How Has the Vibration System Market Size Evolved in Recent Years?
The vibration system market has seen considerable growth due to a variety of factors.
• The vibration system market has grown strongly in recent years. It will expand from $4.21 billion in 2024 to $4.53 billion in 2025, achieving a CAGR of 7.7%.
This growth is driven by regulatory requirements, growth in the automotive industry, an increasing focus on safety, rising consumer demand, and the rise of industrial automation and precision engineering.
What Are The Predictions for The Vibration System Market in the Coming Years?
The vibration system market is expected to maintain its strong growth trajectory in upcoming years.
• The vibration system market is expected to reach $6.02 billion by 2029, growing at a CAGR of 7.4%.
The growth is attributed to rising vehicle electrification, the adoption of smart manufacturing, the use of autonomous vehicles, increased vehicle efficiency, and more cloud-based technologies. Key trends include advancements in sensor technology, AI adoption, rising research and development investments, industrial IoT, and the development of smart materials and lightweight components.
Which Drivers Are Accelerating Growth In The Vibration System Market?
The expansion of the automotive industry is projected to fuel the growth of the vibration system market in the future. The automative industry encompasses the production, sale, and maintenance of motor vehicles – cars, trucks, and motorcycles included. This industry's growth is largely attributed to economic development, consumer advantages, environmental benefits, global competitiveness, and infrastructure improvement. Vibration systems play a crucial role in this industry, assisting in the testing and refinement of vehicle parts for durability, performance, and safety by emulating real-life vibration conditions. For example, a report by the International Trade Administration, a government agency based in the US, in November 2023 stated that the total value of locally produced Canadian automotive in 2022 stood at 64,565, a notable increase from 54,892 in 2021. Hence, the swift advancement of the automotive industry is causing the vibration system market to thrive.
What Are The Core Segments Of The Global Vibration System Market?
The vibration system market covered in this report is segmented –
1) By System Type: Embedded Systems, Vibration Analyzers, Vibration Meters
2) By Component: Hardware, Software, Services
3) By Monitoring Process: Online, Portable
4) By Deployment Type: On-Premises, Cloud
5) By Industry: Oil And Gas, Energy And Power, Metals And Mining, Chemicals, Automotive, Aerospace And Defense, Food And Beverages, Marine, Pulp And Paper, Other Industries
Subsegments:
1) By Embedded Systems: Vibration Sensing Modules, Vibration Control Systems, Integrated Vibration Monitoring Units
2) By Vibration Analyzers: Handheld Vibration Analyzers, Portable Vibration Analyzers, Online Vibration Analyzers
3) By Vibration Meters: Analog Vibration Meters, Digital Vibration Meters, Wireless Vibration Meters
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Which Emerging Market Trends Are Altering The Vibration System Industry?
Top companies in the vibration system market are prioritizing the creation of innovative solutions such as wireless sensors to greatly improve predictive maintenance and real-time data analysis capabilities. Wireless sensors in vibration systems work by detecting and quantifying vibrations, then wirelessly relaying this data to a monitoring system. This function is crucial to contemporary vibration monitoring and analysis as it facilitates real-time data gathering and evaluation without the need for elaborate wiring. For example, in November 2023, the Spanish IoT company Worldsensing SL, which specializes in sensing solutions, introduced the Vibration Meter. This is a wireless sensor specifically designed for ongoing, long-term vibration monitoring tasks. It boasts a tri-axial MEMS accelerometer, a more competitive price, a broader communication range and extended battery life than its counterparts, in addition to compliance with key regulatory standards.
Who Are the Key Players In The Vibration System Market?
Major companies operating in the vibration system market are:
• Honeywell International Inc.
• RION Co. Ltd.
• Emerson Electric Co.
• Rockwell Automation Inc.
• OMRON Corporation
• Meggitt PLC
• Fluke Corporation
• National Instruments Corporation
• MTS Systems Corporation
• Kistler Group
• Brüel & Kjær Sound & Vibration Measurement A/S
• Thermotron Industries Inc.
• Dytran Instruments Inc.
• Noise & Vibration Technologies LLC
• Metrix Instrument Co.
• Columbia Research Laboratories Inc.
• Vibration Research Corporation
• IMV Corporation
• Larson Davis
• Dynamic Solutions Systems Inc.
• VibraSens
What Are The Regional Insights Into The Vibration System Market?
Asia-Pacific was the largest region in the vibration system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vibration system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
