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Structural Health Monitoring Market Size Outlook: How Fast Will Revenue Grow Through 2030?
The structural health monitoring market size has shown rapid expansion in recent years. This market is set to increase from $3.44 billion in 2025 to $3.96 billion in 2026, driven by a compound annual growth rate (CAGR) of 15.1%. Historically, this growth can be ascribed to structural monitoring of bridges and dams, its adoption in large civil infrastructures, the early deployment of wired sensor systems, its usage in industrial machinery maintenance, and its incorporation in wind turbine monitoring.
The market for structural health monitoring is projected to experience swift expansion over the coming years. By 2030, its value is anticipated to reach $6.93 billion, exhibiting a compound annual growth rate (CAGR) of 15.0%. This forecasted increase is driven by factors such as the proliferation of wireless sensor networks, greater investments in predictive maintenance, wider embrace of real-time monitoring technologies, development in digital infrastructure management, and enhancements in structural visualization instruments. Key developments expected during this period involve the incorporation of AI-driven damage detection systems, the rollout of IoT-enabled monitoring networks, progress in automated structural diagnostic systems, the uptake of sustainable infrastructure surveillance solutions, and the broadening of cloud-based structural data platforms.
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Structural Health Monitoring Market Development Factors: Which Trends Are Supporting Demand?
The structural health monitoring market is anticipated to grow with the frequent occurrences of natural calamities. These catastrophic events, which result from natural phenomena on Earth, underscore the utility of structural health monitoring. This technology is highly beneficial in preventing water and flood damage caused by the collapse of dams, dykes, pipelines, and other similar infrastructure due to natural disasters, hence, the increasing frequency of natural calamities is expected to boost the structural health monitoring market. For instance, in January 2024, a report published by the National Centers for Environmental Information (NCEI), a US-based government agency, indicated that the U.S. experienced 28 distinct weather and climate-related disasters in 2023, each incurring at least $1 billion in damages. This set a new record for the highest number of billion-dollar disasters in a single year. Therefore, the recurrent incidence of natural calamities is driving the expansion of the structural health monitoring market.
Structural Health Monitoring Market Segment Analysis Highlighting Growth Areas
The structural health monitoring market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Connectivity: Wired, Wireless
3) By Application: Bridges And Dams, Buildings And Stadiums, Vessels And Platforms, Airframes And Wind Turbines, Large Machinery And Equipment
4) By End User: Civil, Aerospace, Defense, Energy, Mining, Other End Users
Subsegments:
1) By Hardware: Sensors, Data Acquisition Systems, Communication Devices, Structural Health Monitoring Systems
2) By Software: Data Analysis Software, Monitoring And Management Software, Visualization Tools
3) By Services: Installation And Integration, Maintenance And Support, Consulting And Advisory Services, Training And Education
Structural Health Monitoring Market Industry Trends Shaping Future Revenue Growth
Leading companies operating within the structural health monitoring market are establishing partnerships to develop new products and reinforce their market positions. These strategic partnerships involve a process where companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in November 2023, American Bureau of Shipping (ABS), a US-based non-profit organization, collaborated with Seatrium Limited, a Singapore-based shipbuilding and repairing company, to advance structural health monitoring (SHM) technologies in offshore structures. The collaboration entails assigning a Structural Health Monitoring Notation to ADMARINE 686, the world’s first self-elevating drilling unit (SEDU), recognizing its capability to monitor and analyze key structural elements. Seatrium Offshore Technology, in conjunction with the Technology Centre for Offshore and Marine, Singapore, is developing a structural digital twin for the SEDU utilizing sensor data, enabling advanced structural health monitoring. This endeavor aligns with the companies’ broader goal of integrating smart technologies into maritime assets, building on previous recognitions for deploying smart technologies and developing smart LNG bunkering vessels.
Structural Health Monitoring Market Leading Companies: Who Holds Significant Market Presence?
Major companies operating in the structural health monitoring market are 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
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Structural Health Monitoring Market Regional Analysis: Which Region Leads By Revenue?
Asia-Pacific was the largest region in the structural health monitoring market in 2025. The regions covered in the structural health monitoring market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.