USD 5.32 billion
Report ID:
SQMG20D2004 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
0
|Figures:
0
Vibration Sensor Market size was valued at USD 5.63 Billion in 2023 and is poised to grow from USD 6.03 Billion in 2024 to USD 10.47 Billion by 2032, growing at a CAGR of 7.1% during the forecast period (2025-2032).
Vibration sensors are included into condition monitoring systems, allowing users to detect irregularities, damages, and balancing concerns in heavy machinery. The increasing integration of Industrial IoT technologies into the production environment has prompted market participants to create sophisticated technology sensors.
US Vibration Sensor Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5.32 billion
Largest Segment
Analog
Fastest Growth
Digital
Growth Rate
7.1% CAGR
To get more reports on the above market click here to Buy The Report
The global vibration sensor market is segmented by product, which is further segmented into accelerometers, velocity sensors, displacement sensors, proximity probes. By output type, market is segmented into analogue and digital. By application, it is segmented in automotive & transportation, consumer electronics, healthcare, oil & gas, chemical, aerospace, and defence. Based on region, the market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Vibration Sensor Market Analysis by Output Type
The analogue output category accounted for more than 60% of market revenue in 2021 and is expected to grow at a CAGR of 6.5% until 2028 thanks to its improved sensitivity, wide range readings, low-cost installations, and quick time benefits. These sensors are widely used in smart home security applications including home care kits, security alarm systems, and building management solutions. This has motivated OEMs to create analogue vibration sensors to meet the increased demand in home security applications, thus fuelling market growth. To enable effective vibration monitoring in smart home appliances, vibration sensor manufacturers in the global vibration sensor market are embedding analogue communication interfaces into their sensors.
To get detailed analysis on other segments, Request For Free Sample Report
Asia Pacific vibration sensor market garnered around 45% of the global revenue in 2021 and is expected to grow at the fastest CAGR of 8% from 2022 to 2028. This can be attributed to rising government initiatives to encourage automotive-grade semiconductor manufacturing. South Korea, for example, committed USD 176.8 billion in March 2021 to increase the country's automotive semiconductor output. It assists local enterprises in the production of sensors, chips, wafers, and other semiconductor components. The government intends to alleviate the worldwide semiconductor shortage in the automobile industry, which is expected to drive the regional vibration sensor market to next level.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Vibration Sensor Market Driver
Vibration Sensor Market Restraint
Request Free Customization of this report to help us to meet your business objectives.
Global vibration sensor market is highly fragmented. As new entrants have obstacles in reaching out to customers, the presence of multinational sensor manufacturers with established brand identities in the market is predicted to have a dramatic impact on the intensity of competitive competition. Brand identity has a significant impact on customer behaviour. As a result, well-known enterprises have a significant edge over other market participant. Texas Instruments, Honeywell, and Emerson are among the prominent participants in the global vibration sensor market.
Vibration Sensor Market Top Players Profiles
Vibration Sensor Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our market analysis, the global vibration sensor market is growing at a CAGR of over 6.89%. The main reasons for this growth are increasing demand from the automotive industry, expanding industrial applications, and rising adoption in the construction and maintenance sector. The automotive industry is one of the key drivers of the vibration sensor market. This is because it is constantly evolving and adding new features to its cars. In addition, the increasing popularity of alternative fuels has led to an increase in the usage of electric cars. Consequently, there is an increased demand for vibration sensors that can detect and avoid gas leaks. Another key factor driving demand for vibration sensor is their expanding industrial applications. These applications include mining, oil and gas production, civil engineering, power generation, transportation, and manufacturing among others. They are also being used in construction and maintenance sectors such as construction site monitoring, bridge inspection, car maintenance etc.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 5.32 billion |
Market size value in 2031 | USD 9.78 billion |
Growth Rate | 7.1% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered | s Profiles
|
Customization scope | Free report customization with purchase. Customization includes:-
|
Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Vibration Sensor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vibration Sensor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vibration Sensor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vibration Sensor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
vibration sensor market is valued at USD 5.45 billion in 2021, and it is anticipated to attain a value of USD 8.69 billion by 2028, at a CAGR of 6.89% over the forecast period (2022–2028).
vibration sensor market is highly fragmented. As new entrants have obstacles in reaching out to customers, the presence of multinational sensor manufacturers with established brand identities in the market is predicted to have a dramatic impact on the intensity of competitive competition. Brand identity has a significant impact on customer behaviour. As a result, well-known enterprises have a significant edge over other market participant. Texas Instruments, Honeywell, and Emerson are among the prominent participants in the vibration sensor market.'Baker Hughes Company (US)','TE Connectivity (Switzerland)','SKF (Sweden)','Honeywell International Inc. (US)','Emerson Electric Co. (US)','Robert Bosch (Germany)','NXP Semiconductors (Switzerland)','Omron Corp. (Japan)','Rockwell Automation Inc. (US)','National Instruments (US)'
Vibration sensor market is being driven by the increasing adoption by many companies because it is a cost-effective way to protect equipment and assets. There are many factors driving demand for vibration sensor technology, including growing awareness of the dangers of vibration hazard, reduction in manufacturing costs, improved safety and ergonomics, and reduction in maintenance costs.
Increasing demand from the automotive industry, expanding industrial applications, and rising adoption in the construction and maintenance sector.
Asia Pacific vibration sensor market garnered around 45% of the revenue in 2021 and is expected to grow at the fastest CAGR of 8% from 2022 to 2028. This can be attributed to rising government initiatives to encourage automotive-grade semiconductor manufacturing. South Korea, for example, committed USD 176.8 billion in March 2021 to increase the country's automotive semiconductor output. It assists local enterprises in the production of sensors, chips, wafers, and other semiconductor components. The government intends to alleviate the worldwide semiconductor shortage in the automobile industry, which is expected to drive the regional vibration sensor market to next level.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMG20D2004
sales@skyquestt.com
USA +1 351-333-4748