The Structural Health Monitoring Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Structural Health Monitoring Market?
The market size of the Structural Health Monitoring field has seen a swift increase lately. It is projected to expand from $3.04 billion in 2024 to $3.49 billion in 2025, with a compound annual growth rate (CAGR) of 14.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Structural Health Monitoring Industry?
The Structural Health Monitoring market is anticipated to expand to $6.25 billion in 2029, with a compound annual growth rate (CAGR) of 15.7%.
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What are the Key Growth Drivers Fueling the Structural Health Monitoring Market?
The key drivers in the structural health monitoring market are:
• Rising interest in smart cities initiatives
• Growth of remote monitoring solutions
• Integration of machine learning and Artificial Intelligence
• Expansion of renewable energy infrastructure
Global Market Segmentation: Identifying Major Structural Health Monitoring Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Structural Health Monitoring Market?
The key trends in the structural health monitoring market are:
• There's a growing trend of advancements in sensor technology within the structural health monitoring market.
• Integration of IoT within structural health monitoring is emerging as a major trend.
• The demand for predictive maintenance in structural health monitoring is growing.
• Adoption of structural health monitoring in the aerospace and defense sectors is a notable emerging trend.
Who Are the Top Competitors & Leading Players in the Structural Health Monitoring Market?
Major companies 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
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the structural health monitoring market in 2024
