Connect with us

Technology

Structural Health Monitoring Market size is set to grow by USD 2.61 billion from 2024-2028, Increasing need for infrastructure maintenance and safety boost the market, Technavio

Published

on

NEW YORK, July 5, 2024 /PRNewswire/ — The global structural health monitoring market size is estimated to grow by USD 2.61 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  15.8%  during the forecast period. Increasing need for infrastructure maintenance and safety is driving market growth, with a trend towards advent of iot in structural health monitoring. However, rise in budgetary constraints  poses a challenge. Key market players include Campbell Scientific Inc., CGG SA, COWI Holding AS, Digitexx Systems Ltd., Geosense Ltd., Hottinger Bruel and Kjaer GmbH, James Fisher and Sons Plc, Kinemetrics Inc., LiveHooah Technologies Pvt. Ltd., MachineSense LLC, Mistras Group Inc., National Instruments Corp., Nova Ventures Group Corp., Ramboll Group AS, RST Instruments Ltd., Sisgeo S.r.l., STRUCTURAL MONITORING SYSTEMS plc, Vinci, Xylem Inc., and Yokogawa Electric Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Structural Health Monitoring Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.8%

Market growth 2024-2028

USD 2619.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

13.84

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 37%

Key countries

US, Germany, China, UK, and Japan

Key companies profiled

Campbell Scientific Inc., CGG SA, COWI Holding AS, Digitexx Systems Ltd., Geosense Ltd., Hottinger Bruel and Kjaer GmbH, James Fisher and Sons Plc, Kinemetrics Inc., LiveHooah Technologies Pvt. Ltd., MachineSense LLC, Mistras Group Inc., National Instruments Corp., Nova Ventures Group Corp., Ramboll Group AS, RST Instruments Ltd., Sisgeo S.r.l., STRUCTURAL MONITORING SYSTEMS plc, Vinci, Xylem Inc., and Yokogawa Electric Corp.

 

Market Driver

The structural health monitoring market is experiencing significant growth due to the increasing adoption of IoT and Industry 4.0 technologies. IoT networks, which include sensors, thermostats, and actuators, are interconnected over the Internet to collect and evaluate data. This data can be used to optimize energy usage and implement predictive maintenance, resulting in lower operational costs and increased productivity. For instance, Boeing has seen a 13% decrease in annual operational budgets after implementing IoT-based predictive analysis. Third-party outsourcing companies, such as Novotek, are also offering IoT solutions for building management. The demand for IoT in smart buildings is expected to drive market growth. IoT can transform various functions in the structural health monitoring market, such as lighting and refrigeration, fire suppression systems, security and safety alarms, remote monitoring of facilities, and central HVAC. For example, smart energy meters in buildings reduce the need for on-site technicians, and predictive maintenance solutions optimize machine repairs and lower CAPEX budgets. The Edge building in Amsterdam, with approximately 8,000 sensors, is a prime example of IoT’s potential in structural health monitoring, providing real-time data on building occupancy, activity patterns, and environmental data. Overall, IoT’s ability to improve productivity and energy efficiency is expected to drive market growth in the forecast period. 

The Structural Health Monitoring (SHM) market is experiencing significant growth due to the increasing need for reliable infrastructure in urbanizing areas and the role of SHM solutions in assessing the health condition of civil infrastructure. Developments in wireless, real-time measurement technologies have made SHM systems more accessible and cost-effective. However, failures in engineering design and lack of integration with other systems remain challenges. Europe, Brazil, Spain, and Italy are key markets for SHM systems, with cities and infrastructure projects driving the demand. Predictive solutions for damage assessment and performance monitoring are becoming essential tools for ensuring the integrity of structures worldwide. Acellent Technologies and others are leading the way in SHM technology integration and repair solutions. The SHM systems market is expected to continue growing on a global basis, providing essential solutions for the reliability and performance of civil infrastructure. 

Discover 360° analysis of this market. For complete information, schedule your consultation – Book Here!

