Global Structural Health Monitoring Market Expected to Reach USD 3.8 billion by 2027, Growing at a CAGR of 14.5%

Structural health monitoring (SHM) is emerging as a vital alternative to manual and non-destructive testing (NDT) inspection methods, providing continuous monitoring that helps reduce costs by detecting structural flaws early. According to a report by Allied Market Research titled "Structural Health Monitoring Market by Component, Connectivity, and End User: Opportunity Analysis and Industry Forecast, 2020-2027,"

the global structural health monitoring market is projected to grow from $1.6 billion in 2019 to $3.8 billion by 2027, reflecting a CAGR of 14.5%. In 2019, Asia-Pacific led the market with a 37% share of global revenue.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://www.alliedmarketresearch.com/request-sample/2304

SHM employs a non-invasive approach to assess the condition of infrastructure, using advanced techniques for damage detection across civil engineering, aerospace, and mechanical engineering sectors. Much of the infrastructure in developed countries, constructed post-World War II, is now aging and often strained by rising populations and modern demands. SHM enables real-time monitoring of these structures-such as bridges, pipelines, and transportation networks-supporting predictive maintenance that reduces accidents and enhances safety.

Asia-Pacific remains the largest contributor to the SHM market, followed by North America. Rapid infrastructure aging and population growth in these regions drive demand for SHM solutions, with heightened awareness of SHM's benefits spurring further market growth in Asia-Pacific. The region's rapid urbanization and frequent natural disasters, including earthquakes, also significantly contribute to market expansion.

The hardware segment led market contributions in 2019, driven by advancements in sensor technology and falling prices of wireless sensors, which have broadened SHM adoption. The COVID-19 pandemic, however, posed temporary challenges for the SHM market due to halted international trade, lockdowns, and delayed construction activities. Major companies across the U.S., China, Germany, and the UK faced financial setbacks due to stalled production, impacting the SHM market through 2020.

The structural health monitoring market is segmented by component, end user, connectivity, and region. Component categories include hardware, software, and services, while end users span civil, aerospace, defense, mining, energy, and others. Connectivity is divided into wired and wireless solutions. Geographically, the market covers North America, Europe, Asia-Pacific, and LAMEA, with Asia-Pacific projected to retain its lead in market share, and LAMEA expected to show the fastest growth.

𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/structural-health-monitoring-market

Key Findings
Component: Hardware dominated the market in 2019 due to sensor technology advancements.
End User: The civil sector led in 2019.
Connectivity: Wired systems captured the majority of market share in 2019.
Region: Asia-Pacific held the largest market share in 2019, while LAMEA is expected to experience the highest growth during the forecast period.

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