Structural Health Monitoring Market To Witness Massive Growth By 2030
Structural Health Monitoring Market Summary The global structural health monitoring (SHM) market size was estimated at USD 3.68 billion in 2024 and is projected to reach USD 10.48 billion by 2030, growing at a CAGR of 19.2% from 2025 to 2030. The market growth is primarily driven by stringent public safety regulations, increasing emphasis on the maintenance of aging infrastructure, and rising investments in smart infrastructure projects. Governments and private organizations are increasingly adopting SHM systems to ensure the structural integrity and safety of critical assets such as bridges, dams, tunnels, and buildings. The growing need for real-time data and predictive maintenance is further fueling market expansion. Government initiatives aimed at standardizing SHM systems as part of broader public safety efforts have significantly contributed to market growth. These systems help in early detection of structural damage, enabling timely repairs and reducing the ris...