Market research involves studying market trends, growth patterns and understanding the influence of variables like macro and micro economic conditions, geopolitical and demographic conditions on the market value and market dynamics.
Vibration Sensor find its use in rotary machines to measure the levels of vibration. The application segment of the vibration sensors market comprises aerospace, coal and quarry sector, oil and gas, automotive, consumer, electronics machine and structure, medical, and pharmaceuticals. The airline industry is anticipated to witness a significant growth. It is also used for recording vibration of the machine that enables fault detection in a machine and provides ways to rectify it. Therefore, it enhances the safety, security & precision of the machines and the workforce working in the particular environment. This product also has use in industrial and commercial sector.
In the competitive industrial environment where the companies are expected to incorporate new features in their products and build smarter tools, the demand of vibration sensors is on a rise during the forecast period.
Market value and expected growth:
The market for Vibration Sensor System is forecast to grow at a CAGR of 7.39% over the forecast period, reaching $1.8 billion in 2023 from $ 3,354.73 million in 2018.
Asia Pacific contributed to 33.08% of the overall market share and will continue to lead in the market share during the forecast period.
The use of vibration sensors market in the medical industry is anticipated to grow during the forecast time period. The system is used in imaging, surgical instruments, diagnostic, and therapeutic.
Drivers, limitations and opportunities of the Vibration Sensor System Market:
The key factor leading to the growth of this industry is the growing popularity of smart factories. The advent of wide range of frequency, self-generating capability and long service life are also leading to the growth of the market. Furthermore, rapid improvement and customization options are few additional drivers.
The major factor hindering the growth of global vibration sensor market is maturity of end-user segment and compatibility with the old machinery.
Development in laser interferometry that is used along with the Vibration Sensor System creates an opportunity for the market.
Key players in the market:
Prominent players for this market are TE Connectivity Ltd, Dytran Instruments, Colibrys Ltd., Hansford Sensors Ltd., Fluke Corporation, ASC GmbH, Inc., Honeywell International, Inc., National Instruments Corporation, FUTEK Advanced Sensor Technology, Inc., MEMSIC, Silicon Designs, Inc. and Robert Bosch GmbH.
The global Vibration Sensor System Market can be geographically divided into North America, Europe, Asia pacific, South America and Middle East & Africa. Asia Pacific has the largest market share. Asia Pacific has a huge market for piezoresistive vibration sensors because the demand of these vibration sensors increased over a broad range of domains such as machine monitoring, sports diagnostic equipment, industrial monitoring, condition monitoring, and military applications among others.
Vibration Measurement - Low-frequency vibration is a harmful factor that affects the accuracy of micro/nano-measuring machines, therefore this low cost Optical Accelerometer was proposed in September, 2018.
Key highlights of the research report:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.3 Strain gauge
5.1.4 Variable Capacitance
5.1.5 Hand probe
5.1.6 Tri-Axial Sensors
5.1.6 Y-o-Y Growth Analysis, By Product
5.1.7 Market Attractiveness Analysis, By Product
5.1.8 Market Share Analysis, By Product
5.2.3 Oil and gas
5.2.4 Consumer Electronics
5.2.7 Structure monitoring
5.2.8 Coal and Quarry Sector
5.2.11 Y-o-Y Growth Analysis, By Type
5.2.12 Market Attractiveness Analysis, By Type
5.2.13 Market Share Analysis, By Type
5.3.2 Doped Silicon
5.3.4 Piezoelectric ceramics
5.3.7 Y-o-Y Growth Analysis, By Application
5.3.8 Market Attractiveness Analysis, By Application
5.3.9 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Technology
220.127.116.11 By Application
18.104.22.168 By Material
6.1.4 Market Attractiveness Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Technology
188.8.131.52 By Application
184.108.40.206 By Material
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Technology
22.214.171.124 By Application
126.96.36.199 By Material
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 TE Connectivity Ltd.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Dytran Instruments
8.3 Colibrys Ltd.
8.4 Hansford Sensors Ltd.
8.5 Fluke Corporation
8.6 ASC GmbH, Inc.
8.7 Honeywell International, Inc.
8.8 National Instruments Corporation
8.9 FUTEK Advanced Sensor Technology, Inc.
8.10 Silicon Designs, Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures