Vibration Monitoring Market Size & Share, by Component (Hardware, Software, Services); Deployment Type (On-Premise, Cloud-Based, Hybrid); Monitoring Process Type (Online, Portable Vibration Monitor); Monitoring System Type (Embedded System, Vibration Meters, & Vibration Analyzers); Industry Vertical (Oil & Gas, Mining & Metal, Power Generation, Aerospace & Defense, Automotive, Food & Beverages, Chemicals) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2030

  • Report ID: 3322
  • Published Date: Feb 09, 2023
  • Report Format: PDF, PPT

Global Vibration Monitoring Market TOC

  1. Market Definition and Research Methodology
    1. Market Definition and Segmentation
    2. Assumptions and Acronyms
    3. Research Objective
    4. Research Methodology
  2. Executive Summary
  3. Market Dynamics
    1. Drivers
    2. Restraints
    3. Trends
    4. Opportunities
  4. Analysis on the Basis of Application
  5. Regulatory & Standards Landscape
  6. Industry Risk Analysis
  7. Industry Growth Outlook
  8. Industry Value Chain Analysis
  9. Impact of COVID-19 on the Global Vibration Monitoring Market
  10. Pricing Analysis
  11. Competitive Positioning
  12. Competitive Landscape
    1. STMicroelectronics
    2. Honeywell International Inc.
    3. General Electric
    4. National Instruments Corporation
    5. Rockwell Automation, Inc.
    6. Schaeffler AG
    7. Analog Devices, Inc.
    8. SPM Instrument AB
    9. Emerson Electric Company
    10. Meggitt PLC
  13. Global Vibration Monitoring Market
    1. By Value (USD Million)
    2. Global Vibration Monitoring Market Segmentation Analysis 2020-2030
      1. By Component
        1. Hardware
          1. Proximity Probes
          2. Transmitters
          3. Velocity Sensors
          4. Accelerometers
          5. Others
        2. Software
          1. Data Integration
          2. Diagnostics Reporting
          3. Parameter Calculation
        3. Services
          1. Route-Based Services
          2. Cloud-Based Predictive Maintenance
          3. Training & Consulting
      2. By Deployment Mode
        1. On-Premise
        2. Cloud-Based
        3. Hybrid
      3. By Monitoring Process Type
        1. Online Vibration Monitoring
        2. Portable Vibration Monitoring
      4. By Monitoring System Type
        1. Embedded Systems
        2. Vibration Meters
        3. Vibration Analyzers
      5. By Industry Vertical
        1. Oil & Gas
        2. Mining & Metal
        3. Power Generation
        4. Aerospace & Defense
        5. Automotive
        6. Food & Beverages
        7. Chemical
        8. Other Industries
      6. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle East & Africa
      7. Cross Analysis of Monitoring System Type w.r.t. Monitoring Process Type (USD Million)
  14. North America Vibration Monitoring Market
    1. Market by Value (USD Million)
      1. By Component
        1. Hardware
          1. Proximity Probes
          2. Transmitters
          3. Velocity Sensors
          4. Accelerometers
          5. Others
        2. Software
          1. Data Integration
          2. Diagnostics Reporting
          3. Parameter Calculation
        3. Services
          1. Route-Based Services
          2. Cloud-Based Predictive Maintenance
          3. Training & Consulting
      2. By Deployment Mode
        1. On-Premise
        2. Cloud-Based
        3. Hybrid
      3. By Monitoring Process Type
        1. Online Vibration Monitoring
        2. Portable Vibration Monitoring
      4. By Monitoring System Type
        1. Embedded Systems
        2. Vibration Meters
        3. Vibration Analyzers
      5. By Industry Vertical
        1. Oil & Gas
        2. Mining & Metal
        3. Power Generation
        4. Aerospace & Defense
        5. Automotive
        6. Food & Beverages
        7. Chemical
        8. Other Industries
      6. By Country
        1. United States
        2. Canada
      7. Cross Analysis of Monitoring System Type w.r.t. Monitoring Process Type (USD Million)
  15. Europe Vibration Monitoring Market
    1. Market by Value (USD Million)
      1. By Component
      2. By Deployment Mode
      3. By Monitoring Process Type
      4. By Monitoring System Type
      5. By Industry Vertical
      6. By Country
        1. United Kingdom
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Russia
        7. Netherlands
        8. Rest of Europe
      7. Cross Analysis of Monitoring System Type w.r.t. Monitoring Process Type (USD Million)
  16. Asia Pacific Vibration Monitoring Market
    1. Market by Value (USD Million)
      1. By Component
      2. By Deployment Mode
      3. By Monitoring Process Type
      4. By Monitoring System Type
      5. By Industry Vertical
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific
      7. Cross Analysis of Monitoring System Type w.r.t. Monitoring Process Type (USD Million)
  17. Latin America Vibration Monitoring Market
    1. Market by Value (USD Million)
      1. By Component
      2. By Deployment Mode
      3. By Monitoring Process Type
      4. By Monitoring System Type
      5. By Industry Vertical
      6. By Country
        1. Brazil
        2. Argentina
        3. Mexico
        4. Rest of Latin America
      7. Cross Analysis of Monitoring System Type w.r.t. Monitoring Process Type (USD Million)
  18. Middle East and Africa Vibration Monitoring Market
    1. Market by Value (USD Million)
      1. By Component
      2. By Deployment Mode
      3. By Monitoring Process Type
      4. By Monitoring System Type
      5. By Industry Vertical
      6. By Country
        1. GCC
        2. South Africa
        3. Rest of Middle East & Africa
      7. Cross Analysis of Monitoring System Type w.r.t. Monitoring Process Type (USD Million)

Global Vibration Monitoring Market Highlights Over 2020 - 2030

The global vibration monitoring market is estimated to garner a revenue of USD 2408.70 Million by the end of 2030, by growing at a CAGR of 6.13% over the forecast period, i.e., 2021 – 2030. Moreover, the market generated a revenue of USD 1349.62 Million in the year 2020. The growth of the market can be attributed to growing shift of industries towards Industry 5.0 from Industry 4.0, and for the shift in focus towards automated machineries from manually controlled machineries. Vibration monitoring systems utilizes sensors to identify vibrations in rotating machineries, allowing its user to understand a mechanical failure or malfunction in the rotating machine. Besides this, the rising adoption of wireless communication technology, increasing adoption of industrial internet of things (IIoT), and the growing advancements in machine technologies, are some of the additional factors anticipated to drive the market growth.

