market positions. Strategic partnerships involve companies capitalizing on each other's strengths and resources for mutual benefit and success. In November 2023, the American Bureau of Shipping (ABS), a US-based non-profit organization, entered into a partnership with Seatrium Limited, a Singapore-based shipbuilding and repairing company, aimed at advancing structural health monitoring (SHM) technologies in offshore structures. This collaboration includes assigning a Structural Health Monitoring Notation to ADMARINE 686, the world's first self-elevating drilling unit (SEDU), recognizing its capacity to monitor and analyze critical structural elements. Seatrium Offshore Technology, in conjunction with the Technology Centre for Offshore and Marine, Singapore, is actively developing a structural digital twin for the SEDU using sensor data, enabling advanced structural health monitoring. This initiative aligns with the companies' broader goal of integrating smart technologies into maritime assets, building on their past achievements in deploying smart technologies and developing intelligent LNG bunkering vessels.

In May 2022, Sercel, a leading French designer and manufacturer specializing in high-tech solutions for subsurface exploration, successfully completed the acquisition of Geocomp Corporation. The financial details of the transaction remain undisclosed. This strategic acquisition is poised to enhance Sercel's capabilities and pave the way for expanded services to a broader client base. Geocomp Corporation, based in the United States, is renowned for providing extensive geostructural design and performance monitoring services.

Major companies operating in the structural health monitoring market include Geokon, Campbell Scientific Inc., COWI A/S, Geocomp Corporation, Acellent Technologies Inc., Sixense, Structural Monitoring Systems Plc, Digitexx Data Systems Inc., Kinemetrics, National Instruments Corporation, Hottinger Baldwin Messtechnik GmbH, SGS Société Générale de Surveillance SA, James Fisher Strainstall, Strainstall Limited, Pure Technologies, RST Instruments Ltd., Smart Structures Inc., Hexagon AB, Hottinger Bruel & Kjaer (HBK) Test and Measurement, General Electric (GE) Sensing & Inspection Technologies, Dynastar SAS, B&K Vibro, ASI Technologies, Applied Acoustic Systems, Agilent Technologies.

Asia-Pacific was the largest region in the structural health monitoring market in 2024. The regions covered in the structural health monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the structural health monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Structural health monitoring (SHM) involves the application of tools for detecting and characterizing damage in crucial structures such as bridges, wind turbines, and tunnels. Its primary purpose is to ensure the structural integrity and safety of these infrastructures, monitor the progression of damage, and assess the overall performance of civil structures.

The main components of structural health monitoring include hardware, software, and associated services. Hardware refers to the physical components of a computer system or its delivery mechanisms that facilitate the storage and execution of software instructions. SHM systems utilize both wired and wireless connectivity for monitoring purposes. These monitoring systems find application in various sectors such as bridges and dams, buildings and stadiums, vessels and platforms, airframes and wind turbines, as well as large machinery and equipment. They serve diverse end-users including civil engineering, aerospace, defense, energy, mining, and other related industries.

The structural health monitoring market research report is one of a series of new reports that provides structural health monitoring market statistics, including structural health monitoring industry global market size, regional shares, competitors with a structural health monitoring market share, detailed structural health monitoring market segments, market trends and opportunities and any further data you may need to thrive in the structural health monitoring industry. This structural health monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The structural health monitoring market consists of revenues earned by entities by providing quantitative and reliable data on the real conditions of a bridge and observing its evolution and detecting the visual of degradations. The market value includes the value of related goods sold by the service provider or included within the service offering. The structural health monitoring market also includes sales of fiber optic sensors, accelerometers and vibrating wire transducers which are used in providing structural health monitoring services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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