Our comprehensive research on the Global Vibration Sensor Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global vibration sensor market size was US$ 5.4 billion in 2021. The global vibration sensor market will grow to US$ 8.5 billion by 2030 by growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
Vibration sensors are forecast to gain traction due to the growing demand for monitoring a machine’s condition. In addition, the rising demand for high-performing operational products and the increasing number of industrial hubs will contribute to the growth of the vibration sensor market.
It has become necessary to monitor and analyze machines or other critical equipment. Thus, it will surge the growth of the industry. In addition, growing industrialization will contribute to the growth of the industry.
The increasing use of these systems in energy harvesting applications will benefit the market during the study period. These systems are highly deployed to convert vibrations into electric energy. Furthermore, growing investments by governments will significantly boost the growth of the market. For instance, the U.K. Government’s Technology Strategy Board announced its plan to invest US$ 3 million to support the development of low-power energy harvesting technologies.
The use of the systems for railway track monitoring is forecast to escalate the growth of the market. These systems are highly used to detect the problems like breaks and dislocations bodes in rails. Thus, such applications are forecast to benefit the vibration sensor market during the study period.
The vibration sensor market will also grow due to the contribution of prominent industry players. For instance, Fluke Corporation unveiled its Fluke Connect Condition Monitoring (FCCM in 2018. The system collects, stores, and interprets the data from various sensors. Thus, such advancements in the vibration sensor market will gain significant traction.
COVID-19 Impact Analysis
The COVID-19 pandemic hampered all the industrial and manufacturing activities. As a result, it impacted the global vibration sensor market. In addition, imposed lockdown and other restrictions in various countries hampered the growth of the global vibration sensor market.
Regional Analysis
The Asia-Pacific vibration sensor market is forecast to grow rapidly due to growing industrialization. Japan is one of the top-most manufacturers of components in the consumer electronics market. In addition, the presence of end-use companies like Samsung Electronics, Sony, Canon, Toshiba, Panasonic, Hitachi, Nikon, and Casio will contribute to the growth of the market.
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Competitors in the Market
- Rockwell Automation Inc.
- TE Connectivity Ltd
- SKF GmbH
- National Instruments Corporation
- NXP Semiconductors NV
- Texas Instruments Incorporated
- Honeywell International Inc.
- Analog devises Inc.
- Emerson Electric Corp.
- Hansford Sensors Ltd
- Bosch Sensortec GmbH
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Vibration Sensor industry experienced notable growth in its workforce. Starting in January, employment within the Vibration Sensor sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Vibration Sensor output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Vibration Sensor output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Vibration Sensor market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Vibration Sensor market.
Market Segmentation
The global vibration sensor market segmentation focuses on Product, Monitoring, Technology, Material, End-User, and Region.
By Product Outlook
- Accelerometers
- Velocity Sensors
- Non-contact Displacement Transducers
- Others
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By Monitoring Process Outlook
- Online Vibration Monitoring
- Portable Vibration Monitoring
By Technology Outlook
- Piezoresistive
- Strain Gauge
- Variable Capacitance
- Hand Probe
- Optical Sensor
- Tri-axial Sensors
- Others
By Material Outlook
- Doped Silicon
- Piezoelectric Ceramics
- Quartz
By End User Outlook
- Automotive
- Healthcare
- Aerospace and Defence
- Consumer Electronics
- Oil and Gas
- Others
By Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Vibration Sensor Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Vibration Sensor Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Vibration Sensor Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Vibration Sensor Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Vibration Sensor market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Vibration Sensor market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Vibration Sensor business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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