Global Vibration Sensor Market Report 2022 – Market Forecast, Trends And Strategies
10 Aug, 2022
The global vibration sensors market size is expected to grow from $3.37 billion in 2021 to $3.63 billion in 2022 at a compound annual growth rate (CAGR) of 7.52%. The growth in the market is mainly due to the companies' rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global vibration sensor market size is expected to reach $4.87 billion in 2026 at a CAGR of 7.61%.
What is the Global Vibration Sensor Market?
The vibration sensor market consists of the sale of vibration sensor devices or related products by entities (organizations, sole traders, and partnerships) that 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.
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What drives the Global Vibration Sensor Market?
The growing airline industry is expected to propel the growth of the vibration sensor market. In aircraft, vibration analysis is carried out on engines to check vibration levels and ensure no cracking, functioning avionics, and engine performance. According to Boeing’s 2020–2039 commercial market outlook, India's domestic air passenger market is expected to double its size by 2030, from pre-pandemic levels, creating demand for an additional 2,200 new commercial aircraft in the next 20 years in India. Hence, the growing airline industry is expected to contribute to the demand for vibration sensors, thus driving the market during the forecast period.
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https://www.thebusinessresearchcompany.com/report/vibration-sensor-global-market-reportGlobal Vibration Sensor Market Segments
The global vibration sensor market is segmented:
By Product Type: Velocity Transducers, Electrodynamics, Accelerometers, Non-Contact Displacement Transducer
By Material: Doped Silicon, Quartz, Piezoelectric Ceramics
By Technology: Piezoresistive, Strain Gauge, Variable Capacitance, Optical
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.
Vibration Sensor Global Market Report 2022provides market size and growth forecasts for the global vibration sensor market, global vibration sensor market share, vibration sensor market segments and geographies, vibration sensor market competitive landscape including leading competitors’ revenues, profiles and market shares. The vibration sensor market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Vibration Sensor Industry Playersinclude 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, and PCB Piezotronics. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.