Global Vibration Sensor market report 2024, Forecast To 2033
13 Feb, 2024
The vibration sensor market has experienced robust growth, increasing from $4.06 billion in 2023 to $4.41 billion in 2024, with a compound annual growth rate (CAGR) of 8.7%. The substantial growth in the historic period is attributed to factors such as machinery health monitoring, regulatory compliance, predictive maintenance, a growing demand for predictive maintenance, and an increase in awareness of vibration-related issues. Looking ahead, the market is expected to see strong growth, reaching $6.02 billion in 2028 at a CAGR of 8.1%. The anticipated growth in the forecast period can be attributed to conditions monitoring as a service (CMAAS), energy harvesting sensors, integration into consumer electronics, a focus on safety and environmental compliance, and the increasing adoption of the industrial Internet of Things (IIoT). Major trends expected in the forecast period include the emergence of wireless vibration sensors, the integration of Industry 4.0 and smart manufacturing, advancements in edge computing, the rise of conditions monitoring as a service (CMAAS), and the utilization of MEMS vibration sensors.
Global Vibration Sensor Market Key Driver
The vibration sensor market is expected to thrive with the growing airline industry. Vibration analysis is crucial in aircraft for checking engine performance, ensuring safety. With India's domestic air passenger market projected to double by 2030, as per Boeing's 2020–2039 commercial market outlook, the demand for vibration sensors is set to increase, establishing the market as an essential player in the aviation sector.
Get A Free Sample Of The Global Vibration Sensor Market ReportGlobal Vibration Sensor Market Segments
The global vibration sensor market covered in this report is segmented –
1) By Product Type: Velocity Transducers, Electrodynamics, Accelerometers, Non-Contact Displacement Transducer
2) By Material: Doped Silicon, Quartz, Piezoelectric Ceramics
3) By Technology: Piezoresistive, Strain Gauge, Variable Capacitance, Optical
4) By End User: Aerospace, Coal And Quarry, Oil And Gas, Medical And Pharmaceuticals, Automobile, Consumer Electronics
By Geography: The regions covered in the Vibration Sensor market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawill be the largest region in the vibration sensor market share in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the vibration sensor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Vibration Sensor Industry Players
TE Connectivity Ltd., Honeywell International Inc., Emerson Electric Co., Robert Bosch GmbH, Dytran Instruments Inc., Fluke Corporation, NXP Semiconductors N.V., FUTEK Advanced Sensor Technology Inc., Hansford Sensors Ltd., Keyence Corporation, Colibrys Ltd., DIS Sensors, SKF GmbH, Texas Instruments Incorporated, Omron Corp., PCB Piezotronics, Rockwell Automation Inc., Siemens AG, STMicroelectronics NV, ams OSRAM AG, Endevco Corporation, PCB Piezotronics Inc., Sound and Vibration Measurement A/S, VTI Technologies Oy, MTS Systems Corporation, Hottinger Baldwin Messtechnik GmbH, Sensata Technologies Inc., LORD Corporation, GE Aviation Inc., United Technologies Corporation, Parker Hannifin Corporation, Meggitt plc, Rolls-Royce plc, Safran SA, Danaher Corporation, Teledyne Technologies Incorporated, Kistler Group
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Vibration Sensor Market Overview
The vibration sensor are used to measure the frequency of vibration in a given system, machine, or equipment. Vibration sensors are devices that convert vibrations into electrical output and measure the levels of vibration in machines, devices, and equipment. These sensors are also used for measuring fluctuating accelerations or speeds or for normal vibration measurement.
Vibration Sensor Global Market Report 2023 provides data on the global vibration sensor market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The vibration sensor market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.