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
2 years agoon
By
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..
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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.
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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.
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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.
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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/
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SOURCE Technavio
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Axon Announces Body 5: Next-Generation Camera Built for the AI Era
Published
3 hours agoon
October 24, 2026By
Axon Body 5 delivers 25x the AI processing power of earlier-generation cameras, with upgraded connectivity, audio and battery life to support real-time situational awareness in the field
SCOTTSDALE, Ariz., Oct. 24, 2026 /PRNewswire/ — Axon (Nasdaq: AXON), the global leader in public safety technology, today announced Axon Body 5, its newest body-worn camera designed to bring more powerful intelligence, connectivity and real-time support directly to officers in the field.
For years, Axon body cameras have helped agencies capture critical evidence and create greater transparency. Body 5 is built to help officers during the call, with information, assistance and backup on the spot.
“Officers shouldn’t have to choose between getting information and watching the scene. With Axon Body 5, they don’t,” said Rick Smith, Axon Founder and CEO. “They capture a license or document with the camera, keep their hands free and eyes up, and get information faster than writing it down and calling it in by radio. An officer fully engaged with the person in front of them, not down at a notepad, is a safer officer and a better-served community.”
Axon Body 5: Built for the AI Era
Built from the ground up for the AI era, Axon Body 5 delivers 25x the AI processing power than earlier generation Axon body cameras, alongside advancements in connectivity, audio, video and battery life. Together, these upgrades give the camera the physical power to run smarter AI features — both today and as new AI tools are developed in the future — while also making it more dependable for officers to use every day.
For the first time, Axon is also introducing two versions of its latest flagship camera: Axon Body 5 and Axon Body 5 Pro.
Both models feature several key advancements, including:
25x more processing power for AI: A powerful new computing architecture creates the capacity to support current and future AI features directly on the body camera.Enhanced video: Improved video captures clearer evidence across challenging environments, including better low-light performance.Improved connectivity: Seamless connectivity in urban and remote environments – and more precise location capability – helps officers, cameras and remote support teams stay connected when timely information matters most.Longer battery life: 20% more battery life than the previous generation helps keep the camera ready and connected throughout an officer’s shift.
The Axon Body 5 Pro will continue to gain new AI capabilities as they become available, growing along with the AI Era Plan. Additionally, new hardware features include:
A near-focus camera: An additional dedicated camera lens lets officers scan driver’s licenses to check status and search for wants or warrants in seconds, without returning to the patrol vehicle, with relevant information sent to Axon Fusus to support real-time operations.Front-facing speakers: Four additional speakers project even more powerful audio toward the person an officer is speaking with, helping real-time translations from Axon Assistant carry more clearly over heavy traffic or crowd noise. Additional memory: Extra space lets the camera run several AI tools at once, helping officers stay better informed and work faster.
Bringing More of Axon’s AI Era Into the Field
Axon Body 5 helps officers get more out of the Axon AI Era Plan by bringing smart tools right to the scene. Axon’s portfolio already supports public safety professionals across a growing range of tasks. For example, Draft One helps officers turn body-camera audio into high-quality report drafts and Axon Assistant provides voice-based information access and real-time translation.
Increasingly, Axon is also bringing AI into real-time operations.
Axon Guardian is a new category of AI features within the AI Era Plan that was specifically created to work with an officer’s field-based devices – starting with body cameras and in-car cameras – to improve safety. Guardian is designed to flag potential risks as situations unfold and create alerts when additional attention may be needed. Two of the first features include:
Escalation Detection: When an Axon Body 4 or Axon Body 5 camera is activated and recording, Guardian has the ability to detect potential conflicts in real time and create an alert in Axon Fusus. A human reviews the livestream and decides if additional support or action is needed.Approach Alert: When active on Axon Fleet 3, Guardian can detect if the door of a stopped vehicle opens and alert the officer through the in-car display and their body-worn camera.
Combined, Axon Body 5 and the expanding AI Era portfolio demonstrate the importance of AI as a critical resource to assist public safety professionals before, during and after an incident — reducing administrative burden, improving situational awareness and helping protect more lives.
Innovating Responsibly
Axon’s Responsible Innovation framework guides the development of all of its products. Designed with this in mind, Axon Body 5 and Guardian prioritize human oversight and maintain agency control over data. As a key part of the responsible innovation process, Axon’s independent Ethics and Equity Advisory Council was created to help responsibly develop and deploy new technologies with transparency, while aligning with community expectations.
General availability dates for Axon Body 5 and Axon Guardian will be announced soon. Product features and capabilities vary by configuration. For more information on Axon’s current products and services: Axon Product Catalog – Axon.com.
