Delray Beach, FL, Sept. 29, 2025 (GLOBE NEWSWIRE) — The report “Structural health monitoring Market by Offering (Hardware, Software & Services), Technology (Wired, Wireless), Vertical (Civil Infrastructure, Aerospace & Defense, Energy, Mining), Implementation, Application and Region – Global Forecast to 2029” The global structural health monitoring market was valued at USD 2.5 billion in 2024 and is projected to reach USD 4.1 billion by 2029; it is expected to register a CAGR of 10.4% during the forecast period.
The rising demand for structural health monitoring (SHM) is fueled by several key drivers. Aging infrastructure worldwide necessitates proactive monitoring to prevent failures, while stringent safety regulations mandate continuous monitoring of critical infrastructure. Technological advancements in sensor technology and data analytics enable more sophisticated SHM solutions, driving adoption. Additionally, cost savings from predictive maintenance, environmental concerns, increasing infrastructure investments, diverse industry applications, and the emphasis on data-driven insights further contribute to the growing demand for SHM systems.
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Major Structural Health Monitoring Companies Include:
- COWI A/S (Denmark),
- Campbell Scientific (US),
- Geokon (US),
- Nova Metrix LLC (US),
- SGS SA (Switzerland),
- Trimble Inc. (US),
- Structural Monitoring Systems PLC (Australia),
- Sixense (France), and many others.
Structural Health Monitoring Market Segmentation Analysis:
Hardware segment to account for the largest market share in the forecasted year.
The hardware segment of the structural health monitoring (SHM) market is poised to maintain its leading market share in the foreseeable …