GITNUX MARKETDATA REPORT 2024

Structural Health Monitoring Industry Statistics

The global structural health monitoring industry is expected to continue its steady growth driven by increasing infrastructure investments and advancements in sensor technology.

Statistic 1

"The global structural health monitoring market size was USD 1.82 billion in 2020."

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Statistic 2

"This market is expected to expand at a CAGR of 13.3% from 2021 to 2028."

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Statistic 3

"Wired structural health monitoring technology dominated the market with a share of more than 60% in 2020."

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Statistic 4

"The buildings & stadiums segment held the largest share of more than 30% in 2020."

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Statistic 5

"The market for structural health monitoring in North America is projected to grow at a CAGR of 14.2% during 2020-2026."

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Statistic 6

"The market in APAC is projected to reach $989.0 million by 2026."

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Statistic 7

"The market for civil infrastructure application is expected to grow at the highest CAGR during the forecast period."

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Statistic 8

"Companies operating in the structural health monitoring industry have undertaken approximately 19 product launches and expansions between January 2018 and February 2021."

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Statistic 9

"The global structural health monitoring market for hardware is anticipated to generate $981.70 million by 2027."

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Statistic 10

"North American market is anticipated to generate $974.23 million by 2027."

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Statistic 11

"The buildings and towers segment generated the highest revenue in 2019, accounting for over one-fourth of the global market."

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Statistic 12

"The market for structural health monitoring in bridges & tunnels application is expected to boost the overall growth of the industry, with a market value of more than $486 million in 2027."

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Statistic 13

"By 2025, SHM market in aerospace application in North America is expected to reach $333 million."

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Statistic 14

"The market for the wired system in Europe is estimated to have a market value of $651 million by 2025."

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Statistic 15

"By 2027, the civil infrastructure application of the SHM market in Asia-Pacific is projected to reach $1.1 billion."

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