Market Challenges

Small organizations in growing economies face budget constraints, often relying on investor funds for structural health monitoring services. This can lead to the procurement of low-quality services, increasing maintenance and operation costs, and negatively impacting profitability. Rising labor costs and the need for skilled personnel training further hinder market growth. Additionally, aging assets consume excessive energy, and their replacement and maintenance add to operational costs. Effective structural health monitoring becomes less viable under these high costs. Consequently, budgetary pressures in small organizations will limit the expansion of the global structural health monitoring market during the forecast period.The Structural Health Monitoring (SHM) market is seeing growing demand due to the need for infrastructure safety and maintenance. Large machines and equipment, functionally obsolete and structurally deficient bridges, and aging infrastructure require constant monitoring to ensure safety and prevent costly repairs or replacements. Safety regulations and high-profile events like FIFA World Cup, Cricket World Cup, Indian Premier League, Olympics, and even sporting venues in France, highlight the importance of monitoring structures for potential issues. SHM systems use sensors to detect damage and provide real-time data, helping in timely maintenance and reducing costs. The market includes dams, energy, aerospace, mining, defense, and construction sectors. Adoption and implementation of these technologies are a focus for governments and industries alike. Questions remain around costs and the impact of technologies on existing systems and processes. Advancements in hardware and software continue to drive development in this segment.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This structural health monitoring market report extensively covers market segmentation by  

Component 1.1 Hardware1.2 Software1.3 ServicesConnectivity 2.1 Wired2.2 WirelessGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Hardware-  The structural health monitoring market includes the hardware segment, which comprises the physical components and devices used to assess the structural integrity of infrastructure, buildings, bridges, dams, and other civil engineering structures. This hardware segment is crucial as it facilitates data acquisition, sensing various parameters, signal transmission, and information processing. Three primary hardware segments in this market are sensors, data acquisition systems (DAQ), and communication devices. Sensors are fundamental to structural health monitoring systems, capturing data on structural behavior such as strain, vibration, displacement, temperature, humidity, and corrosion. Common sensor types include accelerometers, strain gauges, temperature sensors, displacement transducers, and inclinometers. Data acquisition systems (DAQ) are responsible for gathering, digitizing, and processing data from sensors. They convert analog signals into digital data for further analysis. DAQ systems typically consist of analog-to-digital converters, signal conditioning modules, data loggers, and communication interfaces. Communication devices enable data transmission from the structural health monitoring system to a central monitoring station or cloud-based platform for analysis. These devices may include wired connections like Ethernet or fiber optic cables, as well as wireless technologies such as Wi-Fi, Bluetooth, cellular networks, or satellite communication systems. Together, these hardware components significantly contribute to the effectiveness of structural health monitoring solutions by enabling the monitoring, analysis, and maintenance of critical structures. Advancements in sensor technology, data processing capabilities, and communication systems have fueled the growth and efficiency of this market segment.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Structural Health Monitoring (SHM) market encompasses sensors, monitoring systems, and related technologies used to assess the condition and performance of various structures and infrastructure. These include bridges, dams, buildings, stadiums, large machines, airframes, turbines, and even smart cities. The need for SHM systems has grown significantly due to the increasing importance of safety, reliability, and predictive maintenance in infrastructure and public safety. Real-time wireless measurement and damage assessment are key features of SHM systems, enabling early detection of potential failures and reducing costs associated with repairs and downtime. Advancements in hardware and adoption of SHM technologies have led to significant investments in this segment, particularly in the energy industry, where the focus on safety and efficiency is paramount. SHM systems play a crucial role in assessing the health and performance of critical infrastructure, ensuring their continued reliability and safety in the face of natural calamities and other challenges. Civil engineers and other professionals rely on SHM data to make informed decisions regarding maintenance and repair, ultimately improving the overall safety and efficiency of structures and infrastructure.