Vibration Monitoring Market Graph

Besides this, the growing manufacturing output globally, and the increasing demand for machineries worldwide are also estimated to contribute to the market growth in the coming years. According to the statistics by the Organisation for Economic Co-operation and Development (OECD), the manufacturing index of industrial production in the United States, Germany, and Mexico, touched 101.2 (2015=100), 105.5, and 106.3 respectively in the year 2018. Moreover, the numerous benefits associated with the adoption of wireless sensors and the advancement in cloud computing platforms are also expected to create numerous opportunities for market growth in the coming years. 

Benefits of Cloud Monitoring Platforms Graph

Global Vibration Monitoring Market Regional Synopsis

Regionally, the global vibration monitoring market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is anticipated to garner the largest revenue of USD 779.21 Million by the end of 2030, up from a revenue of USD 402.73 Million in the year 2020. One of the major factors anticipated to drive the growth of the market in the region is the rise in the number of manufacturing facilities across various industry verticals in several developing countries in the region, such as China, India, Japan, South Korea, and Australia among others. Additionally, the increasing value added by the manufacturing industry to the GDP of the nations in the region is also anticipated to boost the market growth in the coming years. According to the statistics by the World Bank, the value added by the manufacturing industry increased from USD 3.441 Trillion (current US$) in the year 2009 to USD 6.211 Trillion in the year 2020. The market in the region is further segmented by country into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific. Out of these, the market in China is anticipated to garner the largest revenue of USD 308.65 Million by the end of 2030, up from a revenue of USD 154.0 Million in the year 2020.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges Impacting the Growth of the Global Vibration Monitoring Market

Growth Drivers

  • Rising Adoption of Wireless Sensors in Machines in Industries
  • Advent of Secure Cloud Computing Platforms

Challenges

  • Issues Related to Reliability in the Prediction Capabilities of Vibration Monitoring Systems

Global Vibration Monitoring Market Segmentation Synopsis

The global vibration monitoring market is segmented by component into hardware, software, and services. Out of these, the hardware segment is anticipated to register the largest revenue of USD 1416.77 Million by the end of 2030, up from a revenue of USD 839.83 Million in the year 2020. The market is further segmented by deployment type into on-premise, cloud-based, and hybrid. Out of these, the cloud-based segment is projected to generate the largest revenue of USD 1063.27 Million by the end of 2030, up from a revenue of USD 586.34 Million in the year 2020. The segment is further expected to grow with a CAGR of 6.30% during the forecast period. By monitoring process type, the market is segmented into online, and portable vibration monitor, out of which, the online vibration monitor segment is expected to hold the highest market share by the end of 2030, and also grow with the highest CAGR of 6.43% during the forecast period. By monitoring system type, the market is segmented into embedded system, vibration meters, and vibration analyzers, out of which, the embedded system is projected to generate the largest revenue of USD 1429.24 Million by the end of 2030. By industry vertical, the market is segmented into oil & gas, mining & metal, power generation, aerospace & defense, automotive, food & beverages, chemicals, and others. Out of these, the oil & gas segment is expected to touch USD 792.55 Million by the end of 2030, and hold the highest market share during the forecast period.

Top Featured Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global vibration monitoring market that are included in our report are STMicroelectronics, Honeywell International Inc., General Electric, National Instruments Corporation, Rockwell Automation, Inc., Schaeffler AG, Analog Devices, Inc., SPM Instrument AB, Emerson Electric Company, Meggitt PLC, and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.


In-the-news

In the News

  • September 10, 2018: Meggitt PLC announced that it has received a contract for developing Engine Vibration Monitoring Unit (EVMU) from Korea Aerospace Industries (KAI). The next generation indigenous fighter aircraft, known as the KF-X fighter jet, is developed by the South Korea government in partnership with the Indonesian government.

  • November 12, 2019: Emerson Electric Co. announced that it has launched the low-cost, and easy-to-deploy vibration sensor, known as AMS Wireless Vibration Monitor, which automatically identifies failure involving rotating assets.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 3322
  • Published Date: Feb 09, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rising adoption of wireless sensors in machines in industries, and the advent of secure cloud computing platforms are some of the major factors anticipated to drive the market growth.

The market is anticipated to attain a CAGR of 6.13% over the forecast period, i.e., 2021 – 2030.

The issues related to reliability in the prediction capabilities of vibration monitoring systems is one of the major factors estimated to hamper the market growth.

The market in the Asia Pacific region is anticipated to garner the largest revenue of USD 779.21 Million by the end of 2030 and display significant business opportunities in the near future.

The major players in the market are STMicroelectronics, Honeywell International Inc., General Electric, National Instruments Corporation, Rockwell Automation, Inc., Schaeffler AG, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by component, deployment type, monitoring process type, monitoring system type, industry vertical, and by region.

The hardware segment registered the largest revenue of USD 1416.77 Million by the end of 2030 and display significant growth opportunities.
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