The global structural health monitoring market is expected to reach USD 4.71 billion by 2030, at a CAGR of 14% during the forecast period 2021 to 2030.
The global Structural Health Monitoring (SHM) market is expected to reach USD 4.71 billion by 2030, growing at a CAGR of 14% from 2021 to 2030. SHM plays a crucial role in detecting and assessing structural damage in buildings, bridges, and dams. By utilizing sensor-based data collection, dynamic analysis, and statistical modeling, SHM systems ensure structural integrity, particularly during natural disasters like earthquakes and hurricanes. This technology not only prevents catastrophic failures but also helps reduce repair and maintenance costs, making it essential for infrastructure sustainability.
Market Drivers and Opportunities
Several factors are driving the growth of the SHM market:
✅ Rising Infrastructure Development – Increased construction of bridges, dams, and skyscrapers is fueling demand for SHM systems.
✅ Government Regulations & Safety Standards – Strict policies on structural safety promote SHM adoption.
✅ Advancements in Wireless Sensor Technology – The shift from wired to wireless SHM systems improves efficiency and accessibility.
✅ Cost Reduction in Maintenance & Repairs – SHM lowers long-term repair costs by identifying issues early.
✅ Increased Demand for Disaster-Resilient Infrastructure – SHM is vital in regions prone to earthquakes, hurricanes, and extreme weather.
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Key Market Players
Leading companies shaping the SHM market include:
- Acellent Technologies, Inc.
- Sixense
- Nova Ventures Group Corp.
- Structural Monitoring System Plc.
- Digitexx Data Systems, Inc.
- SGS S.A.
- Campbell Scientific, Inc.
- COWI A/S
- GEOKON
- Geocomp Corporation
Market Segmentation
🔹 By Technology:
- Wired SHM Systems
- Wireless SHM Systems
🔹 By End-Use Industry:
- Civil Infrastructure
- Aerospace & Defense
- Mining
- Energy & Others
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Latest Industry Developments
📢 COWI’s Port of Oslo Project (November 2020): COWI signed an agreement with Norway’s largest public commercial port to provide engineering services, including electrification, HVAC, geotechnics, structural design, and environmental solutions. The goal is to transform Oslo into the most energy- and resource-efficient port city in the world.
Regional Market Insights
🌎 North America: (U.S., Canada, Mexico) – Dominates due to advanced infrastructure & government regulations
🌍 Europe: (U.K., Germany, France, Italy, Spain, Netherlands) – Rapid adoption in smart city projects
🌏 Asia-Pacific: (China, India, Japan, South Korea, Australia) – Fastest-growing market due to urbanization
🌎 South America: (Brazil, Argentina, Colombia) – Increasing demand for disaster-resistant structures
🌍 Middle East & Africa: (Saudi Arabia, UAE, South Africa) – Investments in infrastructure modernization
Why This Report is Essential
🔎 Comprehensive Market Analysis – Demand-supply gap, SWOT analysis, PESTEL analysis
📊 Detailed Market Forecasting – Market size estimation, technological trends, competitive benchmarking
📌 Insights into Competitive Landscape – Leading players, innovative startups, and key industry trends
💡 Opportunities & Challenges – Growth drivers, restraints, and emerging market trends
Frequently Asked Questions (FAQs)
🔹 What is the market size and growth rate of the SHM market?
✔ The SHM market is projected to reach USD 4.71 billion by 2030, with a CAGR of 14%.
🔹 What are the key drivers of SHM market growth?
✔ Factors like infrastructure development, safety regulations, wireless sensor adoption, and disaster resilience are fueling the market.
🔹 Which companies are leading in Structural Health Monitoring?
✔ Acellent Technologies, Sixense, Nova Ventures, and SGS S.A. are among the top industry players.
🔹 Which regions are showing the highest market growth?
✔ Asia-Pacific and North America are experiencing significant adoption and expansion.
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