Market Research Overview

The Structural Health Monitoring (SHM) market is a critical segment of the infrastructure sector, focusing on ensuring the safety and sustainability of structures such as bridges, dams, buildings, airframes, turbines, and large machines. SHM systems utilize sensors, data acquisition, analyzing tools, measuring amplifiers, software, and other hardware to monitor the health of structures in real-time. The need for SHM systems has grown significantly due to the importance of public safety, infrastructure development, productivity growth, and associated economic and social complications. Natural calamities, power outages, communication failures, and collapsing buildings have highlighted the necessity of SHM systems in preventing loss of lives and minimizing economic and social disruptions. SHM systems are also essential for smart cities, as they enable prior warnings and efficient maintenance of infrastructure. Cost-effective constructions, energy harvesting systems, distributed optic fibers, and safety regulations are some of the key trends driving the growth of the SHM market. The market includes various segments, such as transportation projects, buildings and stadiums, vessels and platforms, airframes and wind turbines, and large machines and equipments. Functionally obsolete bridges, structurally deficient bridges, aging infrastructure, and safety regulations are some of the challenges faced by the SHM market. The market is expected to witness significant investments in the coming years, with key applications including infrastructure development, natural disasters, and major events such as the FIFA World Cup, Cricket World Cup, Indian Premier League, and Olympics.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentHardwareSoftwareServicesConnectivityWiredWirelessGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/structural-health-monitoring-market-size-is-set-to-grow-by-usd-2-61-billion-from-2024-2028–increasing-need-for-infrastructure-maintenance-and-safety-boost-the-market-technavio-302189570.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Clock Ticking on San Jose Worker Contracts as City Council Eyes July Recess

Published

on

By

SAN JOSE, Calif., June 18, 2026 /PRNewswire/ — Several months of tense negotiations between the San Jose City Administration and thousands of dedicated City of San Jose workers have now resulted in two of the City’s largest worker contracts set to expire – just as the San Jose City Council leaves for their July recess. On Thursday, June 18, after receiving the City’s Last, Best, and Final Offer (LBFO) and working to reach a deal before contract expiration, San Jose workers represented by IFPTE Local 21 and MEF-AFSCME Local 101 have called for mediation in order to reach a fair agreement.

Last Wednesday, June 10, workers rallied at San Jose Mineta International Airport (SJC) to call on the San Jose City Administration to secure a contract that will allow the City of San Jose to retain and recruit excellent public workers. While negotiations continued after the rally, the City’s LBFO remains one that does not invest in city services and one that will not retain the city’s skilled workforce.

Members of both unions are concerned that the upcoming budget has proposed staffing cuts to several departments, including the Library, Public Works, and the Housing Department. Instead of investing in our community, city officials have elected to spend taxpayer money on corporate giveaways through massive contracts with ineffective AI companies and an outrageous $351 million subsidy towards hockey arena renovations. The City could develop a strategy that ensures corporations pay their fair share from benefitting directly from city services. Instead, San Jose insists on cutting taxes for some of the largest corporations that occupy the city, while residents and working families pay more.

“We are the workers who keep San Jose running every day. We’ve shown up at the bargaining table ready to negotiate a fair contract every week. It’s time for the City to turn things around in order to retain workers. San Jose workers and the residents we serve deserve better,” said Carlos Murillo, an Associate Engineer at SJC, and IFPTE Local 21 Bargaining Team Member. “It’s time to invest in our city services. It’s time to put San Jose first.”

“San Jose remains already one of the most thinly staffed major cities in California. The City has a real opportunity. With San Jose being a World Cup host city, we have seen our community come together. San Jose has the potential to highlight the amazing public services our city has to offer and the hard-working people who make those services happen,” said MEF Local 101 Chief Steward Heidi Mendiola, a Police Data Specialist.

San Jose workers haven’t gone on strike in two decades. Three years ago, San Jose workers organized a city-wide strike vote that shed light on the city’s dangerous understaffing and retention issues. Workers are disheartened to know that instead of working on revenue, this administration has instead continued to remain one of the few cities to cap its business license tax on large businesses, with its largest only paying $185,532 in taxes. This includes massive Fortune 500 companies, such as Cisco Systems, which reported $56 billion in revenue and $10 billion in profits for Fiscal Year 2025; PayPal Holdings, which reported $33 billion in revenue and $5.2 billion in profits; and Adobe Inc., which reported $23 billion in revenue and $7.1 billion in profits.

