Structural Health Monitoring Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)

Structural Health Monitoring Market Size

Structural Health Monitoring Market Trends & Growth Drivers

Integration of Advanced Technologies Is Key Market Trend

• The integration of advanced technologies, such as advanced sensors and IoT, is a key trend in the market.
• Sensors are integrated with wireless technologies, which makes the SHM systems more efficient, accessible, and cost-effective.
• Sensors such as strain gauges, accelerometers, and temperature sensors are utilized to collect a vast amount of data on structural conditions, including physical stress, level of seepage, and defect in metallic foundations, which are then processed using IoT networks.
• AI and ML are also playing a significant role in SHM systems by making them more efficient and reliable.
• More-accurate analysis of the data acquired by the sensors in SHM systems is achieved through the application of AI and ML.
• Furthermore, AI and ML technologies help with the pre-determination of anomalies, which enables infrastructure to be pre-maintained.

Expansion of Renewable Energy Project Is Driving Market Growth

• The demand for routine monitoring of structures is being driven by the growing need for renewable energy sources, such as wind, hydroelectricity power plants, and solar power, to lessen the environmental impact of the construction industry.
• Renewable energy systems are complex, due to which they require continuous monitoring.
• For instance, dams are at a perpetual risk of bursting due to seepage, while wind turbines are vulnerable to gale force winds, especially those installed in the sea.
• SHM gives real-time data on structural integrity, detects potential failures, and enables the predictive maintenance, which helps in reducing downtime and enhances the overall operational efficiency.
• Furthermore, government and private companies are investing heavily in the renewable energy projects. For gaining the full value from their investments in these projects, these entities are integrating SHM solutions.
• According to the U.S. Environmental Protection Agency, the Inflation Reduction Act of 2022 would probably result in a major deployment of new clean electricity resources. For this, it will provide funds and incentives and launch programs that will accelerate the shift to a clean energy economy.

High Installation and Maintenance Cost Act as Challenge for Market Growth

• The cost associated with the installation and maintenance of SHM systems is high due to the exorbitant pricing of the components associated with them.
• Hardware components that are crucial for the SHM system, such as gauges, alcoholometers, and fiber-optic sensors, are expensive.
• Additionally, these systems require daily maintenance and regular updates after installation, which can be challenging depending on the structure’s complexity.
• The software-based communication networks and monitoring systems included in SHM systems also need to be updated on a regular basis, which raises the overall integration costs of these systems.

Structural Health Monitoring Market Analysis

Offering Insights

• The hardware category will hold the largest market share, of 55%, in 2024. A large number of expensive sensors and transmitters are used for monitoring a variety of physical parameters.
• The software category will grow at the highest CAGR, of 12%, during the forecast period.
• This is due to the developments in AI, ML, and cloud computing, which enable predictive maintenance and improves decision-making.
• Moreover, the integration of cloud computing technologies into SHM systems is facilitating the gathering, storage, sharing, and analysis of the significant volume of data gathered by sensors.

The offerings included in this report are:

• Hardware (Largest Category)
• Software (Fastest-Growing Category)
• Services

Technology Insights

• The wired category will hold the larger market share, of 70%, in 2024.
• This is because a wired system offers reliable, uninterrupted connections essential for the long-term monitoring of critical structures, such as bridges, tunnels, and dams.
• The wireless category will be the faster-growing category, with a CAGR of 11.5%, during the forecast period.
• This is due to the integration of IoT in the wireless systems, which allows real-time monitoring data from infrastructure.
• Additionally, a wireless system provides flexibility and ease of installation, which helps lowering the overall operational costs of the system.
• The developments in high-speed, low-latency communication networks enables real-time data gathering and analysis, which is vital for efficient structural health monitoring.

