PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1643644
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1643644
Structural Health Monitoring Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)
The global structural health monitoring (SHM) market is projected to grow from USD 2,456.3 million in 2024 to USD 5,762.3 million by 2032, reflecting a compound annual growth rate (CAGR) of 11.4% during 2025-2032. This growth is fueled by rising investments in infrastructure safety and advancements in technologies that enhance monitoring capabilities and predictive maintenance.
Key Insights
Governments worldwide are increasingly investing in SHM systems to ensure the safety and longevity of critical infrastructure, such as bridges, dams, and buildings. These investments aim to detect potential threats and prevent structural failures.
The integration of advanced technologies, including sensors with wireless communication and Internet of Things (IoT) capabilities, is improving the efficiency and accessibility of SHM systems. Sensors like strain gauges, accelerometers, and temperature sensors collect vital data on structural conditions, processed through IoT networks for actionable insights.
Artificial intelligence (AI) and machine learning (ML) are playing a growing role in SHM systems, enhancing data analysis and predictive capabilities to enable proactive maintenance and risk management.
North America currently holds the largest market share due to stringent safety regulations and significant investments in infrastructure monitoring. The Asia-Pacific region is expected to experience the fastest growth, driven by rapid urbanization, infrastructure development, and increasing awareness of structural safety.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Offering
- 1.4.2. Market Size Breakdown, by Technology
- 1.4.3. Market Size Breakdown, by Vertical
- 1.4.4. Market Size Breakdown, by Implementation
- 1.4.5. Market Size Breakdown, by Application
- 1.4.6. Market Size Breakdown, by Region
- 1.4.7. Market Size Breakdown, by Country
- 1.5. Market Data Reporting Unit
- 1.5.1. Revenue
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Industry Background
- 5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
- 5.3. Impact of COVID-19
- 5.4. Sociopolitical Impact
- 5.5. Porter's Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes
- 5.6. Innovation and Technology Trends
- 5.7. Economic and Regulatory Impact
- 5.8. Market Entry Strategies
Chapter 6. Competitive Landscape
- 6.1. List of Market Players and their Offerings
- 6.2. Competitive Benchmarking of Key Players
- 6.3. Product Benchmarking of Key Players
- 6.4. Recent Strategic Developments by Key Players
- 6.5. Company Leadership Matrix
Chapter 7. Global Market
- 7.1. Overview
- 7.2. Market Revenue, by Offering (2019-2032)
- 7.3. Market Revenue, by Technology (2019-2032)
- 7.4. Market Revenue, by Vertical (2019-2032)
- 7.5. Market Revenue, by Implementation (2019-2032)
- 7.6. Market Revenue, by Application (2019-2032)
- 7.7. Market Revenue, by Region (2019-2032)
Chapter 8. North America Market
- 8.1. Overview
- 8.2. Market Revenue, by Offering (2019-2032)
- 8.3. Market Revenue, by Technology (2019-2032)
- 8.4. Market Revenue, by Vertical (2019-2032)
- 8.5. Market Revenue, by Implementation (2019-2032)
- 8.6. Market Revenue, by Application (2019-2032)
- 8.7. Market Revenue, by Country (2019-2032)
Chapter 9. Europe Market
- 9.1. Overview
- 9.2. Market Revenue, by Offering (2019-2032)
- 9.3. Market Revenue, by Technology (2019-2032)
- 9.4. Market Revenue, by Vertical (2019-2032)
- 9.5. Market Revenue, by Implementation (2019-2032)
- 9.6. Market Revenue, by Application (2019-2032)
- 9.7. Market Revenue, by Country (2019-2032)
Chapter 10. Asia-Pacific Market
- 10.1. Overview
- 10.2. Market Revenue, by Offering (2019-2032)
- 10.3. Market Revenue, by Technology (2019-2032)
- 10.4. Market Revenue, by Vertical (2019-2032)
- 10.5. Market Revenue, by Implementation (2019-2032)
- 10.6. Market Revenue, by Application (2019-2032)
- 10.7. Market Revenue, by Country (2019-2032)
Chapter 11. Latin America Market
- 11.1. Overview
- 11.2. Market Revenue, by Offering (2019-2032)
- 11.3. Market Revenue, by Technology (2019-2032)
- 11.4. Market Revenue, by Vertical (2019-2032)
- 11.5. Market Revenue, by Implementation (2019-2032)
- 11.6. Market Revenue, by Application (2019-2032)
- 11.7. Market Revenue, by Country (2019-2032)
Chapter 12. Middle East and Africa Market
- 12.1. Overview
- 12.2. Market Revenue, by Offering (2019-2032)
- 12.3. Market Revenue, by Technology (2019-2032)
- 12.4. Market Revenue, by Vertical (2019-2032)
- 12.5. Market Revenue, by Implementation (2019-2032)
- 12.6. Market Revenue, by Application (2019-2032)
- 12.7. Market Revenue, by Country (2019-2032)
Chapter 13. Company Profiles
Chapter 14. Appendix
- 14.1. Sources and References
- 14.2. Related Reports