View original content:https://www.prnewswire.com/news-releases/clock-ticking-on-san-jose-worker-contracts-as-city-council-eyes-july-recess-302805005.html

SOURCE IFPTE Local 21

Continue Reading

Technology

Trupeer AI Appoints Former UiPath APAC President & CEO Raghu Subramanian to Lead Japan Enterprise Expansion

Published

on

By

TOKYO, June 19, 2026 /PRNewswire/ — Trupeer AI, the workflow knowledge layer for teams and AI agents, today announced the appointment of Raghu Subramanian as President and Chief Business Officer, as the company accelerates its next phase of global enterprise expansion. Backed by RTP Global and Salesforce Ventures and trusted by more than 50,000 teams in over 100 countries and 120 languages, Trupeer is strengthening its leadership team to scale adoption across enterprises, SaaS companies, Global Capability Centers (GCCs), and technology-enabled business services companies.

Japan is a strategic growth market for Trupeer, where enterprises face a growing knowledge-retention challenge as experienced employees retire and institutional expertise leaves with them. Trupeer addresses this by capturing workflows and institutional knowledge and turning them into AI-ready contexts accessible in more than 120 languages, including Japanese and English. By eliminating the bilingual bottleneck, the platform lets Japanese enterprises scale their own expertise to global teams, while giving multinational organizations instant access to existing knowledge for their Japan-based teams. Several of the world’s largest software companies use Trupeer to create Japanese-language content as they deepen their presence in the country, and  major Japanese pharmaceutical companies use Trupeer to enable learning and development at scale, capturing veteran expertise and standardizing how critical processes are taught across the organization.

Raghu joins from a distinguished career at the forefront of enterprise automation. As a founding member of the management team at UiPath, he was part of the core executive team that helped build the company into a $35+ billion NYSE-listed enterprise. He established UiPath’s APAC operations in 2016 and later served as President & CEO for India and APAC, making Japan one of their largest markets. Bringing over 25 years of enterprise technology leadership, Raghu has built and scaled enterprise businesses across global markets, with deep expertise in automation, business process management, and enterprise AI adoption. Prior to joining UiPath, he served as CTO of EXL Service.

At Trupeer, he will lead the company’s next phase of commercial expansion, with a sharp focus on Japanese enterprises, the GCCs operating in Japan, and the global parents of Japan-based delivery networks.

Shivali Goyal, CEO and Co-Founder, Trupeer AI, said, “Raghu has spent decades helping organisations adopt and scale transformative technologies and brings deep experience in building enterprises globally. Having seen first-hand the challenges enterprises face in organisational knowledge and agentic AI enablement, Raghu immediately resonated with our vision and the momentum Trupeer has built globally. His expertise will help us strengthen our commercial capabilities, deepen partnerships, and unlock the next phase of growth at Trupeer.”

Raghu Subramanian, President and Chief Business Officer, Trupeer AI, said, “Enterprises have long struggled to get real value from AI, and the reason is fragmented context. As businesses operate across languages, geographies, and distributed teams, critical knowledge often becomes difficult to access, share, and act on consistently. The knowledge that makes AI useful remains trapped in people’s heads and scattered across tools. In the agentic AI era, where agents are only as good as the context they run on, that gap becomes the difference between AI that works and AI that doesn’t. This is the gap Trupeer was built to close. I look forward to partnering with enterprises and organisations across the globe to build the context layer that makes enterprise knowledge structured, accessible, and actionable, and AI genuinely useful.”

About Trupeer

Trupeer AI is the workflow knowledge layer for enterprises that enables teams and AI agents. The company helps organizations capture critical operational knowledge that is often trapped in the minds of subject matter experts and scattered across tools, transforming it into structured, accessible, and queryable knowledge. Its platform captures enterprise workflows and turns unstructured, multimodal input into SOPs, guides, studio-quality videos, training assets into 120+ languages and continuously updated, AI-ready context that intelligent agents can leverage, making institutional knowledge accessible, actionable, and queryable. Backed by RTP Global and Salesforce Ventures, Trupeer supports more than 50,000 teams in over 100 countries, including Fortune 100 enterprises, Global Capability Centers and technology-enabled business services companies.