About Axon
Axon (Nasdaq: AXON) is the global leader in public safety technology supporting state, local, federal and international public safety agencies with technology designed to Protect Life. Complementing its mission, Axon’s growing Enterprise market focuses on protecting critical infrastructure and frontline workers across multiple industries including corporate security, hospitality, retail and healthcare. Founder-led since 1993, Axon builds products with transparency and responsibility. From TASER energy devices to today’s connected network of hardware – including cameras, drones, and robotics – cloud software, sensors, and AI-tools, the Axon ecosystem helps seamlessly protect people and places when it matters most. To ensure these technologies align with community expectations, Axon’s independent Ethics & Equity Advisory Council guides the ethical, inclusive, and accountable design of its products and services. Learn more about the EEAC and Axon’s Responsible Innovation framework at Axon Responsibility.
Non-Axon trademarks are the property of their respective owners. Axon, TASER and the Delta Logo are trademarks of Axon Enterprise, Inc., some of which are registered in the US and other countries. For more information, visit www.axon.com/legal. All rights reserved.
Please visit https://investor.axon.com and https://www.axon.com/newsroom for more information.
Media Contact:
Kate MacKinnon
Vice President, Communications
press@axon.com
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SOURCE Axon
Technology
In HelloNation, Custom Fabrication Expert Mark Coyle Explains a Common Mistake in Custom Aluminum Design
Published
4 hours agoon
October 24, 2026By
The article explains why smart geometry, not thicker walls, creates stronger, more efficient aluminum components.
ROCHESTER, N.Y., Oct. 24, 2026 /PRNewswire/ — What early design choice causes many custom aluminum projects to become heavier, costlier, or harder to manufacture? That question is addressed in a HelloNation article featuring insights from Custom Fabrication Expert Mark Coyle of American Custom Metals, Inc. in Rochester, New York, that outlines how misunderstanding aluminum behavior leads designers to rely on thick walls instead of stronger geometry.
The article begins by explaining that many people assume thicker walls automatically make aluminum parts stronger. It notes that aluminum does not respond to wall thickness the way steel does. Instead, its performance is shaped by how the metal flows through the extrusion die. The article states that custom aluminum design is more effective when profiles use ribs, chambers, and flanges to create stiffness without adding unnecessary weight. This guidance helps readers understand why adding material often increases cost without improving strength.
The article also highlights that thicker walls change how aluminum moves during extrusion. When heavy areas fill more slowly, the metal cools unevenly and can develop stress that only appears later. The HelloNation piece explains that well-balanced geometry keeps extrusion smooth and predictable. This consistency makes it easier to maintain dimensional accuracy across long production runs. By focusing on geometry, custom aluminum design avoids the problems that come with slow extrusion speeds and uneven cooling.
Another insight in the article centers on how ribs and internal supports influence stability. It describes how a thin wall supported by a properly placed rib often performs better than a thick wall with no reinforcement. This happens because the rib helps distribute load, improve stiffness, and guide the aluminum as it cools. The article explains that this structural approach makes custom aluminum design more efficient and gives designers more control over how the final part behaves under pressure.
The article also shows why early collaboration between designer and fabricator prevents costly changes. It states that a fabricator familiar with extrusion can catch potential issues before a die is built. Small adjustments to corners or transitions can remove weak points or improve metal flow. The article notes that this teamwork keeps the design aligned with real-world production. By working together early, both sides reduce the risk of redesigning the die after the first test run.
Machining is another area where the article explains how wall thickness affects performance. Features such as deep pockets or sharp internal angles may require slow feed rates or special tooling. When walls are thicker than needed, those areas can become difficult to machine cleanly. The article states that thoughtful custom aluminum design makes machining more predictable. Small changes, such as adding radiused edges or sizing features to match standard tools, help shorten cycle times and prevent tool wear.
Thermal behavior receives detailed attention as well. The article explains that aluminum retains heat differently depending on the mass of each section. Thicker walls hold heat longer, which increases the chance of distortion during extrusion, machining, or finishing. When a design uses geometry to create strength, the material cools more evenly. This reduces warping and helps long profiles stay aligned. The article notes that stable cooling is important for components that require a precise fit and consistent shape throughout an entire production run.
Cost is also a key topic in the article. It states that heavier profiles increase material use, extrusion time, and tooling needs. A custom aluminum design that relies on geometry instead of mass lowers material consumption and keeps the fabrication process efficient. The article explains that lighter parts are easier to handle, ship, and assemble. This saves money across multiple stages of production and supports long-term manufacturing efficiency.
