Vibration Sensor Market Size, Industry Trends Report | 2031

Segments - Vibration Sensor Market by Products (Velocity Sensors, Non-contact Displacement Transducers, Accelerometers, and Others), End-users (Aerospace & Defense, Oil & Gas, Consumer Electronics, Healthcare, Automotive, and Others), Regions (North America, Europe, Latin America, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global vibration sensor market size was valued at USD 3833.7 million in 2020 and estimated to grow at a robust CAGR during the forecast period, 2021-2028. The growth of market is attributed to increasing industrial market focus on production of smart tools and administering the conditions of the components.

The advance development of technology and innovative methodology led to better functionality and improved the production yield of machine thus maintenance of machine itself plays a vital role in enhancing the machines’ performance.

However the vibrating sensor segment have observed a surge in demand from the last few years but still compatibility is always a main concern especially when it comes to old equipment.

Although there are some factors that helps the market to flourish such as wireless monitoring system to administer the machines condition, rapid adoption of monitoring system for development of smart industries, and growing demand of sensors from emerging applications.

With COVID-19 outbreak the global supply chain and numerous products have witnessed a massive disruption, China being considered as one of the biggest production hub and the origin of virus outbreak from the same place production has temporarily been halted resulting multiple industries to witness shortage of supply of various products.

Market Trends, Drivers, Restraints, and Opportunities

Increasing competitive market and production of smart tools is expected to surge the market during the forecast period.
Increasing demand for electricity, need for energy efficiency, and optimal maintenance of electric supply machinery is estimated to drive the market in the coming years.
Growing adoption of automated monitoring technology for infrastructure development of smart factories is anticipated to boost the market during the projected period.
R&D and technological advancement resulting in better functioning and high productivity offers lucrative opportunities to the key players of the market.
Rising adoption of digitization and IoT is anticipated to spur the market in the coming years.
Lack of knowledge about the sensors and its compatible equipment act as one of the factor that can hamper the growth of the market in the coming years.

Scope of the market

The report on the global vibration sensor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Vibration sensor market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Products (Velocity Sensors, Non-Contact Displacement Transducers, Accelerometers, Other Products), End-user Verticals (Aerospace and Defense, Oil and Gas, Consumer Electronics, Healthcare, Automotive, Other End-user Verticals)
Regional Scope	North America, Europe, Latin America, Asia Pacific, and Middle East and Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	SKF GmbH; Honeywell International Inc; Emerson Electric Corporation; Texas Instruments Inc; Bosch Sensortec GmbH; National Instruments Corporations.

Market Segment Insights

The accelerometer segment is expected to hold key share of the market

Based on the products, the market is segregated into velocity sensors, non-contact displacement transducers, accelerometers, and others. The accelerometer segment is expected to hold key share of the market during the forecast period owing to extensive usage in collecting vibration monitoring data, appropriately used for wide band frequencies varying from very low to extremely high and are also available in specific designs for types of application.

The aerospace & defense segment is anticipated to exhibit high CAGR

On the basis of end users, the market is fragmented into aerospace & defense, oil & gas, consumer electronics, healthcare, automotive, and others. The aerospace & defense segment is anticipated to exhibit high CAGR in the coming years due to cost-effective maintenance, optimum utilization of asset, increasing commuter traffic has escalated the growth in aviation segment, and enhancement in PHM systems are some factors most likely to impact the growth of the market.

The United Kingdom is estimated to dominate the market

In the term of regions, the market is categorized into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. The United Kingdom is estimated to dominate the market during the projected period owing to the UK being the major hub of aerospace industry, the sensors capability to combat with the harsh climatic changes, and the growing demand for consumer electronics in the country has taken a massive leap which is being used with the appliances.

Segments

The global vibration sensor market has been bifurcated on the basis of

Product

Velocity Sensors
Non-contact Displacement Transducers
Accelerometers
Other Products

End-users

Aerospace and Defense
Oil and Gas
Consumer Electronics
Healthcare
Automotive
Other End-user Verticals

Regions

North America
Europe
Latin America
Asia Pacific
Middle East and Africa

Key Players

SKF GmbH
Honeywell International Inc
Emerson Electric Corporation
Texas Instruments Inc
Bosch Sensortec GmbH
National Instruments Corporations.

Competitive Landscape

Key players competing in global vibration sensor market include SKF GmbH; Honeywell International Inc.; Emerson Electric Corporation; Texas Instruments Inc.; Bosch Sensortec GmbH; National Instruments Corporations.

Vibration Sensor Market keyplayers

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

In June 2020, National Instruments Corporations announced and updated brand identity including visual identity, new logo, all new digital experience and a brand campaign, National Instruments Corporations is modernizing the measurement and test industry with enhanced software and new cloud learning capabilities.

In April 2020, Emerson Electric Corporation acquired American Governor Company the leader of in hydroelectric turbine control with the capabilities and expertise in renewable and power industry.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vibration Sensor Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Vibration Sensor Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Vibration Sensor Market - Supply Chain
  4.5. Global Vibration Sensor Market Forecast
     4.5.1. Vibration Sensor Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Vibration Sensor Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Vibration Sensor Market Absolute $ Opportunity
5. Global Vibration Sensor Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Vibration Sensor Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Vibration Sensor Demand Share Forecast, 2019-2026
6. North America Vibration Sensor Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Vibration Sensor Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Vibration Sensor Demand Share Forecast, 2019-2026
7. Latin America Vibration Sensor Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Vibration Sensor Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Vibration Sensor Demand Share Forecast, 2019-2026
8. Europe Vibration Sensor Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Vibration Sensor Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Vibration Sensor Demand Share Forecast, 2019-2026
9. Asia Pacific Vibration Sensor Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Vibration Sensor Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Vibration Sensor Demand Share Forecast, 2019-2026
10. Middle East & Africa Vibration Sensor Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Vibration Sensor Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Vibration Sensor Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Vibration Sensor Market: Market Share Analysis
  11.2. Vibration Sensor Distributors and Customers
  11.3. Vibration Sensor Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. SKF GmbH
     11.4.2. Honeywell International Inc
     11.4.3. Emerson Electric Corporation
     11.4.4. Texas Instruments Inc
     11.4.5. Bosch Sensortec GmbH
     11.4.6. National Instruments Corporations.