Vibration Sensor Market Size | Global Industry Forecast, 2024

Market Segmentation

Our in-depth analysis has segmented global vibration sensor market into the following segments:

By Product Type

Accelerometers
Electrodynamics Velocity Transducer
Non-Contact Displacement Transducer

By Equipment

Piezoresistive
Strain Gauge
Variable Capacitance
Hand Probe
Tri-Axial Sensors

By Material

Doped silicon
Quartz
Piezoelectric Ceramics

By Application

Automobile
Aerospace
Electronics
Oil & Gas
Machine & Structure Monitoring
Medical

By Region

Global vibration sensor market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

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Market Size and Forecast

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Global vibration sensor market is anticipated to flourish at a CAGR of 11.2% during the forecast period i.e. 2017-2024. Factors such as the growing use of wireless vibration sensors for vibration monitoring in order to reduce the cost of equipment downtime are making headway for the growth of the global vibration sensor market. Moreover, high demand for vibration sensor systems worldwide by the countries is anticipated to positively impact the growth of the global vibration sensor market.

Geographically, North-America is projected to dominate the overall market of vibration sensor during the forecast period. Factors such as high usage of vibration sensors in airline industry where turbulence can be reduced and the advancement in the vibration sensor is growing with respect to its size, load capacity and frequency range is anticipated to fuel the growth of the North America vibration sensor market.

Europe is poised to record fastest growth rate during the forecast period. Factor such as wide range of frequency and self-generating capability is predicted to trigger the growth of the global vibration sensor market over the forecast period. Moreover, long serving life is a major factor which is anticipated to drive the growth of global vibration sensor market in the years ahead. Asia Pacific vibration sensor market is expected to witness substantial growth over the forecast period. Factors such as use of vibration sensors along with piezoelectric accelerometers are envisioned to strengthen the growth of vibration sensor market in Asia Pacific.

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Based on product type, vibration sensor market is segmented into accelerometers, electrodynamics velocity transducer and non-contact displacement transducer, out of which, accelerometers vibration sensor segment is expected to dominate the overall vibration sensor market during the forecast period.

Growth Drivers & Challenges

Increasing monitoring and safety features across the globe is anticipated to intensify the growth of the global vibration sensor market. In addition, high accuracy of measurement through these sensors is anticipated to positively drive the growth of the global vibration sensor market.

Apart from this, increasing approval for various monitoring devices is anticipated to be the dynamic factor behind the growth of the global vibration sensor market. Growing safety & aid features offered by the usage of vibration sensor has increased the protection over machines. This factor is anticipated to supplement the growth of the global vibration sensor market.

Further, increasing number of vibration sensor companies is likely to further strengthen the growth of the global vibration sensor market. In addition, factor such as developments in laser interferometry is expected to increase the growth of global vibration market over the forecast period.

However, availability of other vibration measuring devices is some of the key factors which are expected to limit the growth of global vibration sensor market in upcoming years.

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Top Featured Companies Dominating The Market

ASC GmbH
- Company Overview
- Key Product Offering
- Business Strategy
- SWOT Analysis
- Financials
Dytran Instruments, Inc.
TE Connectivity Ltd.
Honeywell International Inc.
FUTEK Advanced Sensor Technology Inc.
National Instruments Corporation
Colibrys Ltd.
Hansford Sensors Ltd.
Robert Bosch GmbH

In The News

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Vibration Sensor Market