Structural Health Monitoring Market Industry Trends And Emerging Opportunities Till 2032

Structural Health Monitoring Global Market Report 2023

Market Size, Trends and Global Forecast 2023-2032

Structural Health Monitoring Market Definition

Structural health monitoring (SHM) refers to the practice of applying damage detection and characterization tools to vital structures, including bridges, wind turbines and tunnels.

It is used to assure structural integrity and safety, track the progression of damage and evaluate how well civil infrastructures are performing.

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Structural Health Monitoring Market Characteristics

The global structural health monitoring market size is expected to grow from $2.31 billion in 2022 to $2.67 billion in 2023 at a compound annual growth rate (CAGR) of 15.59%. The global structural health monitoring market size is expected to reach $4.68 billion in 2027 at a CAGR of 15.13%.

Structural Health Monitoring Market Segments

The report covers the structural health monitoring market’s segments-

By Component By Connectivity By Application

By End User

Hardware, Software, Services Wired, Wireless Bridges And Dams, Buildings And Stadiums, Vessels And Platforms, Airframes And Wind Turbines, Large Machinery And Equipment

Civil, Aerospace, Defense, Energy, Mining, Other End Users

Major companies in the market include

Key Market Players

Nova Ventures

Group Corp

Geokon

Campbell Scientific Inc

COWI A/S

Geocomp Corporation

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