Global Vibration Sensor Market By Type (Accelerometers, Proximity Probes, Displacement Sensors and Velocity Sensors), Monitoring Process (Online Vibration Monitoring and Portable Vibration Monitoring), Equipment (Embedded Systems, Vibration Analysers and Vibration Meters), Industry Vertical (Oil and Gas, Energy and Power, Metals and Mining, Chemicals, Automotive, Aerospace and Defense, Food and Beverages, Semiconductors and Electronics, Pharmaceuticals, Healthcare and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Vibration Sensor Market
Data Bridge Market Research analyses that the vibration sensor market will exhibit a CAGR of 7.16% for the forecast period of 2021-2028. Growth and expansion of semiconductors industry, rising adoption of automated condition monitoring technologies for the development of smart factories rising trend of wireless vibration monitoring systems and increasing application of vibration sensors by the various end user verticals such as oil and gas, energy and power, metals and mining, chemicals, automotive, aerospace and defense, food and beverages, semiconductors and electronics, pharmaceuticals, healthcare and others are some of the major factors attributable to the growth of vibration sensor market. This means that the vibration sensor market value would stand tall by USD 5.04 billion by the year 2028.
Vibration sensors are used to measure the machine health and other parameters like displacement, acceleration and velocity. Also known as vibration transducer, the vibration sensors are used to convert the vibrations into voltage or electrical equivalent output.
Rising demand and use of wireless systems for machine condition monitoring is responsible for the unprecedented growth of the vibration sensor market. The emerging trend or on-going transition from preventive to predictive maintenance coupled with rising advancements in the technological up gradations will further create lucrative and remunerative growth opportunities for the market. Growing awareness about predictive maintenance is also responsible for fostering the market growth rate.
However, vibration sensors are unable to recognize minute variations will pose a big time challenge to the market growth rate. Dearth of skilled/ trained professionals or lack of technological expertise especially in developing and under developing economies will further derail the market growth rate. Increased costs associated with additional machinery will also act as market growth restraints.
This vibration sensor market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on vibration sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Vibration Sensor Market Scope and Market Size
The vibration sensor market is segmented on the basis of type, process, monitoring process, equipment and industry vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the vibration sensor market is segmented into accelerometers, proximity probes, displacement sensors and velocity sensors. Accelerometers segment is sub-segmented into capacitive MEMS, piezoresistive and piezoelectric.
- On the basis of monitoring process, the vibration sensor market is segmented into online vibration monitoring and portable vibration monitoring.
- On the basis of equipment, the vibration sensor market is segmented into embedded systems, vibration analysers and vibration meters.
- On the basis of industry vertical, the vibration sensor market is segmented into oil and gas, energy and power, metals and mining, chemicals, automotive, aerospace and defense, food and beverages, semiconductors and electronics, pharmaceuticals, healthcare and others. Others segment is sub-segmented into machine manufacturing, cement, railways, marine, and pulp and paper industries.
Vibration Sensor Market Country Level Analysis
The vibration sensor market is analysed and market size, volume information is provided by country, type, process, monitoring process, equipment and industry vertical as referenced above.
The countries covered in the vibration sensor market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the vibration sensor market and will continue to flourish its dominance during the forecast period. This is because of increased adoption of these systems by aerospace and defence sector. Asia-Pacific on the other hand will project the highest compound annual growth rate during the forecast period owing to rising industrialization and abundant availability of raw materials.
The country section of the vibration sensor market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Vibration Sensor Market Share Analysis
The vibration sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the vibration sensor market.
The major players covered in the vibration sensor market report are SKF, Bosch Sensortec GmbH, Honeywell International Inc, Emerson Electric Co., Texas Instruments Incorporated., NATIONAL INSTRUMENTS CORP., Baker Hughes Company, TE Connectivity., NXP Semiconductors., OMRON Corporation, Rockwell Automation, Inc., DYTRAN INSTRUMENTS INCORPORATED., KEYENCE CORPORATION., Fluke Corporation, Amphenol (Maryland), Inc., PCB Piezotronics, Inc., SPM Instrument AB., ASC GmbH, Analog Devices, Inc. and Hansford Sensors. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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