Global Vibration Sensor Market Insights Forecasts To 2030
- The Vibration Sensor market was valued at USD 3 billion in 2021.
- The market is growing at a CAGR of 7% from 2022 to 2030
- The global Vibration Sensor market is expected to reach USD 5 billion by 2030
- Asia Pacific is expected to grow the fastest during the forecast period
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The global Vibration Sensor market is expected to reach USD 5 billion by 2030, at a CAGR of 7% during the forecast period 2022 to 2030. The primary reason which are driving the market growth are the extended service life and self-generation capacities.
Vibration sensors, also known as vibration transducers, are apparatuses that convert an object's mechanical motion into an output that is electrically equivalent. These sensors are used in rotating machines in order to measure the vibration level. In order to identify problems in the various machine parts, vibration sensors are used. Because it can detect frequencies that could be harmful to both the machinery and the humans using it, a vibration sensor is used in the process of increasing security. Additionally, it is used to increase the precision of the machines. Natural frequency, damping coefficient, and scaling factor are three features that set vibration sensors apart from other types of sensors. A vibration sensor's natural frequency and damping coefficient are the two elements that combined determine the degree of accuracy the sensor is capable of. Vibration has a variety of advantages as well as disadvantages. It is used to identify any potentially disastrous situations so that preventative measures can be done before they occur. However, this vibration should be completely avoided in the commercial and industrial sectors because it could damage equipment. Additionally, when there is too much injury, people are put in risk.
Global Vibration Sensor Market Report Coverage
|Market Size in 2020:||USD 3 Billion|
|Forecast Period 2022-2030 CAGR:||7 %|
|2030 Value Projection:||USD 5 Billion|
|Historical Data for:||2019-2020|
|No. of Pages:||205|
|Tables, Charts & Figures:||124|
|Segments covered:||By Type, By Application, By Technology|
|Companies Covered:||ASC GmbH, TE Connectivity Ltd., National Instruments Corporation, Robert Bosch GmbH, Hansford Sensors Ltd., Honeywell International Inc.|
|Growth Drivers:||The self-generation and longer service life characteristics, along with a wide frequency range, are expected to be the main factors driving growth in the global market for vibrational sensors.|
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This research report categorizes the market for vibration sensors market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the vibration sensors market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the vibration sensors market.
The self-generation and longer service life characteristics, along with a wide frequency range, are expected to be the main factors driving growth in the global market for vibrational sensors. Predictive maintenance is gradually spreading throughout the manufacturing sector worldwide as a result of the many benefits it offers. It is being used widely, especially in industries that rely substantially on capital investments, such the oil and gas and automotive sectors. Predictive maintenance encompasses a wide range of techniques and tactics that can be used to keep track of the condition of machinery and equipment. This enables one to spot wear and other forms of breakdowns early on. As a result, the market for vibration sensors is growing significantly as a result of the transition from preventative maintenance to predictive maintenance. In recent years, sensors' underlying technology has advanced remarkably. A growing number of advanced sensors, including wireless sensors, fiber-optic sensors, and micro-electromechanical system (MEMS) sensors, are being used in several contexts all over the world. It is standard procedure to utilise sensors in monitoring applications that can perform consistently even when exposed to extreme conditions.
- In 2021, Accelerometers hold the highest market share during the forecast period.
Based on type, the global vibration sensor market is segmented into accelerometers, electrodynamics, velocity transducer, non-contact displacement transducer. Among these, accelerometers segment holds the highest market share during the forecast period. The growth of this market sector may be attributed to the increasing use of accelerometers for the purpose of data collection in vibration monitoring. Piezoelectric accelerometers are by far the most common form of sensor used in applications involving vibration monitoring. They can be used across a wide frequency range, from incredibly low frequencies to incredibly high frequencies. Additionally, a wide range of designs that are customised especially for a particular purpose are available for these accelerometers.
- In 2021, Automobile segment to witness the highest growth with a significant CAGR.
On the basis of application, the global vibration sensor market is segmented into automobile, aerospace, oil & gas, medical & pharmaceuticals, others. Among these, the automobile segment is going to witness the highest growth rate with a significant CAGR over the forecast period. Motor monitoring systems and vibration sensors are required as the global automotive industry concentrates on automating and modernising assembly lines. Analysis of the motor's current signature can help make equipment last longer and break down less frequently. Significant indicators of the automotive industry's expansion can be seen in the number of vehicles manufactured daily. In order to reduce the length of the production cycle and increase production output, routine maintenance must be carried out on the equipment found on the factory floor.
- In 2021, piezoresistive segment to dominate the market with the market share of 24%.
On the basis of technology, the global vibration sensor market is segmented into piezo resistive, variable capacitance. Among these, piezoresistive segment is going to dominate the market with the overall market share of 24%. Piezoresistive vibration sensors provide advantages over other types of vibration sensors, including fixed sensitivity and less expensive electronics and cabling requirements. Automotive safety applications like anti-lock brake systems, airbags, and traction control systems frequently include piezoresistive accelerometers. Additionally, piezoresistive accelerometers are better suited for monitoring both static and dynamic accelerations than variable capacitance and optical sensors.
Regional Segment Analysis of the Vibration Sensors Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
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North America emerged as the largest market for the global Vibration Sensors market in 2021.
North America holds the largest market share of about 37% in the global Vibration Sensors market. This is indicated by the region's well-established car industry's greater use of vibration sensors. Along with having businesses like the Canadian National Railway, Kansas City Southern Railway, and Norfolk Southern Railway, the region also has some of the world's biggest rail networks. As a result, the market's expansion is driven by the demand for the products in applications like rail asset management. Additionally, it is predicted that a surge in product demand for consumer electronics applications will promote regional market expansion. Over the projected period, the market in the Asia Pacific region is anticipated to grow at the fastest rate.
- In April 2020, Emerson acquired American Governor Company which boosts Emerson’s renewal and power industry technologies and experience.
List of Key Market Players
- ASC GmbH
- TE Connectivity Ltd.
- National Instruments Corporation
- Robert Bosch GmbH
- Hansford Sensors Ltd.
- Honeywell International Inc.
Vibration Sensors Market, By Type
Vibration Sensors Market, By Application
Vibration Sensors Market, By Technology
- Piezo Resistive
- Variable Capacitance
Vibration Sensors Market, By Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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