Category : Semiconductor and Electronics | Published at : June-2021 | Delivery Format : PDF | Status: Published | Pages : 190
The market for vibration sensor is expected to grow at a CAGR of around 8.5% from 2020 to 2027 and expected to reach the market value of around US$ 3.5 Bn by 2027.
Vibration sensors are piezoelectric accelerometers or devices that sense vibration and are used for measuring fluctuating accelerations or speeds or for normal vibration measurement. These sensors are used by the maintenance professionals to predict the maintenance of the machinery, reduce overall costs and increase the performance of the machinery. Some of the other Monitoring Process of vibration sensors include process control systems, aerial navigation, and underwater-Monitoring Process.
Market Dynamics
The increasing extensive usage of vibration systems for monitoring the condition of machines, bridges, and buildings, and for the prediction of natural disasters is driving the market growth. The rising demand for predictive maintenance in rotating machinery, including motors, bearings, pumps, and turbines are driving the market value. The increasing need for machine condition monitoring and maintenance coupled with the rising adoption in industrial IoT (IIoT) is bolstering the market value. The ongoing transition from preventive to predictive maintenance in the industrial verticals is further boosting the market value. Furthermore, increasing demand in Industrial IoT (IIoT) is projected to create potential opportunities over the forecast period from 2020 to 2027.
On the other side, issues associated with the operations in high temperature are likely to hinder the growth to an extent over the forecast period from 2020 to 2027.
Segment Instance of Global Vibration Sensor Market
Accelerometers accounted for the maximum revenue share in the global market
On the basis of type, accelerometers are leading the global vibration sensor market with maximum revenue share (%) and the segment is also projected to maintain its dominance throughout the forecast period from 2020 to 2027. These have Monitoring Process across industries such as automotive, consumer electronics, and manufacturing, among others. The growing usage of accelerometers in consumer electronics for the detection of orientation of the devices such as smartphones and tablets is further projected to create potential growth over the forecast timeframe from 2020 to 2027.
North America accounted for the maximum revenue share in the global market
In 2019, North America accounted for the maximum revenue share in the global market, and the region is also projected to maintain its dominance over the forecast period from 2020 to 2027. The major economies of the region including the US and Canada are the major revenue contributor to the regional market value. The adoption of these vibration sensor systems by these companies for Monitoring Process such as rail asset management is contributing to the regional market value. The increasing adoption of these systems in the region’s aerospace & defense sector is further bolstering the regional market value.
Asia Pacific is projected to exhibit fastest growth over the forecast period from 2020 to 2027
Asia Pacific is projected to exhibit the fastest growth over the forecast period from 2020 to 2027 due to improvisation in the industrial infrastructure of the regional market. The major developing economies of the region are the major revenue contributors in the regional market. The low labor costs are forcing various global manufacturers to expand their production base in developing countries of Asia Pacific, as in turn, the demand for predictive maintenance of machinery is also increasing among their manufacturers. In consumer electronics, these vibration sensors are used in Monitoring Process such as orientation detection and free-fall sensing is further proliferating the regional market value.
Key Market Players
The players profiled in the report include Advanced Sensors Calibration GmbH, Inc., Analog Devices, Inc., Dytran Instruments, Inc., Honeywell International, Inc., Robert Bosch GmbH, Hansford Sensors Ltd., Colibrys Ltd., National Instruments Corporation, TE Connectivity Ltd., and FUTEK Advanced Sensor Technology Inc. among others.
Market Segmentation
Market By Type
Accelerometers
Proximity Probes
Displacement Sensors
Velocity Sensors
Market By Monitoring Process
Online Vibration Monitoring
Portable Vibration Monitoring
Market By Equipment
Embedded Systems
Vibration Analyzers
Vibration Meters
Market By End-use
Oil and Gas
Energy and Power
Metals and Mining
Chemicals
Automotive
Aerospace and Defense
Food and Beverages
Semiconductors and Electronics
Pharmaceuticals
Healthcare
Others
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
Frequently Asked Questions
The market for vibration sensor is expected to reach a market value of around US$ 3.5 Bn by 2027.
The vibration sensor market is expected to grow at a CAGR of around 8.5% from 2020 to 2027.
Accelerometers is the leading segment by type in the vibration sensor market
The increasing extensive usage of vibration systems for monitoring the condition of machines, bridges, and buildings, prediction of natural disasters, rising demand for predictive maintenance in rotating machinery, and increasing need for machine condition monitoring and maintenance are some of the key drivers of the global vibration sensor market.
Advanced Sensors Calibration GmbH, Inc., Analog Devices, Inc., Dytran Instruments, Inc., Honeywell International, Inc., Robert Bosch GmbH, Hansford Sensors Ltd., Colibrys Ltd., National Instruments Corporation, TE Connectivity Ltd., and FUTEK Advanced Sensor Technology Inc.
North America held the highest market share in the vibration sensor market
Asia Pacific held the highest market share in the vibration sensor market
