Fibre metal laminates (FML) represent an innovative class of advanced composite materials that integrate the mechanical properties of both metals and fibre‐reinforced composites (FRP). Combining the strength and ductility of metals with the lightweight and high stiffness of FRP and FMLs have emerged as new material compositions for applications in chemical, nuclear, automobile, and aerospace engineering disciplines. Structural health monitoring (SHM) using guided ultrasonic waves (GUW) is the state‐of‐the‐art for non‐destructive testing of thin‐walled structures. When applied to FML, SHM plays a crucial role in monitoring the integrity over time and detecting potential damage such as delamination, fibre breakage, or other structural anomalies. In SHM with GUW, a wave‐field is emitted by actuators. This wave‐field can be affected by damage in the structure, thereby changing its propagation characteristics. Sensors monitor the interaction between damage and GUW, which can be utilized to locate and classify the damage and ascertain the overall health state of the structure. In this study, an advanced integration of measurement hardware, that is, sensors and actuators, within the laminate structure is investigated. Sensor integration into FML allows for improved and more sophisticated monitoring capabilities in comparison to measuring techniques like laser vibrometers, which are limited to measuring displacements on the surface of the structure. However, the integration of sensors and actuators yields the technical difficulty of distorting the wave‐fields and may result in an over‐ or underestimation of the damage. Similar to damage, the distortion of the wave‐field is caused by the changes in acoustic impedance resulting from different material properties. In a previous study, incorporating a functionally graded artificial interphase through acoustic impedance matching between the sensor and host material showed notable and significant outcomes. The current contribution extends the prior graded artificial interphase for an isotropic homogeneous material to an FML structure. This paper presents a comprehensive numerical simulation study on a two‐dimensional model of FML with integrated sensors. The interphases are designed based on impedance matching, which improves signal transmission and reduces disturbing reflections. The conducted investigations hold for several interphase configurations for a wide frequency range. The optimised integration of sensors demonstrates promising results for enhancing the reliability and accuracy of SHM systems. This research serves as a foundation for further experimental validation and the development of advanced sensor‐integrated FML structures with improved monitoring capabilities.