Structural Health Monitoring Market: Insights
The global structural health monitoring market is estimated to witness a significant CAGR during the forecast period (2020-2026). Structural Health Monitoring (SHM) is a tool that helps engineers make critical structures safer and more sustainable. The growing automation standardization in civil infrastructure maintenance & repairs are driving the market growth for structural health monitoring during the forecast period. Moreover, the growing capital investments in infrastructures are driving the market growth. SHM is used for measuring stress on wind turbine blades, and controlling rail temperature and tension. Furthermore, the increasing demand for structural health monitoring systems for monitoring and inspection of bridges are also expected to propel the market growth during the forecast period. However, the high implementation cost and stringent government rules and regulations are likely to hamper the market growth over the coming years.
Structural Health Monitoring Market: By Offering
Based on offering, the global structural health monitoring market is segmented into hardware, and software & services. The hardware segment is expected to hold the largest market share during the forecast period. The hardware components used in SHM systems include data acquisitions systems, sensors, and other communication devices. The growing advancements in sensor technologies and increased usage of smart materials are expected to propel the segmental growth. Furthermore, the software segment is expected to grow at a high CAGR during the forecast period. Software provides the monitoring team with a visual representation of the structural behaviour and also helps to detect damages and protect the structure from hazards.
Structural Health Monitoring Market: By Technology
Based on technology, the global structural health monitoring market is segmented into wired, and wireless. The wired segment is expected to hold the largest market share during the forecast period. Wired devices are usually adopted for continuous monitoring of various types of structures. Wired devices has no limit to long-distance data sharing and they have secure communication compared to wireless technology. The wired control systems are commonly used in the evaluation of many structures, such as buildings, dams and bridges among others.
Structural Health Monitoring Market: By Vertical
Based on vertical, the global structural health monitoring market is segmented into aerospace & defense, energy, mining, and civil infrastructure, among others. The civil infrastructure segment is expected to grow at a high CAGR during the forecast period. The increasing investments in building infrastructures and rise in demand for structural health surveillance systems are driving the market growth. SHM are used to maintain and monitor the condition of each public infrastructure and avoid catastrophic failures. These are some of the major factors expected to drive the market growth during the forecast period.

Structural Health Monitoring Market: By Region
Based on region, the global structural health monitoring market is segmented into North America, Europe, Asia-Pacific, Central & South America, and Middle East & Africa. North America region is expected to hold the largest market share during the forecast period. The improving infrastructure, and focus on repair and maintenance of the aircraft are some of the factors driving the market growth. Furthermore, the Asia-Pacific region is projected to grow at a high CAGR during the forecast period. The utilization of new technologies and the increasing demand for SHM systems in countries such as Indonesia and India to improve public safety are some of the major factors driving the market growth in the region.
Structural Health Monitoring Market Share & Competitor Analysis
Some of the key players operating in the structural health monitoring market include: Cowi, Geocom, Pacellent Technologies, Sixensepure Technologies (A Subsidiary Of Xylem), Sgs, Digitexx, First Sensor, Nova Metrix, Geokon, Campbell Scientific, Geomotion Singapore, Strainstall UK (James Fisher & Sons Plc), Bridge Diagnostics, Sisgeo, RST Instruments, AVT Reliability (Aesseal), Hottinger Baldwin Messtechnik, and Kinemetrics, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In April 2020, Campbell Scientific launched its new “GRANITE” series with significant applications for structural health monitoring (SHM).
