Medical Devices
Global Structural Health Monitoring Market to 2032
Revenue, 2024 (USD Million)
3,805.08
Forecast, 2032 (USD Million)
14,901.60
CAGR, 2024 - 2032
20.45%
Report Coverage
Global
Global Structural Health Monitoring Market 2018-2032 USD Million
Global Structural Health Monitoring Market, Overview (2024-2032)
Market Growth and Projections:
- Market Size (2024): 3,805.08 USD Million
- Projected Market Size (2032): 14,901.60 USD Million
- CAGR (2024-2032): 20.45%
Key Findings of Global Structural Health Monitoring Market
- The Global Structural Health Monitoring Market is likely to grow at a CAGR of 20.45% during the forecast period of 2024 to 2032.
- Global Structural Health Monitoring Marketsize was valued at 3,805.08 USD Million in 2024.
- In 2024, Civil segment dominated the market with the largest market share.
- Damage Detection in the product segment is expected to witness the fastest growth during the forecast period.
Global Structural Health Monitoring Market Scope
Global Structural Health Monitoring Market Segmentation & Scope
End User
- Offshore Platform
- Schools
- Defense
- Mining
- Industrial
- Marine
- Automotive
- Public Parks And Recreation
- Other
- Civil
- Aerospace
- Energy
Application
- Deflection Monitoring
- Impact Monitoring
- Hotspot Monitoring
- Corrosion Monitoring
- Leakage Detection
- Wire Break Monitoring
- Strain Monitoring
- Crack Detection
- Multimodal Sensing
- Damage Detection
Method
- Non-Destructive Evaluation (NDE)
- Visual Inspection
Type
- Hardware
- Services
- Software
Installation
- Retrofit
- New Installation
Connectivity
- Wireless
- Wired
Global Structural Health Monitoring Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 3,805.08 USD Million |
| Market Value in 2032 | 14,901.60 USD Million |
| CAGR (2024-2032) | 20.45% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End User,Application,Method,Type,Installation,Connectivity |
| Largest Segment | Civil |
| Fastest Growing Segment | Damage Detection |
| Major Players | National Instruments corp., Xylem, Campbell Scientific, Inc., First Sensor AG, HBK, Cowi A/S, Others, STRUCTURAL MONITORING SYSTEMS PLC. |
Market Segmentation:
-
Product Segment:
- Largest Segment (2024): Civil
- Fastest Growing Segment (2024-2032): Damage Detection
Regional Insights:
-
Leading Market (2024-2032): Global
- Key Country: U.S., leading in terms of revenue and market share by 2032.
Global Structural Health Monitoring Market Company Share Analysis
| Name | Market Share | OwnnerShip | HQ | Website |
|---|---|---|---|---|
| National Instruments corp. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Xylem | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Campbell Scientific | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Inc. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| First Sensor AG | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| HBK | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Cowi A/S | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Others | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| STRUCTURAL MONITORING SYSTEMS PLC. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
Global Structural Health Monitoring Market Geographical Sales Distribution, 2018-2032 USD Million
Global Structural Health Monitoring Market Company Profiling
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
Frequently Asked Questions
The Global Structural Health Monitoring Market is segmented based on Segmentation End User,Application,Method,Type,Installation,Connectivity.
Global Structural Health Monitoring Market was valued at USD 3,805.08(Revenue in USD Million) in 2021.
Global Structural Health Monitoring Market is projected to grow at a CAGR of 20.45% during the forecast period of 2024 to 2032.
The estimated market value of the Global Structural Health Monitoring Market for final year is USD 14,901.60 (USD Million).
Related Markets
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.