Structural Health Monitoring Market Updates

Structural Health Monitoring Market size was valued at USD 2.43 Billion in 2023 and is poised to grow from USD 2.68 Billion in 2024 to USD 5.87 Billion by 2032, growing at a CAGR of 10.30% during the forecast period (2025-2032).

The competitive scenario in the structural health monitoring market is characterized by several key players, a mix of global companies and specialist technology companies. These companies are based on innovations, technological advancements, supply chains and networking it competes based on direction. The market is growing rapidly as more and more manufacturers incorporate SHM systems to ensure safety, longevity and regulatory compliance. 'COWI A/S (Denmark) ', 'Campbell Scientific, Inc. (US) ', 'Geokon (US) ', 'Nova Metrix (US) ', 'SGS SA (Switzerland) ', 'Trimble Inc. (US) ', 'Sixense (France) ', 'Structural Monitoring Systems PLC. (UK) ', 'Acellent Technologies, Inc. (US) ', 'Digitexx Data Systems, Inc. (US) ', 'BDI (US) ', 'Sisgeo (Italy) ', 'AVT Reliability (UK) ', 'Geomotion Singapore (Singapore) ', 'Kinemetrics (US) ', 'FEAC Engineering P.C. (US) ', 'EFI Global, Inc. (US) ', 'Sensuron (US) ', 'Infibra Technologies (Canada) ', 'Sodis Lab (France) ', 'Set Point Technologies (US) ', 'Mistras Group (US) ', 'Metis Design Corporation (US) ', 'Geosig Ltd. (Switzerland)'

The rapid development of infrastructure, especially in developing countries, has created a greater demand for systematic health management (SHM). Government and the private sector are investing heavily in new construction projects such as bridges, dams and high-rise buildings. These large-scale systems require monitoring to ensure safety and longevity and provide real-time data and predictive insights for SHM system maintenance, reducing catastrophic failures. 

Integration of IoT and AI: The integration of Internet of Things (IoT) generation with synthetic intelligence (AI) is a key driver within the structural health monitoring market. IoT-enabled sensors can offer actual-time records approximately the status of structures, whilst AI algorithms can analyze these facts to predict the failures and optimize preservation plans. This is used to improve accuracy, automaticity and cost-effectiveness of SHM systems. 

North America dominated the global structural health monitoring market, accounting for over 35.1% of revenue in 2022. The demand for structural health monitoring systems in North America is increasing due to increased focus on public infrastructure maintenance and repair, old infrastructure, and various airports & wind turbines investment increased. Moreover, countries such as the US. and Canada rely heavily on health-control systems in construction to protect the safety and security of buildings and people. Rapidly growing infrastructure in North America for public infrastructure such as bridges, dams and procedures have adopted construction health surveillance methods.