The technologies analyzed in this report are:

• Wired (Larger Category)
• Wireless (Faster-Growing Category)

Vertical Insights

• Civil infrastructure will hold the largest market share, of 45%, in 2024.
• This is due to the wide use of the SHM systems in civil structures, such as mass transit viaducts, bridges, tunnels, and highways.
• Over two weeks in June 2024, 12 bridges in the Indian state of Bihar collapsed, necessitating the need for effective structural health monitoring.
• The energy sector will be growing at the highest CAGR, of 12.5%, during the forecast period.
• The increase in the demand for electricity and the rise in renewable energy sources such as solar and wind energy are driving its growth.
• This is because SHM plays a significant role in monitoring renewable energy structures, such as wind turbines, dams, nuclear reactors, and solar farms.
• In addition, due to the intricacy of these structures, real-time monitoring is required frequently.
• For instance, the oil and gas industry is susceptible to accidents, such as explosions, fires, and gas leakage.

The verticals analyzed in this report are:

• Civil Infrastructure (Largest Category)
• Aerospace & Defense
• Energy (Fastest-Growing Category)
• Mining
• Others

 Implementation Insights

• The new construction category will hold the larger market share, of 75%, in 2024 as a result of the global urbanization trends and the emergence of smart city initiatives.
• SHM systems are integrated at the time of the construction of any new infrastructure.
• The retrofitting category will grow at the higher CAGR, of 13.5%, during the forecast period.
• This is because, particularly in industrialized regions, there is an increasing need to monitor aging infrastructure.
• Additionally, SHM systems helps in increasing the lifespan of the existing infrastructure and ensuring safety.

The implementations analyzed in this report are:

• New Construction (Larger Category)
• Retrofitting (Faster-Growing Category)

Application Insights

• Strain monitoring will hold the largest market share, of 25%, in 2024.
• This is because strain monitoring is widely used in various structures, such as bridges, dams, aircraft, and oil rigs.
• Corrosion monitoring will grow at the highest CAGR, of 11.5%, during the forecast period.
• This is because older infrastructure is becoming more prevalent, especially in the energy sectors (oil and gas).
• Corrosion monitoring prolongs the life of structures and aids in averting failures that could require expensive repairs for enterprises.

The applications analyzed in this report are:

• Crack Detection
• Damage Detection
• Impact Monitoring
• Corrosion Monitoring (Fastest-Growing Category)
• Strain Monitoring (Largest Category)
• Hotspot Monitoring
• State Sensing
• Multi-Modal Sensing
• Pressure Monitoring
• Leakage Detection
• Deflection Monitoring
• Others

Regional Analysis

• North America will hold the largest market share, of 40%, in 2024.
• This is due to the strong government safety regulations for the infrastructure in this region.
• Additionally, the U.S. is investing heavily in the maintenance of aging infrastructure.
• APAC region will grow at the highest CAGR, of 12.5%, during the forecast period.
• This is due to the rapid urbanization in India, China, Japan, and South Korea.
• This is leading to the rise in construction activities, which raises the requirement SHM systems for regular monitoring.

The regions and countries analyzed for this report include:

North America (Largest Regional Market)

• U.S. (Larger and Faster-Growing Country Market)
• Canada

Europe

• Germany (Largest Country Market)
• U.K. (Fastest-Growing Country Market)
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific (APAC) (Fastest-Growing Regional Market)

• China (Largest Country Market)
• Japan
• India (Fastest-Growing Country Market)
• South Korea
• Australia
• Rest of APAC

Latin America (LATAM)

• Brazil (Largest and Fastest-Growing Country Market)
• Mexico
• Rest of LATAM

Middle East and Africa (MEA)

• Saudi Arabia (Largest Country Market)
• South Africa
• U.A.E. (Fastest-Growing Country Market)
• Rest of MEA

Structural Health Monitoring Market Share

• The structural health monitoring market is fragmented in nature due to the large number of players.
• None of these players hold a major share in this market.
• Furthermore, these companies are integrating advanced technologies into their SHM systems to gain dominance in the market.

Structural Health Monitoring Market News

• In December 2023, Campbell Scientific Inc. launched the Aspen 10 IoT edge device, designed to effortlessly connect any Aspen 10-compatible sensor to CampbellCloud.
• In June 2023, Campbell Scientific Inc. released the TempVueTM10, an analog temperature sensor, to meet World Meteorological Organization (WMO)’s temperature recommendations.
• In January 2023, GEOKON acquired Swiss Precision Turning Inc., located in Brattleboro, Vermont.