As per the research report, the size for Vibration Sensors System Market is expected to grow at a CAGR of 7.39% over the forecast period 2021 - 2026, reaching $1.8 billion in 2026 from $ 3,354.73 million in 2021.
The 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 the 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
Industry Growth Drivers
An increase in the industrialization in developing countries like China, India, and Indonesia, is fuelling the growth of the global vibration sensors market because of the prevention of the damage in the machinery. With an increase in natural disasters over some years because of the pollution, these vibration sensors are used to calculate the abnormal vibrations on earth or water in order to prevent substantial loss from them.
The involvement of governments' rules on the safety and security rules of industries is making these industries adopt these sensors, therefore to prevent the accidents because of the faulty machinery is propelling the growth of the global vibration sensor market. The benefits of using these vibrations sensors in an aircraft like using them to calculate airflow and the engine vibration to prevent any crashes are one of the leading factors for the rise of vibration sensors market revenue.
Also, improvements and customisability qualities are making these vibration motors more attractive to adopt in various industries for different applications. And also a wide range of frequency levels, self-generating capability and agility are improving this market.
Because of the governments' road safety rules in various countries, these vibration sensors are getting used in automotive industries to calculate engine performance and also in the savior situations like road accidents to calculate the sudden impacts, which is accelerating the demand for these vibration sensors.
The factors that limit the global vibration sensor market are the usability and lack of end-user approach. These are some of the problems that the vibration sensors have to overcome in the forecast period.
Opportunities in the Vibration Sensor Industry
Although the vibration sensor has many advancements in the recent past, making them more precise and accurate can create the opportunity to get a new player to end-user in the worldwide market.
Market Size Available
2018 – 2024
2019 - 2024
By Technology, Application, Material & Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
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.
This Research Report is Segmented & Sub-Segmented into the following Categories of Global Vibration Sensors Market with size & evaluated forecast until 2024.
Vibration Sensors Market: By Technology
Vibration Sensors Market: By Application
Among all the applications, machine & structure would likely capture the significant share of market revenue. And after the machine & structure segment, the automotive and aerospace will have a higher demand due to the safety benefits of using these vibration sensors.
Vibration Sensors Market: By Material
Vibration Sensors Market: By Region
Among all, Asia Pacific has the largest market share. The Asia Pacific has a huge market for piezoresistive vibration sensors because the demand for 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.
Key players profiled in the global vibration sensor market report are 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.
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
184.108.40.206 By Geographical Area
220.127.116.11 By Technology
18.104.22.168 By Application
22.214.171.124 By Material
6.1.4 Market Attractiveness Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Technology
184.108.40.206 By Application
220.127.116.11 By Material
6.1.5 Market Share Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Technology
126.96.36.199 By Application
188.8.131.52 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