The article also notes that smart custom aluminum design creates profiles that behave predictably during extrusion and machining. Smooth transitions, balanced wall dimensions, and structural features help reduce the chance of distortion or dimensional drift. These elements also lower scrap rates and support reliable performance. By using geometry instead of excess material, designers build parts that maintain strength without compromising manufacturability.
As the article concludes, it emphasizes that avoiding thick walls is one of the best ways to improve performance and lower cost. It states that the most dependable custom aluminum components come from designs that use structural features to strengthen the profile. When designers understand how aluminum behaves at each stage of extrusion and machining, they create parts that are strong, efficient, and consistent from batch to batch. This approach turns custom aluminum design into a predictable process rather than a series of uncertain adjustments.
A Common Mistake in Custom Aluminum Design features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, in HelloNation.
About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.
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SOURCE HelloNation
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World Young Scientist Summit 2026 Opens in Wenzhou, Zhejiang
Published
5 hours agoon
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WENZHOU, China, Oct. 24, 2026 /PRNewswire/ — This is a report by China Daily:
On October 24, the World Young Scientist Summit 2026 opened in Wenzhou, Zhejiang. The event is hosted by the China Association for Science and Technology (CAST), the Zhejiang Provincial People’s Government, and the World Association of Young Scientists. Nearly 800 representatives, including scientists, educators, and entrepreneurs from more than 60 countries and regions, are attending the summit.
He Junke, Vice President of CAST in charge of daily work and First Secretary of its Secretariat; Lian Yimin, Chairman and Party Group Secretary of the Zhejiang Provincial Committee of the Chinese People’s Political Consultative Conference; Marcelo Knobel, Executive Director of The World Academy of Sciences; and Zhang Zhenfeng, Member of the Standing Committee of the CPC Zhejiang Provincial Committee and Secretary of the CPC Wenzhou Municipal Committee, attended the summit and delivered remarks. Yao Gaoyuan, Vice Governor of the Zhejiang Provincial People’s Government, presided over the first segment of the plenary session.
With the theme “Gathering Talents Worldwide to Create a Better Future,” the summit’s annual agenda is “Global Youth Action in the AI Era: Building a Sustainable Future.” It aims to draw on the insights of young people around the world, deepen international sci-tech cooperation, and jointly address questions about young people, science, the world and the future.
Efim Zelmanov, Fields Medalist and Foreign Member of the Chinese Academy of Sciences; Chen Yunji, Deputy Director of the Institute of Computing Technology, CAS, and Director of the National Key Laboratory of Processor Chips; Mary Garson, President of the International Union of Pure and Applied Chemistry; and Lu Chaoyang, Member of the Standing Committee of CAST, Executive Dean of the Shanghai Institute of Advanced Study, University of Science and Technology of China, and Chairman of the Council of the World Association of Young Scientists, delivered keynote speeches respectively on education reform in the AI era, AI and processor chips, young women scientists’ participation in science, and quantum computing. They explored new opportunities for scientific research, talent cultivation, and international cooperation in the AI era.
This year’s summit placed greater emphasis on the growth needs of young scientists, with young talents under the age of 45 accounting for 88 percent of participants. It aimed to build a cluster of international journals, bring together young scientific talent, facilitate a batch of international collaborative projects and advance the application and commercialization of scientific and technological achievements. The summit released the Report on the Distribution and Mobility of Young Scientists in the Field of Embodied Intelligence, launched the World Young Scientist Summit Partner Journal Program and the 2026 World Young Scientist Innovation and Entrepreneurship Growth Support Program. It also published the “Young Scientist Pioneers 2035” list and announced the 2026 Sustainable Development Young Scientist Award. The awards were presented to four Chinese and foreign scientists.
Chen Tianrun, Founder of Hangzhou Moxin Technology Co., Ltd.; Yuan Yang, Assistant to the Dean of the Institute for Interdisciplinary Information Sciences at Tsinghua University; and two of the 2026 Sustainable Development Young Scientist Award winners, César de la Fuente and Nicola Segata, among other Chinese and foreign young scientist representatives, spoke at the flash-talk session to share their research practices and reflections.
In addition, the conference focused on fields such as future manufacturing, quantum information, embodied intelligence, brain-computer intelligence, environmental science, deep-sea resources, and life and health, and held 12 parallel forums. It also included the “Gravitation π” Future Technology and Concept Products Exhibition and Exchange, local thematic side events, and sci-tech and humanities study visits, further building an interdisciplinary, cross-regional and cross-sector platform for youth sci-tech exchange and cooperation.
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