Check the Press Release on Global Structural Health Monitoring Market Report
Structural Health Monitoring Market: By Offering
- Introduction
- Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- Hardware
- Hardware: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Sensors: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Data Acquisition Systems (DAS) and Communication Systems: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Others: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Software & Services
- Software & Services: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Pre-installation: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Post-installation: Structural Health Monitoring Market, 2020-2026 (USD Million)
Structural Health Monitoring Market: By Applications
- Introduction
- Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- Hotspot Monitoring
- Hotspot Monitoring: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Corrosion Monitoring
- Corrosion Monitoring: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Impact Monitoring
- Impact Monitoring: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Damage Detection
- Damage Detection: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Crack Detection
- Crack Detection: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Strain Monitoring
- Strain Monitoring: Structural Health Monitoring Market, 2020-2026 (USD Million)
- State Sensing
- State Sensing: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Multimodal Sensing
- Multimodal Sensing: Structural Health Monitoring Market, 2020-2026 (USD Million)
Structural Health Monitoring Market: By Vertical
- Introduction
- Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- Aerospace & Defense
- Aerospace & Defense: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Civil Infrastructure
- Civil Infrastructure: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Dams: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Bridges: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Stadiums: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Buildings: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Tunnels: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Others: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Energy
- Energy: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Mining
- Mining: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Others
- Others: Structural Health Monitoring Market, 2020-2026 (USD Million)
Structural Health Monitoring Market: By Technology
- Introduction
- Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- Wired
- Wired: Structural Health Monitoring Market, 2020-2026 (USD Million)
- Wireless
- Wireless: Structural Health Monitoring Market, 2020-2026 (USD Million)
Structural Health Monitoring Market: By Implementation Methods
- Introduction
- Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- Retrofitting
- Retrofitting: Structural Health Monitoring Market, 2020-2026 (USD Million)
- New Construction
- New Construction: Structural Health Monitoring Market, 2020-2026 (USD Million)
Structural Health Monitoring Market: By Region
- Introduction
- Global Structural Health Monitoring Market, Regional Analysis, 2020-2026 (USD Million)
- North America
- North America Structural Health Monitoring Market, Regional Analysis, 2020-2026 (USD Million)
- By Offering
- North America Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- North America Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- North America Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- North America Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- North America Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- By Country
- U.S
- By Offering
- U.S Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- U.S Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- U.S Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- U.S Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- U.S Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- Canada.
- By Offering
- Canada Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- Canada Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- Canada Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- Canada Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- Canada Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- Mexico
- By Offering
- Mexico Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- Mexico Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- Mexico Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- Mexico Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- Mexico Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- Europe
- Europe Structural Health Monitoring Market, Regional Analysis, 2020-2026 (USD Million)
- By Offering
- Europe Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- Europe Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- Europe Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- Europe Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- Europe Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- By Country
- Germany
- By Offering
- Germany Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- Germany Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- Germany Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- Germany Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- Germany Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- UK
- By Offering
- UK Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- UK Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- UK Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- UK Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- UK Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- France
- By Offering
- France Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- France Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- France Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- France Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- France Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- Italy
- By Offering
- Italy Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- Italy Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- Italy Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- Italy Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- Italy Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- Rest Of Europe
- By Offering
- Rest Of Europe Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- Rest Of Europe Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- Rest Of Europe Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- Rest Of Europe Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- Rest Of Europe Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- Asia Pacific
- Asia Pacific Structural Health Monitoring Market, Regional Analysis, 2020-2026 (USD Million)
- By Offering
- Asia Pacific Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- Asia Pacific Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- Asia Pacific Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- Asia Pacific Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- Asia Pacific Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- By Country
- China
- By Offering
- China Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- China Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- China Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- China Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- China Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- Japan
- By Offering
- Japan Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- Japan Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- Japan Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- Japan Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- Japan Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- India
- By Offering
- India Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- India Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- India Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- India Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- India Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- Central & South America
- Central & South America Structural Health Monitoring Market, Regional Analysis, 2020-2026 (USD Million)
- By Offering
- Central & South America Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- Central & South America Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- Central & South America Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- Central & South America Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- Central & South America Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- By Country
- Brazil
- By Offering
- Brazil Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- Brazil Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- Brazil Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- Brazil Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- Brazil Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- Middle East & Africa
- Middle East & Africa Structural Health Monitoring Market, Regional Analysis, 2020-2026 (USD Million)
- By Offering
- Middle East & Africa Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- Middle East & Africa Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- Middle East & Africa Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- Middle East & Africa Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- Middle East & Africa Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- By Country
- Saudi Arabia
- By Offering
- Saudi Arabia Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- Saudi Arabia Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- Saudi Arabia Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- Saudi Arabia Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- Saudi Arabia Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
- UAE
- By Offering
- UAE Structural Health Monitoring Market, By Offering, 2020-2026 (USD Million)
- By Applications
- UAE Structural Health Monitoring Market, By Applications, 2020-2026 (USD Million)
- By Vertical
- UAE Structural Health Monitoring Market, By Vertical, 2020-2026 (USD Million)
- By Technology
- UAE Structural Health Monitoring Market, By Technology, 2020-2026 (USD Million)
- By Implementation Methods
- UAE Structural Health Monitoring Market, By Implementation Methods, 2020-2026 (USD Million)
The global Structural Health Monitoring Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Structural Health Monitoring Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
