The global vibration sensor market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Vibration sensors are the devices, that detect vibrations and convert them into an electric current. With the growth witnessed in the machine condition monitoring as well as maintenance, these systems are also being increasingly more adopted. In the recent years, vibration systems have been extensively utilized for monitoring the condition of machines, building and bridges, and for the prediction of natural disasters, which is expected to boost the growth of the market during the forecast period. The growing demand for predictive in rotating machinery, such as motors, pumps, bearings, and turbines, among others, are also boosting the growth of the vibration sensor market.
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The technologies like Machine Learning (ML) and Internet of Things (IoT), wireless sensor networks, cloud-based analysis, and big statistics have found their way into the world of machine vibration measurements. These systems are utilised in both discrete manufacturing as well as process manufacturing for predictive maintenance, which is further boosting the market growth during the forecast period.
The global vibration sensor market analysis includes some of the key market players such as Advanced Sensors Calibration GmbH, Inc., Analog Devices, Inc., Dytran Instruments, Inc., Honeywell International, Inc., and Robert Bosch GmbH, among others. In order to maintain a strong position in the market, these market players are adopting various strategic moves, such as product launches, partnerships, collaborations, and mergers and acquisitions.
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Recent Developments:
- In March 2017, Analog Devices, Inc. launch an accelerometer-ADXL372, that is designed for long-period monitoring of the physical condition of machines.
- In May 2020, TE Connectivity, Ltd. has established a partnership with Mouser Electronics, Inc. Under the partnership Mouser Electronics, Inc. distributes TE Connectivity, Ltd.’s vibration sensors across Europe.
Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: Advanced Sensors Calibration GmbH, Inc., Analog Devices, Inc., Dytran Instruments, Inc., Honeywell International, Inc., and Robert Bosch GmbH, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Vibration Sensor Market By Segment
By Type
- Accelerometers
- Velocity Sensor
- Displacement Sensor
By End-User
- Automobile
- Consumer Electronics
- Healthcare
- Aerospace & Defense
- Oil & Gas
- Others
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