Further details: https://www.trupeer.ai/ 

Photo – https://mma.prnewswire.com/media/2997239/Trupeer.jpg
Logo – https://mma.prnewswire.com/media/2997203/6007441/Trupeer_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/trupeer-ai-appoints-former-uipath-apac-president–ceo-raghu-subramanian-to-lead-japan-enterprise-expansion-302804741.html

Continue Reading

Technology

Fulfilling PM Modi’s Dream of Atmanirbhar Bharat: India’s AI Writing Startup Kreativespace Incubated at IIT Kharagpur

Published

on

By

Kreativespace, an Indian AI-powered writing platform founded by Vinet Kakadea, has been incubated at IIT Kharagpur and recognized by SVNIT University, Ministry of Education under Bodhan AI Conclave also through the NVIDIA Inception Program, AWS Startup Program, and DPIIT under Startup India.The platform unifies 8 AI-powered writing tools, along with AI Humanizer and Message AI feature being the latest addition into a single ecosystem, so you can generate and refine content all in one place.The company reports more than 50,000+ signed-up users, 75,000+ anonymous users, and roughly 100,000 monthly website visitors, positioning itself as the only Indian company operating at scale in the global AI writing market.

SURAT, India, June 19, 2026 /PRNewswire/ — Kreativespace, an AI-powered writing platform, is building out its position as the only homegrown alternative in a market long dominated by international tools such as Grammarly and QuillBot. Founded by Vinet Kakadea and incubated at IIT Kharagpur, the company has aligned its growth with the broader push behind Prime Minister Narendra Modi’s Atmanirbhar Bharat (Self-Reliant India) initiative, which encourages indigenous technology development capable of competing on a global scale.

As AI adoption accelerates across India’s education, research, and enterprise sectors, Kreativespace is among a small group of Indian startups building writing technology designed to compete directly with established international platforms.

Kreativespace’s progress has been recognized by several institutions central to India’s startup and technology ecosystem. The company has been incubated at IIT Kharagpur, selected under SSIP 2.0 through SVNIT University, and chosen by the Ministry of Education to present its work at the Bodhan AI Conclave. It has also been accepted into the NVIDIA Inception Program and the AWS Startup Program, and holds DPIIT recognition under the Startup India initiative.

Where many writing-tool users rely on separate subscriptions for content generation to refinement for grammar correction, paraphrasing, plagiarism checking, citation generation, and editing, Kreativespace brings these functions into a single platform as a super-app for AI writing tools. The company says its approach centers on affordability and accessibility alongside performance, aiming to make advanced AI writing assistance available to a wider range of users regardless of geography or budget.

The idea for Kreativespace took shape while founder Vinet Kakadea was studying at New York University and Marymount University in the United States, where he experienced firsthand how students, researchers, and professionals often need multiple paid subscriptions to cover writing-related tasks. That fragmented experience led him to build a super-app offering each of these capabilities together, at a more accessible price point.

Kreativespace combines 8 AI-powered writing tools with AI Humanizer and Message AI feature being the latest addition, allowing users to generate, rewrite, refine, and humanize content without moving between separate platforms. The product is available via web platform, mobile apps on the App Store and Google Play, browser extensions for Chrome, Mozilla, and Edge, and a Google Docs add-on.

Vinet Kakadea, Founder of Kreativespace, said, “Kreativespace’s vision is to digitalize the entire Indian education ecosystem to support PM Modi’s Atmanirbhar Bharat scheme.”

About Kreativespace

Kreativespace with the Motto of Making Writing Accessible for Everyone: Kreativespace is an AI-powered writing platform built to make AI writing tools accessible, affordable, and effective for students, researchers, educators, professionals, content creators, startups, and enterprises. Founded by Vinet Kakadea, the company is incubated at IIT Kharagpur and has been recognized by AWS Startup Program, the NVIDIA Inception Program, and DPIIT under Startup India. For more information, visit kreativespace.com.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/fulfilling-pm-modis-dream-of-atmanirbhar-bharat-indias-ai-writing-startup-kreativespace-incubated-at-iit-kharagpur-302804117.html

Continue Reading

Trending